This wave of market trends is completely different from the past.

Do you remember the last bull market? Selling Bitcoin at the top, going all-in on altcoins, and just lying there counting money. Would you dare to do that now? Just wait to be buried and question your life. The old strategies have completely failed.

From March last year until now, altcoins have taken nearly two years to trap all believers tightly. Why does no one dare to touch altcoins anymore? Because everyone has been cut and awakened. In the last round, diamond hands made a fortune, but this round has left all diamond hands in losses instead - the market logic has changed.

What is the current state of the crypto market? It's full of traps. VC coins start crashing as soon as they launch; there’s no longer a myth of wealth creation from scratch. The old crypto market is long dead. Just look at these projects now: FDV often in the billions, with circulating supply close to zero, completely distorted monstrosities. VCs and project teams are sharpening their knives in the background, just waiting for retail investors to take the bait and unlock. Only a fool would fall for this.

So some people say it right: if you're unhappy, you can short.

What are those so-called "technology application coins"? They are all just hot air, they should have cooled down long ago. Bitcoin is still Bitcoin, as for the others? Good luck to you.

BTC6.44%

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PessimisticOracle

· 6h ago

You're absolutely right. The previous cycle's playbook is now a dead end, and each VC is more ruthless than the last when it comes to dumping. Honestly, it's better to just focus on Bitcoin. The others are seriously toxic. Everyone who went all-in on altcoins has wised up—they've been stuck for so long they're numb. FDVs in the billions with almost zero circulating supply? That's just ridiculous, a total trap. Rather than betting on those worthless tokens, it's more reassuring to stick with Bitcoin. As for the rest, it's every man for himself.

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CrossChainBreather

· 12-02 06:03

It's the same old rhetoric again; the altcoin market has already been reshuffled, and those still holding on are all in a gambler's mindset.

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ImpermanentLossEnjoyer

· 12-01 14:09

The crypto world really has no salvation, catching a falling knife now means being played for suckers. Last year I was still thinking about going all in to turn things around, but now I realize it was just wishful thinking. The VC coin tricks have been played out, with FDV in the tens of billions and circulating supply at a few dimes, to put it bluntly, it's just waiting for us to fill the pit. Bitcoin is holding up, but the rest really doesn't mean much. The diamond hands from the last round made a killing, and this time, those who stick it out are all losing badly... that's the reality. But since it's so dark, might as well short it, after all, sideways is also death, better to short for some psychological balance. The market logic has flipped long ago, who still believes in that old script? In the past, you could get rich through faith, but now faith will only make you poorer, it's tragic.

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LiquidityNinja

· 12-01 05:42

It hits hard. Last round, those who went all in on altcoins really have lost it all. Diamond hands have truly become dumb buyers this round, it's hilarious. FDV in the tens of billions with circulation close to zero, this is just absurd. VC is laughing so happily behind the scenes. Only playing BTC, for everything else, good luck to you.

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YieldHunter

· 12-01 05:38

nah technically speaking if you look at the data on altcoin correlation coefficients over that timeframe... the ponzi scheme detection got way too obvious tbh

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ImpermanentTherapist

· 12-01 05:32

Really, getting into altcoins now is suicide. I advise everyone to stay calm.

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ContractSurrender