2026-01-17 05:28:20

The market has indeed been a bit strange lately. Since the big drop on October 11th, black swan events have become almost routine—you just get excited, and then suddenly a waterfall follows. Retail investors are repeatedly wiped out in these bloodbaths.

On the surface, everything seems lively, but in reality, risks are continuously accumulating. The liquidity dilemma remains unresolved, essentially a zero-sum game within the existing market. The cost of issuing tokens is almost zero, leading to a flood of pump-and-dump projects. Apart from mainstream cryptocurrencies like Bitcoin, most other projects have become mere illusions.

An intuition is at play—another black swan might be just around the corner. This feeling isn’t meant to scare but is a warning from the market structure itself. You have to be active in the market to reach the future, but the prerequisite is to survive.

BTC-0.26%

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CompoundPersonality

· 4h ago

The waterfall market is truly incredible; retail investors losing everything has become the norm. Shitcoins are everywhere, and besides Bitcoin, everything else is just stories. Black swan events are happening more and more frequently, it feels like the next one is right in front of us. Staying alive is more important than anything else; don't get killed by FOMO. Basically, it's a game of hot potato—whoever catches the last baton is doomed. This cycle feels like a big event is coming; risks are piling up to a breaking point.

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AirdropF5Bro

· 4h ago

Waterfalls, you know, have really become part of everyday life. Every time I think I've seen the bottom, there's still a basement underneath.

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BrokeBeans

· 4h ago

1. Here they come again, I wonder how many more leek farmers need to be cut before it's stable. 2. Sounds nice, but actually it's just big players harvesting. We small investors can only be the practice dummies. 3. I went all-in during the October surge. Now I’m just waiting for the next black swan to send me to the afterlife. 4. Liquidity dilemma? Forget it, it's just the whales playing us. 5. Is it easy to survive, brother? We've all been washed down to our underwear.

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SilentObserver

· 4h ago

Bro, the waterfall really comes when it wants to. I've seen through it long ago. I didn't escape the wave in October, now I'm just waiting for it to come again. Everything except Bitcoin is just air, there's no doubt about that. Surviving is more important than making money.

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SundayDegen

· 4h ago

Really, I didn't touch this wave. Watching others surge, I just smile. --- The term zero-sum game is so perfect, but it really hits home. --- Frequent black swan? Bro, are you describing my account? --- Surviving is the top priority; everything else is secondary. --- Besides BTC, everything else is just air. This statement is a bit extreme, but I can't argue with it. --- Intuition, you know, sometimes is more accurate than candlestick charts. --- The two words "waterfall," I swear, just seeing them makes me want to vomit. --- If the liquidity dilemma can't be broken, then what are we playing for? --- I bet the next black swan will happen this month. --- The drama of retail investors getting wiped out has long become numb. The next one will be me.

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