Are you excited by the crypto bull market? Well I have some bad news for you.
If you are like most crypto investors, you will miss this bull market. The best opportunity of this bull market is not what you think. Let’s talk about it.
The bull market
Bitcoin is about to hit $100k. This is not a distant dream. It’s finally happening. There will be some resistance, we might see a pullback. But long-term, it’s huge. Because $100k is a psychological threshold.
Once we go past this level, all hell will break lose, and we will see a massive inflow into the market.
All the stars are aligned. There was never such a good time to invest in the crypto market since 2021. Think about it:
- Crypto ETF: ✅
- Pro-crypto president: ✅
- Gary Gensler, famous anti-crypto head of the SEC on the way out: ✅
- Central bank lowering interest rates: ✅
- Booming economy: ✅
- Polymarket, the first crypto app to reach consumer mass adoption: ✅
- Modern infrastructure to support crypto developers, like a myriad of APIs and developer tools: ✅
- Crypto builders who get their motivation back: ✅
- Your grandma asking you about Bitcoin: ✅
How could you NOT be excited by crypto right now?
But it’s not what you think: most crypto investors will miss this bull market. What most people do? What are you going to do? Let’s discuss your options.
Investment
The easiest thing is to buy some Bitcoin, and sell it later. No sophisticated trading strategy. You just keep it super simple.
Most people think that they will be able to sell at the top:
- Some people say the top will be in 6 month.
- Some people say it will be in 9 month
How could you know?
There are so many factors to consider, and a lot of it is due to chance:
- What if there is a new war? In the Middle east, things aren’t looking too good.
- What if things go out of control with Russia?
- What if there are some unexpected bad economic indicator?
So many things can go wrong. It’s notoriously difficult to time the market.
It’s also very difficult to control your emotions.
Let’s say you buy Bitcoin once it reaches 100k, hoping to sell at 200k. Well what if it reaches $200k, but very fast, there is still a lot of momentum in the market, and you are not sure if it’s going to go higher or not. Can you imagine the FOMO?
If you want it could go to $300k, maybe.
So to solve this problem you could DCA out. DCA or Dollar Cost Averaging is a simple technique to buy and sell assets.
When you DCA out, the idea is to sell the same amount of assets for a certain duration, to lower your risk and get a better selling price.
For example, if you buy Bitcoin now, and you anticipate it’s going to peak in 6 month, you can start to DCA out in let’s say 3 month, over a period of 3 month.
That’s already better than trying to time the top. And you might make some money. But that’s not the best way to get the most of this bull market.
There are ways better opportunities out there.
Trading
The next option is to do some trading.
The main difference between trading and investment is the duration:
- Trading can be anything between a few minutes to a few weeks
- Investment is longer.
For trading, it’s better to stick to the top coins, because they have more liquidity, like Bitcoin or Ethereum.
When you trade, you will spend a lot in trading fees, so you want to make sure you chose market with a high liquidity, because the trading fees will be lower.
And when you do trading, you have to pick a strategy. There are so many strategies to chose from:
- There is day trading, where you buy and sell within a single trading day, based on technical indicator. The reason for not staying too long in the market is to protect yourself against large price movements.
- There is scalping, where you identify a price trend and you hold your crypto for a period of time to profit from price swings.
- There is range trading, where you ride price movements contained in a range.
And I could go on and on. Which one should you chose?
It depends on your risk preference. But it’s really hard to decide. You will find some “experts” that tell you thay day trading is better, some expert that tell you range trading is better.
And it’s impossible to verify how good they are: You just have to believe them…
It is possible to make money with trading. But if you want to reach that level, you have to spend a lot of time. You have to do a lot of research, doing some backtesting, using some historical data. You have to understand risk.
You cannot just wake up at the last moment and decide that now you are a trader. You don’t improvise this. You have to be prepared for the bull market. It’s too late already.
Most people who do crypto trading end up losing money. The only winners are exchanges who collect trading fees.
So I am sorry to disappoint you, but it’s not what you will leverage this bull market.
Memecoins
Ok, well, what about meme coins? This a new trend in crypto.
The idea is that it’s much harder to trade big coins because you are competing against whales. Whereas with meme coins, the liquidity is much more fragmented, and you don’t compete against whales. This a level-playing field.
There was a recent study that showed that up to 98pct of meme coin traders lose money. Why? Because there are so many scams in meme coin. Again, a false good idea.
Trading bots
Ok, well next idea: trading bot. We can money with trading bots, right?
A trading bot can mean anything. It’s just a way to trade programmatically. So you can implement any strategy with trading bots: day trading, arbitrage, etc…
I have already made another post on trading bots, so I won’t repeat myself here. But the tldr is that with trading bots you compete against professional teams that are much faster, much more knowledgeable than you, and have much more money.
It’s possible to make money with trading bots, but it’s much harder that most people think.
The real opportunity
Ok, so what else is out there? Which investment strategies we haven’t reviewed?
Well, you gotta think outside of the box.
Investing in crypto is not the best way to leverage this bull market. I know. Crazy idea. What is it? Making pizza?
So all you see in the news is the crypto markets. The price action. And while you are obsessed with the price action, there is a whole industry that is moving fast.
What is a crypto currency? It’s based on a technology, right? It’s based on Blockchain.
And the Blockchain industry is hiring. It’s in desperate need of competent Blockchain developers. And it offers top salaries for that.
You can start at $100k, and later, depending which subniche you chose, and how good you get, it can go up to $400 or $500k per year. This is a solid plan.
When there is a crypto bull market, it also attracts a whole army of crypto entrepreneur. And this creates a huge imbalance in the job market. All of a sudden you have this massive increase in the demand of developers, but the supply doesn’t magically increase.
This is why it’s so much easier to get your Blockchain career started during a bull market.
And before you tell me “Oh why don’t you do it yourself if it’s so good”. Well I am doing myself, and I talked about in another post.
And because it’s the bull market, I didn’t have to pass any interview. I just had to show them my CV, my Github, and that was it.
So this why the best way to leverage this bull market is not to be a crypto investor, but to be a Blockchain developer.
And sometime, you can combine both, but in a smarter way. Let me explain.
A lot of crypto projects pay you with fiat, but also in crypto. If they have a token, this will often be part of your compensation.
For example, if you are early in the project, you could get, let’s say, 1pct of the token supply:
- If the project reaches 100M market cap. That’s $1M for you.
- And $100M market cap is not impossible. Many projects are way above that, especially in a bull market.
- $1M in one trade. No need to spend hours every day trying to find the next little shitty trade in crypto.
For example, right now I am working with a crypto project, and I do have some token allocation. My estimation is that if this project is successful, it’s going to be a nice bonus of between 1M to several millions. But this is just a bonus, and I am already more than happy with the base salary.
What matters is that long-term, being a Blockchain developer is a great career, you can’t really lose. So don’t be like everybody, blinded by the crypto markets. This is not where the gold lies.
The gold is in Blockchain development.
Black Friday
On November 29th, I am launching a brand new Blockchain academy, the 30 Day Academy. This is going to a course platform based on challenges. You will have one challenge per day, for 30 day.
And for the launch on Black Friday, I am going to do a special deal. To receive this deal, register with this link.
All right, that’s it for this video, bye!
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