Comparison between the last bull market and this bull market: Why do you get cut more when you learn more?

In the last bull market, we came to the conclusion that: "The more you learn, the higher your cognition, and the better your income." This seems to be a golden rule. Players who learned roulette, poker, and poker early naturally had a first-mover advantage over new customers and made a lot of money. However, this bull market has led us to the opposite conclusion: "The more you learn, the worse you get cut." Some people avoided risks and escaped because they did not learn. The reason is that the essence of altcoins is a casino, and when there are no new customers in the casino, your opponent is the casino itself. Once upon a time, players who learned early and invested heavily should have been the beneficiaries, but now they have become the objects of cutting. Only the few lucky ones selected by the casino can drive more people to enter the market at other gambling tables and be hailed as "leaders of wealth." But everyone also realizes that the current casino is no longer a place where you can make money by placing a large bet. Even if you place a large bet, the waiting period and the certainty of the return are very vague.