Is May the starting point of the bull market in 2025?
The general sentiment within the community is very disappointing, mainly due to the lack of gains in altcoins and insufficient wealth effect.
If we talk about the level of scams within the community, it hasn't changed much since the ETH ICO; what has changed is the liquidity.
There is also a viewpoint that says if liquidity comes, then profits can be made in the crypto space, so why not go for the US stock market?
Actually, there is a difference; when liquidity comes, it is possible for small investments in the crypto space to yield hundreds of times returns. This has always been a place for taking small risks for big rewards.
I believe this community hasn't changed much; when the wealth effect returns, faith will naturally come back. No community can grow without a community, and no narrative can emerge without a narrative.
There will always be innovative things that accompany crazy price increases, making everyone believe this time is different.
Even with insufficient liquidity, there were still individuals printing money daily with a 10 SOL principal last year during pumps.
So the essence of the crypto space is still a place for taking small risks for big rewards. Its characteristics are extreme freedom and liquidity, allowing anyone to jump in and take a gamble 24/7. What is lacking now is just a moment of easing.
For young people with little capital, staying in the crypto space to seek opportunities is a relatively good path. As for those already at A8/A9 level, the situation is indeed quite similar everywhere; the capacity of the crypto space might even make it less advantageous than the US stock market. However, if one does not have that capital, it is still easier to witness miracles by staying honest in the crypto space.
