The biggest fear in crypto trading is encountering coins that are manipulated by institutions like Luna. They can skyrocket but can also drop to zero, which is something an ordinary person cannot withstand.
In my opinion, even if you make money from such coins, it is actually a loss; because from your inner thinking, your logic of making money is result-oriented.
Making money means it's a good coin; losing money means it's trash. The short-term impact may be small, but in the long run, there will be flaws everywhere, even leading to huge losses.
The current momentum of XRP + the counterattack of DOGE is both reasonable and unreasonable.
The reasonable part is: the decline has lasted too long, and it should have gone up.
The unreasonable part is: the increase is short-lived and the magnitude is too large.
In just one week, well-established coins worth hundreds of billions have doubled in value. Such a pump inevitably raises suspicions.
Currently, there seem to be no visible problems in the market, but I still advise everyone to be cautious.
If you are profiting through systematic analysis, it is reasonable to continue; but if you are entirely relying on feelings and luck to seize the opportunity, be careful, as luck can run out.
Every major outbreak of mainstream coins is significant, and you must pay more attention to past market trends; there will be unexpected answers within.
The sudden drop just now gives everyone another opportunity. Remember that saying: a pullback is an opportunity for us to get on board. To prepare for the upcoming market, I will lead my followers to ambush a project that can break out independently and rise sharply; doubling is not a problem. Like and comment, and I'll share for free.
