Retail is coming. Stupid retail is coming. We're not talking about Youtube crypto shills any more. We're talking about regular Youtubers, people who talk about entertainment or video games, now talking about crypto. We're talking about complete con men like Andrei Jikh doing interviews with morons like Jake Paul. These are folks who don't know what ether does — they just know it's the "number two coin."
Eternal facepalm. Then congratulate yourself. These are the people who are going to make you rich.
At the same time, it's essential that you understand the psychology of these idiots. They don't know anything about sovereignty, the separation of money and state, or the life-changing technology that blockchain projects represent. They have no idea they are buying into projects at a fundamental level of technology that could make them passive income millionaires in the next few years. And that's good for you.
Here's what will happen when these guys cash their stimulus checks and come stumbling into the clubhouse.
First, we'll see much less volatility in bitcoin and ether. The shills are shilling "buy the dip," so there will be a lot more people to buy the dip when pullbacks happen. And these are not disciplined investors, so they'll start buying as soon as they see red. Although the days of 100X may be gone, you can rest better at night knowing you won't wake up to liquidations and 80% drops.
Second, the top tier altcoins will pump, including the ones that don't deserve to pump. The normies are just now learning about ether, and they'll also be shilled BSV, BCH, EOS, TRX, and all of the 2017 deathcoins. Normies are staying away from XRP, however, because they understand #duhhdurrSEClawsuitbad. Funny — that might be the one that shoots back up because of the changes regulators are making to the banking structure.
A lot of money is going to flow away from your bullshit altcoins into the stronger ones. This will be the cycle that really removes all of the junk from the mix. Stay away from fork projects and quick Dextools pump and dumps. Those won't provide the same kinds of returns they did in 2017. Also, stay away from these goofy garageband projects that use AWS. I fully expect the US government to sideswipe the industry with some kind of Amazon FUD that tanks every project that is using AWS.
It will be interesting to see how the normies respond to yield farms. If they do come in, understand those beautiful APYs are going to drop because the pools will be bigger. They may also experience more volatility as normies pull in and out of them. Yield farming coins may provide some good scalping opportunities, actually.
You can expect the rise of NFTs in gaming as well. Normies love video games, and that will likely be the next wave.
Also, watch to see where big tech puts its money. Normies are sheep. They'll follow brands they already know. So pump and dump their asses when Apple or Microsoft or Take Two or Activision announces a partnership.
These guys are brand new and they haven't paid their dues yet. Let's show em what the fuck you have to do to make it in crypto.