A long post - Most of this is perspective based on several of experience in crypto markets. If you are new and looking to survive in this brutal market, you need to nail down the essence of this post and have this mindset.

I wont talk about individual technologies that make up the market or give you any hints on what to throw money into - you can find these in many places. This post is just about the inner game you need in crypto.

I have been in crypto since 2015, invested in alts that have gone to the moon and to zero, made and lost money on everything from tokens to NFTs to ICOs. I made millions in 2017 and then came close to losing all of it in the crash. Since then, I have take the time and effort to understand what really makes this market work. Today, I play crypto just to make more fiat money, and will continue to do so. I treat the entire space as the definitive speculative opportunity of a lifetime, and dont have any affiliations or emotions with any project and dont think any of them except a bare minimum have any real technology thats going to survive long into the future.

Today, crypto has over 20,000 coins. An overwhelming majority of these are outright scams. Many of them are text book ponzis.

But these are ponzis that you can easily multiply your money, if you know how to play them. Some of the ponzis have daily trading volume in the billions. There is no shortage of suckers who think they are going to become rich bag holding all these junk coins. At the peak of every cycle, crypto is able to suck in thousands of gamblers on a daily basis, at a rate no market has ever seen before. Bubbles and scams of the past like tulip bubbles, dot com bubbles, Madoff scheme etc were extremely limited in the number of participants, and didnt have a viral network like the internet promoting them. All of them pale in comparison in front of crypto.

Crypto is a 24x7 global market with a virtually infinite number of potential untapped participants who can be sucked in. Perhaps crypto’s greatest achievement lies in scaling the ponzi scheme mechanics to millions of people who have absolutely no clue what they are getting into.

Most of these ponzis are created and structured by a handful who have massive experience in creating ponzi schemes anonymously on the blockchain. Thousands of coins didnt come out of nowhere, behind every one of them is a plan formulated by those with a goal of getting rich by sucking hard money out of those who have little understanding of the dynamics of this market, much less the technology behind it.

Crypto is a game where a handful of people make all the money, while the overwhelming majority will end up with a blown up account. This is the absolute reality of crypto. If you have been in crypto for a while, you may not like what I’m saying here, but the market is what it is. These kind of posts are not welcome in almost every crypto forum or sub - because many either dont want to admit it, or havent yet come around to accepting it.

Majority of those HODLing shitcoins are going to lose everything from their deposit to the loan they took out to fund their “investments”.

Yes, there are good products within crypto that can benefit society as a whole, but the overwhelming amount of participants in crypto today are not interested in these. A platform that offers an above average 8% on stablecoins in a decentralised trustless manner isnt as interesting as a ponzi token created out of thin air, that promises to 10x your money in a matter of months, because its the next biggest platform.