In the cryptocurrency world, many people confuse the concepts of the 'primary market' and the 'secondary market', and even mistakenly treat spot trading on exchanges as early investment. In reality, this is a serious cognitive misunderstanding.
The primary market in the cryptocurrency space is like a wholesale stall in a vegetable market at four in the morning, where you can get 'fresh goods' that have not yet been sold to the public, and the prices are naturally low. However, gaining access is not easy—you have to wake up early in the dark, endure the cold wind, and develop a keen eye, as no one will actively remind you about the 'bad produce' mixed in.
The secondary market, on the other hand, is like a marketplace after dawn, where vendors sell goods to ordinary buyers at three times the price. Smart participants from the primary market have already counted their profits at home by that time. The projects on the blockchain that have not yet logged onto exchanges are essentially the 'potential vegetable baskets' of the primary market; some people find it troublesome and are unwilling to get involved, while others dig for value with a 'treasure hunting' mindset.
