2022 was the last 1000x market

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2022 was the last 1000x market

I like to believe that in 2022 people made money by holding coins from the 2018 run.

But to me, 2022 got the biggest number of new people in the market, crypto was absolutey everywhere, and that cannot be replicated in the future, as there is a limit to the ammount of people with resources and internet.

I mean even Elon Musk tried to hype doge coin a few months ago and it barely did anything. And he made a lot of dodge coin owners a lot of money in 2021.

Probably also FTX scandal died down the hype for regular people.

Also, I believe a lot of people hoped for more integration of crypto in day to day, although it has happen, it was far from what I expected at least.

I don’t wanna say it underdelivered, but I think the big bull runs were just new crypto people joining the market. There were some economists that said the bullrun is a pyramid scheme, and now I think he is right.

I think crypto has matured, there will probably never be 1000x market again. Unless you swing trade, holding won’t make us rich.o

Randula JLK Answered question October 18, 2024
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