The market isn’t exactly the same as it was 5 years ago. You can’t make profits as fast as before.
Sure, there will always be these memecoin and shitcoin pump and dumps but those rely on pure luck depending on when you exist.
I think a vast majority of people still treat the market like it was back in the day and get really frustrated when they don’t see the same mega quick gains that people back in the day saw.
This is somewhat bad cause this is driving a lot of people to invest in shitcoin scams that promise results way too good to be true and these people are no longer interested in investing into legit projects and waiting for later gains which are more or less guaranteed.
The fact that a coin like Doge is in the top 10 next to projects like Ethereum and Cardano is concerning. Lets not also forget Shib is ahead of Polygon which actually has technology backup and use cases. In fact Shib, a coin that is backed solely on community hype, is ahead of BitDAO, a token backed by the largest treasury in the market with more than $500 million of ETH in said treasury. This is so bad on multiple levels and shows that many people are looking for instant gratification and profits.
I think it’s about time that we started focusing on development and fundamentals rather than the immediate profits we can churn out.
I get it, profits are the entire reason we entered this market but it shouldn’t be the sole reason for us to stay. Some projects really deserve to be HODLed for the long term.
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