Syncracy Capital: Current counterfeit products provide far more risk-reward status than bitcoin
Daniel Cheung, co-founder of Syncracy Capital, wrote in X: "During this cycle, everyone suddenly identified themselves as George Soros, constantly monitoring hourly charts to timing entry/exit and leverage." Cheung said this was the main reason why counterfeit products did not break through as quickly as "in previous cycles".
Meanwhile, with bitcoin's dominance rebounding to nearly 60% amid price stagnation in the final days of 2024, traders are increasingly convinced that it may be time to shift accumulation strategies to counterfeit products.
"At this juncture, counterfeit products offer a far greater R/R [risk-reward] profile than Bitcoin," Dyme, an anonymous cryptocurrency trader, said in an X post on December 27, adding: "The DCA era for Bitcoin is over, with more than 1.5 years to go."