By the-bitcoin-dood on Skatehive
I spent the early afternoon going through my crypto portfolio. What a mess! It had to happen sooner or later. I've been on a nice run since 2017. Sooner or later, I had to get stuck holding some serious bags. I'm going to start with, I think there is still serious money to be made in the crypto space as a trader. With that said, I'm going to be extremely cautious with any new positions I'm opening. As much money as there is to be made, I think there is an equal opportunity to lose serious money with current market conditions. With the last market cycle we saw a lot of established coins rally. Most didn't even come close to the all time highs of rally's past. I'll start with market saturation. The market was just bombarded with tons of new projects. A lot of money spread out through a lot of different projects. The market is saturated with DeFi, memecoins, NFTs, layer2 protocols, and several new networks. Some of these projects were welcome additions to the space, others were complete c