This morning, I listened to an old song with lyrics that say, 'Life is short, how many autumns do you have? If you're not drunk, don't stop...' It resonated with me, reminding me of my years in crypto trading, and I couldn't help but shed a tear. Now over forty, feeling like I’ve been ravaged in the secondary market, I often contemplate the meaning of life. Albert Camus once said that life is meaningless! If life is meaningless, then what am I pursuing in this circle? Later, I realized it was my original dream, and nothing more!
Over the years of ups and downs, I want to share some of my thoughts with everyone. First, my viewpoint: 99% of altcoins will go to zero, and Bitcoin will reach one million dollars. The proof of this conclusion is time. Five or ten years later, looking back at my article, you will find that I was right!
The original intention of Bitcoin is decentralization and anti-inflation, as written by Satoshi Nakamoto in the white paper. If you don't believe it, you can look it up yourself. But what has the crypto world become now? Let me give an example:
1. Many coins release a little at first, then the manipulators pump the price. Once you enter, there could be months or even years of unlocking, like FIL, ENA, SUI... You can't buy them all. Just imagine buying a stock that keeps issuing new shares; do you feel confident about that?
2. There are more and more altcoins now, and anyone can issue coins. If you haven't issued one, it only means your knowledge is limited, not that you can't. This has led to an endless stream of altcoins. One thing everyone can understand is that altcoins rely on consensus; once consensus is reached, they rise. They go to secondary exchanges, and then early investors can cash out, while later investors take over to reach consensus again. If consensus cannot be reached, they will head towards extinction! For example, PNUT... There are too many; you can summarize them yourselves!
3. Celebrities create hype. Do you believe that being famous is a form of wealth? If you become famous on Douyin, you can sell products; if you become famous in the crypto world, you can take orders, and of course, you can also scam others! I'm talking about Trump. Initially, I thought that having such a strong supporter of virtual currencies in power would be a huge benefit, but in the end, he was just scamming people. Oh no, he was digging up your ancestors' graves. Trump coin, Melania coin, Argentine president coin—what have they become? These garbage coins drag down the entire market and collapse the whole crypto world. How many fools still regard him as an idol? To pump and dump, they even organize breakfast and dinner events, as if others have starved for thousands of years and need your food! It's a complete mess, utterly disgusting!
4. Capital and exchanges are jointly harvesting. Most coins are controlled by manipulators. They hold 90% of the spot market and, in conjunction with contracts, can raise or lower prices at will. Recently, there’s a coin called FUN, controlled by an obsessive manipulator, making it behave like a stablecoin. Isn’t that funny? And exchanges, constantly delisting this and that, if these coins need to be delisted, why were they listed in the first place? Have you considered the feelings of the holders? I once used a metaphor: exchanges are like pimps, they use this one and then that one. Do you think a pimp would have feelings for the women he has used?
Saying this is just to help you understand that the secondary market is actually riskier than the primary market. Investing a few hundred in the primary market is not a big deal, but the secondary market is like a pig waiting to be slaughtered! How many people are still hoping to make a profit from the altcoin season and then run away? Don't say you aren't; I don't believe you! But you need to understand that your predictions have already been predicted by capital—it has predicted your predictions. There will be no more altcoin season. You must recognize reality, and if you gamble, you must accept the loss. If you can't accept it, then your character must not be good!
I want to give everyone a few pieces of advice, believe it or not, whether to say it or not is up to me:
1. Anyone boasting that a coin can multiply by hundreds or thousands is unreliable; do not listen. Even if I tell you, don't believe me. I do not recommend buying MOCO this time; it has no project team and relies entirely on retail consensus. 99.99% of coins have already fallen into a black hole, with a low market cap and only about 40,000 holders. It hasn't even hit the exchange, so there's no delisting risk. After I bought it, it hasn’t even increased fourfold; it just rose a little over three times. Isn’t that frustrating?
2. The risk of altcoin spot trading is greater than that of contracts. Contracts allow you to see profits and losses and cut losses in time, while in spot trading, losses can be easily overlooked. Aside from contract fees, spot trading is essentially a one-to-one contract, don't you think?
3. You must cut losses. No matter how much you lose, you need to stop. You may profit 99 times, but if you don’t cut losses once, you could end up irreparably damaged! Don't tell me that the altcoins you bought are high-quality coins that definitely won't fall—just look at Luna and Om. Wherever they came from, that’s where they will ultimately return!
I rambled a bit and almost forgot to report on MOCO's situation.
Today's price: 0.0{26}120
24-hour trading volume: 1.67 million
Number of holders: 41,108
Positions 1, 2, 3 are the black hole, LP pool, and Zhao Changpeng's CZ address, respectively, not recorded. Other address rankings are shown in the image (AVE has been upgraded, and the interface has changed a bit):
Summary:
1. The number of holding addresses is steadily increasing, expected to break fifty thousand tomorrow. The consensus is still relatively strong. My last prediction that the number of holders would surpass BOB in these two days has been realized, proving I wasn't lying to everyone. To be honest, I was worried that my judgment might cause confusion, but so far, it hasn't!
2. It was too aggressive a few days ago; these days are an adjustment, with trading volume slightly decreasing and price dipping very little (compared to the primary market, a halving is considered a correction). This further proves that the consensus is very strong. The top twelve that have not sold can compare with the last report!
Life is short, how many chances do you have to encounter a coin that could increase a hundred or a thousand times? I am reminded of a famous saying by Liu Huaqiang: If the opportunity is given to you, but you can’t make good use of it, do you dare to take a gamble?
The above data comes from ave.io and is trustworthy. Everyone is welcome to express different opinions and discuss together!
Today, besides the report, I included some personal insights to increase everyone's reading volume; I apologize!
This article is dedicated to you who persist in your dreams, and to myself!