Bitcoin has skyrocketed in recent years, while Ethereum and other altcoins have plummeted! Why is there such a big difference? To put it simply, altcoins are just 'money traps'; dreaming of getting rich through them is nothing but a pipe dream!

Let's start with Ethereum. The much-hyped '2.0 upgrade' was supposed to solve issues of congestion and high transaction fees, but as of now, the transaction speed is still excruciatingly slow, and the network frequently gets congested. Although Gas fees have dropped a bit, it’s still worrisome. DeFi projects are constantly being attacked by hackers, and users' money can disappear in an instant. The price has been halved from its peak in 2021, now sitting at just over $2000, which is less than a fraction of Bitcoin's market value.

Now let's look at other altcoins; 99% of them are worthless tokens, and the remaining 1% are outright scams! You can launch a coin by just assembling a team; the white paper is full of loopholes, and before long, the price falls below the initial offering price, with the project team running off with the money. Trading platforms even collude with manipulators to fleece retail investors, first inflating the price to create a false impression, and as soon as retail investors enter the market, they crash the price and run away. The previous 'Euro-Asian Coin' scam affected over 3000 people.

Why is no one playing with altcoins anymore? Institutions only recognize Bitcoin, with ETFs attracting $41.7 billion in a year; altcoins do not catch their eye at all, and it's all retail investors making random moves. Moreover, retail investors have been hit too hard, with the number of active accounts plummeting; even if the price suddenly rises, it’s just manipulators luring them in to dump their holdings, and in a few days, it drops back to the original state.

Playing with altcoins is riskier than gambling! Legally, there is a severe crackdown on virtual currency trading domestically, and funds can be frozen at any time; technically, wallets can be hacked, and contract vulnerabilities are hard to defend against; prices can be manipulated at will by traders, with a single tweet from Elon Musk capable of causing Dogecoin to surge or plummet, making it impossible for retail investors to compete.

Take this advice! Stop fantasizing about 'altcoin surges.' Bitcoin at least has scarcity and institutional backing, while altcoins are nothing but 'the emperor's new clothes.' If ordinary people really want to invest in cryptocurrencies, choose Bitcoin and steer clear of altcoins, or you will inevitably lose all your money! If you find this useful, share it with your friends, and let's discuss your views in the comments section! #山寨币热点