The counterfeit is just starting up and has already become useless

Everything is difficult at the beginning. However, the beginning often determines the outcome later on. The first wave of altcoins is the most decisive in determining winners and losers, just like those who entered Ethereum at 1500 and are still on the bus. Now, no one would enter Ethereum because if they really wanted to, they would have entered earlier. Those entering now are just chasing highs, only getting in because the daily chart looks good during this period, or they might have already seen a wave. But any coin will retrace, and when it does, they will sell or cut losses. The fundamental reason is that short-term players have a mindset centered on chasing rises and cutting losses. The prince mentioned last week that the real distinction will be before August 20, but I can say for sure that it has nothing to do with over 95% of people. By the end of the month, most people will still be losing money. The difference between retail investors has never been about daily charts but rather about the differences after the main upward trends. During this time, I can say that those dealing with contracts are again nearing zero; even with two times leverage, they are losing at least 50% of their principal. A year ago, Bitcoin contract players exploded, and recently, Ethereum contract players exploded, and now it's altcoins. This scale is astonishing.