2026-01-17 03:27:50

What is the cost of chasing the high? Just look at those once-starred coins during this bear market to understand.

Taking some leading projects as examples: Bitcoin reached a new all-time high of around $69,000 in November 2021, and is now hovering at lower levels; Ethereum's peak that year also hit close to $4,900, but now has shrunk significantly. Looking at some "fundamentally solid" mainstream coins—SOL, AVAX, LINK—these once highly sought-after projects, investors who chased the highs are now generally sitting on losses of over 50%.

But that's not the most heartbreaking part. Even more outrageous are those coins with "stories"—DeFi leaders, NFT star projects, certain ecosystem tokens—that have plummeted from their highs, with some dropping more than 90%. People who FOMOed in 2021 are now asking the same question: why are projects with good fundamentals falling so hard?

The logic is simple. Projects with real applications and revenue models, chasing in at high levels still results in losses. Because the high already priced in the growth for the next five years. Conversely, those without cash flow, purely conceptual tokens, seem to have more room to fall, but those who catch the falling knife end up losing the most.

The conclusion is painfully clear: even good projects require good entry points; chasing the high is the original sin. No matter how hot the coin, how strong the team, or how prosperous the ecosystem, chasing at the top is gambling mentality. This round of market has already taught enough people this lesson.

BTC-0,38%

ETH-0,4%

SOL0,77%

AVAX-1,37%

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AirdropHuntress

· 3h ago

After research and analysis, chasing high is indeed a dead end, and no matter how excellent the tokenomics are, it's useless. In this bear market, the clearest way to see who is a genuine project and who is just capital manipulation is to be cautious of risks. The most painful part of chasing highs isn't a 50% drop, but realizing that your "fundamentally good project" was already risky all along — just that you didn't see it clearly. Good projects are fine; the problem is that the five-year gains have been overdrawn to the high point, and data shows this is the real killer. No matter how popular the ecosystem is, it can't save those who chase highs; historical data shows this is an inevitable pattern. Sniping bargains yields more than chasing highs, but the prerequisite is to have a clear mind and a cool heart. True alpha isn't about "more coins and more hype," but about when to buy and when to sell. Without understanding this, everything else is pointless.

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TxFailed

· 3h ago

ngl, learned this the hard way watching my portfolio get absolutely wrecked in 2021... "good fundamentals" doesn't mean good entry point, that's the part nobody wants to hear

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ProtocolRebel

· 3h ago

Chasing the high is really a terminal illness; those who FOMO'd during the 21st wave don't even have the face to speak now.

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RugPullProphet

· 3h ago

Once again, same old story. The bagholders who bought at high prices should now wake up. --- I saw a bunch of people crying over SOL’s recent drop. Good fundamentals, so what? The price just crashes whenever it wants. --- Chasing highs is just gambling on probabilities. The chances of losing are always higher than winning. Now I finally understand. --- I lost confidence in those DeFi projects a long time ago. No matter how good the story sounds, it can’t fill the gap caused by the decline. --- The FOMO in 2021 really ruined a lot of people. Those still holding at the bottom should reflect on themselves. --- Even good projects can make you lose more than 50%. And some are still researching fundamentals. That’s hilarious. --- People who chased in at high prices are now asking why. Actually, just ask yourself why you were so greedy. --- The biggest lesson from this bear market is—don’t chase highs, no matter how awesome the project is. --- Those coins without cash flow are falling even harder. The chasing high crowd is finally tasting the bitterness.

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CounterIndicator

· 4h ago

Are you trying to trick me into bottom-fishing again? Forget it, I'll just watch these people continue to chase highs to rescue themselves.

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