Theres a major problem happening with the crypto market and it only became a problem recently. I have been in crypto for over 7 years, that said no I am not yet a millionaire because yes you can also loose money in crypto and "hodling" aka Holding a coin for ever is not a good choice as there is little chance a coin stays stable let alone growth forever.
Except major coins! Such as the OG BTC, followed by more major blockchains with superior technology, faster transaction, lower costs and higher adaption as actual currency. Such are for example SOL, ETH, XRP, LTC, TRX ans belive it or not even a "memecoin" from the LTC blockchain - DOGE Elon Musks favorite coin.
And I consider myself one of the few people on the planet that actually uses the coins as what they are originally were intended to be: A safe guarded online currency! Nowadays you can pay several services, mostly online, with some crypto. BTC is prefered and has been ever since Silk Road.
Now tho, I would not suggest to invest in BTC at all. The overall market cap of it is 2.1 Billion Dollars!
Now will it go 100% in 2025? Unlikely, after all most people are poor and those that already are in it, especially big companies such as Microstrategy Inc might take profits.
But even IF we assume BTC suddenly gets an intake of 2 billion dollars from for example Elon Musk - it still falls below multiple tech stocks.
Investing into BTC while possibly more profitable then the SPY is still not reasonable as much as the latter one.
The Problem
The current main problem of crypto and something that will explode in the future is Rugpulls! Yes Crypto Scams have existed for a while but now they become unreasonable and actually dangerous! See my post on the Hawk Tuah Memecoin Scam
https://incels.is/threads/hawk-tuah...llars-in-10-minutes-scamming-her-fans.688149/
2025 and beyond I FEAR this will turn into quite a sheme from multiple if not even millions of different people! A 13 yo boy from USA has recently been able to generate 50.000$ of 3 different meme coins that he rugpulled one after another, as people are too stupid to NOT try to gamble their lifesavings on the obvious. https://www.google.com/url?sa=t&sou...cQFnoECBgQAQ&usg=AOvVaw3TnEj17I7gsEgdb_9UTL-S
A major problem for our Soyciety is that people are both opportunistic as they are stupid!
And their getting desperate! The rate of Hopelessness (yes its an actual thing) among Gen Z is at 42% and I predict it will climb towards 50% next year. People are do desperate that they will throw everything that they got into these gambles and will lose it all.
This is BAD - because Desperation breeds people who are willibg to do anything to get what they want!
Except major coins! Such as the OG BTC, followed by more major blockchains with superior technology, faster transaction, lower costs and higher adaption as actual currency. Such are for example SOL, ETH, XRP, LTC, TRX ans belive it or not even a "memecoin" from the LTC blockchain - DOGE Elon Musks favorite coin.
And I consider myself one of the few people on the planet that actually uses the coins as what they are originally were intended to be: A safe guarded online currency! Nowadays you can pay several services, mostly online, with some crypto. BTC is prefered and has been ever since Silk Road.
Now tho, I would not suggest to invest in BTC at all. The overall market cap of it is 2.1 Billion Dollars!
Now will it go 100% in 2025? Unlikely, after all most people are poor and those that already are in it, especially big companies such as Microstrategy Inc might take profits.
But even IF we assume BTC suddenly gets an intake of 2 billion dollars from for example Elon Musk - it still falls below multiple tech stocks.
Investing into BTC while possibly more profitable then the SPY is still not reasonable as much as the latter one.
The Problem
The current main problem of crypto and something that will explode in the future is Rugpulls! Yes Crypto Scams have existed for a while but now they become unreasonable and actually dangerous! See my post on the Hawk Tuah Memecoin Scam
https://incels.is/threads/hawk-tuah...llars-in-10-minutes-scamming-her-fans.688149/
2025 and beyond I FEAR this will turn into quite a sheme from multiple if not even millions of different people! A 13 yo boy from USA has recently been able to generate 50.000$ of 3 different meme coins that he rugpulled one after another, as people are too stupid to NOT try to gamble their lifesavings on the obvious. https://www.google.com/url?sa=t&sou...cQFnoECBgQAQ&usg=AOvVaw3TnEj17I7gsEgdb_9UTL-S
A major problem for our Soyciety is that people are both opportunistic as they are stupid!
And their getting desperate! The rate of Hopelessness (yes its an actual thing) among Gen Z is at 42% and I predict it will climb towards 50% next year. People are do desperate that they will throw everything that they got into these gambles and will lose it all.
This is BAD - because Desperation breeds people who are willibg to do anything to get what they want!
