Has Crypto Lost Its Way?

[Abiky]

I like your explanation, Crypto today no longer has good quality as a future crypto project, it's all about how to earn more money to get rich quick and just take advantage of the hype that is only temporary.

The birth of NFTs and meme coins is getting out of control so that anyone can create their own meme coins under any name, but it has become a trend that has so far happened on all crypto networks.

Crypto is filled with junk coins, abandoned projects and many scams occur.
I also come from a past era where crypto projects were very serious and enthusiastic about building a crypto ecosystem with better innovation,
not just junk coins or copycat projects, It is really well-developed.

But whether or not the good old days for crypto will return, it's about widespread crypto adoption but not being matched by good quality.
People need to know what crypto really is, and this crypto ecosystem is no joke.

The problem is that mainstream media keeps promoting Bitcoin as some sort of prosperous investment that will make you rich quick. People are only in it to make a lot of money. Not because they care about its tech or ability to change our world for the better. Same goes for "meme" coins and other "shitcoins". Developers are just going along with the "flow". The vast majority of them aren't even building quality projects anymore. I wouldn't expect that to change anytime soon.

Things are even worse these days with platforms giving people the ability to launch their own token/cryptocurrency or NFTs without any coding knowledge or technical expertise. Just a few clicks away, and you'll be able to build your own "scam" with ease. So you can see how the industry denigrated over the past few years. At least, there are a few developers building innovative projects. The crypto industry is around 15 years old, so I'd give it more time to mature to see what happens.

[deadsea33]

Well no I do not think it is like this crypto lost its way. I do think there is alot of hype for projects that investors do not know about. But they want to make some quick gains so they will say a project is a good project. And now there is more government getting involved and want to know how much crypto be hodl. I do not like it like that but if it does mean to make it legal to invest in it then it is ok for me.

It has become harder to find gems nowadays.
And investors feel that too, I believe
It became even more essential to dig deeper to have a better perspective of any project, really. Nobody will except you.

It is true that the current situation makes it very difficult to get good projects. But I think at this time there are many projects from which it is possible to earn good amount of money. But one thing you should always remember is that nowadays it is very difficult to choose good coins. If you are a successful trader then you know about the market and understand the situation very well. I can suggest you some like sol, matic bnb, eth you can hold them if you have some money left.

I see a lot of things like today's big project owners not being able to uncover the good side of the project at this point. They want the market to be better. Then they can work on their project well and move towards improvement.

[peter0425]

Have we strayed too far from what crypto was meant to be?

In the rush for quick profits, many are forgetting the true potential of blockchain technology.

You’re right that many projects these days are just all about gaining profit as quick as possible however I still believe that this gives way to innovation and growth in the crypto space. The need to stand out allows projects to make something unique, to invent something new and something unheard of.

So, here’s the big question: If people are so eager to adopt centralized stablecoins, what’s the point of crypto? Why not just stick with fiat and the traditional financial system? Has crypto really lost its way?

I don’t think this is crypto’s fault. This happened because people wanted to have crypto without actually having crypto. Which I know is ironic. But in order to influence more people, some of these sacrifices are to be made. To me as long as they know the difference between cbdcs, etfs and actual cryptocurrency then I am all good.

I like to think that it’s all for now because later on they will realize the true value of crypto.

[ethereumhunter]

That's what everyone expected, The crypto boom that will make history for crypto like Bitcoin reaches a new ATH and more and more mass adoption is happening.
Just have to wait for the explosion to happen, now you just have to get ready and fill your bags with BTC and your favorite top altcoins.

That time will comes soon and could happen in the next year. The crypto boom will make people amaze and never think of it so they will come to crypto with having many reason but the main reason is they want to make money from crypto. Crypto will become more popular than previous years and although the fluctuation still happen, people will figure out how they can deal with the risks because they know that crypto will have risks.

So crypto now it's not lost its way and still wait for the right time to rises. The rise will be bigger than a few years ago. We must be patience and fills our bags with Bitcoin and make sure that we still buy Bitcoin at a low price.

[FortuneFollower]

That's what everyone expected, The crypto boom that will make history for crypto like Bitcoin reaches a new ATH and more and more mass adoption is happening.
Just have to wait for the explosion to happen, now you just have to get ready and fill your bags with BTC and your favorite top altcoins.

That time will comes soon and could happen in the next year. The crypto boom will make people amaze and never think of it so they will come to crypto with having many reason but the main reason is they want to make money from crypto. Crypto will become more popular than previous years and although the fluctuation still happen, people will figure out how they can deal with the risks because they know that crypto will have risks.

So crypto now it's not lost its way and still wait for the right time to rises. The rise will be bigger than a few years ago. We must be patience and fills our bags with Bitcoin and make sure that we still buy Bitcoin at a low price.

The time will come, you are right.
We should strive to find more projects with real utility that will be rewarded with funding and good investors, rather than just going for the hype, though.
Patience is key, and analysis too.

[Sebas.tian]

What do you think? Are we ready to steer the crypto ship back on course and focus on long-term stability and freedom? Would love to hear your thoughts about this!

People are free to invest in any coin they want. You cannot stop anybody from buying a stablecoin or other shitcoins. There will always be hype which will attract people to invest in pump-and-dump projects. Everybody has their preference. But in the end, Bitcoin is king.

I see that you are advertising a project. The only project I might be interested in is a type that promotes self-custody, privacy and Bitcoin adoption. If you intend to advertise in the forum, you can go to the service section and start a thread that explains your service.

Since you are not the one giving them the funds to invest in that coins, you don't need to control them where to purchase and sell, because you don't have the power to stop them not to purchase the coins that will favour them in the future and it will be good for such investors to make a good decision that will make other investors to believe that they make a good decision. Never you ignore Bitcoin no matter the condition you find yourself in the community when you are about to invest, because Bitcoin and altcoins are good projects you can invest any amount of funds in a due season and you will be happy when the time of harvest appear in the community. Good projects promote themselves in the market, for example, Bitcoin, Ethereum and Solana which their population is increasing everyday and their investors are making good income from those projects to encourage others people to embrace the projects too.

[FortuneFollower]

What do you think? Are we ready to steer the crypto ship back on course and focus on long-term stability and freedom? Would love to hear your thoughts about this!

People are free to invest in any coin they want. You cannot stop anybody from buying a stablecoin or other shitcoins. There will always be hype which will attract people to invest in pump-and-dump projects. Everybody has their preference. But in the end, Bitcoin is king.

I see that you are advertising a project. The only project I might be interested in is a type that promotes self-custody, privacy and Bitcoin adoption. If you intend to advertise in the forum, you can go to the service section and start a thread that explains your service.

Since you are not the one giving them the funds to invest in that coins, you don't need to control them where to purchase and sell, because you don't have the power to stop them not to purchase the coins that will favour them in the future and it will be good for such investors to make a good decision that will make other investors to believe that they make a good decision. Never you ignore Bitcoin no matter the condition you find yourself in the community when you are about to invest, because Bitcoin and altcoins are good projects you can invest any amount of funds in a due season and you will be happy when the time of harvest appear in the community. Good projects promote themselves in the market, for example, Bitcoin, Ethereum and Solana which their population is increasing everyday and their investors are making good income from those projects to encourage others people to embrace the projects too.

They are the big ones and established themselves, you are truly right.
Getting your funds into them and seeing results from it is a long way, but it's a stable one at that, in my opinion.

[taufik123]

-snip-
Things are even worse these days with platforms giving people the ability to launch their own token/cryptocurrency or NFTs without any coding knowledge or technical expertise. Just a few clicks away, and you'll be able to build your own "scam" with ease. So you can see how the industry denigrated over the past few years. At least, there are a few developers building innovative projects. The crypto industry is around 15 years old, so I'd give it more time to mature to see what happens.

Yes, it is easier for the scam to happen with NFT projects that were initially based only on hype and then abandoned.
The success of NFTs is also due to the artists who made them so that their marketability will be better and investors will believe that it will last for the long term,
but that will not guarantee either.

A 12-year-old boy, Benjamin Ahmet, created an NFT that made him millions of dollars easily.
this became a craze when NFT hype, but now all NFTs are on the decline and some are abandoned.

https://nftnow.com/features/meet-the-12-year-old-coder-whose-nfts-earned-him-more-than-5-million/

-snip-
So crypto now it's not lost its way and still wait for the right time to rises. The rise will be bigger than a few years ago. We must be patience and fills our bags with Bitcoin and make sure that we still buy Bitcoin at a low price.

Yes, and that is everyone's hope, waiting for a bigger crypto resurgence and being able to make new history.
Now just fill your bag full and get ready for the next bull market, Don't waste the opportunity to buy Bitcoin and altcoins that are still cheap.
all will reach a new ATH in time.

[taufik123]

-snip-
It will happen in no time, really, the question is not really when, but to what extent.

How far you can hold on and what is the target price you want to achieve.
Since everyone has their own goals, now you just need to fill your bag.

Then prepare your reserve fund while still looking for the bottom point, you will get more coins at a cheaper price.

[fikrett]

-snip-
It will happen in no time, really, the question is not really when, but to what extent.

How far you can hold on and what is the target price you want to achieve.
Since everyone has their own goals, now you just need to fill your bag.

Then prepare your reserve fund while still looking for the bottom point, you will get more coins at a cheaper price.

That seems pretty easy, but can be really hard for a person who can be emotional at the market shaking.
Also, the bottom is never really there before you buy the coin or a token, and then it gets updated with you being in a minus It's better to accumulate it no matter the price in spot.

[betswift]

-snip-
It will happen in no time, really, the question is not really when, but to what extent.

How far you can hold on and what is the target price you want to achieve.
Since everyone has their own goals, now you just need to fill your bag.

Then prepare your reserve fund while still looking for the bottom point, you will get more coins at a cheaper price.

You are totally right.
Following these steps, opportunity will show up, and then it's up to you how to use it.

[Wonder Work]

I posted my disagreement on how Crypto lost its way because I don't think I see any way for Crypto to lose its way. There is no time to look back Crypto is now slowly starting to enter every sector.

It has become harder to find gems nowadays. And investors feel that too, I believe It became even more essential to dig deeper to have a better perspective of any project, really. Nobody will except you.

It's true that finding gems is a bit difficult but if you walk the right path and work hard, finding gems will be easy. We know that to get good things one must work hard.

[fikrett]

I posted my disagreement on how Crypto lost its way because I don't think I see any way for Crypto to lose its way. There is no time to look back Crypto is now slowly starting to enter every sector.

It has become harder to find gems nowadays. And investors feel that too, I believe It became even more essential to dig deeper to have a better perspective of any project, really. Nobody will except you.

It's true that finding gems is a bit difficult but if you walk the right path and work hard, finding gems will be easy. We know that to get good things one must work hard.

Do you have the rule for a good analysis that's the biggest for you? Or maybe a thing that, when you see, you stop looking at the project at all?

[Qiubell5]

How far you can hold on and what is the target price you want to achieve.
Since everyone has their own goals, now you just need to fill your bag.

Then prepare your reserve fund while still looking for the bottom point, you will get more coins at a cheaper price.

Yes, everyone needs to work hard to achieve what we want, and everything must go through a process, by looking at the development of coins that have potential for now, that is the path we must take, by continuing to think positively everything will be easier.

[fikrett]

How far you can hold on and what is the target price you want to achieve.
Since everyone has their own goals, now you just need to fill your bag.

Then prepare your reserve fund while still looking for the bottom point, you will get more coins at a cheaper price.

Yes, everyone needs to work hard to achieve what we want, and everything must go through a process, by looking at the development of coins that have potential for now, that is the path we must take, by continuing to think positively everything will be easier.

We should do it self-responsibly as well because if you lose yourself in the potential at hand, it will end pretty badly quickly.

[lixer]

Are we ready to steer the crypto ship back on course and focus on long-term stability and freedom? Would love to hear your thoughts about this!

Definitely not decentralized anymore and definitely not that great anymore. I think we are going to have some issues about this and can't really be that mad when things are different now because people voted with their pocket. If this many investors paid this much money on coins and tokens that are totally different than it means that this is what we wanted and I do not think that it is going to be that different anymore and just going to follow where the money takes it.

It can be something that hypes for a moment and then clams down like NFT for example, or it could be a long term thing, but it will always follow where the money goes. If money goes away from the original idea then there won't be much stuff original at all.

[fullhdpixel]

Yes, everyone needs to work hard to achieve what we want, and everything must go through a process, by looking at the development of coins that have potential for now, that is the path we must take, by continuing to think positively everything will be easier.

It is in our nature to crave for a lot of good stuffs and at the same time, many are still lazy. Some can only get lucky to have a good wealth, so it is still possible for them to get what they are craving for. Those who do and trust the process are usually the ones who can think negatively but I guess this is because what they do is taxing. I think it is fine but as long as the work is still there, they will still be close to their destination.

We should do it self-responsibly as well because if you lose yourself in the potential at hand, it will end pretty badly quickly.

If it is our capital is the ones that we are risking, yeah that the responsibility is only on us. I say that because there are also people who only provide capital to someone else and that person is only the ones who will do the work. Losing a potential is very tragic but on some good coins that we have, the potential can still be there and can come back eventually, so we might as well not conclude that we have a pretty bad run.

[Mpamaegbu]

Blame it to meme coins! They are the ponzi/hyip on crypto right now by offering high risk tokens that has high volatility. The majority of crypto traders prefer to seek quick profit instead of decentralization since this is the way other users promote crypto to their friends and colleagues.

The value of crypto is already tainted by the meme coins and other shit tokens that doesn’t have real utility. The only way to bring back glory days of crypto is to boycott shit projects and focus only on top crypto projects that provide real innovation in crypto space.

I wouldn't blame memes for anything unpleasant that we may perceive happening in this industry. The meme idea isn't a bad one to start with if one knows what one is doing. Memes have really helped to onboard so many people into this space. They've caused noticeable cash inflow into this industry and a lot of mentioning in the global economy. Look at what's even happening with the tap2earn telegram mini bot projects and how the market is getting flooded by memes from that angle. What about the BRC20 and the DRCs? Memes, to the best of my knowledge, brought much attention to this industry this bull season.

[mindrust]

Crypto is evolving just like every other living creature on earth. Sometimes the chances are bad but since the majority are not supporting them, they get vanished immediately. If NFT’s are a bad idea, then nobody will be buying NFT’s in a few years. You know ICO’s used to he the main shit but nobody’s doing ICO’s anymore. It is not as popular as it used to be.

Bitcoin has always been popular though and it doesn’t come as a surprise because it started the whole thing. That should tell you something, if you somehow lose your way, go back to bitcoin.

[FortuneFollower]

I posted my disagreement on how Crypto lost its way because I don't think I see any way for Crypto to lose its way. There is no time to look back Crypto is now slowly starting to enter every sector.

It has become harder to find gems nowadays. And investors feel that too, I believe It became even more essential to dig deeper to have a better perspective of any project, really. Nobody will except you.

It's true that finding gems is a bit difficult but if you walk the right path and work hard, finding gems will be easy. We know that to get good things one must work hard.

It's difficult, but it's definitely possible.
Each person is determined differently for such a task.