A Shift In The Crypto Universe

Speculative

Many are referring to this bull market as the final opportunity for Crypto investors to amass incredible wealth. It’s very much a speculative viewpoint. However, certain dynamics at play endorse this idea. Firstly, when it comes to Bitcoin, halving cycles are offering diminishing returns. Furthermore, the introduction of a Bitcoin ETF will also, eventually, reduce volatility. Not initially, of course. Furthermore, despite the carnage of 2022, we saw a reduction in the depth of Bitcoin’s correction.

Before 2022, Bitcoin would typically experience an 85% correction from its cycle peak. However, Bitcoin only corrected by 77% from its new all-time high in the most recent bear market. As time passes, together with adoption, and institutional involvement, one can expect a type of “taming” for Bitcoin. On the other hand, I still believe that altcoins will continue to offer significant returns. Especially as this industry is still in its formative years.

That being said, before the previous bull market, I hinted that my sights were set on the bull market of 2024. Even though the previous bull market was a rewarding experience, I have been working towards this bull market, in an attempt to create a defining moment… where I will look to move away from speculation as the core of my Crypto income. I am not looking to abandon it, but rather remove reliance upon it.

Essentially, this means that regardless of what the next cycle has to offer, I am looking to have alternative income models in place. This is something I decided to work towards more than 4 years ago, and hopefully, I will be able to achieve it. When you are heavily reliant upon speculative returns, it can become rather stressful. I want this particular aspect (speculative) of Crypto to be more enjoyment-based, as opposed to survival-based.

Heavily Dependent

Bear markets are somewhat challenging for Cryptoneurs. However, I choose to make use of shorting strategies during bear markets, regardless of the opinions of permabulls. As I have said many times…

The only thing that matters in financial markets is being right.

You don’t need anyone to agree with you, like you, or even support you. Intelligence is more than sufficient, in and of itself. Therefore, I have spent years trying to educate the teachable. Acquiring a certain level of market intelligence and efficiency is of significant value… for the sole reason that not many possess it. Influencers and content creators produce content solely for income. Very few offer any valuable insights.

What they tend to forget is that there are individuals who have mentally recorded their “insights” and opinions over the years. Needless to say, they’ve been weighed in the balances and found wanting. However, the average person lacks this level of dedication, and so will continue to follow the pied piper. The beauty of Crypto is however its diversity, regarding income generation and wealth creation.

I have delved into much of what is on offer over the years, and have set my sights on several viable ideas and strategies. However, much of what unfolds over the next year or so will dictate whether or not I will be able to accomplish these goals. Even during these formative months, I have been extremely busy, often pushing 10 to 15 hours a day. Much of this is research, as I am currently harnessing the power of incredibly speculative assets, such as memecoins and micro-caps.

Final Thoughts

Some of these altcoin picks are being shared with my readers regularly, and many of them have performed significantly well. Within a matter of months, we have seen a 50X, as well as a 25X, in the form of BONK and Taraxa. That being said, we are still early… these projects can still rally significantly over the next year or so. Not only that but there are a few which fall into the category of “sleeping giants”.

Identifying alpha is a critical component of arriving at my destination, regarding my Crypto income goals for the future. Eventually, there will be a significant shift. Speculative returns will diminish. Fortunately, there is leverage. However, I am looking to simplify and ease the stress dynamic when it comes to my Crypto income. Hopefully, 2024 will prove to be an enormously rewarding year… and if you are reading this, for you as well! All the best, and see you next time!

Disclaimer

First of all, I am not a financial advisor. All information provided on this website is strictly my own opinion and not financial advice. I do make use of affiliate links. Purchasing or interacting with any third-party company could result in me receiving a commission. In some instances, utilizing an affiliate link can also result in a bonus or discount.

This article was first published on Sapphire Crypto.