Good morning, crypto degens. How are you doing this fine morning? I’m doing great. Today, I want to discuss why people usually don’t make money in crypto. Not only do they not make money, but most people actually lose money. The answer is quite simple. I was on CryptoX today and saw a post by Cup outlining his crypto timetable for 2026. He predicts a bloodbath from January through March, market recovery in April, a bull run starting in May, a pause in June and July, bulls out of control in August, bulls getting tired in September and October, and bears taking over in November and December, leading to a reset.

Of course, it’s unlikely to unfold exactly as he predicts, but this pattern reflects the ups and downs of crypto. People often enter the market when they see it rising, hoping to get rich quickly. When you buy crypto at the right time and see it moving up, you might think you’re on the path to wealth. However, when it drops and you haven’t sold, you realize it’s not that simple. The main issue is that everyone, even if unintentionally, is trying to get rich quick instead of being patient.

I started in 2021 when Bitcoin experienced a significant drop around April or May. I had friends who made huge profits in Bitcoin and altcoins, and I felt like I was late to the party. I decided to invest after the drop, expecting a rebound, but it continued to fall. Despite this, I kept buying. Eventually, the market started going up, and by 2021, the entire market, not just Bitcoin, was booming. I was up three and a half times my investment, even though I made some foolish decisions. Everyone was profiting, and I assumed the market would keep rising as adoption increased. But then it crashed, and I lost almost all my money.

However, I began buying again when prices were low at the end of 2023 and the beginning of 2024. I couldn’t invest much, but I bought what I could. By the end of 2024, I was in a much better position, thanks to a little altcoin run at the start of 2024.

Another altcoin run occurred, albeit a short one. It wasn’t as significant as the one in 2021, but I found myself more than doubling my previous gains, even after losing almost all my money. I was amazed. However, the market dropped again, unexpectedly and rapidly, causing my cash to plummet significantly. So, what have I done since then? I’ve been buying. I’ve purchased a substantial amount at the current prices.

People often enter the crypto market when it’s on the rise, which means they’re buying too late. They don’t sell, and inevitably, the market goes down again, leading some to quit. But if you have patience and invest only in solid projects, you’ll succeed. Crypto has been around long enough to have well-established projects beyond Bitcoin. While Bitcoin remains a staple, several other top coins are gaining adoption and being tokenized. They’re being used by banks, Visa, Mastercard, and big institutions are creating ETFs for these projects.

Patience is key. Avoid risking your money on small coins, small projects, or meme coins. We’re in a cycle of long-term adoption, and currently, everything is very cheap. For instance, Ethereum, while not as cheap as others, is still down over 50% from its high. XRP is significantly down, though I don’t follow it closely as I’m not a fan. BNB is performing better than others, being a little less than halfway down from its high. Solana, for example, is down to 81 from a high of around 300, yet it’s doing very well. Despite its low price, people are hesitant to buy.

Let’s consider coins I’m more familiar with. Avalanche, once at 150, is now at $9, with a recent low of $8. It’s hard to imagine it going much lower. Avalanche is experiencing significant adoption and is poised for long-term success. It’s being used for tokenization and has ETFs. Another example is Chainlink, which is widely used across various applications. Chainlink is here to stay, yet no one wants to buy it when it’s cheap. It was over $50 at one point.

So, that’s like a 5x at least. That’s five times your money if it goes back up to its highs. Before, it was more of a promise, but now it’s a reality. Look at the price. Everyone is afraid to buy when it’s cheap, but if you want to succeed, you have to take that step. You saw the example of how, even though I got in late, every time there’s a run, I’m doubling my money. Sure, I lose some when it comes down, but in the beginning, I was doing crazy things. Now, I just buy the good stuff and hold it. You don’t have to buy crazy stuff.

Portfolio Strategy

Here’s an example from someone on X. He said, “If I had $1,000, here’s my balanced portfolio.” Now, I’m not telling you to buy anything. This is just some dude on X, okay? It’s not financial advice, just an idea. He said, “I’m going to put $300 in BTC, $250 in Tao.” Tao is an AI coin with lots of subnets and seems to be growing well. I prefer AI. I have Near, but Tao is very good. Also, Soul. Soul is, I think, the most used coin. Link is used in everything to connect everything. Then he says, $100 for high-risk gems. So, out of $10,000, he’s only risking 10%. He’s only playing with 10%. That’s fine. Not for me, but that’s fine. You’re playing with 10%. You might hit one. You might get lucky. And then he’s saving some money to buy the dips. That’s a great idea. Absolutely great idea. But most of the money he put in BTC, Tao, Soul, and Link. These are all very well-known, very established projects that are getting real adoption.

Long-Term Strategy vs. Trading

If you stick with that, even if you go through a bear market and everything goes down, what do you do in the bear market? You buy. You buy. You buy. And you keep your conviction. But you have to only buy the good stuff. The alternative is you can try to be a trader. We have this example here: someone turned $33,000 into $181. Now, I don’t understand why you would actually sell at that point—maybe to declare your loss. So, he lost $33,000. People always show their winning trades, but they don’t show the losing trades. Most people are not going to be traders. Most people are not good at this. There are a few people that are, but that’s probably not going to be you. That’s probably not going to be you. And you’re going to be spending all your time looking at it, trading, and stressing over it. You don’t need to do that. You don’t need to do that.

Understanding Market Cycles

Look at the cycles. Let’s go back to Bitcoin. What do we do? What do we do? You can also sell when you’re up. You can also sell. If you take a profit, that’s never a bad thing. But if you want to make it big long-term, we are in a time of adoption. We’re in a…

Adoption and Patience in Crypto

The time of adoption in crypto is upon us, and there’s no need to resort to extreme measures. Over the next several years, we can expect more adoption, despite the inevitable ups and downs. As adoption increases, the value of things will rise significantly. The strategy is clear: buy the most when prices are dropping. You might sell a little at the peak, but if you’re holding quality coins, it’s wise to keep them. Enduring downturns requires patience—a lot of it. In crypto, wealth comes to those with patience and conviction.

If you lose your conviction during downturns, you might miss out. Right now, fear is prevalent, and everything is incredibly cheap. Yet, we are witnessing the best developments in crypto. Institutions and banks are entering the space, and everything is being tokenized on-chain. Despite this, people are hesitant to buy. To succeed in crypto, you need a long-term perspective and must invest in quality assets. A little gambling is fine, but don’t overdo it. That’s my advice for today. Have a great day or night, enjoy your life and family, and I’ll see you tomorrow.