2025-12-30 04:22:37

The cryptocurrency market is undergoing an invisible shift.

Recently, I discussed the market with a seasoned investor, and he said he plans to gradually reduce his holdings after this bull run, with a very straightforward reason—good opportunities seem to be becoming increasingly scarce. It sounds reasonable, but my view is entirely the opposite. The issue is not about the end of the bull market, but that the era of "easy money" has completely passed.

The rules of the game are being rewritten.

In the past, telling a story or finding a concept could attract capital and hype. Now, the market is becoming more selective. It cares more about genuine demand, whether there is actual cash flow, whether products have real users, and if they can connect with the real world. Projects that rely solely on narrative to sustain themselves are facing cold reception one after another. This is not cruelty; it’s maturity.

Of course, speculation will not disappear. Short-term hot spots and various small tokens still exist, but their roles are changing—from once being "industry dividend carriers" to gradually becoming "pure gambling tools." This redefinition may sound cold, but on the other hand, it reflects the market’s rationalization.

The previous MEME craze has already sent signals. Simply copying yesterday’s successful formula makes it very difficult to reap dividends again. This is not about luck, but about participants continuously evolving. Through rounds of practical testing, everyone is building a more calm and pragmatic judgment system.

Therefore, I tend to see the current moment as a watershed.

The crypto market is completing a transformation of identity—from an emotion-driven speculative arena to a value-oriented market. The bull cycle itself will not disappear, but it will favor those who understand how to evolve with it and genuinely commit to creating value. Conversely, those still fantasizing about quick riches and refusing to adjust their mindset will gradually feel that opportunities are diminishing.

The era is conducting a filter.

MEME-0,23%

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ForkItAllDay

· 15h ago

The era of easy money is over, and this is the truth. Those projects that only told stories should have already faded away. --- All those MEME projects have crashed, do you still want to copy? Wake up. --- Projects with actual cash flow and real users are the way to go; everything else is gambling. --- The differentiation will be very obvious; only a few projects will survive, most will still be cannon fodder. --- That's correct, but the problem is... most people can't tell which projects have real demand and which are just bragging. --- Market rationalization? I think most people are still dreaming. --- Wait, this logic seems to be reversed... there are actually more opportunities because the trash projects have been eliminated. --- The simple and crude speculative era is indeed over; now we need to truly research projects. --- Filtering is correct, but don't overestimate the rationality of this wave; emotion-driven trash coins are still soaring.

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SchrodingerWallet

· 15h ago

The era of passive income is over, and this time it looks like it's really going to get competitive. It seems I need to study projects carefully now, or I might really get filtered out. That's right, coins that only tell stories are indeed getting less and less attention. I feel I need to upgrade my judgment system, or I will keep losing. I missed the MEME wave, and now I need to be more cautious in my selections.

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Degen4Breakfast

· 16h ago

The era of passive income is over, this statement is spot on. At first, I wanted to argue, but now I think it's true... Projects without real demand are indeed being淘汰ed. MEME coins are starting to compete fiercely; simple copying no longer has a future.

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GasFeeTherapist

· 16h ago

The era of lying down and making easy money is over, I agree with that judgment. But the real question is, how many people still genuinely want to create value now? Most probably just want to take a gamble. --- You're right, but it feels easier to say than to do. The narrative is dead, so what's the next narrative? There has to be some dreams, haha. --- I like the term "watershed," but are the ones filtered out this time really elites or players who can't keep up? --- The lesson from MEME is a bit deep, watching others make money while you're still thinking about copying... It's definitely time to wake up. --- That's a high-level way of putting it, but the market is just the market. When emotions aren't driving it, how can retail investors survive? --- The idea that opportunities are fading sounds a bit harsh, but on the other hand, what is meant to come will still come.

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Web3ExplorerLin

· 16h ago

hypothesis: the market's oracle network is finally catching up to reality... and honestly? it's brutal watching narratives collapse when they hit the blockchain.

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