X @Ansem

Market Trends & Risks - Altcoins trading is becoming more difficult and dangerous due to increased competition among sophisticated buyers who are less confident [1] - Altcoins are primarily traded on perpetual contracts with leverage, increasing risk [1] - Significant dilution in coins occurs, with market values often high without justification [1] - Launch Fully Diluted Valuations (FDVs) capture 100% of optimism without respecting price/valuation [1] - Too much pre-market price discovery makes new asset launches unsafe [1] Investor Behavior - The average 2025 buyer purchases on perpetual contracts without checking valuation and sells upon PNL turning red or force sells in liquidation [2] - Patience is more highly rewarded than being "early" in liquid markets [2] Opportunities - The crypto market remains the best place for returns for smart people, emphasizing skill expression and asset selection [2] - Outlier assets will continue to emerge, offering opportunities for significant returns [2]