Copycats are flying everywhere, which stage of the bull market is it now?
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Counterfeit, what is SHIB?
"One day in the currency circle, one year in the world" Recently, if you spend more time in the blockchain community, you will find that what everyone is discussing is no longer DEFI, NFT, but some coins that seem to be full of fun. As some Weibo big Vs said, pet coins are now popular in the currency circle.
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SHIB market in the past 24 hours
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What kind of people will buy SHIB?
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The era of flying altcoins
In every bull market, after Bitcoin soars, it is the time for altcoins to appear in large quantities.
In 2013, Bitcoin broke through $1,000 for the first time, and the cryptocurrency market was hot for the first time. Many altcoins with the names of "surpassing Bitcoin" and "improving algorithms" were born out of nowhere. Proof of work improves the security of virtual currency), Peercoin, Litecoin, and Dogecoin are all products of that era, and they have captured the attention of many people. Now, most altcoins have disappeared in history.
In 2017, Bitcoin topped 19,000 US dollars, and the cryptocurrency market was hot because of ICO. At that time, it was not altcoins but various blockchain + applications that were popular. You will find it very absurd, and it seems that anything can be done Connected with the blockchain, it seems that if you don’t develop a public chain, you will be embarrassed to mix in the currency circle. The TPS is very high and the vision is very grand. But two or three years have passed, which of those original projects are still sticking to it? A round of bulls and bears did not persist, and the DAPP ecology on the public chain that persisted was also very bleak.
How long is this bull market going to last?
Since the beginning of the bull market in the middle of last year, more and more myths of getting rich have emerged around us. The mainstream currencies such as Bitcoin and Ethereum have skyrocketed several times, and then some platform currencies and altcoins have taken off. It seems that everyone Earned handsome returns from here. Those who don’t make enough money, those who are short-sellers, those who sell flying at low positions, and newcomers outside the circle can’t hold back their excitement, hoping to catch up with the car and get a share of the pie. FOMO sentiment can easily cause people to blindly chase higher and lead to losses. When everyone in this market is making money and does not know who is losing money, it is the time to really be vigilant.
The market has been cooking like a fire for a long time, and no one can accurately predict how long the bull market will end, but what is certain is that at this stage, the chances of making money in the market are getting smaller and smaller. It's not like half a year ago, when you casually stud on the coins in the top 50 list, if you hold them, you will get rich in the end.
There will be many opportunities to "lose money" in the middle and late stages of each round of bull market. Don't have a fluke mentality, but have a long-term, stable, and rational attitude to ensure that you only make money and not lose money, and become the "constant winner" of the currency circle. General".
