Narratives may have really changed this year, and small-cap coins have more opportunities than BTC

I've been seeing a lot of people discussing this lately, so let me share my thoughts

Several traders I know have all made profits from small-cap coins this year
BTC basically hasn't moved much, not that BTC is bad—it's still the best ballast
But to make big money, you still need to find small-cap coins within new narratives
BTC at this price level doesn't move much either way
The space is locked in by consensus expectations
Small-cap coins are different, many are going from 0 to 1, with space to expand
To be honest, my coin selection skills aren't great
Mainly because I'm a diamond hand—once I get in, I usually don't exit much
But if the macro direction is right and you pick one winner correctly, the gains cover several losses
Playing Meme coins, win rate doesn't matter, risk-reward ratio is what matters
Of course the risks are huge, 90% will go to zero
You must control your position size, only play small-cap coins with money you can afford to lose
One last thing: the market is alive
Just because the logic worked last year doesn't mean it still works this year
Follow the money flow, don't cling to old ideas
When market conditions are poor
Study more, observe more and act less
Look at some new directions