$wen When will crypto sector grow beyond speculation ?
August 4th, 2023

$wen When will crypto sector grow beyond speculation ?

PROBLEMS WITH TEAMS AND PROJECT :

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First there should be a way to make money beyond speculation. There should be some parallel to dividends.

Here we buy most of coins/token in hope that price will increase someday. This is valid for most token if not all. Until we grow beyond this, it is not possible this sector matures.

Most of the successful project that has raised money from 2017 ICO are yet to return anything to the retails. They have useless token and hence going worthless with time. $ZRX , $BAT for example.

Most of the project are giving yields or APY with useless/inflationary governance token with several campaigns.

Their campaigns like trading, liquidity mining wants you to play with real money and in return they give you useless governance tokens. How on earth this is sustainable.

Having said that we are now seeing some product who are distributing money to their token holders like $SNX , $KWENTA , $GMX . I think these product will come out of bear market stronger and will be blue chips of future.

PROBLEMS WITH USERS :

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Everyone is searching for 100x.

Users are so drunk, that in bear market where money is fuel needed to survive they are spending on $BALD and searching for next $BALD.

Most of us with this mindset can not and will not survive. There should not be any doubt about it.

Airdrop hunting is not only thing in crypto space. It is good way to grow portfolio but users are chasing random things and spending lot of resources everywhere to qualify creating mess.

PROBLEMS IN ECOSYSTEM:

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There are more ponzis than actual projects. So outsider or people waiting on fence are becoming more and more sceptical about complete ecosystem.

Every now and then hacks are giving dent to complete ecosystem.

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