$BTC Let's talk about virtual currency!
In fact, the essence of capital is fraud. Doing business is nothing more than buying low and selling high. That's all!
The stock market, real estate, and gold all follow the same tricks.
Water flows, and so does capital. It is always moving and operating.
Virtual altcoins are just a game for the next buyer. There are many virtual currencies issued on the Solana chain, such as Trump Coin, Squirrel Peanut, etc. As more people buy in, once a certain market value is reached, it will definitely crash. For example, Squirrel Peanut raised the price with 30 Ethereum, reaching a market value of 1 billion. Then they sold off for 300 Ethereum. Countless retail investors got burned.
Projects on the BNB chain are the same. For example, one project claimed to be the richest in the Middle East. It peaked at a market value of 200 million, and then halved on the same day. The final outcome is likely to be zero as well. It all depends on how many people are willing to buy in. Hype, raising popularity, and then harvesting.
In fact, Bitcoin and Ethereum are the same type of goods.
Only the direction of Bitcoin is controlled by the government. Ethereum is in the hands of many consortiums and large institutions.
Ethereum has long ceased to be controlled by Vitalik. He has long lost control over Ethereum.
Many predict that after Trump leaves office, Bitcoin may drop significantly, and many altcoins will go to zero.
Who knows whether it will rise or fall?
It's all a squid game of capital!
To give an example, if someone on the blockchain wants to issue a coin. They can simply create an air coin, then spend money to hype it up. With a market value of 100,000, injecting liquidity, creating a group, and getting a few dozen people to raise it to a market value of 5 million. That’s a 50-fold increase. Then, on Twitter, Weibo, and Binance forums, they find an influencer to promote it. The number of holders will naturally increase. It might rise to 20 million or more. At this point, they will dump. The first step is to break even.