Through the market shown in the picture below, a normal person should be able to understand that this is the malicious harvesting behavior of the manipulators, right?! Cryptocurrencies like #PEOPLE indeed have selling points; their nature is similar to Bitcoin. The only difference is that Bitcoin is controlled by capital or many large manipulators who, for the sake of long-term stable development, will not maliciously destroy market rules.
In contrast, small cryptocurrencies are controlled by a very small number of manipulators. For them, they are like shareholders of a listed company, with most of the stocks in their hands. Without regulation, they can freely harvest from the market, doing this once or twice a year is enough; the rest of the time is spent 'fishing,' which is remarkably similar to Southeast Asian scam tactics!
This is also the fundamental reason why I only trade a few mainstream cryptocurrencies. Trading itself is inherently unfair, and if you add malicious harvesting behavior, your chances of winning are almost zero. Many people say that such market conditions could also be a great opportunity for profit, and that's true. But if you make just one mistake, you could lose everything!
Trading is not about making huge profits; sustained and stable profit is the hard truth. What do you think?