Wake up! There will be no altcoins!
This season, the game is different.
- Projects are listed at high prices to gradually offload, instead of listing at low prices to push up to a billion-dollar cap, they have done the opposite to gradually offload, hence the projects are not losing money; they are doing well.
- Market Makers take profits after each Pump Dump cycle of 3-4 times; they do this continuously with projects and do it many times throughout this period. Even 5-10 times would yield profits like a single push of 10-20 times, the risk of them being liquidated by the market is non-existent. We keep waiting while they are already profiting.
- Too much capital is concentrated in futures - margin, so all exchanges see this as a place to make profits; therefore, they liquidate positions to earn money instead of focusing on developing the market.
- The Berkshire Hathaway fund has continuously cashed out risky assets into cash throughout this time; perhaps they have sensed a recession in the US, so there will be no more motivation for the financial market (BTC is now also considered finance in the US).
- In summary, we are being drained of our accounts due to the vague belief in altcoins; CZ has said: 'if you can’t hodl, you can’t be rich!' I believe what he means is: 'IF YOU CAN’T HODL, I CAN’T BE RICH!!'
#altcoins #downtrend $CAKE #Write2Earn $ASTR $SCR #xuantruong