2026-01-13 05:08:02

Global capital markets are in a frenzy, with traditional assets like gold and A-shares reaching new highs, but cryptocurrencies haven't kept up. This indeed seems somewhat misaligned.

But the key point is—not that they aren't rising, but that they haven't been driven up at all. In this super bull market, market sentiment is particularly distorted: everyone only wants to buy the most expensive assets, not the right ones.

Look, when precious metals are soaring, investors see cheap crypto assets, and their first reaction isn't to see it as an opportunity, but to be afraid—fear that if something is too cheap, it means it can't go up. Conversely, the assets that have already surged the most are the most attractive. This is the market's magic: the more expensive an asset, the more people believe it will rise further. Under this psychological drive, cheap assets are ignored, and expensive ones are snapped up madly. The biggest test in this wave of market movement is whether investors can step out of this trap.

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StealthMoon

· 8h ago

Cheap coins are not wanted, expensive ones are being dumped, the market's taste is really outrageous.

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OnChainArchaeologist

· 8h ago

Cheap coins are actually the ones no one wants, which is really mind-blowing—it's similar to a gambler's mentality.

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BlockchainDecoder

· 8h ago

From the perspective of behavioral economics, there is indeed a clear herd effect and adverse selection problem here. According to Kahneman's prospect theory, investors tend to exhibit risk aversion in the profit zone and risk preference in the loss zone. The current performance precisely reflects this—cheap assets are misinterpreted as "danger signals" rather than value dips. It is worth noting that this psychological bias can be amplified infinitely in highly volatile markets, forming a positive feedback loop.

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DeFiChef

· 8h ago

Cheap things are surprisingly unpopular, this psychology is really incredible... --- Honestly, the current market is just buying high and not buying right, it's hilarious --- Hard to handle, nobody looks at cheap coins, while those that have already skyrocketed are still being snatched up --- That's why I always miss out haha... looking at cheap ones, I dare not touch them --- The more expensive, the more attractive; the cheaper, the less trustworthy, this logic is incredible --- Low-priced coins are collectively ignored, this is really the market's curse --- The more expensive, the more attractive; I've seen this too many times --- Picking up cheap coins often leads to pitfalls; buying cheap coins now feels like a suicidal move --- So, following the trend is easier to make money than choosing the right one, it's heartbreaking --- It's no surprise that precious metals hit new highs; the joke is that cryptocurrencies haven't been pumped up yet --- Fear that cheap coins won't rise... brothers, this mentality is just too extreme --- Expensive ones are being snatched up wildly, cheap ones are being ignored, a typical herd effect --- That's why I can never catch the bottom, haha

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