There are really only four types of people who can continuously make money in the cryptocurrency space: exchanges, KOLs, rebate parties, and yield farmers. The rest are basically working for these four types of people.
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1. Exchanges: The printing machine itself
They collect fees when the market opens, eat margin when liquidations happen, pump prices to create hype, and after cutting, they can still create public chains and tell stories. Market fluctuations have nothing to do with them; they are always the biggest winners.
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2. KOLs: The porters of information
Riding the hype, attracting traffic, setting the tone. When the market is hot, they share predictions, then later add, "I said this earlier"; projects find them to post, and fans pay the intelligence tax. They speak beautifully, but once the hype is over, they delete their posts, leaving all responsibility to retail investors.
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3. Rebate Parties: The shadow agents of the platform
Creating groups for signals, calling trades in and out, the core is you trade and I profit. As for your gains or losses, they don't care at all; they only want you to trade more. You think they are helping you, but in reality, they rely on you for their income.
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4. Yield Farmers: The guerrilla team benefiting from liquidity bonuses
Wherever there are airdrops, events, or new chains, they rush in to take advantage. Some have become large holders by farming rewards, while others have become cautionary tales after being scammed by projects. Speed, information asymmetry, and execution are their skills for survival.
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Apart from these four categories, 99% of the remaining people are gambling on luck, betting on trends, and chasing hot topics. Those who make money think they are skilled, while those who lose blame the projects for crashing. But you must understand that the cryptocurrency space is no longer a place where you can survive solely on faith and diligence; it is a jungle of profit distribution. Recognizing the rules is essential to find your own way to survive.