Crypto Keeps Adding Coins || Every Bull Run Gets Harder! (Gold will remain gold and silver will remain silver)
It has become much more difficult to make money from crypto compared to every previous cycle because in every cycle, new crypto coins are being launched, new altcoins are appearing or in simple words the number of altcoins keeps increasing.
Every day I see new coins being listed on Binance through Launchpool. This is just the story of Binance... the same process is also happening on other exchanges.
In the previous cycle` the biggest problem was that because of so many altcoins we did not see a proper bull run except for some altcoins that pumped very well. Most of the others remained at their previous positions or even went down to their low levels.
In this cycle the competition has become even tougher. We are seeing even more altcoins being launched. Now it is not just crypto versus crypto.
Instead public companies from every sector have their own branches, along with technology stocks, ETFs and many other options which have already distributed the capital flow.
Even investors are now confused about which altcoin they should enter and which project they should choose. This is an extremely difficult and challenging question.
Before this when I remember entering the crypto market in 2017–18 I remember that there were only a few specific cryptocurrencies and altcoins where money could easily spread into those opportunities. And we really saw a very strong bull run.
XRP, ADA and even our beloved coin Hive have had very strong pumps and we have also seen their all time highs.
And this is the reason why I say that altcoins will struggle even more. Only a very small number of projects will outperform. The majority of these coins will not perform well and some of them may even become failed projects and eventually get delisted.
And my guess is that the projects which are building good infrastructure for the next wave such as tokenized stocks and real world assets and which have real use cases are the projects that will perform.
Now surely this question will also be in your minds... Which projects should we choose so that our investment remains safe?
Personally from now on I would choose metals only...
This is why I myself am now tired of crypto and I have turned towards metals.
Most of my investment has now moved into metals with gold and silver at the top of the list.
I invest in silver in the form of physical bars while on Binance I do hedge trading in gold and silver where my aim is to generate small profits over time through this hedge trading.
What is my reason for switching to metals?
The reason is that metals have real use cases.
There is no chance of a new metal being launched. Gold will remain gold and silver will remain silver. And day by day the demand for them will also continue to increase.
I hope you guys will like this post and is interesting as well. If you find it informative then dont forget to give me a support. Share you reviews in the comment section below. Thank you all for your time reading the content.
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REMEMBER: We should prepare for the unexpected and always hope for the best. Life may not be easy but you must do your best and leave the rest to God...
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