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.
π§΅π
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.
4) "Nova, I don't think we have actually entered a new bull run.
Maybe bitcoin yeah but alt season didn't really start yet.
Many of my coins are not even CLOSE to their old heights. I'm not even break even".
I was pretty speechless and didn't know what to say.
5) There was a common pattern on crypto twitter as well.
It wasn't just my friends, it was all on my feed!
People defending and arguing the REAL run had yet to start.
Meanwhile I saw new tokens launching 100x on release which we had never really seen before in any run.
5) While I explained to most in a friendly level-headed way that it's likely most of the cryptocurrencies never will go back to what they once where I was laughed at back in response.
"This was when bitcoin already hit 60k in the markets btw".
6) While I could name many old cryptocurrencies that did RISE from the ashes.
Truth is in terms of numbers (20-30 vs 5000+) that was less than 1%.
The market favored new altcoins based on NEW narratives in the markets.
7) This actually isn't very hard to believe if you consider cryptocurrency still is a hype driven market based on speculation which coins will ever make it.
This is solely what drives most value of today's cryptocurrencies.
8) Back then we had almost 0% REAL WORLD adoption and so do we today.
While this means we are still early, it also means 2017-2018 market situation will mostly replicate.
We have had major advancements in the DeFi industry but we have yet to implement global crypto adoption.
9) This doesn't mean I don't have my eye on a small selection of altcoins.
This is by no means the ONLY list.
This is a selection based on holding no more than 5 cryptocurrencies and even removing lots of my other favorites I also think are going to succeed.
Lets begin π
10) $QNT
The BEAST of interopability.
Along the years #Quant has made MAJOR advancements in real world adoption with even working with officials on the next #CBDCs.
The absolute market resilience it shows today is proof of that.
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.
π§΅π
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?
π§΅π
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.