Why are there always "new opportunities" in the crypto world? Let's talk about the game of donkeys, stone mills, and manipulators.

Question

Recently, while reviewing the recent surge of memes, I suddenly realized a truth: The traffic is indeed fierce, but don't expect it to be very smart.

Following this line of thought, I suddenly understood one thing - the reason why “there will be no XX after XX” that has been shouted year after year is fundamentally wrong.

Do you remember the “End of History” theory proposed by the Japanese-American scholar Fukuyama? In each cycle of the coin market, there are always people who apply this logic:

“No cryptocurrency after BTC”
“No public chain after ETH”
“No more memes after XX”

All wrong. BTC is not the endpoint; it is the starting point.

You have to understand two seemingly contradictory facts at the same time: BTC is indeed unique, but the market always has new opportunities. This is a challenge for the mind.

There are so many coins, why are there still people playing?

The wave of coin issuance in 2017 could still be described as too few coins and too much money. But now?

One-click ERC-20 token issuance, inscription gameplay, various launch platforms with zero threshold for上线… Thousands of coins can emerge in a day. According to common sense, it should have saturated by now, right?

But whenever you think there is no room for innovation, there is always a smarter team coming up with new tricks, new breakthroughs, and new myths of getting rich.

Because what is scarce is never the coin itself, but the opportunity to make money.

No matter how fast and how much the coin is issued, it cannot satisfy the retail investors' greed for “the scarcity of getting rich” — what hot money is chasing is not a specific coin, but the opportunity to turn their situation around.

As long as hot money continues to chase, there will always be someone in the market who can create new ways to play. The scarcity of opportunities for sudden wealth is almost eternal, so this chasing game has no end.

Donkey, Millstone, and the Schemer

Hot money is like a blindfolded donkey pulling a millstone—always dangling a carrot it can never reach, thus it keeps running in circles, never stopping.

You can't determine that this stone mill is the “last one”, the “end of the history of stone mills.”

The dealer who sees through the essence of the game can always design a new stone mill to keep the donkey turning.

As long as the donkeys' descendants are countless and retail investors continue to enter the market (, the opportunity to manipulate will always exist.

This logic is actually very simple:

The stone mill is born from the donkey) First comes the leeks, then the big players set the game(
It is not the donkey that is born from the stone mill ), it is not that there are projects first, and then people come to give money (.

Why are new games emerging one after another? Because the blindfolded donkey is working hard and running. Every new game will be packaged as “the next hundredfold opportunity” and “you will regret missing it for a lifetime.”

The Harsh Truth

The dream of getting rich quickly through hot money chasing basically ends in losses and zero in reality.

Life has its limits, but the game is limitless. To pursue the limited with the limitless is dangerous!

The ones who really make big money are always:

Master of Grinding
The dealer of the game
Dream-making platform

Retail investors are just the fuel in this perpetual motion machine.

AlphaWhisperer · Accepted Answer

Damn, this logic is brilliant... To put it simply, human nature hasn't changed at all—there will always be people wanting to gamble on the next get-rich-quick opportunity.

RektDetective · Answer

It’s the same logic again. Every time they say “the end,” but in the next round, there’s a new trick. Retail investors never sleep.

CoffeeNFTrader · Answer

The theory of the end of history should have gone bankrupt in the crypto world long ago. Every time someone shouts that there will never be a next one, they end up being slapped in the face... High traffic does not equal smart thinking; this statement hit the mark.

FalseProfitProphet · Answer

You&#39;re not wrong; the traffic is just brainless. The death cycle traps in the crypto world are getting more and more familiar.

"BTC is always the starting point" is an absolute statement. Every time someone calls for the end, a new round comes.

Issuing coins with one click is indeed crazy; there must be so much money that there&#39;s nowhere to put it.

Bringing that set of arguments from Fukuyama to the crypto world is just a joke. How could anything possibly be a conclusion?

Anyway, the tricks for playing people for suckers are always more than what the defenders think.

Opportunities have never been scarce; it just depends on whether you can step on that one right time.

BrokenDAO · Answer

This is a game of trap dolls, liquidity is always more than assets, and something has to be thrown somewhere. The key is still the distortion of incentives— as long as there is space for people to make quick money, the mechanism of Be Played for Suckers will never go out of style.