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【Madman says trend】New type of crypto world harvester: Trump
The madman said...
Issue your own coin, your wife issues a coin (with a market value exceeding 6 billion at the peak), and then everyone in the family wants to issue a coin? The liquidity in this coin circle has all been drawn away by the Trump family. Are we still playing with eggplants? I originally thought Trump's arrival would be good news for the coin circle, but now it seems that the probability of negative news has increased. If the inaugural speech does not offer any tangible benefits, cryptocurrencies are likely to have a hard time.
Bitcoin just fell below 100,000. From a small-scale perspective, the market is still in a frenzy. Since the First Lady issued a coin, the market has stopped buying it. If issuing one coin is to break out, then issuing a second one may be for harvesting. It is difficult for the market's madness to continue in this situation. Everyone take care of themselves. Only when the tide recedes can we see who is swimming naked. As for whether Trump will continue to buy ETH with the profits he has obtained in the future, it is hard to say. But in terms of risk-reward positioning, ETH may be stronger than other coins, although it is still lagging behind. However, this wave of panic selling is obviously weaker than other mainstream coins. With consensus forming, there is hope for a rebound in the future market.
Disclaimer: The article represents only the author's personal opinions and does not represent the views and positions of Gate.io. All content and opinions are for reference only and do not constitute investment advice. Investors should make their own decisions and trades, and the author and Gate.io will not be held responsible for any direct or indirect losses incurred by investors in their transactions.
The article "Madman's Trend" New Coin Circle Harvester: Trump was first published in "Block Times".