We need to recognize that altcoins are all empty, so it is better to speculate on purer and higher multiples of empty. This trend will accelerate and develop irreversibly in the next one or two years. There are no new people in crypto now, and almost all the incremental growth on the chain comes from retail investors who escaped from the secondary market. To verify whether this trend is true, you only need to ask the new friends in the various local dog groups you participate in. And this trend is also irreversible, so the most obvious judgment and behavior you should have around this long-term trend is:
1. If you have time, you must invest in the primary market yourself
This round of new things that can bring multiple wealth effects will only appear on the chain, not in the secondary exchange. If you don’t have time to watch the chain every day and want to be a hoarder to enjoy this wave of dividends on the chain, go and buy the big meme that has already run out in the last cycle, such as Dogecoin, because when the group starts to fomo on the meme and the newbies rush in, everyone will know that the first meme is Dogecoin. If you haven’t studied memes, don’t go to the secondary market to pick other ones, almost all of them are fake memes in VC skin.
2. There are only two types of other secondary altcoins that can be bought
(1) Casino chips and Landlord’s Happy Beans, such as ETH, SOL, and SUI, which are public chain tokens
You buy them essentially because you judge that more and more people will come to play on that chain, and the casino business will grow bigger and bigger
(2) Invest in application coins with excellent cash flow and linked to the value of tokens according to stock logic, such as AAVE and Banana, which are doing "casino service" business.
Remember that the token must be linked to the value of cash flow
3. Don’t buy the platform coins of exchanges
Under this trend, the entire track of existing secondary exchanges will be sucked dry, because the incremental traditional funds will enter the market directly through ETFs. If ETH is listed on ETFs, then SOL, TON and other mainstream coins will only be listed on ETFs in a matter of time and whether it is worth it; the existing funds are also constantly withdrawn from the secondary to play on the chain, and the number of people speculating on altcoins in exchanges will only decrease. It is impossible to return to the stage of altcoins flying wildly in 2021 (how can you let the coins with a market value of tens of billions or even hundreds of billions fly).
