The “death” of altcoins, or has the market finally gotten serious?
I’ve spent days reading people from all over the place crying in the corners, talking about the crypto apocalypse, saying altcoins have gone the way of the dodo and trading is no longer worthwhile. Are they really surprised? Some people seem like newcomers just discovering that trees don’t grow to the sky. $AGT
Little by little, without getting worked up, it’s time to look at things as they are: what we’re seeing isn’t the death of the market, but a natural clearing away of illusions.
Here are three truths that many people find hard to swallow:
The graveyard of promises: 95% of altcoins were nothing but narrative fireworks with no real foundation. When the tide goes out, it becomes clear who built on rock and who built on cheap marketing. Crypto isn’t dying; the garbage speculation that fed on other people’s excitement is. $RUNE
The leverage trap: They come out crying because the market wiped out positions worth billions.
What did they expect, trading with 50x leverage and no risk management, giving in to greed in the middle of a fear zone? Trading deals harshly with the undisciplined and those who trade with their gut instead of their head.
Survive to tell the tale: While the emotional ones sell at the lows and give their money away, those who understand market structure, liquidity, and risk management see this for what it is: a filter. The game isn’t over; it has just changed hands.
The market has no mercy for the unwary, and watching people despair because they don’t know how to manage volatility always leaves an interesting lesson. $AIO
I’ve spent days reading people from all over the place crying in the corners, talking about the crypto apocalypse, saying altcoins have gone the way of the dodo and trading is no longer worthwhile. Are they really surprised? Some people seem like newcomers just discovering that trees don’t grow to the sky. $AGT
Little by little, without getting worked up, it’s time to look at things as they are: what we’re seeing isn’t the death of the market, but a natural clearing away of illusions.
Here are three truths that many people find hard to swallow:
The graveyard of promises: 95% of altcoins were nothing but narrative fireworks with no real foundation. When the tide goes out, it becomes clear who built on rock and who built on cheap marketing. Crypto isn’t dying; the garbage speculation that fed on other people’s excitement is. $RUNE
The leverage trap: They come out crying because the market wiped out positions worth billions.
What did they expect, trading with 50x leverage and no risk management, giving in to greed in the middle of a fear zone? Trading deals harshly with the undisciplined and those who trade with their gut instead of their head.
Survive to tell the tale: While the emotional ones sell at the lows and give their money away, those who understand market structure, liquidity, and risk management see this for what it is: a filter. The game isn’t over; it has just changed hands.
The market has no mercy for the unwary, and watching people despair because they don’t know how to manage volatility always leaves an interesting lesson. $AIO
