As long as there are still people like this in the market, it’s like a bright lamp—seeing clearly who is cutting whom. Once they disappear, the game is over.

People are still dreaming here, saying that Dogecoin can rise to 1 USD, PEPE can multiply dozens of times, and the most absurd thing is claiming that altcoins are meaningless even if they fall further. Is this really something that a rational person can say?

What is the reality? The project teams behind altcoins sell one coin and earn one. Have you heard of Feather Coin? Those coins on Yuanbao Online back then, 90% of them eventually went to zero. Yet some still blindly call for buying, completely failing to understand the game rules.

Why can’t newcomers enter the crypto world? It’s because the entry and exit thresholds are too high. During last year’s bull market, not many fresh blood entered, let alone now during the decline. Without new entrants, institutions have to profit from the old chives.

Are those altcoins really being dumped by retail investors during big drops? Wake up—it's capital moving from one hand to another. They subtly induce you to add to your position, then finally pull the old chives out of the dirt.

BTC is still BTC, with stable market logic. But altcoins are different; in two or three years, a new batch can be forged, as it’s a game with almost zero cost.