Altcoins have trading value, harvesting value, and dream-building value.
The benefits of trading value point to exchanges and traders with information advantages.
The benefits of harvesting value point to project parties and exchanges.
The false benefits of dream-building value point to outsiders and all those in the crypto world who desire to get rich quickly.
The benefits all go to these people. Altcoins have no benefits directed towards ordinary retail investors with no trading advantages.
Based on the conclusion that without information advantage, one cannot make money in the long term, ordinary retail investors cannot make money by buying altcoins.
If you insist on trading altcoins without having their conditions, you will become a value provider for the aforementioned three parties.
Of course, if you have the conditions mentioned above, the only value you can obtain from altcoins is trading value.
In fact, I have always had a philosophy that truly profitable things are simple and easy.
You see those wealthy people making money; once you grasp their industry, it’s actually quite simple.
Where are there so many wonderful techniques, and so many strategic schemes?
It’s just a simple method that everyone can use.
If you keep doing something that is complex and difficult, then it may not be profitable.
Don't think that playing strategies and various techniques that seem flashy means you are making a lot of money; understanding many project technologies and concepts is crucial.
Then those who take money to invest in projects can make a lot of money; after looking at a thick stack of reports, they may end up not making money.
The projects invested in have lost a lot of money; it's better to just buy BTC. They probably only make money when the market conditions are good.
So in the future, on your journey to make money, if something is very complicated, tiring, and cumbersome, you need to start being cautious.
You may not make much money in this business. Whether your method is wrong or not, as long as it is complex, tiring, and cumbersome, you won't make money.
The process of making money is easy, just like buying BTC and being indifferent, participating in various activities, clicking the mouse and earning small profits. Even someone with a middle school education can manage to make big money.
Because the world needs to give ordinary people more opportunities, especially new opportunities, so profitable things must not be too complicated. As long as you truly understand it, you will realize that simplicity can lead to profits.
Those who make money from altcoins actually find it very simple; they have an information advantage, buy in advance, and sell when the market releases good news.
Their holding cost is zero or extremely low, plus they have strong capital, and their confidence advantage is greater than that of ordinary retail investors.
A little accumulation of advantages is enough for him to make money from ordinary retail investors.
Let me give you an example: I can short worthless coins because I have an information advantage. I know that the ultimate fate of these coins is to fall.
But many novice retail investors do not know; they are lured in, unaware, and then buy into the desire for it to rise.
I just follow the rhythm of major players and project parties; I short, and although I don't have chips to dump, I can open a short position.
I can eat into the profits of novice retail investors; this is my advantage over them in terms of information. Then it's just ka-ching, ka-ching, ka-ching, making money.
What technology do I have in this process? Is it complicated? Not at all, just look at the value and calculate the market value, then start working and set profit and loss limits.
Out of 10 times, I can earn 9 times. Each time I can earn 50-70%, and I lose 100% once. Two trades cancel each other out. This case represents information advantage.
Having trading value requires having information advantage; it can be insider information or your sensitivity to the market.
In short, it must be something known by a few, while most people do not know.
Why is this round of altcoins so miserable? Because most people know that during a bull market, altcoins rise more than Bitcoin, and then they rush to buy altcoins.
All veteran investors know, and new investors also know, so this consensus will break the expectations for the altcoin bull market.
So NFTs fell, ETH fell, Dogecoin fell, and other memes also fell.
Because everyone knows, they have lost their information advantage, so they cannot make money.
Profitable things must be simple and kept confidential; once they are spoken aloud, the more people who know, the less you can make money.
Consensus is meant to be broken.
One day, when everyone knows that Bitcoin can be compared to gold and can earn 50% in a year, then the dividends of Bitcoin will come to an end.
If everyone believes, then Bitcoin will definitely not be at this price; how many Bitcoins are there? Many people don't even have 0.1 of a Bitcoin.
Because they just heard about it, they actually don't believe it, and they prefer to believe that altcoins have investment value and can make them rich quickly.
Maybe altcoins will rebound at the bottom of despair for many, but I believe that the vast majority of them no longer have chips in hand.
With chips, they won't fall or rise; without chips, all the chips have been bought by the major players, and the trading value benefits belong to the major players.
Altcoins may take off again, although I've said so much, I don't know if you can understand the several values of altcoins and make a decision.
Everything depends on your choice. Choice is greater than effort.
If you want to make stable profits, you must go through a bottleneck period of several years, spend half a year learning technology, a year practicing execution, and a year and a half practicing mindset. The most important thing is to minimize losses during the bottleneck period. If you are willing to spend time, use energy, summarize well, and have a good mentor or friend to accompany you, then your life in the crypto world will be much simpler. A thousand miles of starlight, as always.
You will definitely gain something; helping others is like helping yourself. There are no bad markets, only bad operations. I hope that no matter how the market changes, we can always walk together, and in ten years, we can still look at the crypto world and smile.
Hello everyone! I am Guo Yan, and the above are some insights from my ten years of trading coins. They are heartfelt words. After going through many detours, I slowly gained understanding. Today, I summarize and share them with everyone, hoping to help you with your understanding and thinking about trading coins.
