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Yesterday, I saw a veteran trader who had been in a three-year contract wipe out and reset to zero.
He told me he was originally trying to buy the dip and turn things around, but he lost everything in one night. I asked him why he didn't cut his losses, and he said, "I listened to a signal provider saying it would go up, so I thought I could hold on."
This is the real situation in the current crypto world.
Screens are full of so-called experts shouting buy signals. Today they say good news will push the market up, tomorrow they say the bears are coming. The retail investors are confused, and in the end, they get completely wiped out.
Honestly, these centralized schemes are running around in the decentralized world, causing chaos. It's like a bunch of scammers in suits selling fake medicine at a market.
I think someone needs to step in and clean this up.
Look at the current crypto scene—gamblers everywhere, speculators flying all over. Projects that genuinely want to build are ignored. If this continues, the entire industry will only get worse and worse.
The market doesn't need more gamblers; it needs real builders. Those who shout about financial freedom every day end up just becoming someone else's wealth.