BEAT's price movement really is nerve-wracking. I've emphasized before that coins in continuous decline often have room to explore even lower bottoms, but many people don't listen and instead blame me for being overly cautious.

Is 0.4 really considered a high price now? To be honest, it's difficult to judge where the bottom is. Assuming it drops another twenty times to 0.02, the market cap could still maintain around $20 million — converted to RMB, that's still over 100 million yuan in scale. The problem is, this assumption itself is full of variables.

Many people rush to catch the falling knife when they see a sharp decline, psychologically always wanting to pick up a bargain. But history tells us that declining coins often have even lower prices waiting. Greedily catching falling knives usually doesn't end well. Rather than rushing to board the train, it's better to see the direction clearly first.