The continuous decline of altcoins is actually reminding us of a reality: we have made mistakes in our judgments.

Where did the problem lie?

We have become too dependent on altcoins. We always feel that their prices are low and have potential, and that they will eventually skyrocket, with increases surpassing that of Bitcoin.

We are too obsessed with the so-called 'next big bull market,' always fantasizing that it will bring a comprehensive rise like in the past, with altcoins increasing tenfold or a hundredfold.

We are too greedy. We are not satisfied with small profits and always want to earn more. We only see doubling our money, and in our hearts, we only think about going all in.

Looking at it now, these thoughts are all wrong—not just wrong, but absurdly wrong. Yet these mistakes are difficult for us to face because the cost is too high.

Many people are now deeply trapped in positions; the more they try to remedy the situation, the more they lose, as if they can never see hope for a way out.

If they want to cut losses, their confidence has already collapsed, and their accounts can no longer hold on.

The remaining choices are either to completely give up or to hold on until the end.

Ultimately, many people in this market simply cannot hold on any longer and have already been washed out completely.

Damn it, the market is too ruthless to retail investors.