According to CoinWorld.com, on November 3rd, crypto KOL Cobie tweeted that while it's uncertain whether Bitcoin will continue to offer diminishing returns, altcoin trading (on average) will become increasingly difficult and dangerous, an irreversible trend. Reasons include: intense and sophisticated buyer competition coupled with diminishing conviction; trading primarily through perpetual contracts and leverage; default market capitalization and severe dilution; initial FDV capturing all optimism, ignoring price and valuation; and excessive pre-market price discovery leading to insecurity. In 2017, buyers purchased spot and held for weeks/months, leveraging their strong conviction and adding to their positions during the upward trend, benefiting from early undervaluation. In 2025, buyers will purchase through perpetual contracts without checking valuations, selling when profits turn negative or forced liquidation occurs. However, altcoins remain the best area for smart investors to reap rewards; skill expression and asset selection are more important, and patience is more rewarding in a liquid market than "early" entry.