Post
Topic
Board Speculation
Re: movement up, leads deep down !
by
btc_angela
on 21/12/2020, 06:50:50 UTC
I believe the Market has its mechanism to do the trick about the trends but sometimes even the natural market movements can be tricked also, some altcoins are pumped so fast that was created by an artificial demand like what happens now in Defi projects the pump is too fast and it was too risky for sudden dump I'm sure many speculators will suffer.

I thought that you are going to mentioned bitcoin (BTC).

In any case though, its pretty obvious that the whole Defi thingy is just a hype created by someone. Specially that new big thing is Altcoins market, from ICO-IEO-Defi now. So what you do you expect? A natural pump and then sustainable growth? Nah it doesn't happen in altcoin market, sorry to burst the bubble for you. Yes, they can be pump more than bitcoin, but the risk involved is too high. That's why many investors lose their money in altcoin market the first year because they think it is get rich quick scheme.