Can you still get rich in the crypto world???
Yesterday's airdrop of Huma, the amount was just a few thousand dollars, and everyone was running around sharing the news, ecstatic.
A few thousand U in the first two years of the industry was barely enough for a gas fee...
This shows how difficult it is to make money right now.
I thought about it.
Why can't most people make money in this so-called bull market, and even lose money?
Let me analyze from a few sectors where I have made money.
In the secondary market, besides BTC, there are hardly any coins that can stabilize above their previous highs.
Coins in the market have seen exponential growth, but looking at individual coins, 90% of new coins are heavily sold off, and there’s insufficient buying power in the market.
Compared to holding coins, it seems like directly shorting results in smaller losses.
For low-quality coins, there was a long period of time to buy in.
From the time we learned about the coin to buying in, and then to takeoff, it usually takes about a month.
Not anymore; now, a coin from launch to promotion to sell-off usually takes just a day.
If many people are getting into a coin and it seems to have a lot of consensus, it's basically already peaked.
It's very hard to push it up again, which is what they call the car being too heavy, because all the buyers have already bought.
When the opening price rises by several times or dozens of times, aside from the big players and promoters, retail investors have no chance to get in, for fear of being dumped on.
Like me, most people have become nervous birds, scared of being dumped on.
The airdrop situation is even more obvious.
You used to hear about a project A7, or even 1M, and in the early days, there was a project that directly airdropped A8.
Now, that’s completely gone; there won’t be those big accounts creating hundreds of numbers for you anymore.
Because there are too many studios, all are professional players now.
The project parties have also become wary.
Moreover, there’s no information gap in airdrop projects anymore.
It’s not like you know something about a project that I don’t.
From the above current situations.
Look beyond the phenomenon to see the essence.
I believe there are several reasons for this.
Firstly, the participants in the industry have changed.
In the early days, it was just a bunch of kids playing Go.
Now, Go masters have come to play.
To put it simply, the previous low-quality coins were mostly friends trading with each other; there were not many people on Twitter.
Now, it’s market makers actively playing low-quality coins; some market makers even cut off the project’s developers.
This is akin to a boxing champion fighting kindergarten kids.
The mainstream coins in the secondary market are now influenced by Wall Street, using stock and futures trading techniques, repeatedly manipulating prices and harvesting profits.
It’s completely different from the previous K-line trends.
They have a professional set of arbitrage methods for market making, making it too low a win rate to compete with them.
Those who chase airdrops are all professional studios; there are hardly any real users left. The industrialized pursuit of airdrops results in project parties no longer issuing airdrops.
Secondly, there’s the information gap issue.
Currently, three sectors no longer have much of an information gap; through Twitter and AI, everyone quickly learns relevant information.
This accelerates the entire process.
The president issued meme coins, and Bitcoin became a strategic reserve for the U.S.
All the people who should have entered have already come in.
The game of passing the parcel has nowhere to go.
Finally, many narratives have been debunked, meaning people no longer believe them.
NFTs, the Metaverse, inscriptions, and GameFi, which were once highly imaginative narratives, have all been debunked one by one.
Including the AI agency narrative during the New Year, which was directly shattered by a 5 million cost from Deepseek.
Currently, it seems there is no longer a pioneer bonus.
It has become normalized.
So under this normalization, getting rich has become very difficult.
Thus, everyone is opting for Binance Alpha, Kaito’s small investment strategies.
Small cost investment, steadily making a bit of money.
I currently also very much approve of this approach.
So the question arises.
Will there still be opportunities to get rich in the future?
I think there will be, and many.
But it requires a recession.
In fact, a recession has already begun.
When the time is right, new stories will emerge.
Stay steady, slowly accumulate capital, and wait for the big opportunity to come!