I have never been this confused with the crypto market before. It’s not following any logical pattern.
One thing is true—the world doesn’t need any crypto other than Bitcoin. But Bitcoin’s transaction speed is extremely slow, and the scammers who hold the key to Bitcoin’s coding will never do what’s needed to increase its speed. Satoshi himself mentioned increasing Bitcoin’s block size in the white paper, but they will never implement it. So, we have no choice but to turn to an alternative faster transaction-capable blockchain. That could be Ethereum with Layer 2 support or Solana. That’s it. We don’t need any other useless blockchain.
In my opinion, all the other cryptos are scams where you are most likely the victim.
Trading futures is also extremely difficult. Many million-dollar portfolios vanish within a few hours.
The people who got rich in crypto mostly did so by the 2020-21 bull market. Back then, we weren’t proper traders yet. We were learning to trade seriously using mining profits, experimenting with different strategies. Some people also got rich in 2023-2024, but only through memecoins—nobody made money from spot or future trading of good projects.
Trading memecoins is something only rich people can afford. You buy 500 memecoins, and one of them might give you a 50,000x gain. But even in memecoins, it’s not just about randomly buying one and making a profit. Fartcoin reached a billion-dollar market cap—if you and I had just seen the name, we wouldn’t have bought it. So, nobody gets rich by accident.
Today, based on my experience, I can tell you something you won’t hear anywhere else—even in a bull market, crypto never stays in an uptrend for more than three months. I saw this in the 2021 bull run. Check the charts yourself. Why does this happen? Because the same people who pump the prices are the ones who sell.
Many people analyze total market cap and make calculations based on it, but I find that laughable. Total market cap is highly inflated. Every day, 100 new coins enter the crypto world, and their market cap gets added to the total market cap. When the market dumps, it’s impossible to determine how much actual money left the market just by looking at the total market cap.
Let’s assume Bitcoin’s market cap is 2 trillion dollars. Now, if someone sells 5 billion dollars worth of Bitcoin, that’s just 0.25% of the total Bitcoin market cap. Such a small sell should have no impact, right? But in reality, Bitcoin’s price will drop by at least 15-20%. That means Bitcoin’s market cap will fall from 2 trillion to 1.7 trillion. Someone sold 5 billion, but 300 billion disappeared from the total market cap.
This happens with all coins. If 1 billion dollars worth of Solana is sold, its price will drop by 15-20% or even more.
So why does total market cap still work? In fact, every chart in the world works—because everyone trades based on these charts. People believe in support and resistance levels. If they didn’t, these levels wouldn’t work.
Anyway, I’ve been rambling for no reason. This market is extremely frustrating. First, the Chinese shook things up with AI, then Trump smashed it with a hammer, and after that, Canada and the Chinese delivered another hit. This bull run’s foundation has been completely shaken.
Another thing—forget about bull runs happening every four years. This was the last bull run, or maybe it’s still ongoing, but there won’t be another one. The ETFs have turned Bitcoin into a stable asset, and Ethereum will follow. A 5% increase will make people jump with excitement, while a 3% drop will make them panic—just like the Nasdaq or S&P. It will take a few more years, but this is the future.
Altcoin bull runs last for only 2-3 months. If you held longer than that, you got rekt.
