Recently someone commented: 'Big shot, you shorted ADA, this rebound of 12% slapped you in the face, right?'
I can only say one thing:
I'm not a hater, I just understand it earlier than you.
1️⃣Short-term explosive rise ≠ good coin, this is the most basic common sense in the crypto world.
ADA, a 'gatekeeper level' project among the top ten by market cap,
High visibility, many holders, sufficient trading depth, and all contracts are fully open.
Naturally, some people go long, some go short, and some reverse to pull up the market to brush profits.
Pulling up 10% in a short time? For coins at this level, it's purely trading behavior, not a fundamental strengthening.
What I see is not 'rise',
It's rather that 'sudden violent surge = too much speculation = it shows there's nothing to talk about'.
2️⃣ Why do I never encourage everyone to short ADA? Nor do I recommend holding it long term?
It's simple:
A coin without hard power, without a moat, and always lagging behind in narrative, no matter what you do, it won't be worthwhile.
Short selling? Easy to suddenly get liquidated by a K-line reversal.
Holding long term? The fundamentals are weak to the point of absurdity, the ecosystem has no growth, what do you expect for the future?
What I oppose is 'gambling nature',
It's not just a K-line of some rise and fall.
3️⃣ A truly good coin should be able to walk out of an 'independent market'.
A good project must have three characteristics:
Can generate its own blood (ecosystem, transaction fees, user growth)
Can walk an independent market (not forever mixing with the big market)
Can lead its own narrative, rather than following the trend to catch up on homework
But ADA:
The ecosystem has no users
Developers are leaving
No independent market
Every rise and fall relies on emotional fluctuations
Louder than strength
You call it the future, but I think it's just 'the last stubbornness of sentiment'.
4️⃣ Is ADA still speculating on: stablecoins, TVL, roadmaps? These are all leftovers from 2021.
What is the most ironic?
Is stablecoin important? Of course, it's important.
So what has ADA been doing all these years?
People like SOL, ETH, BNB have already played to several generations of narratives,
You only started shouting about ADA today:
"We also want to work on USDC, we also want to increase TVL, we also want to create a roadmap."
Sorry, the market is not a primary school tutoring class,
I won't praise you for your future just because you 'finally started catching up on homework'.
When you land, others are already working on new directions.
When you start running, others have already run for two seasons.
5️⃣ In summary: I'm not against ADA, it's ADA itself that is not strong.
What can a 12% rise prove?
Proves that you are lost in short-term fluctuations.
A truly good project does not need your explanation of 'why it is not garbage'.
The market will naturally pay the price.
ADA's biggest problem is not the price, but the loss of direction, outdated narratives, slow actions, and a weak ecosystem.
I'm just presenting reality in front of you.
Those who understand will thank me;
Those who don't understand may think I'm against it.
But the market will never change its answer just because you criticize me.
