$OM
From the 16th until today, OM has dropped nearly 30% from its peak, putting on a farce of crashing down and then crashing down again.
Unfortunately, I didn't have the capital to operate at that time.
For project parties that are suspected of having a bad track record, one must remain vigilant about the so-called 'good news' they release, and it is even possible to go against it completely.
If they entice with bullish sentiment, I will look for opportunities to short.
There are two reasons for this:
1. An increase is inevitable, but it won't last long.
This crash by OM will undoubtedly lead to a crisis of trust, resulting in a panic sell-off of a certain scale that is unavoidable.
Moreover, most people currently view virtual currency merely as a tool for arbitrage; they are satisfied with a quick profit from the good news and leave, with very few willing to act as diamond hands.
This is a tacit understanding and consensus formed slowly by most individuals after enduring various hardships, without needing to establish connections.
Therefore, the good news released by the OM project party will certainly attract many people to enter the market, thus pushing up the coin price.
However, people have already lost trust in them, and everyone suspects the project party will conduct a second harvesting behind the scenes, which means its upward momentum will not last long; it will quickly turn from rise to fall, becoming the domain of the bears.
2. The project party's promises seem too hypocritical.
The project party is not a charity; they are here to make money, not to give it away.
When they publish articles stating they will buy back tokens, it's equivalent to telling everyone that they are going to pump the price.
Those who believe the project party's pump are just as naive as those who enter community building, hoping that KOLs will pump the price.
The project party is clearly in the driver's seat; how could they possibly lift the sedan chair?
When they claim they will burn all team tokens, it's like cutting down the supply while giving people a reassurance - the sell-off event you are worried about will not happen again.
This seems even more unrealistic, even against human nature.
No one complains about making too much money, and no one wants to watch the meat handed to them fly away.
Therefore, the OM project party is very hypocritical. The promises they make are too far-fetched, making one suspect that they have ulterior motives.
To put it bluntly, the various good news released by the project party now, as well as the various remedial statements regarding the previous crash, are all for the convenience of better unloading and crashing in the future.
The unlocking of OM tokens is imminent; its decline has just begun.
