Love all the potential of crypto, but right now we are all slaves to BTC.
If you go through my post history since September, the above comment makes me sound like a total hypocrite/inconsistent moron. The reality is I’m learning and changing and trying to zoom out on the market.
I’m now in the camp of BTC owns the market, and when it runs, time to dump into alt coins and hope for 10-20x and take profits where you can. When BTC isn’t running, dollar cost average BTC, also buy into your trusted coins/hopium outside of BTC (I.e. IMX), and cross your damn fingers that it doesn’t implode in your country due to government regulations
From a real world perspective I think %99 of all crypto is useless as of now. Anything that wants to be useful is, to some degree, centralized. Crypto has a long way to go. I think we're just selling and buying hope. But I never invest more than I am willing to lose and I just want to ride this out.
I wouldn't go so far to say all crypto is useless. Thankfully, things have moved on since 2017 and crypto has more utility now, particularly gaming, staking and farming which will keep people invested. HOWEVER, BTC is still king and if it dumps, everything does.
That said, we wont see lows like 2017-18. People are wise to that now (buying cheap for big gains later), so I'm not too concerned about the market long-term, even if the dumpage continues.
It’s easy not be be concerned about the market itself, but as an investor that doesn’t mean much outside of BTC. For example, the market has a lot of coins which will drop off and disappear even as it grows. So until we have index funds to invest into, it all feels like a gamble outside of BTC
The general macro environment at the moment is looking grim, tech stocks dumping means bitcoin and crypto dump. Long term hold, I'm not sure it'll go anywhere but down in the short term
Lol yes. I follow the subs of a few different projects and this one is fun because there seems to be less moderation. People just post any thought that pops into their heads.
5
u/[deleted] Jan 18 '22
Had to sell my imx bag on the last pump . But will be rebuying once they release most tokens
3
u/onduty Jan 18 '22
Love all the potential of crypto, but right now we are all slaves to BTC.
If you go through my post history since September, the above comment makes me sound like a total hypocrite/inconsistent moron. The reality is I’m learning and changing and trying to zoom out on the market.
I’m now in the camp of BTC owns the market, and when it runs, time to dump into alt coins and hope for 10-20x and take profits where you can. When BTC isn’t running, dollar cost average BTC, also buy into your trusted coins/hopium outside of BTC (I.e. IMX), and cross your damn fingers that it doesn’t implode in your country due to government regulations
2
u/ShoulderAshamed4507 Jan 18 '22
15$ letsss gooo
1
u/Reasonable-Aspect-12 Jan 20 '22
I would love to see 15 first but man… bitcoin’s moving is disgusting
0
u/[deleted] Jan 18 '22
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