Brace yourselves, we are about to enter a couple years of euphoria in cryptocurrency, maybe it's not two years, maybe it's a year less or a few more years depending on how the ETF hedge funds decide to play their cards, but either way, this euphoria will come accompanied by an greed-fueled anticipation of gains. However, amidst all of this degen excitmeent, we need to acknowledge and pay our respects to a harsh reality: the crypto space is not a friendly game of tag, but rather a blood-soaked arena where only a handful will emerge victorious.
Despite everyone in your X timeline saying bullshit like "wagmi", "collaboration over competition" and "together we win, the reality is that crypto is a PvP game where if you are looking to come out of it with a 100x profit, 99 other people must lose the game, or maybe even more depending on the size of your bags, but you get the point.
Most people in crypto have one main goal: to time the perfect moment to unload their entire portfolio on the market and leave others bagholding. Trying to time the market is stupid, yet since a huge majority of people try to do it, some of them will succeed on leaving the table with the most chips possible in their position.
This predatory behavior raises a sobering question: who will be left standing with profits, and who will be left drained and defeated?
As Suzanne Collins would (not) like to say, the odds are never in your favor, and only around 10% of the crypto bros who are active during this pre-bull market will make gains. Those gains will come out of the other 90% of this MMORP game called "the Crypto space".
You can almost touch the euphoria in crypto twitter, but if you don't want to get dragged into narratives, honeypots, or blatant scams, it is key to maintain a level of brutal realism, caution, and strategic execution to navigate this perilous landscape.
The crypto arena is not for the faint of heart. The odds are stacked against participants, especially those lacking experience. It's likened to a high-stakes Hunger Games, where survival demands cunning, strategy, and an acute awareness of the cutthroat nature of the game. Those entering the crypto space must recognize that they are not engaging in a friendly competition; rather, they are stepping into an environment where profit extraction often means preying on fellow participants.
While individuals may exchange words of camaraderie, declaring "WAGMI" (We're All Gonna Make It), the underlying truth is that everyone is in it for themselves. The market dynamics shift rapidly, and alliances forged during times of bullish fervor can disintegrate in an instant. The illusion of camaraderie can quickly fade, leaving participants vulnerable to the ruthless actions of others aiming to secure their own gains.
In this game of financial survival, participants must navigate the fine line between optimism and a stark acknowledgment of the brutal reality. The stakes are high, and the majority will not make it out with profits intact. Success demands a shrewd understanding of market trends, risk management, and the ability to adapt swiftly to changing circumstances.
As the crypto journey unfolds, it's imperative to approach the market with your wits about you. The allure of quick profits and the thrill of market euphoria must be tempered with a pragmatic understanding of the risks involved. While the journey may be treacherous, those who approach it with caution, realistic expectations, and strategic acumen may increase their chances of emerging from the crypto arena with both profits and lessons learned. So, as you venture forth, remember the odds are not in your favor, but with careful navigation, you might just be among the select few who emerge victorious.
Posted Using InLeo Alpha
Wow, that was brutal, depressing, and reminds me of myself in college.
People called me a pessimist, to which I replied that I was a realist and they were optimists. The world governed by game theory with most people being selfish and greedy. In some respects all trading is a Ponzi where traders are enriched from the wallets of others.
Pretty much man, it's a harsh truth but in order for some people to buy a yacht there has to be a ton of others that commit suicide...
I can understand what your saying. When Defi Summer hit a lot of coins mooned, but when the lucky people dumped there bags the unexpecting later entrants got stuckk holding the bags. So many will lose a lot, so a few will win a lot.
Awesome post.
!BBH
Glad you liked it man!
@anomadsoul! Your Content Is Awesome so I just sent 1 $BBH (Bitcoin Backed Hive) to your account on behalf of @bradleyarrow. (4/50)
Damn man. Thats some brutal realism there. :D
It's all WAGMI until the liquidity can only enrich a few, then it becomes a pvp game where everyone is out there to kick your ass
Sad, but it's the truth
A need to know upfront. Great words to what looks like the land of milk and honey to most souls and newbies.
PvP in crypto is real, in other for you to win someone(s) have to lose, sad and harsh but true
WAGMI is there to comfort you and use you as exist liquidity when the going gets going.
Pretty much, don't become exit liquidity this time around frens
It checks out as though the odds are in your favor when it all starts. Truth is you have to out Witt the house and as the saying goes the house alway…… timely reminder, a great too to curry as we get deeper into the concrete jungle.
That's the advantage of being early, but with being early comes being greedy, and you can be left holding bags for another cycle (or forever) if you don't make a plan and stick to it
This level of wisdom. Only comes from experience, who is the best teacher. I am tempted to ask what other things do you know about the bull run and where can someone new start from. Given most people in the arena are coming with years of experience and pain, seeking to make back from all the school feels they have paid over the years?
Check my blog fren, I've been sharing a ton of my own experiences about the bull run, cycles and more
One man’s profit is another man’s loss. Who is going to be caught napping. Crypto is a game of musical chairs with winner and losers. Which one will you be when all is said and done. Amazing reminder for an amazing time of tough lessons to be had ahead.
Pretty much mate and it sucks, but such is crypto. For you to do a 100x others need to lose all their life savings :(
A lot of people play down on the value of WAGMI not knowing that it has a lot to offer
@anomadsoul, Your post is a great and much needed dose of reality. Greed and desperation for a quick profit will only end up causing problems in people's lives. If there is a chance for me to take out some profit I will. However, I don't plan to take it all and run. I've been around long enough to understand that there is as least some risk with everything we do in life. I will continue as I have been when I started on this Crypto journey. Not investing a penny more than I could afford to lose.
LEt's not become exit liquidity fren. Take profits and if you believe in a project, buy back when the bears come back to the table