This callback once again confirms the older brother's previous point of view, that most altcoins have already turned into 'sh*tcoins'. I think retail investors mainly playing altcoins this round will be lucky if they don't lose money; don't think it's your trading that's the problem. In the case of a major collapse in altcoin valuations, if you go long on altcoins, you're bound to be wrong—it's like going against the trend. Last month, seeing the market improve, I kept trying to buy altcoins; besides a few exceptional coins and large blue chips controlled by institutions, the rest performed poorly. I think this round of ETH's surge has little to do with the retail investors who didn't buy ETH; the altcoin season is still far from arriving.

《The Dogification of Secondary Altcoins》

Recently, the market has warmed up significantly, with good gains in BTC, ETH, and other large-cap cryptocurrencies. However, some retail investors who prefer to play with small-cap coins have not made money and even faced losses. Is it right to lose money in a bull market? You can look at the historical K-lines of these small-cap altcoins; sharp drops are almost everywhere. Even if they get listed on the world's largest exchanges, it cannot guarantee that these altcoins won't plummet to zero. My advice is to participate cautiously in these small-cap altcoins and try to allocate more of your investments to BTC, ETH, BNB, or other large-cap coins. Below, I will explain why small-cap altcoins are facing this situation.

To summarize in one sentence: Altcoins have become 'dogified.' Nowadays, new altcoins are launched daily, and under such intense new launches, it is very difficult to ensure the quality of each project. It's like tier-one memes; countless memes launch every day, but only a few are truly successful, with most going to zero. The current secondary altcoins face a similar predicament; only a small number of projects have real strength and backing, while the vast majority are just here to take a quick profit and run. Their sole purpose is to allow market makers to open trades and engage in PVP with retail investors, extracting liquidity from them.

To be honest, I think the current half-dead situation of altcoins is unlikely to improve in the short term. I suggest everyone lower their expectations, choose coins cautiously, and treat these secondary small-cap altcoins as if they were tier-one dogs. Do not gamble your life on them.