hello guys
if in the last year we weren't sure if we are in a bull market or not, I think since BTC is over 30 k $, there are no doubts left about it.
But, what a weird behavior! Why isn't every coin pumping like the previous time, when any new day meant another 15% or 40% gain and the only sad thing was the wrong choice of the coin and others grew more than yours?
Maybe the time passed is making us (the whales, to be more specific) a little cautious and we prefer to stay in the most important ones (BTC & ETH). And this is happening in the first phase of a bull run. After that, if the price is going to stay high and BTC is playing sideways, then, the next wave of coins is starting to pump - the top 50, because there is need of liquidity for whales to play with millions.
Of course, this is another issues for the market that obstruct it to grow: if a multi billion dollars fund is trying to play in crypto market, it cannot sell all it's investments without making a big dump in the market. And they don't want to lose money. The FOREX market is at least 1000 times bigger than crypto. That's why we have a long way to go until we will play in the big league.
That's the context. But what is the good part of the story?
Well, I have a friend who even doesn't know what the crypto mining means, nor what a blockchain is. Does it mean he cannot make money in crypto market?
Hell no!
Why?
Because he is a business man! He doesn't care how the process works as long as it produces money for him. So, He was at a meeting with other businessmen and he heard about buying some computers who make something (doesn't matter what) and could bring you some good money in the future.
A good businessman is a person of action and the intuition is a big part of the decision, so, he did it. He spent 50 k $ ask his friends to buy some computers for him also to join in their mining group.
After 3 years, he mined 300 ETH and, surprise, the price grew to 1100 $. Of course, as a rational person, he sold 100 to 980 $ and 100 with 1150 $, taking back in that way his investment, but also keeping some ETH for future grow.
Even if the price is dumping, he recovered his investments and energy spendings and got also a big profit, so he is cool with any situation.
Conclusion is: it doesn't matter if you are specialized in something or not, it is important only to be open minded and ask the help of qualified people for technical details, but the decision is in your hands.
My suggestion is to search of what is next train of crypto and not only. Maybe ETH mining has only few months left, so you need to find other opportunities.
So, pay attention of what is near you, what should be the future and try to get a piece from it right now!
Cheers!
interesting