Opening a video rental business in 2024 is not profitable.
Time moves forward, everything changes in the crypto market, the crypto market is young, so changes are especially noticeable there, crypto has only recently begun to be accepted and it has begun to enter the masses, back in 2014-2017, its users were geeks, enthusiasts, far-sighted investors, now everyone has heard of crypto and a huge percentage of the population is just starting to use it, the market is only going to be regulated, there are still many changes ahead. This introduction was necessary so that my message would be clearer, there are projects on which a fortune has already been made, such projects as Solana, Dot, Avax, Litecoin and many more old-timers of the market, early investors, enthusiasts, and everyone I listed above bought them at prices tens or even hundreds of times cheaper than now. Do they have a future? Most of them don't, the ceiling of most of them is x2-x3 in the midst of a bull market, there is no point in investing in them, a long wait to get a small increase by crypto standards is not what we all gathered here for. A couple of years ago, people analyzed them, discussed them, took risks, bought them and got their profit, then the risk was justified (crypto is always a risk), now the risk is not justified.The tale that this is a fierce fundamental should remain in the minds of hamsters who are far from understanding the market or those for whom x2 after several years of waiting is the ultimate dream. At the moment, we need to analyze new, promising projects that still have everything ahead of them, into which large money is poured, into which large funds are just about to enter, and not those projects that these funds and private investors are leaving, slightly making the weather with news in order to sell to hamsters at a higher price. Analytics have changed, technologies have changed, speeds have increased and many other changes have occurred. We need to try to repeat the success of previous market participants who once earned on Solana, Dota, Avax, but not repeat the purchases that they made.
ATTENTION. Among the old ones there are exceptions such as XRP, DOGE, BTC
The first is the office that was able to bend the regulator by winning the court case against the expectations of the “experts”; there is a large margin of safety and huge potential.
The second is the Kotor coin, a wave of three is not a security and there can be no talk of it (there was a separate post about the doges)
Well, grandpa bitcoin, I put it here just so that I wouldn’t get pelted with tomatoes in the comments, even though I don’t consider it even remotely interesting to buy.
There are still exceptions, but I'm not going to write a book here, it was important to convey the essence itself, and it is that in 2024 there is no need to open a video rental store 😀
