2025-12-31 04:29:33

Interesting phenomenon just came to light——Tom Lee's ETH-related strategy project BitMine and Circle behind USDC, these two companies' stock prices have fallen by 82.77% and 73.28% respectively from their highs, with quite steep declines.

But that's not all. Korean investors have instead bought them as one of the top ten overseas securities of the year. BitMine is even more outrageous, ranking just behind Google's parent company Alphabet, becoming the second.

In simple terms, it's a case of buying more as prices fall. Is this move "bottom-fishing logic" or "chasing lows after chasing highs"? What do you all think? From the ETH market perspective, does this phenomenon reflect confidence in the long-term value of crypto assets, or is it just pure gambling?

ETH0,02%

USDC-0,01%

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NeverVoteOnDAO

· 3h ago

The Korean's move this time is really bold. BitMine dropped 82% and still dares to rank second, how big is their heart? Wait, is this really a bottom-fishing or just pure gambling? I can't quite understand it. Are all Tom Lee's projects like this? Seems a bit suspicious. Circle dropped 73% and people are still buying in. This market is really crazy. But to be fair, Korean retail investors are indeed more... um, daring. Why does it feel like BitMine's popularity suddenly surged? Is there some good news I haven't heard? Buying more as it drops, sounds good, but it can also lose money pretty quickly. I’ll stay on the sidelines for now. Are these projects in the ETH ecosystem all showing this kind of trend? I'm a bit worried. I really can't understand the moves of Korean investors, but I respect their courage.

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RektHunter

· 3h ago

The Korean guy's move is really something. Even after BitMine has fallen so much, he still dares to buy in as the second place. It's either faith or gambling to an extreme degree. Is Tom Lee's recent move a trap or a hidden big move... an 82% drop is truly frightening. The logic of buying more as it falls is now hard to tell whether it's wisdom or recklessness. It's also a miracle that Circle is still in the top 10; they don't give up even with USDC performing so poorly. If this is the bottoming out, it would be amazing; if it continues to fall, it would be hilarious. Honestly, the crypto market is like this—faith and gambling are just a sentence apart. This move by the Korean guy is either going to be legendary or a joke, no middle ground. Tom Lee's project being dumped like this—can it rebound later... it's a bit uncertain. Is it bottom-fishing or just a bag-holder? We'll find out next year, haha. What does this phenomenon indicate? The market is still too irrational.

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MemeEchoer

· 3h ago

Koreans are really incredible with this move, daring to buy the dip even after such a drop BitMine dropped 82% and still ranks second, who gave them the courage? Is it bottom-fishing or gambling? Honestly, I can't tell the difference This is the magic of crypto, the worse it gets, the more people buy Tom Lee's projects have become favorites among Koreans It feels like gambling instinct outweighs confidence, no lie Dropping so sharply and still going all-in, truly a gambler's mindset To be fair, this move is a bit addictive

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MercilessHalal

· 3h ago

82% decline still dares to buy into the second place, Koreans are really bold with this move --- Is BitMine surpassing Google? Am I seeing things? --- Buying more as it falls is definitely a gambler's mentality, but maybe they really believe in the long-term value, who knows --- Tom Lee's projects are like this, and people still chase after them; faith is still foolish money --- The line between bottom-fishing and chasing lows is actually very blurry; the key is whether you can hold until the rebound --- I have to say, the boldness of Korean capital in this move is quite daring, it has a bit of a gambling flavor --- The recent drop of Circle and BitMine is indeed frightening, but seeing Koreans buying into the top ten, there are definitely people rushing to accumulate --- Basically, it's just stubbornness; if it turns around, it's a big V; if it keeps falling, then you're the bag-holder --- From the perspective of ETH's long-term value, this pattern of buying more as it falls indeed reflects confidence, but only if the project itself is reliable --- Daring to buy at 82% down? If it's not bottom-fishing, then it's genuine faith; otherwise, it's just wanting to gamble on a turnaround

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AirdropJunkie

· 4h ago

Are Koreans crazy? Dropping 82% and still ranking second only to Google—what kind of confidence is that? There should be a bottom line for bottom-fishing. BitMine is so aggressive; I think it's mostly gambling. Circle dropping 73% and still making it into the top ten shows that capital just loves to play this game. But on the other hand, if there really is a rebound, Koreans will make a huge profit. No one seems to truly understand what’s next for the ETH ecosystem and all these issues.

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quiet_lurker

· 4h ago

The Korean's approach... really daring, to buy the dip even after such a big drop Chasing lows is either smart investing or gambling; honestly, I can't tell the difference BitMine ranked second? That's quite confident Feels like the prelude to an all-in move If this isn't the bottom, it would be disastrous Tom Lee's project is so resilient to declines? That's interesting Buying more as it drops, I don't have that courage It's basically betting on a rebound Korean capital is a bit crazy, isn't it? Such a huge decline and people are still buying? That's unprecedented

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