INTRO

This is a fickle volatile market.

I like to think of it as a Bogdanov market, that seems to troll you at every turn. When you think you have this market figured out, it does something unexpected and irrational. These coins are the devil's coin.

There's a good reason for this, it's money, it's supply and demand, it's speculation, and it's capitalism. And people in this market are driven by their emotions more than anything else.

But crypto has amplified that with its much more speculative and volatile market.

Sure, those coins have useful tech behind them, and growing utility in this world. But right now, the market doesn't follow tech innovation so much, this market still mostly runs on speculation. And it runs partly on tokenomics (including the famous 4 year cycles), which are a little different from your traditional markets.

This roller coaster market is a place for very level headed people, who have a good sense of observation, can make clinical strategies, and don't let their emotions decide for them.

​

Most people here aren't going to make life changing money.

Sorry to start off with some bad news.

But how many of the people who even made some big bucks in 2021, or had big gains on that Doge coin rally, are sitting here today in their big house that Doge bought, or got enough money that they don't have to work anymore?

Unless you are already wealthy, have a long term plan involving decades, or have big sums you can invest, and already started buying the bear market we had last year, then by "most people", it might include you.

Making it big for most people will require very big risks, or a very long time.

If you're here looking for life changing money, you are probably looking at turning a big chunk of the little money you have into something like over 10x returns. Maybe even a lot more.

And that's where trouble starts.

The bigger the return you are after, and the shorter the time, the more likely you are to get burned hard. So odds are, there's a better chance you either get burned, or only make non-life changing money. Even if many coins do more than 10x.

​

What about all those coins that keep going 10x sometimes 100x, what about all the people who made a lot of money?

It's a probability game. And also requires incredible crystal ball timing. Sure, a minority will get lucky, and turn small sums into life changing money.

"but...crypto had huge gains in the last bull markets, the tech is still bullish, adoption is still growing, and even if we have half those gains in the next bull run, it will still be massive gains"

That's correct.

But even if you had somehow managed to buy before the beginning of the last bull market (and that's a big if), would you have invested enough? Would you have not panic sold after one of the many dips? Not panic sold at one of the many FUD news? Would you have held on long enough? Would you have have pulled out in time before the crash? Would you have avoided the scams? Avoided the rugpulls? Avoided the bad exchanges? Avoided the wrong coins? Had only money in the top gainers?

Probably not.

You would have needed a crystal ball to get that life changing money.

​

Looking at more measured risk and realistic goals.

Forget 100x, or even 10x, life changing money, goals of a house, goals of retiring before 40.

That's the wrong mindset.

All the people who made it big in investments like Buffet, have the same thing in common. They weren't dreamers, they were opportunistic.

They kept their eyes open for value and opportunity.

The people who are gonna make it, are people who are willing to accept what's actually there, are able to adapt, are willing to sometimes accept smaller goals, more realistic returns, measure their risk, spread their eggs, not go all in or all out, not rely too much on timing the market, have more patience etc...

But at the same time, they'll probably have a decent amount of funds to begin with.

Unfortunately, you need money to make money. Even Buffet didn't start from nothing as he'd have people believe. He started with a lot of money.

And most importantly, not invest based on expectation, but based on strategy. With an ability to adapt to circumstances, and not be trapped with hopes of big returns, and goals of returns to buy a house etc... They take what they can based on the circumstances, and based on a laid out plan.

​

Even if you make life changing money, keeping it is no picnic.

Where are those Youtubers from 2017 who were showing off their Lambos? Like most people who are new to making money, they had no idea how to manage it and hold on to it. It got spent, badly re-gambled, and mostly gone by now.

How many celebrities, big athletes, lottery winners, made it big, but lost a big chunk of their money years later?

Even rich people with some experience with money, often mismanage their money, and end up losing big.

Even if you get enough money to have "life changing money", it may not last long enough to really change your life for that long.

​

Conclusion.

Bummed out? Don't be. If you know the reality of what you're getting into, you'll make smarter choices, and end up ahead of most people.

You'll have more measured expectations, and fewer regrets. And actually end up with more money in the end.

You might even avoid ending up like the FTX, LUNA, SOL, Voyager people who went all in.

Or you might avoid being like the people in last year's bear market who got back to square one, lost too much money, bankrupted themselves, had their dreams crushed, raged quit crypto etc...