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$FOLKS's recent performance has indeed been outrageous. The volatility during this period has been off the charts, with the bulls getting smashed through in the morning, and the sentiment collapsing. I then took a short position, planning to see if I could find a bottom. If it can hit a new low, the unrealized losses from this morning could be somewhat mitigated.
What I truly can't understand is the fundamentals of this coin. With such a scarce circulating supply, it should logically have a support effect, so why can't the price rise? There are a few possibilities: one is that the project team itself isn't very ambitious; two is that there's an issue with the locking mechanism; or maybe the market simply doesn't take it seriously. Sometimes I feel that these project teams are indeed limited in their vision. They clearly hold scarce assets but fail to leverage the premium space brought by the scarcity of liquidity.
The project team really dropped the ball. Even with a winning hand, they managed to mess it up like this. I just can't understand.
It feels like the market simply didn't understand the @FOLKS@ thing. Liquidity scarcity should be a good thing, but right now, this situation is truly outrageous.
Bottoming out and stopping the bleeding is considered a win; anyway, the fundamentals of this thing are a complete mess.
Is this the extent of the project team's vision? They can't even handle scarce assets properly...
This coin has no story; honestly, the fundamentals are completely rotten.
My mentality has collapsed. Now it's just about whether I can buy the dip, or else the previous floating losses will really be a wash.
Liquidity scarcity, huh? Then why is it still breaking down?
The project team probably just has this mindset, wasting scarce chips for nothing.
The bears continue to hold, see if they can buy the dip and recover.
This coin is really outrageous, the fundamentals can't support it.
FOLKS' recent moves are truly disappointing.
Longs got liquidated this morning, now everyone is just watching the joke.
Scarcity doesn't seem to matter much here; the project team probably just wants to retire comfortably.
Anyway, I don't believe it anymore. This thing just lacks popularity. Let's wait and see if we can buy the dip.
The project team really has a pitifully small vision, holding bad cards and still playing poorly.
I don't understand this coin; maybe my level is limited. Everyone, please be cautious.
The project team really has no vision; holding onto scarce assets in poor condition is just hopeless
What happened to the orders that were smashed in the morning? Did they hit the bottom?
If FOLKS can't rally this time, I don't see much hope; liquidity is dead and can't get any worse
Honestly, some projects are just playing good cards as if they were bad, I don't understand
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Short sellers stop bleeding, longs cut losses, and in the middle, they have to gamble on bottoming out. This mentality is indeed collapsing, isn't it?
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To put it plainly, the market simply doesn't treat this as an asset; it's just a toy to play with.
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Scarcity ≠ worth money, understand? Some coins are scarce just like limited edition worthless paper.
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It's true that the project team's vision is limited; holding chips doesn't allow for any tricks.
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This morning, the bulls were smashed through and then went short again. I give this move a full score; it's just that the loss during that period was really uncomfortable.
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Whether the premium space is wasted or simply doesn't exist, that's a good question. Unfortunately, the answer might not be what you want to hear.
Why are retail investors still buying in? I really can't understand.
Hitting rock bottom is pointless; if no one is trading this coin, then no one is trading it.
Liquidity scarcity can't save projects with a small scope.
If you've been crushed early, you should have run; still hoping to turn things around?
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Getting smashed in the morning and then shorting back—this mentality is truly that of a trader
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The circulation is scarce but the price still can't rise, indicating that the market simply isn't buying in
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Project teams often ruin good cards with bad gameplay; this is a common sight
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FOLKS's recent market trend has really collapsed, no one is willing to take the bottom
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Limited vision project teams + conceptless market, a double kill, brother
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If the locking mechanism is flawed, then scarcity is meaningless; no wonder it can't rise
The project team is giving up; no matter how scarce something is, if no one trades it, it's useless.
Can the bottom be explored and bloom?
Instead of obsessing over fundamentals, it's better to wait for the whales to take over.
Honestly, no one wants this coin; stop fooling yourself.
Scarcity in circulation? Wake up, the market doesn't care at all.
The fastest way to lose money is to argue with the project team.
This kind of coin is just a gamble on mentality; whoever concedes first loses.
It's called scarcity in a nice way, but in reality, no one wants it.
It's already like this, and if you still want to stop the bleeding, it's better to admit defeat and exit.