Discussion of if investors are still early or too late took place on Twitter between several crypto influencers including the Nansen CEO.
It started July 10th 2022 with @marwolwarl tweeting that it was still possible to make money from crypto over the long-term from holding Bitcoin or strong Layer-1 / Layer-2 altcoins, but the days of turning $500 into millions were over – for example some on crypto Twitter bought Verge (XVG) at 1 SAT.
He also compared crypto to a ‘mature collapsing ponzi’ with regulations around the corner for the industry, so it’s no longer the get rich quick scheme it seemed like in previous cycles – such as the 2017 bull run.
The Nansen CEO (an NFT market tracking site) Alex Svanevik – who has 115k Twitter followers – disagreed, saying he’d heard the same mantra often repeated in 2018.
In a tweet thread he gave some 2021 examples such as buying Axie Infinity early (which had a +160,000% bull cycle) and the Bored Ape Yacht Club which had a mint price of $200.
lot of discussion on TL if there will ever be opportunities again
still are and still will be
crypto will remain least efficient market with the highest % chance someone can get rich from small $ for quite some time
altho will be much harder than 17'/21
not hopium, just truth https://t.co/IvGfgBybPH
— GCR, Ezekiel X (@GCRClassic) July 10, 2022
One of the best crypto traders, @GCRClassic – who has 66k followers – also weighed in saying there will always be opportunities, and while it will be harder today cryptocurrency will remain the least efficient (i.e. easiest for beginners to beat) market, and friendly to retail investors.
Alex Svanevik did note that all crypto investors are unlikely to hold from the bottom and sell the exact top, both in the past and now in 2022.
DeFi analyst @Route2Fi tweeted that ‘One of the biggest misconceptions about crypto is that it’s a quick way to get rich. But the truth is that most people that made it had to take a huge risk at some point. It’s easy to say that those who bought into BTC and ETH early on were lucky. But remember this was risky too.’
Battle Infinity – Best New NFT Game
Our Rating
This article was written for Business 2 Community by Matt Williams.
Learn how to publish your content on B2C
Hailing from Northampton UK, Matt has a keen interest in stocks and crypto, and ways to earn passive income online to achieve financial freedom.… View full profile ›
Join over 100,000 of your peers and receive our weekly newsletter which features the top trends, news and expert analysis to help keep you ahead of the curve
by Personal Branding Blog
by Mary Lister
by Ayo Oyedotun
by James Scherer
by Shane Jones
by Brent Carnduff
by Ayo Oyedotun
by Jonathan Furman
document.getElementById( “ak_js_1” ).setAttribute( “value”, ( new Date() ).getTime() );
Thanks for adding to the conversation!
Our comments are moderated. Your comment may not appear immediately.
Note that the content on this site should not be considered investment advice. Investing is speculative. When investing your capital is at risk. This website is free for you to use but we may receive commission from the companies we feature on this site.
