2026-01-20 20:22:56

Do you remember the wealth creation myths of the crypto world in those years? From the legendary rapid riches to today's chaos, where did things go wrong?

Once promising projects gradually turned into tools for harvesting retail investors. Exchanges, project teams, and whales form a利益共同体 (interest community), listing reviews become a mere formality, and retail investors are defenseless. After a market cycle, accounts go from full positions to completely cleared, and funds have long been缩水到惨不忍睹的地步 (shrunk to a heartbreaking level).

The root cause of the problem is simple: information asymmetry is too great. Institutions and whales hold the initiative, while retail investors are always late to react. From cognition to action, they often end up being the ones harvested. Those platforms claiming to "democratize finance" are, in fact, just old forces in new clothes.

The market is becoming increasingly chaotic, not because of luck, but because the game rules themselves are unfair. Once the scythe swings down, there’s no time to react. When everyone is harvesting, the only way out for retail investors is to stay vigilant—stay away from projects filled with false promises and choose trading environments with higher transparency and more robust mechanisms.

The warning bell has already sounded; it’s time to wake up.

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MetaReckt

· 9h ago

To be honest, I'm already tired of this routine of cutting leeks, and I've cleared out my coins long ago. It's just information asymmetry; we're always the last to know. Don't expect any fairness. Those still daring to go all-in now, your courage is commendable, brother. This round is really fierce. Alright, better to be cautious, there's no harm in that. Still dreaming of getting rich overnight? Wake up, the odds are not on our side at all. The rules are completely broken, but what can we do? We can only be more cautious ourselves.

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BearMarketSunriser

· 9h ago

In short, information asymmetry is the life-and-death line; retail investors have no chance. --- Same old story, what's the point of waking up? Just keep sleeping haha. --- Really, it's always a delayed realization. By the time I see the news, the market has already dumped. --- Institutions got in early, and only then do we realize this thing exists. This game doesn't give retail investors any reaction time. --- Sounds right, but we still have to play. Not playing would be even more亏. --- It's true that the rules are unfair, but the key is what we do. We can only be more cautious in selecting assets. --- The process of cutting leeks has become very familiar, but unfortunately, new leeks keep entering each round. --- High transparency exchanges are not many, in the end, they are all similar. --- It's really a mess, but if you say who made money, some did. It all depends on whether your eyesight is sharp enough. --- Alarm bells? They've been ringing for a long time, but no one listens.

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MetaDreamer

· 9h ago

Basically, it's just information asymmetry; we're always a step behind. I've seen through it long ago. Now I only focus on on-chain data and on-chain wallet flows. The chaos is real, but those who are sober have long since changed their strategies. Those still chasing highs and selling lows are the ones who truly haven't figured out how to live.

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