When many people first entered the cryptocurrency industry, they thought this was the 'fairest' place. Open source code, on chain transparency, and rules written into contracts cannot be changed by anyone. Do you think this is a place composed of mathematics and consensus. Later on, you realized. The project team will draw a cake, KOLs will lead the rhythm, VCs will take chips in advance, exchanges will put and put coins, and on chain data can also be flashed. The "long termism" in the community often just waits for the solution. Then you start to break through the defense. You may find that those who shout about value investing every day are also working on their own bands. Those who say they are optimistic about the long-term development of the ecosystem have secretly transferred their wallet addresses to the exchange. Those who open Space to discuss technological ideals are actually most concerned about market making and liquidity in private. You suddenly feel that the cryptocurrency circle is also a grassroots team. But what really made me understand this matter was not some local dog zeroing out. But it's a friend I met a few years ago who works on a project. At that time, they were developing an on chain product and the financing was quite impressive. What AI, RWA, PayFi, on chain identity Agent Economy， The hotspots are all occupied. The people in the community shout every day, 'This is the next trillion dollar race track.' 'Change finance.' 'Refacto the future.' As a result, I had dinner with them in the middle of the night and found out that the entire team consisted of more than ten people. Product managers change requirements every day, technicians refactor code every day, operations think about how to pull data every day, and even project roadmaps, many of which are hastily pieced together two days before financing. I was particularly shocked at that time. Because from the outside, they look like a precision operated large mechanism. As I walked in, I found that many decisions were actually: "We should lean in the direction that the market has been blowing recently Later, they went online. TVL has surged, trading volume has also been achieved, KOLs have reposted it, and media reports are overwhelming. The community is starting to feel that 'this project is stable.' However, only insiders know that many features are not fully implemented, and some modules are even just 'demo versions'. Why are they still online? Because the window period has arrived. The biggest fear in the cryptocurrency industry is not product failure, but the lack of narrative. It's okay if you haven't finished the function, but once the hotspot passes, no one will be watching it. So many times, it's not the project that wants to deceive, but the entire environment that forces everyone to move forward. Later on, I gradually understood. The most authentic aspect of the cryptocurrency industry is not decentralization, but rather profit driven. Many people believe that the on chain world operates through technology. In fact, what really drives the market has always been liquidity, emotions, interests, and expectations. What you see are: white paper, roadmap, and ecological cooperation. What truly determines the price may be whether market makers are willing or unwilling, whether exchanges provide resources, VC unlocking time, and whether community sentiment is still present. This is like when many people first look at on chain data. Thinking that more addresses equals more users. Later I found out that a studio can support thousands of wallets. Thinking that high TVL equals strong project. Later I found out that a lot of liquidity is self circulating. I thought the project was updated every day=I was really working on it. Later on, I found out that many weekly reports were just for the community to read about "emotional management". But do you think all of this is a scam? Neither. Because of the grass platform team, it doesn't mean there are no experts. The truly powerful people are often the ones who understand the "rules" the most. They know when to take the product seriously and when to start with a narrative. Know when to rush and when to pretend to be dead. Know when to publicly place orders and when to silently plan. Many old leeks eventually survived not because they had the strongest technology, but because they finally understood that the cryptocurrency industry is never about "who is the most professional and who makes money". But who understands market sentiment the most, who understands human nature the most, and who understands where liquidity flows. So later on, I increasingly felt. The most dangerous people in this market are not scammers, but those who believe too much in rules. Only believe in the white paper, only believe in the roadmap, only believe in the 'long-term value', only believe in what the project team says. This type of person is the easiest fuel for liquidity. The people who can truly live longer are actually those who "believe on the surface but doubt in their hearts". I will participate, but not all in. I know how to read stories, but I'm more concerned about funding. I can listen to Space, but in the end, I still look at the on chain wallet. They know that many things are performed. But they won't be angry. Because they understand that the market itself is the stage. Someone is responsible for telling stories, someone is responsible for handling liquidity, someone is responsible for accepting orders, and someone is responsible for exiting. The person who really makes money is often the one who sits backstage, watching the show while planning ahead. So now someone is telling me, 'The cryptocurrency industry is all composed of grassroots teams.' I would tell them, 'Yes.'. But the focus has never been on the 'grass platform'. The key is whether you are the audience member who has been harvested or someone who has already understood the script. This article is sponsored by @ bcgame