In the past six months, Binance has delisted many old coins with familiar names that were once in the limelight. Unexpectedly, they are now forced to be delisted due to insufficient trading volume.
Inspired by this, I reviewed the TOP20 in the past three years (2015, 2018, 2021, and 2024). Looking at the rotation of the list, I can't help but feel a lot of emotion.
Each round tells a brand new story and blows the bubble of this round. It is a permanent consensus in the financial market that new leeks will not take over the old story, including the hype of traditional finance.
Look at the names that the market once believed in, EOS, DOT, NEM, DASH, BSV, BCH, ICP, FTM, which once became the most beautiful names in the market, may not have their shadows in the next round of the market. A drop of 90%, and then another 90%, seems to have become a common thing.
Of course, if you think you can catch the hot spots like MEME, it is understandable to make profits by entering and exiting quickly. This is indeed one of the few channels to quickly accumulate original capital when crypto is becoming more and more popular. However, this requires you to have an extraordinary market sense and a perfect trading system, which is not something that ordinary people can handle.
But never be moved by the story of any currency other than BTC, and have faith in it to hold it for a long time. This is the most likely way to make people fall into ruin and never get their money back. Entering a bear market, only hoarding BTC (now there may be multiple ETH, and long-term consensus has been established after the ETF), this is often the approach with the highest success rate and the highest return rate.