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Stop — It’s at This Moment Now When Everyone Thinks Crypto Is a Joke That You Should Take the Plunge

Do you ever feel like your instincts and emotions push you towards caution and fear in times of uncertainty? 

It’s because they do 

Media headlines don’t help in the slightest. 

America is Bankrupt 

Recession looming 

Record inflation 

War in Europe 

You probably instinctively understand you’ll only win if you block out the doomsday fear-mongering and bet on the World figuring it out. 

Lean into your curiosity and make decisions based on your judgment, not the judgement of every Tom, Dick and Sally. 

Yours only. 

Sure, you don’t want to be naive to global events, and you can use so-called “experts” and prominent people in the space as a safety signal or an education guide. 

But when the chips are down on the table, you sure as heck better know why you invested in whatever you bought because you’ll need conviction on your side if your investment descends like an elevator with a broken cable. 

Having made my first investment into Ethereum in 2017, I’ve continued to see the ebb and flow of the digital asset space, and I can tell you with a great degree of certainty that each time the market was down, the next bull run made me feel like I should’ve gone bigger and proactively got my feet wet while everyone was quietly shitting themselves. 

This time things are different, and while I’m no behaviour expert, it’s evident that now is the time to Zig while others Zag. 

Be greedy while others are fearful. 

Take the road less travelled. 

Swim against the current. 

Feel free to choose any vanilla quote you prefer. 

But these truisms have stood the test of time because they contain universal principles that hang around like a foul odour. 

Let’s dive into why now could be an excellent time to take the plunge with Crypto. 

Cryptocurrencies Can Go to a Place You Never Imagined. 

Scanning out from Crypto makes you realise how small the space is and how enormous the opportunity for growth is. 

The digital assets space makes up 0.5% of the global money supply. 

You’re either saying with the balance of probability that there is a 50% chance everything is going to zero, or there’s a 50% chance it’s going to 1%. 

Today we’re at net even. 

So how do you know you’ll be right that everything will be hunky-dory and Crypto will continue its upward trend? 

Tim Draper is a serial investor who is incredible at spotting winning investments. He’s a Bitcoin evangelist and an early-stage investor in now household names like Skype, Tesla, Hotmail, Twitch and Coinbase. 

In the dawn of the dawn, while most people were wondering how these companies would make a profit, he was making substantial investments. 

And he says there’s no guesswork, but a little cheat code exists. 

It’s how you spot an upward trend and see something before it happens. 

He calls it the technology I S curve. And he says if you understand it, it takes out the guesswork. 

According to Draper the curve repeats and happens with every Apex technology that gets adopted. 

Emerging technologies often begin with a wave of excitement and high expectations. However, it’s essential to recognise that they are still in the early stages of development and have much progress ahead. 

While people focus on the price, engineers are working on developing the technology, particularly during Bear markets. 

Draper refers to this as the ‘i’ and ‘s’ curves. The ‘i’ represents the first speculative price increase, while the ‘s’ is the skyrocketing growth as the technology develops and becomes widely adopted. 

Amazon is a prime example of this phenomenon, with its market cap rising from around $100 million during its first bull run to over $1 trillion today. 

The ‘i’ is no tiny blip despite being invisible on the Amazon price chart below. It’s circled in red, highlighting the famous dot com bubble Amazon survived. 

Draper says it’s precisely where we are with Cryptocurrency today. 

People Work in Cycles. 

Investor sentiment plays a significant role in market cycles. 

You can observe cycles of human behaviour and market trends just by looking at a chart. 

Not the news. 

The Cryptocycles all follow the business cycles and a bit of the Bitcoin halving. 

It’s all sentiment driven. 

Just as humans experience emotional highs and lows, financial markets undergo cycles of optimism and pessimism, booms and busts. And periods of expansion and contraction. 

During expansion, markets thrive, driven by optimism, increased investment, and rising asset prices. It often leads to a sense of vitality and a willingness to take on more risk. 

Following these periods, we see contractions marked by downturns, corrections, and recessions. 

It’s what happens — all the time. 

For some reason, we Freeze in shock like a deer caught in headlights. 

When we dig into data from Glassnode, an interesting pattern emerges in the Cyptocurrency market. You can see active addresses and entities surge during every bear market. 

It’s an observation that even during market downturns, the users initially drawn in by the bull market demonstrate resilience by sticking around and remaining active in the cryptocurrency ecosystem. 

Once conditions improve, we’ll likely see these number compound. 

Final Thoughts. 

No one knows what the future holds in terms of short-term market dynamics. 

It doesn’t stop people from giving their best guess to a price-prediction-addicted ecosystem. 

One notable voice and someone I write about often, Raoul Pal, said — “If You Were a Blind Chimpanzee, You Could Choose From a Selection of Cryptocurrencies and Still Get Rich.” 

Pal notably also came up with the log regression chart, which has Bitcoin reaching $600,000 by 2025. Assuming Bitcoin remains one standard deviation below the previous trend. 

Cathie Wood has also said that we’ll likely see Bitcoin over $1 million by 2030, and it’s “a reasonable assumption”. 

Regardless of it all, it’s obvious Cryptocurrency is getting continuous adoption, and it’s now when everyone thinks this is all a giant Ponzi, a joke and maybe even a fad that you should take the plunge. 

If not now. 

Then when? 

 

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