Yes, there are too many trapped positions, it is better to trade new coins, after all, the popularity of trading new coins is higher 🙄
肥猫
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Why are most knockoffs focused on new trends rather than old ones? Because old knockoffs often have many trapped investors, some of whom have been stuck for over 2 years. The narrative hasn't changed, and the fundamentals haven't changed either. The dealer has sold off most of their chips, and they have no reason for a significant rally anymore.
All they can do is, when they have a lot of short positions, liquidate a little and distribute some chips.
The remaining time is just idle, washing the market.
Maintaining the price of an old market is, in terms of profitability and cost-performance, far inferior to starting a new market.
The fundamentals of a knockoff are not much better than those of a pyramid scheme.
For example, take a look at OM, then look at MYX. Doesn't this method seem a bit familiar?
Then draw a picture; this is 80% of a knockoff's lifespan.
So those who tell you to broaden your perspective on knockoffs (on a yearly basis), are either foolish or malicious. Which one do you think they are?
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