After more than a year of navigating the cryptocurrency market, I have gained a deeper understanding of the ecosystem in the crypto world. Looking back over this period, I found that I rarely recommended emerging tokens, but instead always focused on mainstream coins in the market, such as Bitcoin, Ethereum, Solana, XRP, TRON, DOGE, Frog Token, Uniswap, Litecoin, ChainLink, Sui, Bitcoin Cash, Cardano, and Binance Coin.

This cautious attitude stems from an unpleasant experience. Influenced by certain opinion leaders, I once recommended a new coin called ENA, and as a result, I faced severe criticism. Since then, I have become even more cautious about recommending some established tokens.

In the current bull market, it is difficult to see any new coins standing out. Most newly launched tokens often become tools for harvesting profits. The once idealistic spirit of blockchain seems to have been cast aside by project teams driven by greed. The current cryptocurrency market resembles a game of deception and money-making.

Unfortunately, even some high-level political figures are involved in issuing tokens to exploit investors. In such an environment, it seems a bit unrealistic to expect project teams to embrace the dream of changing the world.

From an investment perspective, while mainstream altcoins also carry risks, as long as one does not chase prices at their peak, the likelihood of being trapped is relatively low, and there are still opportunities for recovery in the future. In contrast, once non-mainstream tokens are trapped, they often equate to going to zero.

As an opinion leader, I believe that not casually recommending tokens is already accumulating good karma. There have been projects that claimed to invest billions of dollars, such as Filecoin, Polkadot, Optimism, and Arbitrum, which ultimately left people very disappointed. These experiences have given me a strong aversion to emerging public chain projects.

I am not sure if this means my thinking has solidified, or if I am truly afraid of those irresponsible project teams and speculators. But it is certain that in this complex and ever-changing cryptocurrency market, staying clear-headed and cautious is more important than blindly following.