When you can't understand, holding onto U will never lead to big mistakes

To be honest, the current price of Bitcoin has basically lost all appeal for retail investors outside the market. It's hard to imagine someone earning a salary of 10,000 yuan buying Bitcoin at 120,000 USD. Ethereum is somewhat appealing, but after breaking its previous high, the appeal of Ethereum above 5,000 has also significantly decreased for retail investors.

Some people might say that retail investors are not needed and that institutions are enough; the US stock market is mostly institutional with very few retail investors. This is true for the US stock market, as it is the most mature market globally, but the crypto space is not like that. Institutions have only recently entered, and it can't instantly become like the US stock market. For example, last night, a small PPI data release caused Bitcoin and Ethereum to drop significantly, while the US stock market hardly moved.

Therefore, this market still needs a large number of retail investors. Institutional participation is increasing, but it is far from the level of the US stock market. A slow bull market like that in the US stock market? Don't count on it. If the US stock market reaches a peak and starts to decline, just wait and see how low Bitcoin and Ethereum can drop at that time.

The point I'm trying to make is that the crypto market still needs to attract a large number of retail investors from outside. The current price of Bitcoin cannot attract retail investors, and the appeal of Ethereum has also greatly diminished after breaking its previous high, while mainstream coins like XRP, ADA, etc., have already risen to high levels. So, to attract retail investors from outside the market, we still have to rely on the explosive growth of small-cap altcoins, especially meme coins. At this time, asking retail investors from outside to study which coins have strong technology is unrealistic. The only thing that could attract them is the explosive growth of meme coins, with daily increases of several percent or even over a hundred percent, rising every day. Coupled with terms like "crazy bull market," "altcoin season," and "get rich quickly," who with a bit of spare money wouldn’t want to come in and give it a try? The final result will always be the same; there are no new stories in the trading market. The process may vary, but the outcome remains unchanged because human nature does not change!