$BTC Back in the day, Ethereum's Vitalik wrote the white paper at the age of 19, showing countless people the infinite possibilities of blockchain. However, the enthusiasm of the market and idealism will eventually give way to reality, and new game rules in the crypto world are being continuously reshaped by capital, market makers, and project parties.

From the first time in 2023 when I saw that the transaction costs of derivatives were far higher than those of spot trading, the market was filled with harvesting strategies. By 2024, the Rug pull techniques evolved, with new coins harvesting investors in a 'long-term Rug' manner. In the leveraged market, there are even those who can open courses in the market with a 60% contract win rate, bringing a group of followers to open high-multiple positions (I apologize for this, as this person's contract win rate of 60% mostly profits from Bitcoin's rise, and uses low leverage of 2x or 3x. I fed this data to AI, and it seems to be a bull market bug). From October 2023 to November 2024, no matter when you opened a 2x or 3x leveraged long position, it would be profitable. In a one-sided market, direction is more important than short-term win rate. If the market is long-term upward, even with a win rate of only 50%, due to the rise being much greater than the fall, funds can still continue to grow. In the past, I have seen many excellent high-leverage traders with a win rate of over 70%, but they all went bankrupt. I believe you should lower your leverage; a 2x or 3x compound interest model might be better.

The rise of MeMe coins has become an anti-VC movement, but capital has never been the enemy of the market. The real issue lies in how funds are allocated. The pyramid structure has long been formed, with only 0.5% of people able to profit in the long term, while the majority have become fuel for the market.

The market will not pity retail investors, and regulation will not save retail investors. VCs are not demons; the only ones who can truly save retail investors are the retail investors themselves.