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#ALEO I've been observing aleo for several days, let me share my thoughts on aleo.
First, state your own conclusion:
The price of the currency: aleo fell all the way from around 6U near the high point to around 1.2U, a fall of 98%, disappointing participants and Miners.
When will the price of the currency Rebound? The answer is when it completely cools down, not losing the hope of speculation, not losing the confidence of holding, pump is hopeless.
First: The market's trend is always right. What is wrong is the participants' strategy. If it's wrong, please refer to the first point.
Secondly: Looking back at the history, when MATIC was launched, it experienced a sideways movement for several months. LINK's bottom sideways movement lasted for nearly three years, during which it almost dropped to zero. SOL fell to around 0.5U when it was launched, and of course, there were various curses and community doubts when FIL was launched.
Brothers, history will not repeat itself, but rather it will be astonishingly similar.
None of the above will affect the subsequent moments of soaring and peak brilliance. If you can't hold on, you will get whipsawed out of positions by the market. If you can't persist, you will get whipsawed out of positions by the market. If you follow the crowd, you will get whipsawed out of positions. This is the law of nature and also the truth.
When you buy at 6U, it's your own path; when others buy at 3U, it's their own path; when I buy at 1.6U, it's also my own path. Even if it falls to 0.5U, I will still take action. This is my cognitive decision to act.
As for the future trend of aleo and whether it can achieve the desired profits, I have only done what needs to be done at the moment and everything is determined by the market trend. I will only tell myself to endure what others can't and do what others can't.
Following the market news, you will never find the mystery in it, but rather walk your own path, unaffected by any other news.
The market happens in despair, develops in doubt, and perishes in madness.