Trader: The altcoin market has become a pure PVP game, and holding long-term is worthless.

Odaily News Traders such as Hanbalongwang stated that the crypto market is an “absolute negative sum” PVP game, where most alts do not generate any real value, and wealth relies solely on external capital. He pointed out that BTC has been hitting new highs, while the ceiling for alts is getting lower and lower, from the People and ORDI of 2021 to the current Binance Life, with popularity and market capitalization decreasing in a cycle, “I believe the fools who trust alts have been played for suckers.” He believes that wealth in the crypto world is constantly transferred between players at different stages, leaving only the smarter speculators in the end. He emphasized that holding alts for the long term is meaningless, “limited rise, bottomless fall,” and real profits come from hot speculation and the “opportunity to pick up corpses” during Black Swan Events. In his view, the essence of the crypto world is still a casino, with almost no long-term value outside of mainstream tokens and platform tokens.