The altcoin season index continues to hit new lows, yet the pace of new releases has not stopped. When will there be a comprehensive surge in the altcoin season? Only a significant influx of money could make it possible; the risk market is saturated before spilling over into higher-risk markets.
When the growth rate of the risk market cannot keep up with the increase in money, it will naturally flow into more volatile markets. So, is the altcoin really a scam?
I don't think so. If it were you, with a large asset volume and no high returns, you would also choose the top performers, because no one wants to take on greater and uncertain risks. [And the current market distribution is: traditional finance (low-interest principal protection), risk finance (gold, platinum, leading stocks, or including BTC), speculative markets (various small stocks, small coins)]
The current market is in this state, and the economic environment is similar. When making money becomes difficult, what everyone fears most is losing money.
Perhaps at some stage in the future, when there is a significant influx of money, you will see that making money becomes very easy, with water overflowing and celebrations everywhere, and the altcoin market thriving. So, the blame should not be on the market, but on the different environment we are in.
The stage that best reflects "having liquidity" was the NFT boom of that year. Back then, even a junk image could be traded for tens of thousands, or even hundreds of thousands of dollars. Why did some people dare to play with worthless images? Simply put, there was too much money with nowhere to spend, and the altcoins that multiplied several times a day could no longer satisfy them, so they pursued NFTs that multiplied by hundreds or thousands a day.
The logic is the same: when liquidity is abundant, everyone seeks higher returns; when liquidity is tight, the goal shifts to earning less but not losing.
I have previously written that I turned my fortunes around through the altcoin market. Many people's opportunities may have to wait many years, and before they arrive, all one can do is lie low, survive, and wait.
When new things appear, trying and making mistakes within one's capability is an effective way to offset costs. No one knows what the future holds, whether it's US stocks on-chain, RWA, or public chains, L2.
Please refrain from comments like "Brother Gangzi is not talking about the present," "the fate of altcoins is to go to zero," or "why don't you go all in and buy". The current situation may not be friendly, but it doesn't mean there won't be opportunities in the future. When the day of opportunity comes, I will naturally act.
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