The average person is often blinded to the opportunities right in front of them. The average Joe isn't an investor; they spend more than they earn, work tirelessly to make ends meet, and breaking free from their current circumstances seems unachievable.
I used to be that average Joe until I got into crypto. To some extent, I'm still in that position. I'm selling valuable assets for cheap because I'm stubborn enough to not give up on my crypto life and go back to the 9-5 misery I was a part of for so many years.
At some point, every average Joe comes across life-changing opportunities, and for many of us, those opportunities lie within the realm of crypto. Whether it's gaming, blogging, investing, trading, or chasing airdrops, exponential wealth opportunities are there for the taking.
Back in 2020 (I guess), I had around 10,000 ADA in my portfolio. It was a small portion of my portfolio, and honestly, I didn't believe much in ADA. I don't remember the exact reason why I held those coins, but I know I had them at some point.
I think it was when one ADA coin was worth $0.03. What a garbage coin it seemed like at that time... The average Joe in me failed to see the opportunity my portfolio was offering, just like with DOGE.
2019 and 2020 were quite boring for the altcoin market, much like how 2023 and 2024 will be. The year before the halving and about one year afterward are Bitcoin's years. Altcoins don't perform well during that time, with very few exceptions, of course.
Do you think I held onto those 10,000 ADA long enough to make a decent profit on my investment? If your answer is NO, then you're damn right. I traded those shitcoins for other shitcoins all the way up to the top, and that's how I wasted my second bull market.
As everyone can see, nothing spectacular is happening in the altcoin market. So far, Bitcoin has outperformed them by a large margin and will probably continue to do so until its dominance reaches around 60% or so and finally starts to decline.
The majority is currently in a phase of disbelief. They always think that "this time is different," that there will be no more parabolic runs due to inflation, recessions, and whatever else. But what they fail to understand about markets is that they don't care about economies. Markets are driven by sentiment (fear and greed) and nothing more.
The current boring phase we're experiencing is an accumulation period in my opinion. Personally, my accumulation process has been over for a few months now. However, if I had some extra money, I would definitely buy more crypto at the current levels. Even BTC is a steal if it reaches $100,000 or more.
The average Joe won't buy at these levels. Even if they bought some a few months ago, they'll make the same mistake I made in 2019—over-diversifying or simply selling and missing out on life-changing opportunities. Keep in mind that ADA remained in the $0.03-$0.04 range for about two years before it started its run, but when it did, it peaked at $3.
There's your 100x return, and believe me when I say there will be others achieving the same this cycle. I don't think my portfolio will increase 100x, but even a 10x gain is fine with me. That would allow me to escape the hell I went through in the past bull market. Timing the market perfectly, buying at the absolute bottom and selling at the absolute peak, is difficult. However, some of the best buying opportunities are presented during boring phases like the current one.
Maybe when you look at your portfolio right now, it feels like you're holding nothing more than a pocket full of unappealing promises. But you should know that without a vision, these promises won't make you rich.
Look at what the big players are doing and think for a second: if the outcome is so gloomy, why would they get involved in this shit? Remember Elon's tweet: "let the good times roll"...
Thanks for your attention,
Adrian