My experience chasing stocks helped me to understand the futility of chasing alt-coins.

I bought crypto for the first time 8 months ago in June of 2021. Bitcoin was my first purchase, but I bought even more alt-coins.

I took the same approach to crypto as I had originally taken to stocks: trying to pick the next best thing. However, I had abandoned that strategy with stocks earlier in 2021.

What I learned with stocks was that I’m not a good stock-picker, nor do I want to be. The amount of time, energy and stress to do that are simply not worth it. So I just resigned to “buying the whole market” in the form of total market index fund (VTI). I slept much better from then on.

Now comes crypto where that’s not really possible. So I tried to diversify into loads of different projects… what a mistaken that was!

I realized that I was essentially doing the same thing as chasing stocks. The more I learn(ed) about Bitcoin the more I see that alt-coins are at best a derivative of BTC, a cheap imitation at worst.

I’ve never sold any of my BTC, and I never felt the urge to even when it reached $69k. However, I did liquidate all my alt-coins and I don’t miss them at all, and with this dip I finally reached a whole coin which feels amazing!

I don’t know if this makes sense to anyone else, but for me, holding BTC is easy and feels similar to holding a total market index fund in equities because I never feel tempted to sell or trade it since it’s such a valuable asset. Selling all the alt-coins and moving into BTC felt just like when I sold all my stocks and moved into VTI, like a huge weight lifted off my shoulders.

I now hold an asset I’ll never want to sell. Hopes this helps anyone else in their journey. Peace out.

Edit**** For those of you who want to criticize me for not mentioning in pedantic detail every single possible benefit of Bitcoin, as well as explain in detail the complete intellectual, technical and philosophical foundations of Bitcoin, I suggest you get off your high horse.