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HODL'ing is the answer if and only if you can wait four years, but you can educate yourself now on coins besides BTC / ETH.

All Cryptocurrencies

by COINS NEWS 207 Views

TL;DR - It's too late for you to buy a new coin to make a quick buck. You can DCA into bitcoin or ETH while learning the intricacies of staking protocols now.

I remember the days when 4,000 users browsing this subreddit was considered a large number of users browsing this sub. I've made posts previously about how 80% of the users that we had before wouldn't be around 18 months later go relatively ignored. I've also made threads warning people that from the 2017 bull-run all the way until now, only 10 or so coins have surpassed their previous all-time-highs and those have gone mostly ignored. This just leads me to believe that the altcoin market is becoming this roulette wheel where you put your desired number of chips on a desired number or color and then wait for the ball to drop on various random numbers and colors at varying times.

I am staking and yield farming, don't get me wrong, for purposes of understanding yield rates and income rates, but the core problem of this market cycle is the absolute plethora of new people we have that don't understand the market. If you don't know what you are doing, if you haven't been in this market for a full four-year-cycle, if you don't know why numbers go up, then you should just buy bitcoin and DCA in to the market slowly. I am pretty sure that this is the only guaranteed strategy in crypto. You can also use this to build yourself a strong base to invest a conservative amount of money in altcoins at a later time.

I am strongly of the persuasion that the last time you could have bought any coin that went 100x or 500x was in summer 2020, if you were patient enough to hold.

Now let's talk inflation. Bitcoin will continue to trend higher over a course of years. Meanwhile the amount of FIAT currency in circulation is increasing, leading to inflation for Americans, hyper-inflation or near-hyper-inflation in some countries, and (generally over the long term) devaluation of many currencies vs. the USD. The theme of this bull run with bitcoin is lightning adoption, and with services like cash app and strike becoming further adopted, we will see people able to purchase 5 dollars of bitcoin and get their 5 dollars of bitcoin at pennies worth of transaction fees or none at all. In other words, the previous impossible feat of buying 1 dollar of bitcoin and receiving 1 dollar of bitcoin will start trending away.

submitted by /u/sgtslaughterTV
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