“Because if the crypto market were tanking, you would just have patted yourself on the back for avoiding this ponzi.”When I started deploying bigger amounts of capital in March to participate in reputable farms giving 3 digit APYs, I had fantasized that I would be up 50% half a year later. Yes, a get-rich-quick scheme. But here I am, down 10% from my capital. Actually, when I started drafting this article one week ago...
Although I started in the crypto space during late 2020, it was only a small 4 digit sum at the beginning. Just wetting my feet, exploring a new realm.
Since then, the capital deployed has ballooned to a sizable proportion of my entire investment portfolio. So I consider myself part of the crypto class of 2021 and yes, like what GMGH prophesized, tradfi bloggers like me entering the space pretty much marked the top of the cycle in the first half of 2021.
But honestly, entering at a top is somewhat expected.