Why is it so difficult to make money in this bull market?
The current crypto world is completely different from what it was before 2021. After the approval of ETFs, this place is no longer a paradise for retail investors, but rather the domain of institutions, quantitative teams, and top smart individuals. In the past bull markets, buying a small coin casually could double overnight; but now the game has completely changed—when you buy, it drops; when you sell, it immediately rises; when you think about averaging down, it traps you with another twenty percent loss—that's the trick of quant trading. The money you lose becomes permanent profit for them; they either convert it to Bitcoin or withdraw it directly, and they won't stick around to hold it with you.
Why do retail investors feel it's so difficult now? One reason is that the market is increasingly fragmented. There are too many coins and new projects coming out every day, scattering retail funds everywhere. When one person buys $100, it may not seem like much, but multiplied by millions of retail investors, it becomes a large pool. The problem is, these new coins are essentially worthless; when you exchange your U for them, what you get is still air; and when you try to convert that air back to U, sorry, you can only sell at a discount, and the price changes every day. They take the U away and will never invest it back to increase liquidity; instead, they use it to buy wealth management products or convert it to stable returns.
So as a small retail investor, the only thing you can really focus on is the K-line that everyone can see. News? That’s just a setup that others have already established, and by the time it's released, you are the last one holding the bag. It's not just ordinary people; even Trump is playing the trading game, and small retail investors have basically no chance to confront these top institutions head-on.
Institutions play psychological warfare; they understand retail investors' greed and fear better than you do. When you hold on, they wash the market; when you learn to play the swings, they play the trends, leaving you either missing out or buried. The only things that could be considered 'fair' might be BTC and ETH, because their size is too large, and the cost of manipulation is high, making them not easily swayed by individual traders. Other altcoins are basically premeditated games by the manipulators. Before you buy, the manipulators have already set their traps; if you chase after seeing a rise, you will end up losing everything.