Prior to the approval of the BTC spot ETF, there was a strong indication that we would not see a bull run or rally. Many analysts were convinced that without the ETF, there would be no bull run, which created a sense of FUD anticipation. Months after the ETF approvals, there is another argument that the spot ETF is now a threat to BTC's decentralization and is only used by wealthy individuals to store their wealth. For me, I can not say that the ETF improves BTC or crypto.
It is just one of the inevitable evolutions that will occur in the crypto space over time, and it has a role to play in the adoption and advancement of the technology, rather than necessarily improving or changing BTC or crypto in any way. But I get the sentiment. Many people are concerned about what the next 12 months will hold for cryptocurrency, especially since most alt projects have not made a massive push.
Of course, not many people expected meme projects to take off, but one thing I have learned about cryptocurrency is that the power of a community can propel any project to any height. I believe that we have reached a point in crypto where community and product can determine how well a project performs, which is why I believe that people should focus on their projects rather than liquidate their assets in search of greener pastures. There are no greener pastures in cryptocurrency; only greed drives people to invest in what others have built while abandoning their own.
Community Over Market Cap
At this point, I believe that any project that builds and prepares well, combined with effective marketing, will experience a profitable bull run. At this point, BTC will not do X100, which means that the $100 you put on it will not result in the thousands of dollars in profit you seek. Do not be misled by the market into believing that the ETF and billionaire interest will only cause a bull run in BTC.
Unpopular opinion.
More than half of those who invested in meme coins with a strong community will earn more money than those who abandoned their projects to invest in BTC. This is because the market creates uncertainty about which coins will rise and which will fall. People are fond of predicting the future based on what they know now, but we know that this does not work in cryptocurrency.
A Case Of Splinterlands
For example, many Splinterlands players believe that the game will not replicate its success in 2021. While it is possible that this is true, it does not necessarily imply that it is a fact that has been signed and sealed. True, the project owners are still in over their heads and are not hitting the nail on the head, but they have the best interests of the game in mind and are doing their best.
For me, the success of any cryptocurrency project in the long run is largely dependent on the community's efforts, rather than the current price. It is not time for the alts yet. However, you may be surprised to learn that some projects you never gave a chance will perform even better.
Why? Community.
Many people are currently doing the same thing here: selling their Hive bags and going to buy Solana or ETH, forgetting that the project was created to pique their interest. It is common for some men to prefer women outside when they can invest directly in their wives to "be" the type of woman they want. More like the prodigal son in Luke 15-11:32, who asks his father for his inheritance, then goes away to squander it before returning to seek redemption.
Hive is arguably one of the best out there, but we have not designed our projects well enough to compete with the best. This does not mean we can't; we just have not had that eureka moment, that perfect tip of the spear that will propel us forward. We can do it; we have not yet, but that does not mean we won't. We are where we are, and we have not regressed; we just have not kept up the pace we should have; full throttle, etc.
I understand that people are becoming increasingly anxious, and they want to know what is going on. However, until the bull run reaches its peak, no one can predict with certainty which projects will outperform their previous ATH and which will not.
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