Why you won't make a 50x this bullrun (sorry)

The bull is right around the corner but I don't think it'll be what you expect and here's why.

• 1. Since use cases for crypto are in the developmental stages still the valuation of various coins is based mostly on speculation.

In the previous bull there was a sentiment of HODL'ing and everybody imagined that Bitcoin could go much farther than it did (i.e. memes like Bitcoin 100k EOY and so on). This made it easy to HODL.

The latest bear, the longest yet in crypto, has made people battle-weary and the sentiment has shifted to taking profits. This will lead to a lot of selloffs while Bitcoin moves up and my personal guess is that most will cash out at around a 2x or so. People felt the pain of the bear this time around and are much more prepared to sell than before.

• 2. Hacks, scams and rugpulls.

We thought that tricksters and fraudster would be curved as crypto matured but unfortunately the scams go on and latest research shows that scams are increasing in 2023. This leads to people feeling insecure about their crypto investments. With USDC depeg, Binance FUD and similar people feel that nobody is too big too fail. Not even Bitcoin is safe as big players are accumulating large chunks of Bitcoin thus making it more centralized.

Also while people hate on regulations we simply have to accept that, until regulations are properly in place, scams will continue pretty much unhindered as they do currently. Therefore I am bullish on regulation.

• 3. Recession, inflation and the Ukraine war

Considering the serious economic recession and shaky political situation in the world people have become poor and afraid. I think many are HODL'ing out of stubbornness (myself included) since we don't want to sell on a loss after telling all the "normies" how great crypto is. Everyone wants to make a profit so that we can at least tell everyone that we made some money in crypto. So basically, as soon as we go into the green, many will be free to sell without shame.

That being said I'm personally still all in on crypto and do believe that we will get a 50x but it might take another bullrun unfortunately. I plan to sell some of my crypto in this bullrun but the majority of my economic success will come from working a good, stable job with some cream on the top from crypto and then I can buy my house maybe in 2030.

Anyway just my 2 cents guys stay safe out there and don't get scammed.