Everyone says that in 2021 you could make money without thinking. In reality, even the hottest “animal-park” sector only lasted a little over two months. Everything—hundreds-fold, thousands-fold—was the same. Even the timing of shib getting listed on major exchanges was also like that. Doge surged over 700x: it had been quietly pumped up earlier, and then in the following 7 days it finished a 10x run. Most “animal-park” moves of 100x/1000x only took a few days. Within the typical 120-day alt-season cycle, the total number of days that produced upside on the daily chart adds up to only about a dozen days.
The DeFi sector doesn’t really create “wealth-making” effects, and NFTs are also so-so. On-chain games are slightly better.
Everyone keeps saying shib is amazing, but who actually made money on shib? Before it got listed on Binance, it ran up 100x—fast and furious. Then on-chain it pulled 2000x. After that, when it was listed on Binance, there was a half-year of consolidation and then it ran again—yet it was basically sideways and upward. During the sideways period you could almost get cursed to death, because most people bought on exchanges. Generally, after a 50% drop, there was another 50% drop. But those who held through the sideways period—who didn’t chase price—were the ones who had a move big enough to exit the market and “leave the industry.”
In crypto, either you don’t lose, or if you do lose, you lose all the way to the end. Either you don’t make money, or if you do make money, you make money to the extreme. There are only two extremes in crypto—no third path. The difference between people is enormous.
Buy at the bottom and it rises dozens of times; buy at the high and it falls by dozens.
The most fearful moment happens at the bottom. The most greedy moment happens at the top. It’s all about direction, patience, and bottom-cycle supply.
The DeFi sector doesn’t really create “wealth-making” effects, and NFTs are also so-so. On-chain games are slightly better.
Everyone keeps saying shib is amazing, but who actually made money on shib? Before it got listed on Binance, it ran up 100x—fast and furious. Then on-chain it pulled 2000x. After that, when it was listed on Binance, there was a half-year of consolidation and then it ran again—yet it was basically sideways and upward. During the sideways period you could almost get cursed to death, because most people bought on exchanges. Generally, after a 50% drop, there was another 50% drop. But those who held through the sideways period—who didn’t chase price—were the ones who had a move big enough to exit the market and “leave the industry.”
In crypto, either you don’t lose, or if you do lose, you lose all the way to the end. Either you don’t make money, or if you do make money, you make money to the extreme. There are only two extremes in crypto—no third path. The difference between people is enormous.
Buy at the bottom and it rises dozens of times; buy at the high and it falls by dozens.
The most fearful moment happens at the bottom. The most greedy moment happens at the top. It’s all about direction, patience, and bottom-cycle supply.
