Correction. More like just the past 12 months. The hard work was done by the guys who have been holding for years. Who would have know that life changing trades were capable just a year ago, and even not as far back as many took off right around January. So you could have been in BTC from $100 and waited for years, but you also could have jumped on board just a year ago, and also done incredibly well. You've got SOL from 1.7 that easily did a 100x (although I'm a bit apprehensive about this one since it isn't fully decentralized and they did just have an outage) Then you have FTM from 2.2 cents, and once again a 100x Terra Luna that went from 31 cents to over $30, so again, another 100x By comparison, ETH is a dog having only done a 10x in the past year from $400 to $4000 My current favorite is Cardano, which seems almost cheap still at around $2.70, which is just under a 30x so far. And if we look at ZIL and VET, maybe these are still at bargain basement prices, but you also have to wonder how they have a chance when ETH2.0 and ADA are already very good at what they do. So how much room do we really have for yet another blockchain to fit in the mix? To think so much opportunity lost in not even year. And I didn't even include the gaming side of things. So you've got lots of guys sitting on 100x gains, staking coins that make more per day passively than I make in a whole month working, and I can't help but wonder how on earth does someone really get in now? Sure BTC will probably reach 100k, but that is barely a 2x from. ADA could hit $10 from what I watch, so maybe a 4x. But it almost seems like the boat as sailed in some way to make truly life changing gains from little means. It makes me sad. Clearly you have to be on board with crypto to escape the guaranteed loss that comes from holding USD, but shit, I wanna shoot for the moon!
Naah, man, I've experienced 3 bull market/bear market cycles in bitcoin/cryptos and each of them have provided life-changing returns, but, this latest cycle is the one where I've seen many who have truly made it, with gains in the 10's of millions of $ or even hundreds of millions of $ and of course even a few that have become billionaires I wish I had been more aggressive on this cycle, but at the same time, I'm also very thankful that I'm not. It sounds weird but it's too much to go in detail, so I'll just leave it at that Re: life-changing numbers, it depends on the person. I remember on my first bull market cycle 2013/2014 reading about this guy and being jealous of his luck, and now, I feel sorry for him [edit: actually after reading the article again, he only exchanged 1/5th of his holdings so hopefully he still has a few thousand bitcoins till now and even collected on the bitcoin forks in 2017] https://www.theguardian.com/technology/2015/dec/09/bitcoin-forgotten-currency-norway-oslo-home In 2013, I was able to purchase Litecoins for $1 (it was 10 cents months before), Imagine if you bought $5,000 worth and sold for over $300 when the creator, Charlie Lee, announced on Twitter he had sold all of his litecoins in 2017/2018 Google XVG, a privacy coin that made people instant millionaires when John McAfee promoted it. It was like the first Shiba Inu/Doge millionaire maker XRP, IOTA, TRX were OG cryptos that made life-changing profits in 2017/2018 bull market cycle I know about Eth when it was around $20 but felt I already missed it as it was $2 a few months before, so Eth made many millionaires in 2017/2018 bull market cycle as well as the current bull market cycle It hasn't been the past 12 months only I believe the bitcoin/crypto wealth generation will continue albeit with occasional crashes (bear markets)
Cardano is not that cheap. According to our favorite YouTuber Max, Market Cap of coin is very important. it is like $2 but it is 1/10 of BTC marketcap. I assume they are like ether no limit on max tokens.
As far as 100x, only 2 opportunities I see (if there are others would love to hear). Take a risk on something new (need to do lots of due diligence to make sure there is some salt ). Wait for crash, and then load up. The thing about waiting for crash, it may never come I am pretty tech savvy, and planning to learn this tech inside out. First will launch something simple on Ether, and around Christmas will attempt to build my own blockchain (yes, I am a geek who codes/learns instead of watching Netflix). My projects will not go anywhere, since hype and marketing not something I can do, but this will allow me to get a much better understanding on new things being launched.
Totally agree, but for a coin that can do so much and still be at 1/10 is a very good risk profile in my opinion. Its interesting how the price has been sluggish, so I'm not sure if this is a good opportunity to still get in, or a sign that its not moving forward as well. I just think deep down that ETH is too expensive given that its only hope is ETH2.0. Its far too expensive to use, and people put up with it since NFTs are the rage right now and a $50 cost to transact just seems like the cost of doing business. But it can't survive IMO without this major obstacle being fixed, and until it happens, I'm not convinced. The Cardano chain is already getting NFTs and all that, so it might provide real competition and catching up with even ETH is possible. As for youtubers, I've almost moved on from Max. Yes, I will still watch all his videos, but look at these other suggestions. This guy Larsson is a software engineer, so you might really like him. He worked for Erickson back in the day and knows his tech. If I found him a year ago, I would have jumped into crypto because he discusses how its the future and can't be controlled by the government. Here is a good video to start with, highly entertaining as well. In his more recent ones, he goes very technical both on price and technology. https://www.youtube.com/c/CTOLARSSON/videos Here is another guy that is super smart, Sheldon https://www.youtube.com/c/SheldonEvansx/videos This guy MoneyZG is just like Max, short videos with super helpful content and step-by-step videos https://www.youtube.com/c/MoneyZG/videos And lastly, Benjamin Cowen if you're into technical analysis https://www.youtube.com/channel/UCRvqjQPSeaWn-uEx-w0XOIg/videos
Actually there are a lot of potential applications for a block chain outside crypto currency. Definitely well worth the effort of building your own to see how they work. My guess is that this whole thing will end up a bit like the internet. A few early adopters make a bunch of money, every fanboi jumps in with ridiculous expectations and a huge bubble forms, it pops and everything block chain becomes so yesterday, then gradually people realize it did have huge potential just not quite so huge so fast as the fanbois wanted, and the Amazons of the world who were steadily working away during that dead time come to dominate. If you're ready for that dead time right after the bubble bursts there are lots of opportunities.
Perfect. Tell me what you think of the one video I linked from Larsson. It should have you turning into a crypto believer since its from one coder to another!! LOL
The line that really stood out for me was how money is going global. His example of how local tech cannot compete with global tech hit me hard. Sure, individual countries will each still have their own fiat, but a global digital currency is absolutely the future.