Currently, Bitcoin has reached 120,000, and Ethereum has risen to 4,300, but the market is not jubilant; instead, the sentiment is cold.

The reason is that most people missed the opportunity, while some hold onto altcoins that they chased high earlier, which have yet to break even and have even suffered huge losses. Missing out stems from 'inertia of thinking'—the main players have spent two and a half years cultivating retail investors' awareness: Bitcoin rose from 15,000 to 120,000, but Ethereum tends to drop after rising, especially after the significant drop in April this year, which has caused retail investors to 'hate it to the bone'. Anyone who expresses optimism is attacked; I am also a victim.

Therefore, when Ethereum dropped to 1,400, the market was completely disappointed; any slight increase during the rise led to selling. From 1,400 to 1,800, then to 2,800, people doubted time and again, and now it has reached 4,300. Many investors always judge based on the current market conditions, concluding that Ethereum's poor past performance indicates a bleak future, which is precisely 'carving a boat to seek a sword'.

Investment is fundamentally about investing in the future. What everyone sees now is the same; however, the financial market competes in insight into what others cannot see, filtering out the current surface. By understanding the industry and picking up on subtle hints in the market, one can predict the future. The market's coldness is partly due to everyone focusing on Bitcoin and its ecosystem and missing out on Ethereum and related fields. On the other hand, those holding altcoins see Ethereum reach a new high while their own coins have yet to reach last year's peak, leading them to doubt and even regret not buying Ethereum, worrying that when a correction occurs, their altcoins will plummet, and they are torn about whether to sell.

My viewpoint is: after Ethereum rises, valuable coins will surely follow, but not all of them. The key is whether one can anticipate the upcoming hot sectors and coins, distinguishing between what to buy at the bottom and what to avoid at high levels. When Ethereum was not rising, did it not also face skepticism from many? Now, the pessimism towards altcoins may not indicate their incapacity, but perhaps a failure to understand the future direction.