2025-12-28 10:22:15

The common pattern of altcoins this year is really heartbreaking—launching at the peak, then continuously declining. This phenomenon reflects a harsh reality: the pricing power in the primary market has completely detached from the actual capacity of the secondary market.

Simply put, this is how it is. Project teams directly push the valuation to the maximum during the primary fundraising stage, leaving retail investors in the secondary market with no reason to participate—there's no cost-performance ratio. This is not traditional harvesting; it fundamentally cuts off opportunities for small investors.

The game rules have now changed: institutions and big players in the primary market eat the meat, while retail investors in the secondary market get nothing—forced to take the bad end of the deal from the start. The market is not short of money; what is truly lacking are project teams willing to leave some profit margin for secondary investors.

Ultimately, besides Bitcoin, Ethereum, and other truly hard currencies, most other coins have essentially become pure gambling games. Those who believe will lose, and those who don't believe will also lose.

BTC0,41%

ETH0,74%

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SchrodingerAirdrop

· 14h ago

Level 1 goes live at full health and immediately dumps the market. I've seen this trick so many times before. The ones who always suffer huge losses are us secondary investors, in other words, the retail investors who are just pre-ordering. When the project team inflates the valuation to the maximum, retail investors don't even have a chance to participate. What's the point of playing? Apart from Bitcoin and Ethereum, everything else is a gambling game. Anyone who believes otherwise is doomed. Pricing power is completely misaligned; Level 1 gets the meat, Level 2 gets the dirt, and the ecosystem is distorted beyond recognition. This is the current state of the crypto world—big players laugh to the bank, small investors cry all the way home.

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All-InQueen

· 14h ago

It's a feast for the primary level, and we're just the big fools at the secondary level. --- Here we go again, as soon as it goes live, it skyrockets, and then it's just waiting to cut the leeks. --- If there's no profit margin, who would still play? It's getting more and more exaggerated. --- Apart from Bitcoin and Ethereum, everything else is a gambling machine. --- That's why I only watch now and don't buy. It's fucking disgusting. --- Primary level eats the meat, secondary level drinks the blood; the rules are just so damn fucked up. --- Bitcoin and Ethereum are truly the only decent investments; don't touch the others. --- Exactly, the cost-performance ratio has already broken down. --- Small investors are really being systematically cut, there's nothing they can do. --- Buying new coins now is just giving away money; I've learned to be smart.

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LiquidityLarry

· 14h ago

Forget it, these days retail investors have nothing to do with it --- First level gets full, second level comes to take over, this routine is already worn out --- Besides BTC and ETH, everything else is a big trap --- Goes to the peak immediately after launch, then all are dives, what's the point of playing --- After institutions finish cutting the first level, it's our turn, cycle repeats --- I don't look at projects with no profit margin, it's a waste of time --- Basically, it's a gamble, the wins and losses are decided long ago --- What’s the point of current coins in terms of cost performance? I don't even want to listen

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AmateurDAOWatcher

· 14h ago

I've seen through it long ago, the valuation is ridiculously inflated First-level investors take the profits, second-level investors get stuck with the losses, this game is played so skillfully The crypto world is now just a casino, nothing else Institutions take their profits and run, retail investors end up as the big fools Besides BTC and ETH, everything else is just air This market should have been reshuffled long ago, it's so disgusting

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DegenGambler

· 14h ago

First level is full, second level is just the bag holder. This trick has been played out long ago. --- Coming again? Besides BTC and ETH, everything else is a big trap. --- That's it, retail investors are still dreaming of doubling their money, but they've already locked in their positions. --- It's really heartbreaking; reaching the peak immediately after going live is truly incredible. --- I really don't understand why anyone still dares to chase these knockoffs; it's completely gambling. --- No more cost performance, no more sense of participation, only leaving to harvest the leeks.

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TrustMeBro

· 14h ago

I've been tired of it for a long time; the primary level is all about scams, and the secondary level is just a big fool's game for those taking over. Honestly, now besides BTC and ETH, everything else is trash. This is the current state of Web3; retail investors will always be the last to get squeezed. The price peaks immediately after listing, how is this pattern so accurate... Institutions take their profits and run, leaving us small investors to suffer. It's 2024, and some people still believe in altcoins, it's hilarious. The game rules have already changed; we just haven't realized it yet. Instead of blaming others, might as well go all in on BTC. The gap between primary and secondary levels is the gap between the rich and the poor. Having seen enough of this routine, next time just pass on all new coins.

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