MultiversX Tracker is Live!

Saying "We are early" is setting unrealistic expectations on the gains you'll see

All Cryptocurrencies

by COINS NEWS 149 Views

Saying "we are still early" is a form of confirmation bias and coping mechanism people use when in reality we aren't that early anymore. Bitcoin has nearly a trillion dollar market cap and is the 9th most valuable asset in the world. I wouldn't call that being "early" anymore. Ethereum is #20. Large companies are now buying these assets. The days of 100x your money in a year is basically over. As for the shitcoins that do do that, look at the volume at the start. Barely anyone was trading back then.

Do I think there is still a lot of room for crypto to grow? Yes, but this isn't 2011 anymore. Most people who buy now aren't going to make insane gains and that's just the truth of it. There are ~18,000 shitcoins in existence now, back in 2011 there were maybe 5. And the industry just started back then, now it's been around for 12 years. Much different ballgame now than it was back then. I'd say we are somewhere in the middle. Big gains can still be made but don't make the mistake of thinking this is 2011 and expecting a 1000x in one year.

Edit: clearly people missed the point. We are relatively early, but the way some people are talking, they think they can turn $1,000 into $1,000,000. We are at a level where I could reasonably see most coins doing a 10-20X in 10 years. Amazing returns, but unless you put a ton in, not Ultra-rich

submitted by /u/002timmy
[link] [comments]
Get BONUS $200 for FREE!

You can get bonuses upto $100 FREE BONUS when you:
πŸ’° Install these recommended apps:
πŸ’² SocialGood - 100% Crypto Back on Everyday Shopping
πŸ’² xPortal - The DeFi For The Next Billion
πŸ’² CryptoTab Browser - Lightweight, fast, and ready to mine!
πŸ’° Register on these recommended exchanges:
🟑 Binance🟑 Bitfinex🟑 Bitmart🟑 Bittrex🟑 Bitget
🟑 CoinEx🟑 Crypto.com🟑 Gate.io🟑 Huobi🟑 Kucoin.



Comments