6 Years in Crypto: The Harsh Lesson I Learned
I’ve been in crypto for around 6 years, and the biggest lesson I learned is simple: most tokens are useless.
If you check even the top 100 coins by market cap, you will still find a lot of projects with no real utility, no real users, no strong infrastructure, and no clear reason why the token should exist. In my opinion, only a small number of projects actually have real volume, real adoption, and a real ecosystem behind them.
The problem is that during a bull market, everything can look strong. Prices go up, people get emotional, influencers start posting, and even weak projects can pump hard. But when the bear market comes, the truth appears very fast.
Hype disappears. Liquidity leaves. People stop buying. And many projects simply cash out on retail investors.
A token can be pumped very easily, and it can be dumped just as easily. This can happen not only with small coins, but even with tokens from the top 100 or sometimes even the top 20. If you haven’t watched the market long enough, you may not even understand what is happening until it is too late.
Before buying any token, you should clearly understand:
What is this token used for?
Who actually uses it?
What is the real circulation?
Who owns the supply?
Who benefits if the price pumps?
For me, the main conclusion is this: if you are new to crypto, it is better to stay away from most tokens. The risk of losing money is extremely high, especially in a weak or bearish market.
I don’t think crypto is impossible to use, but I think most people should be very careful. In my opinion, the safest way to interact with crypto is mainly during a clear bull market, and even then, focus more on stablecoins, exchange events, promotions, and low-risk opportunities instead of chasing random tokens.
Because when the euphoria ends, most people lose money, and many projects use retail investors as exit liquidity.