Nothing wrong with that, but saying everything else is garbage is sheer ignorance. There will be many alts that lap both ETH and BTC on this run up. And it's not cause they are garbage.
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Yeah, maybe it is a supercycle we just don't know yet. You just don't want to be caught in a bad position where it's hard to ride out a long term down trend. Where you make the real money is having the capital to accumulate in a bear market so you catch the entire move up. Even though you can make money in a bear market it is no where close to a bull where the underlying asset is growing exponentially. All I'm saying is play it safe, you don't want to screw up a once in a civilization paradigm shift. You want to max out accumulation in the period of time and it will be harder without the cash flow.
There will be many in a short period of time that do, but over a 4+yr period, most will not. It is similar to the tech boom in the 90's, you will get some google, facbooks, netflix etc out of this but there will be many more that fail. There will also be some that have their period of dominance but then lose out to a competitor, think AOL. These are all basically new tech companies and each cycle has their new hot projects that are pretty much forgotten a few years later. There will be a handful of massive winners though. Just look at the Top 20 coins over the last 10yrs, many names have come and gone. Just the nature of it. Bitcoin however I believe will be the anchor/base currency of this entire ecosystem because of its decentralization, security, set rules and simplicity.
I could be wrong, but DogeCoin was a coin just made up to make fun of the wild speculation in cryptocurrencies at the time. Shiba-Inu was created to "destroy" DogeCoin. Yes, DogCoin is trying to change and make them into something, but aside from trades and pops, I am not sure if either are real. The same cannot be said for ETH/ADA/BTC. I feel those are long term holds and I've been buying the big two for years. I also like gold and silver as well, but it's all part of a diversified portfolio. I also feel, all are going to explode should the inflation be anything near what some are predicting. With the world printing trillions of dollars, it's nearly inevitable. I also think real estate is a great inflation hedge as well as consumer stocks.
DOGE and SHIB are meme coins...I would never recommend buying those even if that is the hot thing right now.
True enough but I am only talking about for this run up. I will be very selective in what I hold long term.
Oh trust me, I am erring on the side of caution with selling out...there are some indicators that have signalled the top of the previous two big runs that I will be watching and once those hit I am selling out. Even if I lose out on a few extra dollars, it will not be worth the additional risk. At that point the risk/reward doesn't make sense.
Yeah, those are solid for sure. I have Dot, missed SOL, have a lot of LINK, it was one of the only coins besides BNB that ran during the bear market. Definitely some of the safer plays
That's really reassuring, I'm hoping to save enough capital to expand my portfolio. If i put 60k in bitcoin i can make 180k in a year which is more than double what i earn at work.
Gold is a very rare Earth material, all the Gold in the entire world including what we haven't found would only fill one Olympic swimming pool. Gold is used in so many electronics. It is an extremely important thing.
Gold has lost 8% of it's value while Bitcoin has gained 500,000+% over the past decade.
I hope you’re right. Got money in both. We’ll see which will outperform over the long term. Even penny stocks can outperform in the short term
Last time I checked a decade isn't short term...and BTC will likely be closer to a million in 5 years than $100K.
A decade is very short term in the grand scheme of things. But yes let’s see what happens
A lot of great insights in this post and hope all relatively new entrants who came into this market will take note. We have a difference of opinion on Bitcoins long term viability risk at this point but I certainly think it very much applies to the majority of other projects. We are most likely entering the final leg of this cycles uptrend, it is going to be incredibly euphoric and most of you will make massive returns. As someone who has been doing this for a while and know many people who have large positions, I will be looking to take considerable percentages of my portfolio off the table over the next few months. The majority of long term holders who have been through these cycles are too. Any new money coming in now should proceed with caution. It doesn't mean you can't participate but just take a more measured approach. If you have made a lot of money, consider taking some off table over the next few moths. You will never be able to time tops and bottoms so my preferred method is to cost average in and out of positions. Deeply learn about what you are investing in so you can have true conviction in what you are holding though the volatility. Understand if we do get a blow off the top end to this cycle your positions could be underwater for a decent amount of time. At some point BTC will have a 50-85% extended correction and many of these other projects will lose 90%+, even the more solid ones. Many will never recover. Most have to learn these lessons the hard way at some point in life, myself included. Just make sure the damage isn't too much that you can't recover.
Not sure how many more dips you are going to get...one of these times it's going to run fast and hard and melt faces on the way up.
