Current State of the Cryptocurrency Market: A Tangle of Confusion and Uncertainty

1. Long-term Holding: The Agonizing Wait

• Bitcoin: Although stable, achieving a tenfold return takes too long, lacking attraction for ordinary investors.

• Altcoins: The long-term risks are too high, price fluctuations are like a roller coaster, and a small misstep can lead to significant losses, leaving people exhausted.

2. Short-term Trading: The Vicious Cycle of Buying High and Selling Low

• Swing trading appears to be buying low and selling high, but the market moves too quickly, often resulting in buying high and selling low.

• After multiple instances of buying high and selling low, accounts become increasingly unprofitable, funds dwindle, and mental states deteriorate.

3. On-chain Memes: The Nightmare of Going to Zero

• Meme Coins: Fantasizing about catching the next big opportunity, but buying a few only to see them all go to zero.

• The winners are others, and the loser is oneself: seeing others get rich, only to look back at one's own losses, leading to a mental breakdown.

Summary: The Trial of Ice and Fire

The challenges of the cryptocurrency market to human nature are unprecedented; whether long-term or short-term, it is trapped in a predicament of low returns and high risks. However, opportunities always belong to those who are prepared. Adjusting one's mindset and clarifying strategies may be the only way out currently.