One needs to do what Bitcoin has done to succeed in the crypto world. If you are investing in any crypto project, you need to ask yourself whether the team made their coin decentralized. Yes, it is a hard thing to do for any crypto project, but it is the only option. The team must create a community that can run the project independently. They will have to go through that hardship. Every successful founder will have to go through the trouble of uniting people from different parts of the world in their telegram community. This is tough, but if the team wants to create long-lasting value for their investors, they must accomplish it.
When you invest in crypto, and the team truly cares for its investors, they will surely make the project decentralized because only this will help investors and make the project survive in the longer term.
Most projects die not because of a lack of investors but because they need to respect the needs of investors, which is decentralization. Bitcoin respected that need, and look what Bitcoin has done. The problem is that achieving decentralization is hard, so most cryptocurrency founders are reluctant. Hard means it is almost impossible in most cases, so investors are looking for decentralization, at least at the subconscious level. People stay in the stock market because intelligent investors do not find decentralized coins in the crypto market. To grow the crypto market on another level, one needs to invest, find decentralized projects, and help them grow.
Cryptocurrency founders love the easier task of keeping things centralized. Nothing can be achieved quickly; if the founders genuinely want to achieve something, they must make things decentralized. A sense of community is what matters the most. This is not a lecture but a reality. The more complex the decentralization according to a niche, the higher the profits. Founders must take the challenge of keeping things decentralized no matter what. You, as investors, will have to take up the challenge of not investing in centralized projects.
The goal here is to encourage decentralization either as an investor or as a cryptocurrency founder.
Satoshi wanted to promote decentralization but could only do it for Bitcoin rather than other projects. Sometimes, even my articles get minimal views, but the power of decentralization encourages me to keep going. No one comments on my articles and videos sometimes, but I believe in the power of decentralization, and I know gradually, it will get the job done. I still do not have a business model, but I believe in the power of decentralization. Similarly, cryptocurrency founders and investors need to believe in the power of decentralization to gain profit.
In my last YouTube video, I got ten views after five days, which is low, I guess, and it can bring anyone’s morale down, but I don’t get irritated because I know the power of decentralization. I know it will get me views and generate an income I have never dreamed of. Decentralization is all about discipline. Controlling negative thoughts is one of the most critical aspects of building something genuinely decentralized. As an investor, if you think that you will find truly decentralized cryptocurrency projects overnight without any research, then you are making a mistake. This will be a lifelong quest that you might need to teach your children before you die. You will have to kill your inner greed and emotions related to greed. Most investors fail to kill such greed, making them miserable and losing most of their hard-earned money.
Finding decentralized cryptocurrencies is a necessity for your portfolio and a route through which you can guide other investors by creating social media content.
If you are building a decentralized cryptocurrency, you must be relentless. Daily work to maintain and increase decentralization will be the key. This task is only possible if you believe in the power of decentralization. You must believe in the power of decentralization to push yourself daily. Blockchain is all about keeping the records of all past transactions decentralized. Similarly, a genuinely defi project can only be driven by a community. No matter how big a market cap a project has, one day, all that will vanish if not decentralized.
We all want to make money, but no one wants to go through the path of decentralization as an investor or cryptocurrency founder. This lack of willingness is stopping the growth of the cryptocurrency market. This is why Bitcoin drives more than 50% of the market alone. It has the power of decentralization behind it.
I read hundreds of articles on why crypto startups fail, each giving 3 to 30 different reasons. Still, the only reason they fail is because they need more decentralization. People want to make money from the cryptocurrency market but don’t want to help it grow by encouraging decentralization. Decentralization is tough to spread, so most investors never get this insight. Talking with people about what makes sense in the noisy online world is hard. Even if you know someone who knows a lot about crypto, you will have a hard time explaining to him the importance of decentralization.
Join my telegram community here as we are planning to build a truly decentralized cryptocurrency project:
