#美联储降息 What are people losing money thinking during a bull market?

In this round of market, the opportunities to make money have indeed increased — but at the same time, it tests people more. The era of blindly buying coins and getting rich overnight is gone for good. To extract value from the market now, you need some real insights.

Where is the money flowing?

**First change: The strategies of big funds determine the direction**

Wall Street institutions are entering through spot ETFs, with a logic of long-term allocation over 3-5 years. If you're still trying to make quick profits from intraday fluctuations, it's very difficult to get a piece of the pie in this era. Long-term holding of mainstream coins (Bitcoin and Ethereum), combined with staking yields, often surpass traditional financial products — making it a lower-risk approach.

**Second change: "Useful things" become hot commodities**

DePIN projects have simple and straightforward logic — purchase hardware, share bandwidth and storage space, and earn tokens daily. This is no longer pure speculation but a real exchange of user-contributed value for rewards.

AI computing power and data projects are also gaining attention. On-chain projects that provide computing resources for AI training are rapidly increasing in valuation — these are genuine application demands.

The RWA (Real World Asset on-chain) track is also worth watching. Tokenizing traditional assets like real estate and bonds offers predictable returns and is suitable for conservative investors.

**Third change: Traditional strategies can still make money, but the threshold is higher**

Participating early in new projects and DeFi liquidity mining still exist, but require stronger professional judgment. Both risks and rewards are amplified. Conversely, conservative strategies like holding mainstream coins and staking tend to outperform because of their large base and long duration, leading to compound interest effects that often exceed expectations.

Why are you still not making money?

Ultimately, a few points:

1. The market has evolved, but your understanding is still stuck in the last cycle. Dog coins and pump-and-dump schemes have long been avoided by savvy capital.

2. Unstable mindset. Selling during dips and taking losses, FOMO chasing during rises — never getting the rhythm right. Investors like this find it hard to make money in any market.

3. Investing with money you shouldn’t use. Throwing in living expenses and emergency funds, then panicking at just 10% pullbacks, makes it impossible to hold anything.

In one sentence: this market always rewards those with less cognitive gap and takes money from those with bigger gaps. Now, that gap has just widened.

Want to keep surviving in this market?

It’s actually very simple —

Use spare funds, don’t go all-in. The amount of loss you can psychologically withstand should match the size of your investment.

Spend time understanding the logic of new tracks — don’t just look at candlestick charts. How DePIN works, the risks of RWA, the real application scenarios of AI projects — these are all worth studying.

Make long-term plans of 2-3 years. Any expectation of getting rich overnight will push you toward high-risk decisions. Those who get rich in crypto often do so because they stick around long enough through certain phases.