You timed a double bottom pattern that was 5 years in the making perfectly. Well played. What's the plan now? Wait another 5 years while it meanders around?
Don’t worry about me
oops
Bought ETH and bitcoin mining stocks instead
you sold eth then bought it back?
No I sold ETH and bought crypto miners
The problem for people like me is I’ll never get in any of these coins before they moon. And I dont buy after things moon
If you are buying the bigger projects which are lower risk during a bull market you have to have a longer time frame. You aren't going to get the exponential gains for around 4 years. I would not try to time it, it doesn't behave like other assets. Just keep a long term time frame. Buying eth/btc now, very well could get another 3-5x in the next 6 months, but you will most likely lose a chunk of that when it corrects back to the trendline. You will however have your position to catch the entire next move up. Personally wouldn't try and chase the 100x small caps until you have your btc/eth positions. There will be a million other small caps to chase in the future but build a solid base first.
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Nice work. Most new people in the market though end up chasing coins when they pump, that's initially what gets their attention then they wind up underwater went it corrects back. Just make sure you take profits on the small cap ones at some point, liquidity is an issue for getting out when people run for the exits on a large overall market correction. People are going to make a LOT of money over the next few months, just make sure you keep some of it.
Yeah, I used to do that...I am much more selective and patient now. Still probably not as patient as I should be at times, but locking up coins to stake has shown me that being patient usually beats most other strategies.
I’m up over 200% on some of my commodities. Crypto is the under performer for what I have access to so that’s my POV. I bought a bit of HUT. If bitcoin moons I now have exposure. If not, I can buy the dip when it corrects but not before. Meanwhile I’ll keep playing oil and such.
Crypto hasn't mooned yet...at least not a lot of them. I have solid IDO and private sale projects that have gone 50x in under a week...I haven't sold any of those because they are likely going much higher and I am staking them.
Like I said, all that does me no good since I don’t have access to any of what you just mentioned.
I actually really like commodities and think they will do really well this decade. They are pretty much the only asset class not overpriced right now. I plan on rotating a lot of BTC I have in a ROTH over to commodities when I think the crypto cycle is peaking. I do not think it is smart to ignore this new asset class though, tech networks grow exponentially and we are still very early in terms of adoption. While commodities will do well I do not believe they will keep up over a longer term. Both will have their periods of massive appreciation though. Your time horizon is too short with crypto, if you want the exponential returns who have to be patient. The crazy multiples usually come in 4-8yr period.Like I said, all that does me no good since I don’t have access to any of what you just mentioned.
Commodities are starting a super cycle. Next 5-10 years it should run so that’s all you need to know
I think commodities will outperform tech
Everyone does that at first, just the nature and psychology of it. Always pays to be patient and not chase, there is always another coin or opportunity. The trick is not being greedy when it is peak euphoria and feels like it will never end, you have to take profits, much harder said than done in the moment. It's good to get in that habit when individual coins run, that's what I usually do, on massive alt run Ill kick a percentage into btc/eth or another project I like that hasn't moved in a while. Has worked really well over the years for me
Maybe the old guard of tech(facebook, google, amazon), you may be right. This ecosystem is different and very early in terms of adoption. Time will tell
