Crypto飞哥
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Shorting garbage altcoins is also a strategy
In this round of market, we have witnessed the former big brother—Binance, where the profit effect has almost disappeared.
New coins plummet as soon as they go live, with almost no exceptions, and the average drop exceeds 70%, with no decent rebound in sight.
In fact, upon closer reflection, there are reasons behind this:
1. The flow of funds has changed: Under the impact of the decentralized wave, market funds are migrating from centralized exchanges to on-chain, and Binance cannot remain unaffected.
2. The on-chain gameplay has changed: Most on-chain projects are short-lived, this understanding has reached consensus, and retail investors are finding it increasingly difficult to make money.
3. Binance's projects are too expensive: New models on-chain are emerging constantly, competition is fierce, and Binance's project premium ability continues to decline.
4. Retail investors are scared of being cut, and no one believes in VC's tricks anymore: Nowadays, retail investors have been ruthlessly harvested, and they bypass VC projects; in the absence of buyers, even when token prices unlock, they continue to fall.
— Since this is the case, why not change the mindset? Shorting garbage altcoins might be a shortcut to getting rich.
Whether in spot or futures, as long as a certain altcoin is listed on Binance or other mainstream CEX, go short directly, and conveniently hedge the upside risk with Bitcoin, thus securing profits steadily.
Simple and straightforward, it can even be said to be quite delightful.
Operational thoughts:
1. Keep an eye on new projects on Binance.
2. Go long BTC with 20x leverage to prevent being carried away by an overall market rise.
3. Short newly listed garbage altcoins with 20x leverage, because in the long run, most altcoins cannot outperform Bitcoin.
As long as you hedge against Bitcoin's rise, garbage altcoins will most likely still escape the fate of a prolonged decline—this strategy is simple, effective, and worth a try.
In this round of market, we have witnessed the former big brother—Binance, where the profit effect has almost disappeared.
New coins plummet as soon as they go live, with almost no exceptions, and the average drop exceeds 70%, with no decent rebound in sight.
In fact, upon closer reflection, there are reasons behind this:
1. The flow of funds has changed: Under the impact of the decentralized wave, market funds are migrating from centralized exchanges to on-chain, and Binance cannot remain unaffected.
2. The on-chain gameplay has changed: Most on-chain projects are short-lived, this understanding has reached consensus, and retail investors are finding it increasingly difficult to make money.
3. Binance's projects are too expensive: New models on-chain are emerging constantly, competition is fierce, and Binance's project premium ability continues to decline.
4. Retail investors are scared of being cut, and no one believes in VC's tricks anymore: Nowadays, retail investors have been ruthlessly harvested, and they bypass VC projects; in the absence of buyers, even when token prices unlock, they continue to fall.
— Since this is the case, why not change the mindset? Shorting garbage altcoins might be a shortcut to getting rich.
Whether in spot or futures, as long as a certain altcoin is listed on Binance or other mainstream CEX, go short directly, and conveniently hedge the upside risk with Bitcoin, thus securing profits steadily.
Simple and straightforward, it can even be said to be quite delightful.
Operational thoughts:
1. Keep an eye on new projects on Binance.
2. Go long BTC with 20x leverage to prevent being carried away by an overall market rise.
3. Short newly listed garbage altcoins with 20x leverage, because in the long run, most altcoins cannot outperform Bitcoin.
As long as you hedge against Bitcoin's rise, garbage altcoins will most likely still escape the fate of a prolonged decline—this strategy is simple, effective, and worth a try.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.