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One day at a colleague's gathering, I saw the market maker looking gloomy, and everyone asked why.
Market maker replied: Recently, operating a digital currency has been quite stressful. If the price continues to be suppressed, it will kill a thousand enemies and injure eight hundred of its own.
Everyone is curious.
The market maker said: This coin is all retail investors, there are no institutions.
Everyone was even more surprised, thinking what could retail investors achieve?
The market maker continued: The number of retail investors in other coins is in the hundreds of thousands, while the retail investors in this coin are in the tens of millions. The retail investors in other coins are all small investors, but among the retail investors in this coin, there are large investors who often hoard hundreds of thousands of U or millions of U. There are even super retail investors hoarding hundreds of millions of coins. Damn, they buy more than institutions!
Everyone was astonished and asked why not borrow coins to short it, causing it to drop tens of times and scare out the chips.
The market maker sighed and said: These retail investors are really special, they only buy and never sell, they don’t panic sell, and they even set high prices for their sell orders. I want to borrow coins to short, but it’s difficult. Other retail investors holding for a year is already impressive, but these retail investors hold their coins with a belief for ten years. Sigh, when will it come to an end?
The market makers all fell silent upon hearing it.