Why do we say that the fate of altcoins is to return to zero?
Many brothers are asking: Why are $BTC and $ETH skyrocketing, while the on-chain data is clearly moving, but the prices of certain altcoins remain stagnant? Coins that reached sky-high prices in the last bull market are now being ignored?
Remember this logic: The mission of altcoins is not to rise, but to harvest, from pump → trick retail investors into buying → cash out and run away → return to zero. The first harvest relies on skyrocketing to trick you into buying, the second harvest relies on painting a rosy picture to make you hold on.
Now, these old altcoins are left with a group of old investors supporting them. They are hoping that we will eventually cut our losses and exit, the longer it drags on, the more losses we incur, and the more our mentality collapses, allowing them to secretly accumulate at the lowest price.
When Bitcoin and Ethereum reach their peak, they will suddenly pump altcoins, tricking new investors into buying at high prices. This tactic has been played for many years. The market has experienced a sharp decline, and next, I will prepare some coins suitable for bottom-fishing. If you feel lost and helpless, follow me.