Recently, many people have asked me why I used to frequently share altcoin opportunities but now rarely mention them. To be honest, the market has changed quite a bit over the past two years.

Looking back at the current situation, it becomes clear. Many small coin projects now vary greatly in strength, and their funding scales are not comparable to before. Consider those projects that have surged 10x or 100x—how many retail investors actually bought in at the bottom? Not many.

The key issue lies in the concentration of chips. Project teams build up positions aggressively at the bottom, controlling over 90% of the chips in one hand, then start to manipulate the price to lure retail investors into buying. But they don’t necessarily need to push the price to a very high level to trigger a liquidation; a more common tactic is—after pushing the price to a relatively high level, they let it stagnate, using fluctuations to continuously collect trading fees. Retail investors, caught in this oscillation, see their funds gradually drained, and eventually, their positions are exhausted.

Therefore, my current advice is: instead of chasing those high-risk small coins, it’s better to focus on Bitcoin and other mainstream cryptocurrencies. The market game is so complex that there’s no need to always be the one getting liquidated. Steadily accumulating assets will ultimately lead to a better outcome.