1) As the markets change, so should your STRATEGY.
Here's my PERSONAL game plan and top picks in today's market and moving forward.
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2) Crypto twitter would make you believe every single altcoin is going to rise from the ashes and raise to unimaginable heights again.
Truth is the number of projects with REAL revenue or a treasury lasting many MANY more years is ridiculously low.
Way lower than anyone thinks.
3) In 2021 I talked to many of my old friends who still held crypto holdings from the earlier bull run (2017).
While I was absolutely enjoying the new bull run and can honestly say this was the biggest run we have ever had so far, many of them didn't share that opinion.
1) The LAST 72 hours have left the market in a state of PANIC and disbelief.
β’ Bitcoin at its lowest level
β’ FTX going bankrupt
β’ Individuals losing life savings
β’ Interest rates still rising
A thread on the current market situation and future expectations.
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2) The last 3 days have been pretty wild hasn't it.
Even individuals that can be called "veteran" status are left in disbelief.
I'm not going to "sugercoat" things like others are doing.
The market has been hurt by this. It will take LONGER to recover from this.
3) If there was any point the market was going to recover and be primed for a strong reversal in the beginning of 2023 (example) it will likely be postponed with another few month (or longer).
If past events didn't break trust to some parties. Now it did.
1) There's been a new crypto narrative called "REAL YIELD" in the markets lately.
What is "real yield" actually and how do you benefit from it?
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2) Since the early introduction of DeFi we've seen "yield farming" become incredibly popular.
Numerous projects started offering insane yields (interest) to attract buyers and create demand.
Who doesn't want 1000%+ interest after all!?
3) Little did people know this was unsustainable and quite often unprofitable...
This early "yield farming" model is flawed because it is based on excessive emissions of the protocolsβ native tokens rather than sharing organic protocol profits.
2) Today's world is led by powerful financial institutions that pretty much reign over all every possible payment system.
These players have been dominating the world of payments forever and have successfully brought their services into households around the world.
3) These "giants" leave little room for competition which means all their clients end up agreeing to their terms of doing business simply because an alternative doesnβt exist.
Untill the introduction of cryptocurrencies that is or will ever be.