The difficulty of speculating on altcoins will only increase, as there are now a multitude of altcoins, most of which are highly controlled by project parties and platforms.
The data on the supply and demand sides of the market is very transparent. Project parties and platforms have the ability to collaborate to manipulate prices, harvesting retail and institutional investors through pump and dump strategies. Price fluctuations are extremely volatile, potentially increasing two to three times in one day, only to plummet by 30% to 50% the next day.
Therefore, retail investors can no longer easily profit by casually buying a few altcoins as they could in the past. Nowadays, making money in this market requires not only facing the dilemma of asymmetric information but also engaging in games with project parties and platforms. Ultimately, only the best performers in the market will survive. The difficulty of profiting in the future altcoin market may even rival that of A-shares.
