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Why were the earlier knockoffs easier to make money with, and now when knockoffs run slow, they get trapped?
In the past, you would first write a story, then issue a token, and everyone would reach a consensus, pushing the coin out of the circle. The dream of the big players was to break out of the circle, make money, and gain fame.
So, with earlier knockoffs, if you bought and held, you could make money because everyone who bought would walk the same path. At that time, there were few coins listed on exchanges, but they were high quality because of consensus. The big players wouldn't secretly dump, earning several or even dozens of times profit, which was very simple.
Now, they issue tokens first, then write stories about them afterward. Or they jump on hot topics, focusing on speed to harvest gains. Whether or not it gets listed on an exchange isn't the goal of the big players. Making money, making quick money, is what matters! When a hot topic emerges, all the big players put down their bowls and chopsticks, their young models in their arms, and release a token first. If they delay, the hot topic ends. By the time retail investors research and rush in, it's already over.
This is why the initial enthusiasm of everyone believing that blockchain could change their destiny has gradually turned into gambling addiction. #欧美关税风波冲击市场 #加密市场回调 $BTC $GT