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$RAVE Like the previous TRB, MYX, it's a routine!
TRB rose from 7.34 to 555, a 76-fold increase, then fell to 21 now!
MYX rose from 0.046 to 18.65, a 400-fold increase, now down to 0.27
Although the ending of copycat coins is either a 99% drop or delisting! But never short!
Although the ending is zero, don’t think you can short at the high point, don’t think it’s enough after dozens or hundreds of times of rise, but the price is fully manipulated by the whales, the only reason it can fall is that the shorters are almost爆ed! If there are still many people shorting now, it’s normal for the price to spike to 100, 1000!
Some clever people might think, then I go long and make big money😃, look at how millions of copycat coins are上线每年, 99.9% are delisted, you just happen to see coins that have risen dozens or hundreds of times!
The reason for rising dozens or hundreds of times is only one, the whales hold 99.9% of the spot, freely操控 the price!
Futures profit from the opposing side’s money, if more people go long, 🐶 the whale can’t拉那么多倍, the dog whale won’t give you money to spend!
Any coin has a market capacity, if you use a few million, 50x long or short ETH, it can also be爆破 at a specific point, look at Magi!
Whether it’s mainstream coins or copycats, always remember not to short! A rise of 50x, 500x can make you bankrupt in one shot!
Copycats can also be played, remember these points:
1. Only go long, never hold a lucky mindset to short
2. Don’t exceed 2x leverage
3. Funds should not exceed 2000U
4. Watch the hype, is it like RAVE, where the whole square is posting, many retail traders are playing, many are shorting!
These dog whales make money really easily, issuing coins at zero cost, the cost is just找各个Kol发广告,宣传造势,搞热度,吸引散户! Play a coin for a few months, when热度低,没人玩了, then重新炒作 another coin,循环反复!
I’ve also been坑过, when MYX rose to 3 dollars, I thought it had already risen nearly 90 times, short with 1x leverage,爆了 in 3 minutes, lost 12,000U!
Later, not convinced, at 11 dollars, I continued to short, but didn’t expect to收一次资金费率 every hour, the price sideways for a few days, then I lost another 30,000U,操TM!
My friend shorted TRB with 1x leverage, woke up to find 20,000U gone!#山寨币强势反弹