I spent the whole day talking with some friends.
The overall conclusion is still very pessimistic. They used to make a fortune through narratives, but now they're scared, they don't believe in narratives anymore, and they've quit.
Right now, the only ones still in the game are speculators like me and the big players.
I'm exhausted, and the big players are exhausted too. Gambling every day is too tiring. The core reason is that there are no more big, unsuspecting investors.
Big players don't necessarily make money. In this market, you know many cryptocurrencies that are manipulated lose money.
Manipulating doesn't necessarily mean losing, but not manipulating definitely means losing.
So, the important thing about manipulated cryptocurrencies is:
Once the money is in, there's no going back.