Is your favourite coin really on sale? The market context has changed and you need to adapt to it

Just a quick post for a bit of perspective when someone says that a coin is 'on sale', even during this most recent crash. Hopefully especially helpful to anyone who joined in the last few months

Before making any rash decisions - please zoom out and try to gain perspective on both the long and short term price action of certain coins. This is especially important whilst we are in no mans land following the most recent crash. Whilst things look cheap vs a week or two ago, it can equally be argued they are hugely overvalued (or high) vs where they were last year.

Below I have put together a quick table showing the price of the biggest coins today (excluding stablecoins and coins which had not yet launched - e.g. Uniswap).

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(all numbers from coinmarketcap, sorry if they are slightly off, I am sure you get the idea) &

• The left hand column shows the price just over a year ago (I have purposefully avoided using the Covid crash prices as it was a black swan event)

• The next column is the prices from two weeks ago - this seemed a reasonable place where a lot of coins were doing well

• The third column is today's price

• The fourth column is the percentage change since last year

• The fifth column is the percentage change in the last two weeks

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My very, very unqualified advice

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Right now, the market is quite uncertain, this could be another massive correction before a double top cycle (ala 2013), or a big drawdown before the blow off top (ala July 2017), or it could be the beginning of the bear market where prices slow bleed from here. Whilst things are unclear, as enticing as it is to throw every dollar at the 'dip', please try to take some perspective - especially if this is money you really shouldn't be using, or hadn't previously allocated for crypto/investing.

Many people in previous cycles kept buying dips into the ground until they had no more money for the true bottom, and were likely very put off investing in crypto at all.

Now is the time to breathe, allow the market to breathe and let it work out where it wants to go - this is the type of experience which shows why so many people choose to DCA, and it isn't the time to be a hero and make rash decisions.

The market always offers opportunities to the patient:

• If the bull run is going to continue, wait for a sign of that and continue buying - it will still be cheap if we are going up

• If it is the bear market, give it time, bottoms take along time to be found and you will be able to average your way in over years - the time horizons just changed (thank god, we can sleep again)

• Equally, maybe you don't give a shit - it is DCA time, and you are aware this has always been your plan so you will keep buying as expected and trust in it all going up over time

Wait for the market to decide, don't try and decide for it. The last few months have been incredibly easy - every dip was a buy, and you could throw money at almost anything and it would go up. The conditions have changed and you need to change your mindset and view point to survive/thrive.

Oh and one final thing, places like twitter will try to convince you you're a trader, or you have to suddenly buy these dips and sell tops etc. In all likelihood, this kind of market chop will only chew you up and spit you out. Protecting your capital is the most important thing, there will always be another chance to buy and sell.