When I started with crypto in 2013 I was taking a small gamble as I was (relatively) young and in good health. I was single, living paycheck to paycheck and managed to scrap together money to acquire some mining rigs. I’ve never exited since. The mining rigs turned inefficient and were shut down around 2019.
Now I’m an old man with a considerable amount of my personal wealth still invested. 90% of the projects I’ve contributed towards have gone to near zero, but that has been outweighed by the few successful projects over time. I don’t have the energy or time to sit and analyze whitepapers and network statistics all day anymore. I’m growing lethargic and life has taken much of that spare time from me.
There were plenty of projects that were shut down over time by corruption from within or regulations; Such as Privacy coins basically being banned from KYC trading, or the burdens of tax compliance, or assholes like FTX. Also don’t ignore the outright scams that plagued social media and prospective new investors.
I am still convinced this is the future of finance and not just a meme. I’ve seen complex transactions take place that are seriously technological feats while preserving the decentralized and open nature of crypto. I just don’t know which projects are making new strides using the tech. Back in the old days there would be hype over website updates and a new wallet accepting a coin. Now I just don’t have the time to look into what is the next thing.
Honestly I hope we are not all just sitting and waiting for ETFs to make our market moon and waiting while they are taking control of what has always been an open market.
So what’s good?
submitted by /u/watahboy
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