Yesterday someone DM'd me: A bunch of projects now have a circulating market cap below $500k. I remember you said before that just a contract shell alone is worth more than that. Is this a bottom-fishing opportunity?
I checked the recent top gainers list, and it's true—several of the top ones rebounded from a few hundred thousand market cap after being oversold, like $FHE and $SKATE. But if you look closer, even more coins with a similar market cap are still laying flat, playing dead—$agt, $rvv, those haven't moved at all.
Can you buy the dip? Sure. But honestly, the win rate isn’t as high as it used to be. Why? There are just too many trash projects now, and contract shells themselves are worth less and less. The market environment has changed; our approach needs to change too.
Personally, I'm just sitting back and watching for now. Of course, if you really want to take a shot, go for it—maybe you’ll get lucky and catch the next FHE? 😄
But let me be clear: this is not investment advice. Win or lose, it’s on you. Remember to DYOR.
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OnChainDetective
· 12-08 06:50
yo, looked at the wallet clustering on those "recovery" plays and the transaction patterns are... sus at best. $FHE pumps while $agt sits dead? historical data suggests selective accumulation happening here. rugpull signatures all over the place ngl
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shadowy_supercoder
· 12-08 06:49
Lying flat and watching from the sidelines is brilliant anyway; after all, there's nothing to be gained from gambling on it.
View OriginalReply0
BlockTalk
· 12-08 06:49
Listen, bottom fishing now is basically gambling. There are too many shitcoins, it's impossible to tell them apart.
This round did have some comebacks like FHE, but most are still dead.
I think it's safer to just wait and see how things develop, otherwise you're just betting on your own luck.
View OriginalReply0
DAOdreamer
· 12-08 06:49
The shells with market caps of several million are really bad now, way too much gambling involved.
Lying flat is the wise choice. Rather than chasing those dead coins, it's better to wait for opportunities.
The probability for something like FHE is way too low, I'll just wait and see.
If $agt can go up, I'll eat shit.
Feels like bottom-fishing now is all about luck, not much technical skill involved.
This cycle definitely isn't as insanely profitable as playing with shells before, the environment is changing too fast.
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ContractBugHunter
· 12-08 06:43
Shells with a market cap of several million, 99% of them are basically burial goods... Seeing FHE rebound and wanting to all in, that mindset is a bit dangerous.
To put it bluntly, the environment has changed, and these days, bottom-fishing relies more on luck.
Lying flat might be the smartest choice, after all, those catching falling knives are soaked in blood.
A market cap breaking new lows isn't necessarily an opportunity; sometimes it's just the Grim Reaper knocking on the door.
$FHE is a survivor bias; the coins lying on the floor are the real picture.
Trash projects are skyrocketing, and now randomly bottom-fishing is pretty much gambling.
DYOR is eternally cliché, but you really have to see clearly for yourself before making a move.
In this round, people who lay flat actually made more than those who went all in—ironic, isn't it?
View OriginalReply0
zkNoob
· 12-08 06:39
Copying FHE is indeed exhilarating, but in this environment... 99 out of 100 are trash, it's too much of a gamble.
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I've learned to just lie flat and watch. Anyway, there are plenty of people who tried to buy the dip and ended up losing big.
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Shells are definitely getting cheaper, really feels like the whole market is de-bubbling.
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To put it bluntly, it's all luck—bet right and you soar, bet wrong and you go straight to zero. I just don't have the mindset for that anymore.
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FHE and SKATE are really the lucky ones, but agt and rvv are still sleeping on the floor.
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Rather than trying to catch the bottom, it's better to wait for a real bottom signal. Acting now is just too risky.
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The market has changed, so strategies really need to change too. You can't keep playing by the old rules, that's a surefire way to lose.
View OriginalReply0
BearMarketBuyer
· 12-08 06:25
It sounds just like gambling, there's too much luck involved. I'll just wait and see.
Yesterday someone DM'd me: A bunch of projects now have a circulating market cap below $500k. I remember you said before that just a contract shell alone is worth more than that. Is this a bottom-fishing opportunity?
I checked the recent top gainers list, and it's true—several of the top ones rebounded from a few hundred thousand market cap after being oversold, like $FHE and $SKATE. But if you look closer, even more coins with a similar market cap are still laying flat, playing dead—$agt, $rvv, those haven't moved at all.
Can you buy the dip? Sure. But honestly, the win rate isn’t as high as it used to be. Why? There are just too many trash projects now, and contract shells themselves are worth less and less. The market environment has changed; our approach needs to change too.
Personally, I'm just sitting back and watching for now. Of course, if you really want to take a shot, go for it—maybe you’ll get lucky and catch the next FHE? 😄
But let me be clear: this is not investment advice. Win or lose, it’s on you. Remember to DYOR.