How I Would Start in Crypto (if I Started in 2024)

is right now the middle of 2024 a good time to actually jump into the cryptocurrency markets the answer in my opinion is yes but the optimal way to get involved isn't going to be the same as if you'd started back in 2020 or 2016 or even got in at the bottom of the bare Market in 2022 or any other time in the past so today I'm going to run you through exactly how I would approach crypto if I was showing up here for the first time in 2024 today and even if you're not a total

newbie you need to stick around for a refresher on where we are right now in the crypto Market cycle what the narratives to watch are and of course a reminder on how not to screw this all up so where are we in the cryptocurrency cycle cycle right now well a basic point to start crypto moves in fouryear Cycles based around the Bitcoin having a broader liquidity cycles for example 2017 bull market blowoff top 2018 huge crash huge bar Market 2019 recovery starts 20120 early bull market 2021 we're back baby until we're not in 2022 bull

market blowoff top comes although a lot of people say we didn't actually get a full blowoff top in 2021 but that's for a different conversation I think we all hoped we'd hit 100K but hey you know things happen there were huge Gams you made of course on a lot of coins in 2021 nfts popping off cross the board is very exciting time people made a lot of money but where does that put us now after 2021s bull market we had the 2022 crash and then the 2023 recovery process and here we are in 2024 and

it looks like we've been through the first big phase of the bull market which means we're in what kind of feels like an interlude a bit of an intermission on the market right now but we should be approaching some exciting things in the second half of 2024 and through into 2025 the full-blown later phase the bull market when everything overheats and goes absolutely crazy so the last few months and probably the next few months probably represent the last best chance to buy crypto in these markets as a general rule of thumb 2025 is likely going

to be a terrible year to buy crypto but it'll be a great year to sell crypto well it's impossible to know exactly when the top will come or what's going to happen in markets all kinds of crazy can happen we could see a top come as early as March 2025 and as late as December 2025 based on popular models so go watch my top signals video by the way to get a better feel for when to sell when's the most opportune time to sell Link in the description actually we have lots of videos on the

channel talking about different cycle theories accelerated cycle super cycle fouryear cycle go check it out however let's not get too hyped up yet because we need to think about well before we get to that I want to let you know about the wealth Mastery newsletter this is your weekly Guide to the cryptocurrency markets our readers love it I'm sure you will too and here's why because every week my team of researchers and I we help you not just to stay ahead of the curve but also to save your time we are working hard to find

you the latest and greatest insights on altcoins mean coins defi airdrops charts and much much more you can join our 135,000 plus week readers for free Link in the description or the pin comment over on X thank you for very much now back to the topic you need to understand that every cycle is different history Rhymes and crypto changes all the time but need to understand for example this time around Bitcoin got a burst of early acceleration thanks to the spot Bitcoin ETFs launching which took us to a new Bitcoin all-time high before the having

something that's never happened before and for a while we kind of got ahead of ourselves in the cycle so we need to stay flexible nothing ever repeats and the other thing to think about is catalysts can we identify exactly why a bull market should happen meaning what will actually make people go out and spend their cash to speculate on the cryptocurrency markets in this regard we need to talk about this Cycle's catalysts so of course we have to talk about ETFs first so Bitcoin and ethereum ETFs are here we might even get salana ETFs coming

later this year or early next year other altcoin ETFs will follow Boomers can now get crypto exposure through Trad products and crypto is being legitimized as a major asset class by Larry Frink of Black Rock and others institutions can buy and they are buying thanks to ETF products but we also have early adopters of the corporate strategy like micro strategy Tesla they have Bitcoin Holdings and they hold a lot of coins this year we have other companies joining similar scientific metap Planet booya these companies are buying hundreds of millions of dollars with a Bitcoin next

let's talk about the business cycle because guess what crypto pumps on liquidity in the system More Money More risk on attitudes and we're due for more money right now liquidity is increasing globally in fact China's Central bank's already making moves us is likely to cut interest rates very soon all of which create a lot of wind in the sales for the markets we also have the possibility of a crypto-friendly new president in the USA I know us politics Stranger Than Fiction sometimes feels like the Twilight Zone we could be living in a simulation but Donald

Trump has flipped to be very strong Pro crypto and he now has big Silicon Valley backing so if the election brings a change of administration and Trump is currently ahead in the prediction markets well that could be really good for the cryptocurrency markets we could get a pro crypto SEC head the vice president a Bitcoin holder I mean could be crazy times besides these points other catalysts can come from the emergence of of course new crypto narratives this means stories people catch on to and start believing in and start investing in leading to speculation and

bullish price action and of course number go up technology is the number one Advertiser for crypto and all that might not last forever but if you can identify those Trends early enough you can ride them up so what are the big narratives for this year where are the areas where I would be spending my time and money if I was starting off in crypto in 2024 this is the most important section so listen up here's the thing though before I tell you that you don't have to be everywhere and do everything if you're new to

crypto you're just going to drive yourself crazy dial down the noise here are the the strongest narratives that I would pay attention to if I was new to cryptocurrency and when I say pay attention I mean go out and learn don't just ape into Bri blindly guys okay be hungry for knowledge get an edge because the market is full of lazy people who constantly lose because they do not put in the work okay you need to do your own research you have to build your own thesis you have to build your own conviction you have

to do your own studying most people don't most people lose nine and 10 investors probably lose in this market maybe eight and 10 I don't know but the odds are against you because most people are lazy most people want an influencer somebody to tell them what to buy it does not that simple okay you have to go out and put the work in okay first and obviously no conversation around crypto is possible without the major one Bitcoin as a store of value protection against currency basement and by the way this one is for Real Bitcoin

actually does this and more and more investors are coming around to the idea that currency to basement's a real thing and they should have more Bitcoin in their portfolio to have a balanced portfolio just don't go expecting huge returns from BTC this late in the cycle maybe you get a 3X on it from here but that's about it next ethereum the decentralized app platform this is not new to 20124 but ethereum hasn't gone away and what's different now of course is the narratives being sold to you by Black Rock for the spot e ETF launch

their tokenization of everything it's especially relevant but the big story for ethereum is not actually ethereum per se in my opinion but the the broader ethereum ecosystem especially the booming layer 2 ecosystem and especially coinbase's base chain this has emerged as one of the strongest and most hyped ecosystem coins like Aerodrome and Brett have slayed it in 2024 and not expect other coinbase base ecosystem coins to do really well so watch out then we have to talk about salana actually beating eth the cycle whether or not this is totally accurate of course Up For Debate

but numbers don't lie it has been outstanding this cycle so far its ecosystem is booming and there's no reason to think that won't continue salana itself will likely continue to show strength as well as ecosystem plays like Jupe which I own by the way full portfolio disclosures in the description or the pinned tweet over on X also you'll find a risk statement there because in case you're new to crypto you need to understand investing in crypto is risky man you can lose all your money like that okay so be careful read the risk statement take

it seriously next we have to talk about meme coins speaking of risks the mem coin super cycle mem coins absolutely exploded this year leading to speculation about that Meme coin super cycle finally playing out now that phrase probably just a bunch of buzzword but from a trading point of view all we need to know is that some meme coins can rocket in value but also the vast majority will go to zero in usually a day or two understand the risks involved also you don't have to find the next meme coin at a $10,000 market cap

to make it big a lot of money can still be made getting late to the party once it has been proven that the devs aren't going to rugg it that the community is here to stay that it's actually catering some kind of cultural Vibe the gains won't be as big but the risks also smaller at that point plan accordingly now let's talk about artificial intelligence now this one's pretty simple if there's hype around AI then AI focused coins in theory should pump in fact they already did early this year and there's plenty of potential for

more of those big pumps to come from AI coins in the right market conditions this could be comparable to metaverse Hype in 2021 everyone was talking about metaverse and you guess that metaverse tokens went up massively big bubble there probably going to be a big bubble in AI coins too but that's for later us to worry about at the current moment many AI coins are down pretty heavily from their Highs but I still think there's great potential for a lot of these coins to turn around okay next gaming so web 3 gaming development is a

very active sector with gaming dedicated chains like Ronin or beam we have traditional Studios like Ubisoft and Square Enix developing blockchain integrated titles there's plenty potential for gaming chains and specific game to outperform massively in the market the only problem here too many games not enough players too many promises not enough delivery so who the big winners are remains to be seen gaming has not had massive hype this cycle certainly not the hype of the 2021 cycle but just one Breakout game can change all that real fast personally I'm pretty deep into gaming I like

it I think it's an easy Normy idea to understand in the same way that Meme going are people like meme coins because oh I like the frog or the dog picture understanding complicated ideas like Chain Link ccip Technology not as simple gaming pretty much the same idea oh I like that game I like the graphics I like playing that game therefore I will buy the token that's my opinion on the matter anyway if you want something a bit nerdier though real world assets or rwas okay RW on the blockchain keep an mind Black Rock freaking

Black Rock biggest company in the world they have launched a tokenized treasury fund called Biddle Larry Fink the CEO of Black Rock wants to put all Securities all assets on chain there are reports of coinbase planning a tokenized money market fund as well trillions are likely to come into the market and rwa tokens something to watch and obviously the rabbit hole goes much deeper there's nfts there's decentralized physical infrastructure networks or deepin there's Bitcoin tokens there's Avalanche ecosystem competing layer one chains def5 Blue Chips the rising telegram open network ecosystem with as popular mini games

cardano still exists but again you don't have to be everywhere in trying to do everything in fact trying to do too much you're likely going to underperform the broader Market you will be the master of nothing too many things to keep track of better to focus and to lock in on the strongest narratives when you start if you can be the guy who goes deep on bitcoin and deep on salana and you know those ecosystems then you're probably going to outperform the guy trying to catch 20 narratives and every hot new thing as it comes

into the market okay that's the strong narratives in my opinion but also if I was starting in crypto now I would listen to the following warning don't believe the hype some narratives are real to protect wealth yes Bitcoin long-term hold I'm on board that train ethereum and salana cool technology doing great stuff blockchains can have real utility in the AI sectors the gaming sectors black rock is actually interested in tokenizing real world assets on chain and they're probably going to do it to a spectacular degree but a full-on crypto Bull Run people go insane they

lose their minds and the hype will be out of control You'll Be Your Own Worst Enemy at this time back in 2021 the rallying cry and the later top signals we're going to make it right but at pq4 you and everything is overbought the market is already Beyond frothy you already need to have flipped your mindset and become hyper focused hyper focused on protecting your gains because it's all just until you click the sell button and a good way to stay calm and rational of course is by playing the long game which means you should

have a plan you should set realistic goals you should set realistic targets while considering your own risk tolerance boring lar I just want to AP in meme coins yeah yeah I know I know but you want to win you got to listen up okay this is critical failing to plan is planning to fail when you buy you should already be thinking about your exit so much of this comes down to risk tolerance of course if you're very risk averse that maybe crypto is not for you at all sorry but it's true if you're risk averse

but still want to get involved in crypto then maybe it's enough to just have Bitcoin and ethereum ETFs and don't worry about the rest of of all the stuff going on here if you're a 19-year-old dude with a th000 bucks and nothing to lose dude balls to the wall on risk with meme coins it all depends on you but you have to have that honest conversation with yourself you know ask yourself what are my goals what risks am I actually willing to take here also we must consider that a bare Market will come again it

is a certainty and it will be disgusting disgusting beyond belief you'll hate yourself for not selling when prices were higher so think about that Target the next cycle too can you go all in can you time the top can you Bank a ton of cash and escape the matrix in one shot yeah sure maybe it's not impossible but way more realistic approach that's much less likely to get you completely wrecked in the market is to have a less frantic more multicycle plan can you make it in five to 10 years crypto can offer much better

returns than any other kind of investment class which is why some people come to it and you can also think ahead in Cycles right plan ahead in multi-e because most people want to get rich over night if you can plan ahead 5 to 10 years you're going to be way ahead of the pack that also means you should always be locky in profits as the prices go up make sure you have exit strategies planned out and you need to stay aware of where we are in the current cycle as we talked about at the start

don't worry about exactly trying to catch the Pico top because you're not going to get that out of your mind right now but remember too the Cycles are how we navigate there are light in the darkness right and if you always remember that there will be another cycle after this one and then after that one and so on so forth you will have plenty of time to reach your goals you won't end up chasing the market and feeling this pressure that you have to make it all right at this second and it has to go

up more more tomorrow you'll be better at taking profits and then you can think calmly about how you're going to reinvest your bull market gains that you cashed out because you're smart right during the next bare Market because that will be a period when as long as you take profits this time around you will be ready to pick up some of those deeply discounted assets and run it all up again and multiply your wealth remember you can only compound wealth cycle to cycle if you take profits near the top and Reby near the bottom and

as convinced as you are that the altcoins that you hold are the new paradigm of money they are not and when the bare Market comes there is one saying that will ring true take your profits or the market will take them for you that's it I hope this has given you a good perspective on how to approach crypto if you're new here in 2024 welcome to the party by the way and thanks for watching