In the world of cryptocurrency, decentralization is everything, and nothing is more important than that, as we saw in the success of Bitcoin. If any cryptocurrency project you invest in needs to be more decentralized, it will not sustain in the long term, and if it does not sustain in the long term, it will fail.
In the crypto world, something that can sustain for the long term will give 20 to 50x returns, but most investors are still looking for projects that can sustain for five years or more. The more long-term approach you want more decentralization you should seek when investing in any cryptocurrency. The sustainability of a cryptocurrency will bring growth because when we stop the downward momentum, we can only find that it has an upward momentum.
The goal here is to focus on the right project by choosing the correct investing approach of decentralization. If a few founders are running the project, then it is not the case that they are scammers. It is just that you are leaving your hard-earned money to chance because there is a lack of enough decentralization. The real issue with most cryptocurrency investors is that they must first build a strong community in a crypto project they are invested in. Most crypto projects depend on the community for long-term growth because the founders hold little tokens, but investors still think that founders will do some magic somewhere down the road.
In the crypto world, trust is crucial, but trust between community members, even before there is anything created as a product, can determine a lot about the future of that product. Most cryptocurrency products fail even before they are made because founders can’t execute what they promised, and The community has no such bond to help them build something great together. A community’s internal bond or some driving force can do something that has not been done before, as we have seen in this pancake swap, bitcoin, and many other cryptocurrency projects. We even noticed that with Linux when it was launched in the 90s. Not thinking about the output and focusing on the community’s internal bonding is hard, but that is where you will find long-term opportunities.
The cryptocurrency market is challenging to conquer. Only two kinds of people think they can conquer the market: The first ones are who control the market or certain cryptocurrencies, and the second ones are newbies. Awkward moments come when we start by investing that our coin will grow 50X in a month, just to realize that it went 90% down in a month, and the reason for that is people did not invest in undervalued and decentralized crypto and even in that case it will hardly give you 50x in a month.
The cryptocurrency market is all about noise, so things like decentralization, which requires a bond between people, are hard to sell as a concept, but those who sold it have done magic, and Bitcoin is a living example. In the world of finance, money flows daily, but people who are focused on providing real value are bound to succeed. The real value comes when we enable people to have a long-term approach in the world of investing buffet did that so he became the richest on the planet, and similarly, in the world of crypto, we can enable people to a long-term investing approach by allowing them to build a strong community or we make them part of such powerful communities.
Wisdom lies in patience; patience in the crypto market can come when we focus on the community rather than some quick gains. The issue is the need for more focus and willpower to make things decentralized, and most investors need to be made aware of this thing in the first place. Even most cryptocurrency founders talk about decentralization; later, they realize this is easier said than done. The issue with the current cryptocurrency market is that investors are looking for quick gains, and even that was the case with the stock market. Still, this issue has become 20x larger in the crypto world because of the crypto products that allure people to gamble.
Crypto is a competitive market, and in a place with extreme competition, approaches like decentralization are more challenging to talk about. This is why, despite many articles and videos about the same, very few people join my telegram community. The issue is not that I have a wrong approach, but the real problem lies in I cannot offer something that gives people quick gains. Quick gains help projects gain people’s attention. Life is easy when we get big benefits for little efforts, but in general, if you check the history, you will find that such an attitude has made people way more money to lose than gain. Connecting with the soul of a cryptocurrency project is done by connecting with the community. Most people invest in Bitcoin for gains but do not invest in it to support the decentralization of finance.
Join my telegram community here: https://t.me/longtermcoin
