Why is it getting harder to make money in the crypto world?
I really feel that making money in the crypto space is becoming increasingly difficult.
Don't talk to me about “long-termism,” “value investing,” or “trend trading” – those grandiose phrases.
Just look at those who made big money; who among them didn’t take off riding the wave of the times? Those who entered in 2017, closed their eyes and bought ETH, BTC saw their investments multiply by hundreds; when the bull market came in 2020, casually jumping into DeFi, grabbing airdrops, or NFT monkeys made them wealthy.
Now they sit in front of their screens, seriously spouting “mindset, compound interest, discipline, value investing,” as if they are philosophers, but they forget that their wealth was earned through a violent gift from the era.
I’m not convinced. I admit I’ve lost money, I admit I’ve been liquidated, I admit I owe money. But I refuse to accept that they, who earned dividends through favorable timing and circumstances, are now teaching us newcomers about “long-termism.”
If it really depended on “mindset” and “cognition,” then why didn’t we see them bottom fishing during the bear market?
What is today’s market? Robots, market makers, and institutions dance together, the order book is as deep as steel plates, and liquidity is completely sucked away by black holes. We ordinary retail investors can’t even create a ripple.
In the past, trading crypto was “fight for it, a bicycle turns into a motorcycle”; now trading crypto is “if you’re not careful, the motorcycle turns to ashes.”
Every so-called “value buying point” has become an entry point for the manipulators. Every person talking about “trends” hides behind quantification, capital, and information disparity.
They say: “You need to be calm, don’t be emotional, don’t chase highs or sell lows.” Laughable. That’s because they already have their positions filled. Of course, they can afford not to be anxious. But we are different. We stand on the edge, watching the market waves rise and fall. If we don’t enter, we have nothing; if we do enter, we may lose the initiative in trading because we didn’t accumulate enough positions early on.
As the Matthew effect gradually consolidates resources and technology towards the strong, we retail investors need to learn to transform from being a farmer amidst a land of gold into a sophisticated speculator strategy.
There are still opportunities to cross classes in the crypto world; it’s just that the cake is being divided among those with greater ability and perseverance.
