Recently, many people in Alpha have faced backlash, but everyone is still persevering. I summarized the reasons.
Mindset
Expectations of high returns and survivor bias
Its performance (being attracted by past or occasionally high-return projects, believing opportunities still exist. Although average returns have declined, there are still occasional airdrop projects that can bring in hundreds of dollars in single numbers. Users will expect to be the next lucky one and recover their investments.)
Avoiding sunk costs
Its performance (unwilling to let the time, energy, and money previously invested go to waste. Users mentioned that because "they have already invested 200 in sunk costs, giving up would mean all is wasted.")
Changes in the competitive environment
Its performance (fewer participants, competition may ease, bringing new opportunities. There are views that when a large number of users exit, the points threshold required for participation qualifications may be lowered, making it easier for those who remain to obtain rewards.)
Platform mechanisms and 'FOMO' emotions
Its performance (driven by the platform's rule design and community atmosphere. The points consumption rules and 'first come, first served' airdrop model, along with the success stories spread within the community, create a 'fear of missing out' mentality, driving users to continue participating.)
If you are also considering whether to continue participating, or want to view this activity more rationally, you can refer to the following suggestions:
· Acknowledge risks and rewards: It is important to recognize that the returns from alpha activities are no longer as widespread and generous as they were in the early stages. Analysis indicates that the current model, after nearly half a year of continuous subsidies, is approaching its limit, and ordinary players may face losses. Risk control must be prioritized.
· Improve personal skills: During market downturns, the element of luck diminishes, and the comprehensive abilities of participants are more evident. Some suggest that users need to enhance trading efficiency, optimize strategies, and develop the ability to assess project value.
· Maintain a positive mindset: View participation as a strategic behavior that requires continuous learning and optimization, rather than a surefire shortcut to profit. Good fund management and patience are essential to grasp opportunities when they truly arise.
In summary, many people persist not because they cannot see the current situation, but based on complex psychological expectations and strategic calculations. Importantly, you need to make independent judgments based on your own circumstances and risk tolerance.