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Are People in Crypto Making Money? Alpha from Token2049 - Blockcrunch Roundtable 015
The Blockcrunch Podcast
Market Hardship Breeds Cynicism
The current trading environment is marked by unprecedented difficulty, as even top traders face significant challenges in achieving profits, contrasting sharply with prior market cycles where positive returns were common. This shift is largely due to the influence of macroeconomic factors, such as political events and economic forecasts, rather than crypto-specific catalysts, leading to a wider dispersion of outcomes and diminishing predictability in trading profits. Many traders report substantial losses, especially those holding coins for extended periods, resulting in a pervasive sense of cynicism towards market prospects.
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