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I bought $100 worth of IOTA in 2018. Today it is worth $106.57. Ask Me Anything.

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by COINS NEWS 261 Views

The title is half joking, half truth.

Looking down the top 100, it may seem like you can just buy anything to 10x your investment, but this is a bull year, and that's survivorship bias in the coin rankings. (You're not seeing the 50 that fell out of the top 100.)

Usually when you're feeling fomo around a growing project, you're already too late for x10 gains. If you're following hype pumps, you need to recognize when you're early and when you're late. That's not easy.

The better strategy is to dollar-cost-average into sturdy, longterm projects. Even a coin that "only" does x2 every year or two can be one of the best investments of your entire lifeβ€”if it lasts.

Speaking of which, if I had DCA'd into IOTA all bear market instead of just buying during the pump, I'd be up almost x4 by now...

submitted by /u/ShiftyDM
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