2026-01-02 01:21:33

Bitcoin and Ethereum currently show a rebound trend on the technical side. I still hold long positions and haven't exited during the high volatility. Based on the technical framework I shared before, the logic remains unchanged. Friends who want to understand the details can review my past analyses.

Today, I want to discuss a more interesting topic—what has the crypto world become in these two years?

It seems that a certain former U.S. president issues a new coin about once a year. The tokens from last year's cycle haven't gained much popularity yet, and now there's a new round this year. Honestly, the crypto space has somewhat turned into a quick fundraising ATM, with project teams packaging something simple and rushing to launch. This is also why the era of copycat projects has completely ended. Looking at current projects, most are just schemes to raise money, with very few genuinely aiming to build ecosystems or contribute to development.

Back in the day, a founder of an exchange pointed out that many projects are essentially just fundraising efforts. Removing listing fees would only make these players more reckless. My view is that exchanges should tighten the listing fee standards for these copycat projects, making the fees higher. This would naturally filter out a lot of junk projects and protect retail investors from falling into traps.

What the market needs is positive feedback—projects that truly deliver value should be incentivized, while money-grabbing projects should be kept out. That’s the way to a healthy ecosystem.

BTC1.46%

ETH1.57%

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NFTRegretter

· 5h ago

The cryptocurrency circle has really taken a turn in the past two years, with scams everywhere and more and more retail investors getting caught in the crossfire. --- Holding onto assets during high volatility, you're really brave. I sold off early and exited. --- You're so right. Canceling listing fees is like releasing tigers back into the mountains, and trash projects are even more rampant. --- The "Shanzhai season" is over, and it's not without reason. Now it's all套路盘, are there any genuine projects still being built? --- That person who issues tokens once a year is truly incredible, each one more outrageous than the last. --- Exchanges should learn to say no; not everything should be listed. Protecting retail investors is more important than anything. --- The idea that the crypto world has become a cash machine hits hard. Most projects are essentially just money grabs. --- Technical rebound? To me, it looks more like a trap for a rebound. Exiting at high points is the way to go. --- The logic of positive feedback is correct. Survival of the fittest is necessary for a healthy ecosystem, but now everything is reversed.

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0xSherlock

· 5h ago

Holding long positions at a high level, this mentality really can't hold up... I already ran early, anyway this rebound doesn't have much investment logic, it's all political coins leading the rhythm. Project teams are coming out one after another to harvest the leeks, and exchanges still pretend not to see it, it's really ironic... Listing fees should really go up, the current low threshold is just encouraging trash projects. Retail investors are still bottom-fishing on shanzhai projects, it's really time to wake up.

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CommunitySlacker

· 6h ago

Honestly, the crypto world is now just a fundraising competition, and the projects that actually do things are rarely noticed. I agree, increasing listing fees can indeed filter out a lot of trash projects. This is the logic of good money driving out bad money; no exchange wants to do that. Are you still holding long positions? I already cut my losses long ago. How can you grasp the volatility? The former president's way of issuing tokens really needs regulation; there's a new trick every year.

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ThesisInvestor

· 6h ago

Still holding onto the long position at a high level, this rebound is indeed quite interesting. In the crypto world, it's all about the track; whoever packages themselves well gets the funding, while those truly building are pushed out. The removal of the listing fee has actually encouraged those financing brokers. If exchanges were a bit more strict, they could save many retail investors from tears. Achieving a healthy ecosystem isn't easy; someone has to dare to refuse money. I think the threshold should be raised so that trash projects naturally have no place to survive. The former president's one-coin-per-year approach really couldn't hold up; this is the current taste in the crypto world.

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ClassicDumpster

· 6h ago

A high-level fluctuation is just a shakeout, don't panic. To put it simply, the current crypto market is just a fundraising conference, with project teams taking a cut and then running. The former president coin is really impressive; the hype from last year has cooled down, yet they dare to run another round. The decision to cancel the listing fee was really shooting oneself in the foot; garbage projects are becoming more and more unscrupulous. Exchanges should learn to say no; higher fees aren't a big deal, and they can actually protect retail investors.

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