Let me share a secret... The investor environment in the cryptocurrency market is exactly like it was before 2020.
People who are fed up, exhausted, mentally done, have lost hope, and have gone bankrupt because of the mess in the market and the disgrace of coins...
However, back then, the number of crypto investors was 10 million, and today it’s 1 billion...
And the reason why the collective collapse, liquidity crises in coins, and their spreading worldwide are worse now is because we are 100 times more numerous than before. That’s why our problem is much bigger than in 2020. The same applies to coins... Just as we investors have become 100 times more numerous, so have the coins... While there were 10,000 coins before, now there are 1 million coins...
There’s no money in the market, and the occasional money that appears doesn’t even know which coin to go into; options have unfortunately become endless...
But still, I hope this psychological similarity ends, and it turns out to be just like after 2020...
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Let me share a secret... The investor environment in the cryptocurrency market is exactly like it was before 2020.
People who are fed up, exhausted, mentally done, have lost hope, and have gone bankrupt because of the mess in the market and the disgrace of coins...
However, back then, the number of crypto investors was 10 million, and today it’s 1 billion...
And the reason why the collective collapse, liquidity crises in coins, and their spreading worldwide are worse now is because we are 100 times more numerous than before. That’s why our problem is much bigger than in 2020. The same applies to coins... Just as we investors have become 100 times more numerous, so have the coins... While there were 10,000 coins before, now there are 1 million coins...
There’s no money in the market, and the occasional money that appears doesn’t even know which coin to go into; options have unfortunately become endless...
But still, I hope this psychological similarity ends, and it turns out to be just like after 2020...