Don't be a blindfolded donkey grinding the mill: the crypto market always has new games, but the only winners are the market makers.

Traffic can bring popularity, but it doesn't necessarily bring wisdom.

Recently, meme coins have gone crazy again. Every time this kind of fervor hits, I calmly think about a question: The market flow is indeed powerful, but is it really smart?

Following this line of thought, I suddenly realized a deeper question - the bankruptcy of the “end of history” theory.

Do you remember that famous statement by Fushan? At the end of each cycle, there are always a lot of people leaving with their heads down, murmuring:

• There is no democracy after the United States.
• There are no real cryptocurrencies after BTC
• No disruptive public chain after ETH
• After a certain meme coin, there are no more wealth creation myths.

All wrong.

BTC is not the destination; it is just a starting point.

The Uniqueness of BTC vs The Market Always Has Opportunities

These two propositions seem contradictory, but they are actually dialectically unified. Understanding this relationship essentially means seeing through this market.

The ICO boom in 2017 was essentially a bubble created by too few coins and too much money, resulting in an imbalance between supply and demand. But what about now?

• The ERC-20 standard makes issuing tokens as easy as copy and paste.
• The inscription gameplay lowers the threshold to zero.
• The Launchpad platform allows everyone to become a project party.

Thousands of new coins can emerge in a day. Logically, the market should have been saturated by now, right?

But there isn't.

Every time you think “there's no more room for innovation,” there is always a smarter mind that pops up, creating new tricks and generating new stories of sudden wealth.

What is truly scarce in the market has never been coins

What is scarce is the opportunity to make money, the possibility of getting rich.

It doesn't matter how many coins there are, because what retail investors are really chasing is not the coins themselves—but that scarce opportunity that can double their wealth, or even increase it a hundredfold.

As long as this greed exists, the market will always have the soil to create new opportunities.

The scarcity of getting rich quickly is almost eternal. This determines that the pursuit of hot money will never cease.

The Donkey Grinding Mill Game

What does this market resemble? It resembles a blindfolded donkey grinding at the mill.

The donkey runs desperately, chasing the grass that it can never eat. It does not know that it is just running in circles, nor does it realize that the miller is the true winner.

You can never be certain that the current stone mill is the last one.

The dealer who sees through the essence of the game can always design a new stone mill to lead the donkey to continue turning.

As long as there are endless descendants of the donkey, the opportunity to set up a scheme will always exist.

The cause and effect relationship has been reversed.

Many people have got the logic wrong:

• It is not because there is a stone mill that the donkey comes to grind
• But it is because the donkey needs to grind, that the stone mill was created

Same:

• It's not because there are market makers that retail investors are being cut
• But because there are leeks to be harvested, the big players came into being

Why are new games emerging one after another? Because the blindfolded donkey has never stopped running.

Every new project is carefully packaged as “the next tenfold coin” and “an opportunity you will regret missing for a lifetime,” and then widely promoted.

The Harsh Truth

Hot money has always been chasing quick wealth, but the reality is — the vast majority of people ultimately end up losing and even going bankrupt.

Zhuangzi said well: “My life has limits, but knowledge is limitless. To use the limited to pursue the unlimited is dangerous!”

Put here is: Life is limited like a donkey, while the game is limitless. Chasing the limitless with the limited is perilous!

The ones who truly make money are always the mill owners, the bankers of the game, and the platforms that create dreams.

So next time you see any new “revolutionary project,” ask yourself one question:

Am I chasing real value, or am I once again blindfolded and starting to grind?