Presales aren’t dead, they’re just more naked now
Back in 2020-2021, or even further 2017-2018, presales had a different risk-to-reward ratio. You didn’t need to be a genius, just early. But cycles change. Liquidity changes. Attention changes. Now the same belief system that once rewarded naive optimism has turned into a field where timing, access, and cold discernment are non-negotiables. It is funny that people still believe it worth. That myth still seduces people, especially those who are new and impatient
Your experience is textbook, and I don’t mean that in a condescending way. It’s how most people onboard into crypto: high emotion, low frameworks. It’s how systems exploit cognitive bias. Projects are engineered to sound visionary. But you're waiting for some certainty before acting, as if risk can be “solved”. It can’t. Risk is an instrument, not a warning. You use it. You shape it
That said, yes, launchpools are safer. Yes, they’re structured. But safe doesn’t mean scale. You’ll make “little profits” because the whole thing is diluted. Everyone gets a bite, so no one eats much
Presales can be profitable. But the structure today is clear:
Most of the alpha is private (deal flow, early allocations, OTC rounds)
Presales that are public and hyped are usually already priced in
If you’re getting in from Twitter ads, you’re late
So no, don’t "forget the chapter". Rewrite it. Learn tokenomics. Study vesting schedules. Follow VCs, not influencers. And internalize this: if your emotions are making the trade, you’ve already lost to someone who’s thinking in liquidity and lockups
You don’t need to avoid presales. You need to stop expecting presales to save you. Big difference