Crypto Dreams vs Reality: Why 100x Returns investment Are Harder to Find in 2024
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image using Ai.
we all know crypto is known for giving 10x, 50x or 100x kind of return in a short span where there's an actual bull run but we've not seen that happening last year or this year.
Other than memecoins like WIF, Popcat we don't have much examples like last bull cycle.
Is it becoming rare to get 50x, 100x return on a coin In crypto?
I was reading a BlackRock presentation slide about bitcoin and they said "bitcoin volatility will continue to go down" and it's been on a decline.
So with the altcoins becoming more saturated as there's an ocean of coins from alphabet A to Z you'll find thousands of altcoins.
image by Sandra Gabriel from Pixabay
And this makes it very rare for market to find next 50x or 100x coin to make generational wealth.
It's not easy anymore to double your initial investment in crypto but it is very easy to lose your whole investment in a day or two if you're not careful.
Also I'm not talking about "shitcoins or memecoins" doing 50x or 100x but I'm more interested in coins with utility or some big narrative making 50x or 100x.
We have all the biggest narratives in this bull run
There's a lot of narratives way bigger than last bull cycle. Now we have Ai, RWA, depin, socialfi, Asian coins, political coins
While in last bull run the narratives were quite worse: Nfts, metaverse, Gamefi
Yet in 2021 those narratives had coins that pulled 50x or 100x gains.
But where all those Ai coins, RWA coins or depin and socialfi coins? Down 60-90% from all time highs.
Why it's not same anymore?
The fact that stock market is at all time high every other day and seeing my altcoins still down about 70% it makes me feel sick being in crypto
And I know who's fault it is and why it's not same like before.
Image by SplitShire from Pixabay
There's a lot of stolen funds, liquidity and money that moved to wrong hands
Those who have money are either scammer or early: both of them don't want to lose or risk it all.
People who invested in crypto during 2021-2022 either liquidated or way too rich who don't want to continue here anymore and already dealing with stocks
What's next Global epidemic like event for next big bull run?
Also 2021 bull run was fueled by COVID pandemic, we don't have that anymore and inflation is kicking all of our asses but it's lame to blame inflation when stocks are at ATH.
image by Miguel Á. Padriñán from Pixabay
The only thing crypto need is "Mass adoption" to witness the promised great bull run where our Altcoins could do 50x or 100x in a week or two.
US election isn't as big as COVID pandemic...if Donald trump win, we'll see a rally but for couple of days, weeks and that's it.
But what if next ww3 is the big COVID like event? I mean not an actual war but tension around the world that keeps economy cooked and make people switch to crypto for fun like the good old days.
I don't actually know I'm just assuming what could make my bags heavier in the next 6 months or so on and I have to be delusional.
Wrapping Up...
In the end at this point my biggest fear isn't missing out a "bull run" but being in the same place as I'm today in next 6 months.
That 2021 bull run was my first cycle and thought there will be another chance to make it but it ain't here yet, nothing is like before
So I'm concerned if all these years in crypto is going to be worth it or I've wasted my previous time of life doing nothing.
I'd love to know what's your thoughts on this.. do share your opinions in the comments.
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