EASIEST Way to Make $1M In Crypto – SIMPLY EXPLAINED

EASIEST Way to Make $1M In Crypto - SIMPLY EXPLAINED

What altcoins do you like that are Undervalued what crypto investing Mistakes should people avoid if they Want to get rich what is the best Strategy to make money in crypto today This is the easiest way to make money in Crypto you will have a better chance of Being wealthy if you watch this Interview popular YouTuber and analyst Virtual bacon shares his top strategies Favorite altcoins if you want to make Money in crypto make sure you watch the Entire thing and make sure you subscribe To altcoin daily for daily crypto Content just like this let's jump right Into it what is the best strategy to Make money in crypto today like people Come into this Market they want to make Money if you were giving a friend advice What would you say is the best way for Somebody to make money in crypto I think Especially if you're coming in now it's Actually quite easy because of the time We are in because of this long bleed That we have had you can actually just Go back to the join board and start from The top and allocate yourself in Bitcoin Ethereum Salana and just understand those and Build conviction in those especially Because actually a lot of people have Lost conviction in these three assets This year which is pretty really Unfortunate time but the market just

Gives nobody an easy lunch and so I Think if I were to recommend a friend of Mine to come into crypto build your Portfolio largely in Bitcoin ethereum Salana at this point they have been down Significantly since Q this year and then After that find a few narratives and Sectors that have done well in the mini Bull run that we had in Q4 and q1 23 24 And then just allocate to M to large Caps in those categories because those Have still quite good returns from Current levels because of how how much Of chop we had this year I don't think You need to look at very low caps at the Moment appreciate that straightforward Advice and as we're going As my questions get you know lower and Lower down coin market cap you say that You are still you think ethereum's story Is not over people are fading ethereum Right now but are you more bullish on Bitcoin or ethereum going forward how do You think about It Bitcoin versus Ethereum I I Think um I'm kind of torn I I don't Think ethereum will necessarily Outperform Bitcoin at this point it Probably will be a kind of fluctuation If you look at the East versus BTC chart Like the Ratio it's kind of hard to argue that That ratio will reach all-time highs

Again because that's a kind of a big gap At this point and as Bitcoin grows more And more because ethereum is not going To die first of all because it has Reached institutional status adoption But we even see more recently like a lot Of these demands coming from Institutions they are heavily leaning Towards Bitcoin and some of these guys Like I think vck even made an Announcement that they don't have enough Demand for their ethereum ETF or Something so I think the status is there Ethereum is very safe in Regulators is ETC but comparatively speaking you know Bitcoin will just keep sucking up Majority of liquidity and then the ratio Of ethereum versus Bitcoin it's hard to Catch up so that's kind of my thoughts On it Bitcoin versus ethereum if you Really had to pick one I'd probably pick Bitcoin at this point uh but then again You can't really replace ethereum Anymore so I think safe to say just have All have both And yeah ethereum is I I really wish it Has been been able to perform like Expected and thinking about ethereum Competitors either other l1s or even Ethereum L2 so I guess just like dap Platforms in general what are other l1s Or l2s that you really believe in that You're bullish on going into 2025 so I think the uh Saga of salana is

Definitely not over it's one thing to Say that you know salana is very Performant but there are other chains Performant and you can manipulate price Or you know like have a narrative run up Uh you can do that to many different L Ones but the adoption number and Especially the kind of stories of new Retail coming in qana this year into Salana we have never seen before outside Of ethereum I remember like it's kind of Like a mini defi summer but just like Memec coin spring on salana and it Happened I have never heard people Actually downloading an app in crypto And it's Phantom wallet instead of Metamask that's or coinbase so that has Happened that has never happened before Outside of ethereum so I think salana Will still be very dominant in the Retail adoption when it comes to other Layer ones my stance is like you either Have to be able to replicate some of the Success that salana has had in retail so You need to have the user base already Or you are a L1 that has Superior Tokenomics and your token just does Superbly well even if you you don't Really have uh as many users so out of Those I think obviously people are Already on to ton Tong is the first case Having that user base already base is Very interesting obviously because of Smart wallets and how they integrate

Coinbase users directly and then you Have like l1's like uh with just very Strong tokenomics Caspa everyone knows The fair's launch with no pre-mine Having supplies just kind of go in those Two directions yeah I think those are Kind of what I'm looking at for ler ones Interesting it seems like your heart and Mind and wallet is with salana though is That a fair statement yeah when it comes To both sides like having the tokenomics And the users and actually challenging Ethereum like it's Salana and yeah I saw a recent video you Put out very good it was something like You're more bullish on salana than ever And you gave a 2025 salana price Prediction can you kind of walk us Through like the catalysts I guess you Think is going to take salana and and to What price you're thinking yeah so first Of all like breakpoint is just coming up Right after Singapore last week of September and usually around breakpoint They accumulate a year of announcements So last year we saw salana have a runup As well that will be a catalyst whatever They're upgrading and and fire dancer is Right about to come and even though like I think people kind of misread what fire Dancer is people say it's a kind of next Stage of scaling but at this point like Scaling is not an issue for Sal anymore Uh more reason like especially with DK

Compression um I think Anatolia already Did the calculations you can put all the Transactions that you can make in terms Of defi Etc on every chain onto salana As long as you do compression it's Already supported so scaling is not the Issue it's more of like running salana Completely decentralized and more Resilient and we have seen that already Turning around for salana this year like There was only one downtime I think the Whole year like one day better than 2023 And 2023 was better than 2022 they're Clearly improving and then fire danc Will only add on top of that because Currently the only decentralization Problem on salana now is client Decentralization they only have two Clients one from sonon labs and another From GTO but they're both based on Rust Programming language and so if rust has A critical bug the both clients go down And nobody can run the software so fire Dancer they're building uh using a Complete different text St complete Different programming language so then Once you have that salana really becomes Just as decentralized as ethereum the Validator account and the staking pools The amount of Stak split across Validators is all already there yeah so I think a lot to look forward to for Salana and coming up next year I think Once it it's able to solve this last

Point of decentralization potentially ETFs currently like those ETFs are kind Of getting a lot of push back but I Think it could come and that's kind of The the end all to push salana to the Top three Status and let's say things in the Salana ecosystem goes right those things Uh do go well and salana continues to Onboard users and daps what is the price Prediction you're thinking I I think Around $800 that's my I don't remember If it's optimistic or like conservative Based on the supply I think that's 600 Million for total Supply by end of 2025 So it's like 4 Point I can't I can't do math right now But um but you Think yes that I think the calculation Was out of salana keeping the same total Market share of all crypto which is Around like 5% so 10 trillion based on Bitcoin hitting somewhere around 200k so Then as long as Lana keeps its current Adoption curve it's able to reach there Cool let's talk about other maybe lower Cap altcoins that you're bullish on and I just give you an open-ended question You can take it wherever you want you Know there's a lot of quality narratives In the space today there's AI there's Dpin there's gaming I don't know which Verticals you're more bullish on you Said earlier that if you you know get

Into some of the like the higher caps in These verticals you think they're going Up what are the altcoins that you like That are Undervalued yeah so I think the like for The first time in like one year we Actually have like price differences Across these verticals you can find Truly the coins that held up well in the Past six months so the main verticals Like is honestly I think you need to go Obvious because everything is down so Just take the most obvious coins that Whenever you talk about it people Understand people like those narratives To me those are like ai decentralized ai Is super important everyone knows gaming With gaming Assets in game items Etc Like that's still the clearest adoption Curve and then memes they will still Have their place looking at what Happened this year and then layer one we Talked about and then the other one that I think a lot of people are Underestimating is rwas even though People don't use the word rwa as much When talking about narratives when you Look at the performance of all the rwa Coins since o October November last year Most coins outperformed AI coins this is Like pretty shocking to me uh I'm not Even talking about like Ono or like Mantra like those super high market cap Ones even the smaller ones that people

Used to not care about at all I think I Had a list of like nine coins that I Looked at eight out of nine have done Like eight to 10x to the peak and then Kept like three to 5x gains since last November that was like pretty shocking To me so those are the five narratives I'm positioning in and I think rwa is Kind of really uh under the radar right Now interesting and then if you were to Pull out a few uh specific altcoins and In any one of those narratives what Would you say so I think Super obvious One super in gaming if you look at all The most trendy gaming coins super is The only one that has kept more than Like three to fourx games and held up Support everything else like even the Strongest ones like Prime beam they have Done about like 2.5x since November but They retraced a lot and I think that Comes from Supply control they're good But they just they do a little bit too Much and too many Partnerships super Like I I talked to Elio a lot like he's Super you know focused on controlling Supply and making sure like if you're Not contributing if you're not core Holder like we don't want to in this so I think that's really showing over the Past 11 months that they are the only Gaming Point that's held up the the Floor in AI I I'm looking at mainly Decentralized AI networks now not so

Much deepin I think that narrative is Getting saturated so decentralized AI I Think benser finally it's looking very Attractive yeah and then similar Projects there's the ASI artificial Super intelligence Alliance the the Fetch AI merger and that one's pretty Under radar because of uh majority of The token supplies out yeah I I think Those are kind of some of the strongest Ones I've seen did I get your these Three right super for gaming bit tensor For decentralized AI and then was ASI Another pick yeah that's that's uh AI as Well yeah as we're wrapping up with some Of my final questions I want to you know Encourage our audience to go subscribe To you I think you put out great work Another you know kind of a big picture How to best do well in the crypto Market I asked you earlier what's the best Strategy to kind of make money in crypto Now let's talk about the fact that a lot Of people lose money in crypto everybody Tries to make money so many people end Up losing money I like to think my Audience is a little bit more advanced And profitable and I think yours is too What crypto investing mistakes should People avoid if they want to get rich so I think very practical right now is Don't trade too much especially at this Pivotal stage we're just about to see The r Cuts happen we're potentially

Witnessing the first couple months of The bull run it's the last bit of Uncertainty so if you trade too much Like each dollar I lose I think of it Like losing $10 for the next year Because the I know the coins that I have Conviction and if instead of losing that $1 in a trade if I just put it in and Hold it for a year that's should be Worth on average like8 to $10 by the end Of the B run so have that mindset like Why would I still keep trading at this Such an important like Capital Conservation stage and then the other is Um you got to protect your psychology so Many people have been burnt this year With overtrading with the choppy Market That they're not giving up at the worst Time possible so I think another side Effect of overtrading is like you kind Of lose the hope and the conviction that You have for long term so if you're Finding that and you're getting mad for No reason on your bags going down just Like stop like take a breather and going Into October November Q4 this year Things should start to look up again and You want to keep some of your sanity so You can come back with the same Enthusiasm falling in love with your Coins yes or No depending on which coins I think People should keep falling in love with Like Bitcoin ethereum and salana that's

Good I think right now if you're still In love with those bags you have Conviction and I think that's good for Good advice not all coins though right Especially newer coins that have just Come around in one year maximum two Years things come and go if you haven't Gone through multiple Cycles I like that And and please uh plug yourself tell Tell our audience what you're doing what You focus on in your channel yeah so I Have been in crypto for uh at this point Like seventh year very heavy and I do a Lot of investing but I also do a lot of Educational content you can find me on YouTube my Twitter I'm very active there As well cool D thank you so much virtu Bacon Anytime