Have you ever believed so much in a thing, a person, or an investment? Have you gone all out, put all your stakes just for a cause? Yes? Then, you are a maxi for that cause. Did I just confuse you? Try to picture an investment that seems like an excellent deal, and then you go emptying all your savings and liquidating your assets just to invest in it. You have just proven to be a maxi for that investment. Very risky? Yes! Only risk-takers and optimists can fit the “maxi” position well. However, do you think it is advisable to be a maxi?

A crypto maxi is simply a short form for a maximalist in the crypto network. They can be referred to as optimists or enthusiasts who have a strong belief in the long-term worth of a cryptocurrency project. As opposed to general knowledge where a crypto maxi is believed to be a person who believes solely in Bitcoin. A maximalist in crypto is not restricted to Bitcoin alone, it could be any other token. In such cases, the person is a maximalist for such token, e.g., An Ethereum maximalist.

Given the volatile market of the cryptocurrency network, one might have to stop and rethink before identifying as a crypto maxi. Generally, a Crypto Maxi is a close-minded thinker, who identifies that the Blockchain network has a whole lot more to offer in worth, utilization, and speculation, but only based on a single project.

History of Crypto Maxi

The word “maxi” in cryptocurrency was first related to Bitcoin, i.e. “Bitcoin Maxi”. This first started in the year 2014. It was used to refer to persons who believed that the crypto network should be monopolized. They do not believe in the launch of several other coins, and as their name implies, they strongly believe that the crypto network should solely be built on Bitcoin.

However, the perspectives of the Bitcoin maxis were acceptable by the majority at the time as it seemed rational. It wasn’t meant as a segregative term, it was simply a slang to identify people with a certain belief.

However, time seemed to bring another meaning to the term, as it has become a derogatory expression. It has come to represent a certain group of people who believe unapologetically and without any iota of consideration that Bitcoin is the highest-ranked coin in the blockchain network. These set of people are close-minded on this belief and cannot be convinced otherwise.

Now, there are various maximalists in crypto with different views and beliefs in different tokens. However, these maxis have changed the narrative from the realistic ideas of maximalism as a means to an end to the idea that maximalism in itself is the end.

Crypto Maxi: Strategies and Market Application

Essentially, the idea of maximalism may seem too much of a risk to dabble into, in fact, it may be viewed as an unwise choice, However, there are certain knowledge and predictions attached to the beliefs of the maxis.

It is important to note that the crypto market is one where various tokens and stocks are inter-related. This is due to the size of the markets and some protocols attached to assets backup. Hence, there is a strategy called the “down chain” which is applied, to monitor projects in cryptocurrency. How does this strategy apply?

Given the intertwined relationship between crypto coins and assets, you will keep your eyes on indicators in the marketplace to point out the result of another. An example is when a certain asset rises in value, based on previous knowledge, you can predict the next market action. The key to this strategy, therefore, is to find a reliable indicator.

This strategy is easy to understand and implement, the tricky aspect of it though, is the time of implementation. This is why as a cryptocurrency trader or a “crypto maxi”, you must be well-informed and your information source must be authentic.

Crypto Maxi: Pros and Cons

The major issue with the “Crypto Maxi” is not about what they do, but the basis for the belief they hold. The pioneers of this group had a realistic belief basis. They believed in decentralization as the future. They were rational in their thoughts and it was acceptable. However, the present generation of crypto maxis are just out there rooting on no basis. They believe that crypto maxi because crypto maxi, losing the main focus of the belief. It has become a pejorative!

If your choice is to be a maximalist in the crypto market. Ensure to be up on your toes with information, always be a step ahead, and do not go because every other person is going, have a strong conviction. And be watchful of market actions.