Why I Am So Worried About Crypto In 2024
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- เผยแพร่เมื่อ 8 ก.ย. 2024
- In this video, I talk about one of the concerns I have with the market this year focusing on the sheer number of upcoming projects and tokens we are going to see this cycle. I explain some of the projects and why I am worried about the token inflation effect.
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The valuations are quite literally insane/irrational and I think this will retrace over time which is precisely what makes this game so PVP. Ride the inflated narrative and then get out when you can.
Precisely man well said
Thank you as always sehr
my pleasure!
Good video Wajahat. This might be hopium, but I think if we zoom out we’re in a transitional period where the DeFi grifters and forkers, and the high FDV infra and L2 tokens, are being seen for the get-the-devs-rich-quick schemes that a lot of them are.
We have this idea that everything “resets” during a bear, but market participants are actually evolving and getting wise to this stuff. My thesis is that we’re shaking a lot of this nonsense off and moving into a period of originality in both applications and tokenisation (i.e. good apps + fair token launches & emissions).
Hopefully. 😁
I do agree in the sense we are seeing a change in people’s outlook on these predatory tokenomics. Looking forward to seeing how the new upcoming tokens do their launches.
Otherwise, the teams & VCs will continue to do what they do. I like your hopium though!
I have the same concerned and building a lot of anxiety around it
It’s a tough market man!
I guess a video on tokenomics will be helpful for the community
Ahh yeah good shout
So you expect this hardcore pvp economy will continue the whole cycle?
Either you get in an early round as KOL or snipe new launches or gamble on memes. If not you will get dumped on by early investors.
That’s a very depressing outlook for this bull market. 😅
So far it’s incredibly PVP. You’ve had pockets of outperformance in sectors like memes and AI but if you look across the board some coins are still at bear market lows. (& these are decent coins too from a fundamental perspective).
I’m interested to see how this changes if it even does. What doesn’t help is the ridiculous alt coin inflation that we have on going right now.
Will this continue all cycle?
To some extent yes, unless we get massive capital inflows I see many coins not reaching ATH. I’m watching global liquidity, on chain liquidity, stable coin marketcap. Seeing this go up + some risk on environments will be nice.
Will keep a close eye on the data.
At this point, everyone is just running Sam's playbook, low float scheme.. Squeezing out the last retail that was left in a market.. just imagine if retail won't make money, they won't tell their friends and there won't be any new people coming in
Low float high FDV has been the VCs dream. Unfortunately it’s retail like us that get taken out and squeezed.
I wonder if we a shift or change in ‘narrative’ now that everyone is clocking on to how parasitic this is. Cobies article was great on this too.
Hopefully we will make it 🙏
Great point sir ! How would you say we can navigate around this issue ? Plus I like these sorts of videos a lot as well
- be very careful of unlocks
- rotate profits into blue ships (BTC/ETH/SOL/Stables)
- don’t go all in on low float high FDV tokens
- hedge yourself / take profits when you’re up nicely
- perhaps now we’ll see a shift in focus where fully vested coins perform stronger. I’ll be looking very closely at where strength lies.
Good to know! I’ll do a few more like this over time. Any specific topics you’d like?
@@WajahatMughal Thanks Waj! On average over time approximately what % of your portfolio is in stables?
@@wilkieboyforlife sub 10%, it varies as i rotate profits and move around into different farms quite regularly. In current times, its sub 5% of overall portfolio
@@WajahatMughal
A few videos I'd suggest:
Tracking narratives or latest narrative updates as I can never keep track of the latest ones, feel like I'm always two narratives behind
How or when to take profits and how or when to rotate. Of course everyone has their own strategy but it'd be good to know your perspective on it
Another one I'm interested in personally is how to become a KOL 😂
@@razirizvi1418 Got it! I could do some of these next week
I've given up on alts, retail won't come back if they continually take the losses....So VCs can pump and dump on us?
It’s a very tough pvp market. Sentiment seems to changing on the low float high FDV tokens but let’s see if this actually happens or not.
what do you mean by total 3 only includes the top 125 tokens? thanks Wajahat
Total 3 the indicator only takes into account the top 125 coins. Doesn’t include any of the other coins especially the insane number of new ones. The market cap of coins outside the top 125 is increasing exponentially.
you are midcurving it!
What’s your opinion on it?
@@WajahatMughal Maybe those coins underperform, alts in general continue more competitive.
Market as a whole continues to trend up.
I mean the majority of new coins come under this low float high FDV category. The list I showed are just some of the big upcoming projects & unfortunately they’ll suck liquidity.
Crypto is wild west, zero regulations, so all these projects are doing whatever they want, and as we can see they don't care about decentralization, holders or anything else besides profits, how can we blame them if everyone who got into crypto wants returns? As you said, you are concerned about the profits, nothing about crypto philosophy and the rest of the ethos yada bada. Vcs will milk crypto until it will go to zero, that's it. Just enjoy the ride if possible 😂
They can get away with it too. Build some worthless infrastructure as long as it has buzzwords like ‘ZK’, ‘Modular’ or ‘AI’ it’s goes to insane valuation.
They’ll keep milking it until the valuations normalise, people getting recked this cycle is guaranteed for now.