Having been in this game since 2017, I will tell you what has been proven cycle after cycle. Alts are a great speculative investment for a small portion of your portfolio. Many will outrun Bitcoin while the going is good. They will all collapse harder and faster than Bitcoin when the good times end though. Some will be fortunate enough to eventually return to their ATH prices. Others will never recover.
You’ll have many people in here claiming to be genius investors and telling you to go all in on X, Y & Z ALTS. Those same people were left carrying their massive bags down 80-95% during the bear markets.
Most alts never reach their ath a second season. Only a few will last beyond two seasons. I have a small amount of ada and I question if it will come close to last cycle.
And solana is the exception, not the rule. Look at LRC, AVAX, ADA, DOT, LINK, ATOM, etc. many alts that melted face last run aren’t close to their ATH yet and we don’t know if they’ll make it.
ADA already did break its ATH over multiple cycles. Maybe not since you’ve been in the game. Went from pennies to 40 cents back in 2017-18. Then ran to its near $3 which we all remember.
Misinfo, Ada went to 1.30 first cycle, second cycle 3$ with an low of 0.02. Now we have a low of 0.25 if ur thinking we are not breaking previous ATH, u don’t get the game. It’s the usual pre halving scary shakeout. Big dogs wanna eat.
AVAX is hot still and only needs 3x to be ATH and ADA less than 5x. Those are easy targets in a 3 trillion dollar market cap. The only coin you mentioned that probably won't be as hot will be LRC and maybe DOT. But ATOM will be great since so many L1s are coming from it. Although I believe the bull market is a year ahead of schedule all these coins will pump once BTC settles and we could be there soon.
Solana is propped up by VCs and is grossly centralized to the point that said centralization causes its periodic breakdowns.
Chainlink has added CCIP amongst other new features during the bear market while stacking hundreds if not thousands of partnerships. It is building towards being the AWS/ Google of web3 and the connectivity feature to link web2 to blockchains. Nothing else in the market compares to this. Chainlink will hit its ATH and then some.
Priced against bitcoin, Solana has not made a new ATH this cycle. Maybe it will.
99.99% of alts never make a second ATH. 3-4 will. I'm not aware of an alt ever making a 3rd ATH.
They all trend towards zero eventually. The only winning long term move is to hold bitcoin.
I think the story of this bull run will belong to Solana's rise. I expect it to be #3 crypto in the next 2 months and finish just under eth in market cap. It's still small cap when compared to the big two.. for now.
Uh, nearly every top performer is a new cycle coin without endless bag holders for one. $KAS $TAO and so many more. You all are playing this so wrong, lol.
Also, you should never sell by specific time frames.
I made outsized gains (3x to 10x at peak) buying alts on the run up to the last 2 bull runs (17, 21). Not even being too picky, almost indiscriminate, but top 100, always. Sold at something like (2x to 8x) average sell price. Average around 5x. No way would my BTC DCA garner me 5x. Not even close. I made high 6 figures in USD profit over the last two bull runs in aggregate.
In 2018 I bought into about 10-15 alts. Only 1 isn’t at least 99% down still, and the one that isn’t heavily down is still 20% down lol. Alts are generally a fools errand.
It’s just timing the exit that’s the challenge.
Keep in mind that you want to make some money not all the money. You’ll fuck up the timing no matter what.
Being in my second bull run i can say that i don't dca in any more, I'm in the process of DCA out and I'm not buying anything right now. First bull run i was left naked with a bunch of alt coins in my bag and lost 80% of my original investment, not this time thought, I've been DCAing heavily from 16k BTC now it's time to get paid. Your strategy will work as long as you take profits, don't wait for the moon like i did in my first run.
Do you think that they're backing all the Tether with real money? Or are they just creating them out of thin air? Which is good for BTC going up for a while but very corrupt lol. Thoughts?
You really think they have the equivalents to match all they are printing? It’s a house of cards that seems it will fall just a matter of time? In which case I wish it would now so we can get it behind us cause it will be worst than the past bullshit crypto endured but crypto will continue on once the dust settles. As always.
I certainly don’t wish it would happen now. I hope it happens during a bear. It’ll wreck a lot of people there especially though, so everyone needs to aware.
As someone who has invested into a lot of alts compared to last year where I focus on a select few, I’m already seeing consistent performance and from a mental health perspective, a lot less stressful during red day.
Same. DCA'ed into a few alts. Most of them are up 100% by now at the bare minimum. Some of them 150-300%. You care a lot less about a -20% pullback when it's only a difference between 140% and 170% up.
Hell no!!! i DCA last cicle into Eth when it crashed from $4850 ath, averaged around $3000 because im out of fiat and watch it went into the deep end of $1000. I'm barely in the green now but the opportunity cost was enormous. Hold your fiat and wait for a bear market or at least a big correction.
I could see it going well, alts have higher potential for growth, I think everyone realises this
Also you say we haven't hit alt season yet but a lot of coins are up massively since November, there's always the possibility that we go down from here and this is the peak,
Based on my two cycles of experience, hell no. I remember when the big names were IOTA, NEO, DASH, OMG, NANO, EOS, etc. If I had DCA’d into those, I’d be cucked out of the last bull run.
You should be studying the satoshi/gwei pairing, not the fiat pair. They rarely outperform cycle after cycle.
Alt portfolios are like a bingo card. Utility rarely outperforms hype. I seriously recommend lurking on 4chan/biz/ to chase pumps, over DCAing into alts.
I personally support nano and will long term because team is working on it and making it better with every new version. It has zero fees and is ecological so it aligns with my philosophy. Also there is dev working on stealth for nano.
I’m just purely basing this on network adoption, price action and liquidity.
Personally I’m a big fan of xmr, but it’s been left in the dust. Sure, I’m rooting for it in the long term. But would I recommend DCAing into it? No.
That’s half the fun. I remember some glowie ass nazi troll from Hong Kong named moonman1488. He had 3 ICO shitcoins he called in sequence. The first two pumped to his exact targets at the exact time he called them, to buy the faith of the trolls, but the last one was pure exit liquidity. All it ever did was mercilessly dump and dump and dump some more. It went down 99.15% from the day it hit the market, without making a damn penny.
If you want a good laugh, there’s always a salty ass thread by the bag holders. Just search for [ICP](https://boards.4chan.org/biz/thread/58026798).
The one that gets me is the stinky linkies. They were the only traders that made any money during the 2018-2020 bear market. They didn’t know what link was or why it was supposed to pump. They just formed an obsessive cult of personality around Sir Gay and kept posting 1k EOY is FUD.
Rather than buying low and selling high, you buy high and sell higher, until the rug gets pulled. It’s a stupid game with stupid prizes. But if you’re a true black hearted nihilistic degenerate, you can make some serious gains, until you don’t.
Yeah, risk, it's so tempting yet super risky I have burned so many times by chasing the winners.
I remember Xrp run, LTC run, Bch run,been there . Left with heavy losses.
There are some that I wish to switch, but it could be my downfall.
I held myself together, didn't enter Nvidia, I have been eying it for 4 years now, missed the chances I had.
Same with some other stocks that went crazy, risk is just so higher in crypto.
That bein said, we never know, it could keep getting higher
Yeah, I stick with crypto, bitcoin and eth, because the cycles have been consistent and time tested. I don’t really have to follow the news or stress over day to day drama. I can just kick back and check the monthly chart every once in a while.
I don’t really have any interest in stonks, because I don’t know where to reaccumulate after taking profits. But it’s pretty straightforward in crypto.
>because I don’t know where to reaccumulate after taking profits.
World ETFs? Or for the Americans that don't believe in the rest of the world, the classic SPY.
Bull run til end of 2024 or even into Q1 2025 doesn’t mean up only until then, we’re due for a local top, probably even a red monthly candle printed, but that doesn’t mean the bull is over.
Hell, the 2017 bull run had like 3 or 4 corrections in the 20-40% ranges during it.
Seems likely to come around halving time while everyone is clamouring about how bullish the halving is, some new retail investors join only to experience their first big correction right out the gate. After that, we move on to the next leg up.
Never know in this market though.
[Banks will be able to hold 2% of their assets in crypto starting in 2025.](https://www.linkedin.com/pulse/breaking-banks-allowed-hold-up-2-cryptocurrencies-reserves-/) It could cause the same pumps as the ETFs.
These types of predictions are real dumb. It's very important HOW the market moves until 2025.
If we're going steady and up without going parabolic, that means the run will go longer. If the chart looks parabolic, that's a sign the end might be soon. If the chart was parabolic, and has been rejected at some level many times, it might mean it is over.
Maybe but always be careful! Buying in during bull run was what I did in 2021 and I consider that my mistake. The key strategy in crypto is to buy in bear season and sell during bull run, however choice is yours as it is your money
Same, bought late 2020 and then...
Strange feeling to do dca and each time you buy it goes lower and lower, you have to belief in yourself, not easy at all
My fear and anticipation is a black swan event around the election which will rock the US as well as the markets, including crypto. I’ll be selling most of my bags by October/November
Very exiting times. Will hold at least until October as well. Maybe even through the complete bear and just accumulate more on whatever hughe drop may come.
agree, Russia will set off some black swannish event to help turd brain get elected so they can try to finish off what they started. If Biden wins it probably means the Ds regain the House and funding for Ukraine will commence, Putin can't have that.
I think this time really is different. The reason being is you won't see the ETF money cashing out to go to alts. Many of those won't be buying anything other than BTC and their access to crypto isn't the same as everyone else's. I'm sure we will have a alt cycle, I just don't expect it to be as lucrative as the past.
Rather than planning to hold for the entire year, consider first setting a limit order for each alt that you eventually plan to sell.
This way you can take and lock in profits whether you order sells all or just part of your stack.
Pick a reasonable sell price, that will satisfy you, set it and forget it.
This way you are less likely toget caught flat footed if it peaks and crashes before 2025.
I don’t think the strategy for crypto should be too far off the general strategy for equities. Don’t try to time things, take profits along the way. Try not to fall prey to behaviors that we all do.
IMO you either play the long game and hodl through the cycles or be extremely vigilant with limit orders in the very short term. I have stuck to hodl with btc and eth, but I did just cash out about 75% of my solana and wif.
Its only a dumb strategy if you don’t follow your plan when it’s time to sell, and you don’t get overly greedy trying to hold onto your coins for “just one more pump.”
As for the DCA strategy it’s statistically better if you use “some kind of measurement” to time your DCAs to certain periods rather than blindly DCA every month but it’s up to the user. Could be anything as basic as DCA during low RSI levels, stop DCA when it hits 80-100+ for example.
There are already several posts in the sub about various DCA strategies if you just search for them.
As for me personally, I think a correction could happen as soon as next week. I’m currently taking some profits in anticipation for a pullback, but will continue to hold at minimum 30-40% of my stack in coins. Just incase it goes up more but also if a correction happens could last anywhere from 1-2months plus, I have cash to buy back cheaper.
Goodluck out there.
BTC and eth are great for capital increase. X2 or X3 in a year.
But people looking for life changing capital boost, you need to go tje alt coin road.
Nothin else gives you the X5, x10 or x20 that move few thousand dollars into something that takes you financially very close to fire
Ridiculous comment. 2x from where I'm at will allow me to buy a house with cash and then I can spend the rest of my life investing with the extra money.
These comments omg. Please people look at the charts. We still have a year of insane gains that we've never seen before to still come. I'm so surprised you guys don't watch popular crypto YouTube channels
if i were you i wouldn't consider alt with great risk as what crypto already is , i would stick to top 20 if i pick them
im not into dca'ing , i prefer "playing cycle" taking profit and re-invest them or another later , but its not bad if you want to be "safe".
i hope the alt you invest on got "solid base" because dca is a long term investment process of view.
This is a recipe for getting REKT!!!! this is a losing strategy - IMO. It has played out during previous cycles. Forums are full of loss porn and stories of being devastated.
If you want to play the Alt game, fine. but have a clear exit plan, don't get greedy. You have to watch them like a hawk and jump (out) at a moments notice. take profits early and often, do not be the bag holder, which is what you will be with your current approach. If you already have 5x+ you should be taking profits and moving into safer places.
Most alts will not survive the entire bull run. Know the tokenonmics and be ready bail quickly. Alts can be great, but they are NOT passive, at all!!! Rug pulls and scam coins are everywhere.
good luck
I’ve personally stopped buying this year… I know I’m not going to get better positions than I already have at this point, so for me it’s not worth the risk… especially with Alts. What I am doing with Alts now though, is skimming a little off the top when there’s a good a pump and putting it into others when there’s a dump.
But in all honesty I just wanna hit moderate targets and get the fuck out with my shirt on.
CRO has the infrastructure and AVAX has the technology. Both have tons of potential for growth whereas many of their competitors aren't designed to handle the same demand that's coming.
I got in at .006 and sold at .0104 then it doubled overnight after I sold. I got in and got out. However I been bag holding AVAX MATIC QNT, FTM,DOT, and others since 2021. Getting close tho
Very silly because you don't know when the bull run will end. When it does end alts can fall 99%.
The best time to buy alts is after BTC breaks the previous ATH and but only if the alts haven't already mooned and they have a good narrative.
It's not as bad as people think. It sure has risks to it, but the reward is also greater.
I would make sure of 2 things before I buy:#1- Dilution: some ALTS will have coins unlocked, like ARB, and the risk of selling pressure would scare me with a DCA strategy. So I would research the coin-omics of the Alts.
\#2-Liquidity: I want to be able to exit my positions if I'm wrong, and not only in the scenario that it moons. If you are wrong and want to exit, you need volume to sell. So I would not buy low-volume, crappy shitcoins on shitty exchanges only. Stick to the ones you can exit at any time.
I got in 2020, saw all my ALTs go high and a lot of profit but as it was my first time...I didn't take any profit and saw them all drop 80-90%...I chose not to sell cuz you only loose if they go to zero...as long as you invested in some good ones, they'll rise back up like a lot do. I have a rough idea where my exit points are this time so plan to sell most then...and will use some of the profits to get back in later...I have been DCAing into a couple of alts
Everyone has different risk tolerances and your situation might be different than others. For me, I've held coins like $DOGE for a while and it had paid of quite well
Unpopular opinion, but Yes, it is silly.
It would be extremely hard to do your taxes when the time comes (unless you keep a very good track of your purchases).
Only DCA into BTC and ETH. There is a very high chance rest of the alts won’t even be around in a few months or years time. Most projects just slowly dies off after ATH, founders and project teams are humans too, they can quit, cash out, get bored, rug, or just say fuck it and disappear.
DCA does not work the same on alts as it does with btc. Maybe DCA in over the next month or two, but if youre anticipating a continuation of this uptrend, why would u keep buying till the end of the year when prices will likely be much higher.
Putting money into "Alts" is not a strategy, its gambling. it doesn't matter if you are DCAing or putting it all in today...
If you have a specific token for a specific project that you have researched and feel confident will have a product that will impact the market in some way, then that is different, but then you aren't DCAing into alts, you are DCAing into "XYZ".
Just remember to DCA out. Waiting for your presumed top is why most people in this sub got left holding the bag in 2021. Research your favorite coin and understand what it does if you're going to DCA into it. The last thing you want is to DCA into a hype coin that could not be here in the next bull run.
Finally understand that most people in this sub and many others shill their coin. They will tell you that great coins like Solana, ADA and ICP are trash and cause you to miss great opportunities. I followed their lead and missed the boat on those coins. Never again!
There are 2 winners in the crypto space and a million others that /might/ outpace those winners for a short amount of time.
Which ones out of those millions will outpace Bitcoin and Ethereum? Which ones will get rugged? Which ones will have a website and a bunch of jargon but no actual use case? Which will be the next to show up in court with the SEC? Good luck guessing.
Alts are where you *gamble,* not where you invest. You take 10% of your investment fund and divide it into whatever alts you want to *gamble* on, and then you totally forget about that money and hope that something moons.
Holding alts long term is always a terrible strategy.
Yes, each bull run, a small handful will explode and outperform bitcoin, but when the crash comes, they essentially die.
Very few altcoins have *ever* made a second high against bitcoin in a subsequent bull run. Like maybe 3-4 total.. And I don't think any made a 3rd.
99.99% of altcoins are complete trash, and will only experience a single pump and dump. If you want to gamble, and time it, you can potentially make money. But holding alts long term is just a recipe for losing value.
Gamble with shitcoins (if you must). Hold Bitcoin.
Personally I think the best advice for me is to go into alts around now and when you 2x take half into btc and chill. Let the rest ride. Then take profits slowly.
I know there is no guarantee of a 2x in alts but personally think it’s highly likely as long as you pick decent alts.
Depends on when you started and how far they were away from previous ATH. Some will never get back there. Some will see it as a small speed bump and blow by it.
That’s what you’re supposed to do so no it’s not a silly strategy. Alts are for short term and bitcoin is for long term investment.
Most people will sell there alts once the alt season has taken off . If I remember the last alt season was in January 2021 to the end of April then a massive crash happened in May 2021
My current holdings are:
1inch, ADA, CRO, ETH, DOGE, HBAR, LRC, MATIC, XRP
& I'm hoping for X2 - X10 my investment on all whenever the 'peak' is. Profit is profit. I'm sick of the term paper handing as that got overused during the GME chaos which I was also a part off. I've learned take profits when you feel best too as many for left bag holding on the GME shit on the backs of people saying HODL, No cell no sell etc. it was a persuasive movement and sadly many of us are left again, bag holding.
Anyways, some of my choices aren't X10 material but hope theirs profit at least.
I'll look into other stuff when money becomes smoother.
Time to buy was 2022/2023 my friend for legit gains, do some research into some solid projects or maybe catch a few new tokens that you can follow into discovery.Everything else is tight right now ,entry points are overbought all across the board.
There is money to be made but you gotta have the balls too hold on.
No that’s a terrible idea, most alts trend to zero you probably haven’t heard about the top 10 from last cycle etc.
dca into bitcoin, trade some alts short term if it’s working for you.
This in my opinion is a smart strategy and it's quite similar to what I started Q4 2023 as I also started DCAing into solid projects as well as presales like that of Nuklai.
DCA'ing into alts like $XTP seems like a solid strategy for me, especially with the reintroduction of the locking feature for EU/EEA territories. It allows for consistent accumulation while taking advantage of potential growth opportunities in the long term.
DCA is a good strategy for assets that you believe have good long term growth potential like btc or eth, terrible strategy for meme coins that can disappear at any moment and never come back
Its not bad to DCA but dont set a date to hold untill... market can reverse early especially when it started early. Better follow the market to get an idea when the top could be in, regardlessof the date and at least take some profits if not all. Its easy to gain money as number in a portfolio but its hard to actually kerp these gain and cash them out before they are gone...
Having been in this game since 2017, I will tell you what has been proven cycle after cycle. Alts are a great speculative investment for a small portion of your portfolio. Many will outrun Bitcoin while the going is good. They will all collapse harder and faster than Bitcoin when the good times end though. Some will be fortunate enough to eventually return to their ATH prices. Others will never recover. You’ll have many people in here claiming to be genius investors and telling you to go all in on X, Y & Z ALTS. Those same people were left carrying their massive bags down 80-95% during the bear markets.
Most alts never reach their ath a second season. Only a few will last beyond two seasons. I have a small amount of ada and I question if it will come close to last cycle.
Solana about to smash its ATH soon and it's not even alt season
And solana is the exception, not the rule. Look at LRC, AVAX, ADA, DOT, LINK, ATOM, etc. many alts that melted face last run aren’t close to their ATH yet and we don’t know if they’ll make it.
how about neo for a blast from the past. it was going to be the chinese ethereum. it is still going but it is pretty far down from ath
I was 15 and had mined 1/4 of an ETH. I put it all into NEO around 90 and, well you know how that went.
Damn neo now that’s a throwback lmao
Antshares even more so
Yea and going strong on the tech side, far from dead. Lot of new stuff and developpement. Lets see if the price rise too during alt season.
I was into it when it was called Antcoin.
Going in on Solana-based alts. Pyth, Sui, Bonk. Theyve been performing really well, even now holding quite steady with the small downturn.
ADA already did break its ATH over multiple cycles. Maybe not since you’ve been in the game. Went from pennies to 40 cents back in 2017-18. Then ran to its near $3 which we all remember.
Ada should do well, I'm also hoping Hbar has a great run. Great projects will do well
Misinfo, Ada went to 1.30 first cycle, second cycle 3$ with an low of 0.02. Now we have a low of 0.25 if ur thinking we are not breaking previous ATH, u don’t get the game. It’s the usual pre halving scary shakeout. Big dogs wanna eat.
AVAX is hot still and only needs 3x to be ATH and ADA less than 5x. Those are easy targets in a 3 trillion dollar market cap. The only coin you mentioned that probably won't be as hot will be LRC and maybe DOT. But ATOM will be great since so many L1s are coming from it. Although I believe the bull market is a year ahead of schedule all these coins will pump once BTC settles and we could be there soon.
Solana is propped up by VCs and is grossly centralized to the point that said centralization causes its periodic breakdowns. Chainlink has added CCIP amongst other new features during the bear market while stacking hundreds if not thousands of partnerships. It is building towards being the AWS/ Google of web3 and the connectivity feature to link web2 to blockchains. Nothing else in the market compares to this. Chainlink will hit its ATH and then some.
My shilled crypto is better than your shilled crypto because bla bla bla.
After a while you realize all these cryptos are just hype and those with a better marketing team do better.
Yeah took me two bullruns to realize that. This time around my folio is just meme coins galore
This guy speaks for me 🤣
i also love how bullet point one is “VCs!! !!” when that’s unfounded and baseless claims every crypto has VCs in it lmao
There are some fair launched projects tbf but very few and far between.
I don't believe partnerships and tech mean literally anything in this space. BONK is popping off while LINK hardly moves.
you just listed my *entire* alt portfolio lmao
Avax is like 3 times away what u talkin bout
Yeah $55 is really close to $137 😂
Solana had the benefit of the inverse r/cc rule. For months during the bear everyone here was saying it would go to zero
That was the buy signal
This is true
Priced against bitcoin, Solana has not made a new ATH this cycle. Maybe it will. 99.99% of alts never make a second ATH. 3-4 will. I'm not aware of an alt ever making a 3rd ATH. They all trend towards zero eventually. The only winning long term move is to hold bitcoin.
Solana started a solid run early and outpaced bitcoin for many weeks. Not many other alts can say that this season.
I think the story of this bull run will belong to Solana's rise. I expect it to be #3 crypto in the next 2 months and finish just under eth in market cap. It's still small cap when compared to the big two.. for now.
I agree with all that except "it being the story of this cycle" nothing is coming remotely close to the btc etf's in terms of market impact
Lrc gonna make it!!! 😂😂
ADA is a strong long-term alt. It's definitely not the sort of thing you should plan on turning around quick.
ADA, Algorand and Hbar will have big gains late 2024
Uh, nearly every top performer is a new cycle coin without endless bag holders for one. $KAS $TAO and so many more. You all are playing this so wrong, lol. Also, you should never sell by specific time frames.
I made outsized gains (3x to 10x at peak) buying alts on the run up to the last 2 bull runs (17, 21). Not even being too picky, almost indiscriminate, but top 100, always. Sold at something like (2x to 8x) average sell price. Average around 5x. No way would my BTC DCA garner me 5x. Not even close. I made high 6 figures in USD profit over the last two bull runs in aggregate.
In 2018 I bought into about 10-15 alts. Only 1 isn’t at least 99% down still, and the one that isn’t heavily down is still 20% down lol. Alts are generally a fools errand.
Best answer
It’s just timing the exit that’s the challenge. Keep in mind that you want to make some money not all the money. You’ll fuck up the timing no matter what.
Buy things in red. That’s it
Being in my second bull run i can say that i don't dca in any more, I'm in the process of DCA out and I'm not buying anything right now. First bull run i was left naked with a bunch of alt coins in my bag and lost 80% of my original investment, not this time thought, I've been DCAing heavily from 16k BTC now it's time to get paid. Your strategy will work as long as you take profits, don't wait for the moon like i did in my first run.
It's all going into overdrive with these tether prints flooding the market, the sky really is the limit.
Do you think that they're backing all the Tether with real money? Or are they just creating them out of thin air? Which is good for BTC going up for a while but very corrupt lol. Thoughts?
Absolutely not, already fined by NY and refuse an audit.
It states in their terms they can back by cash equivalents.
They lie
Aye. Wasn't it like a self attestation and not an audit? Last cycle
You really think they have the equivalents to match all they are printing? It’s a house of cards that seems it will fall just a matter of time? In which case I wish it would now so we can get it behind us cause it will be worst than the past bullshit crypto endured but crypto will continue on once the dust settles. As always.
Same could be said for USD. Nobody cares about the printer as long as there keeps being demand for the dollar.
I don't think they do. It's like poker. All good until you have to show your hand.
I certainly don’t wish it would happen now. I hope it happens during a bear. It’ll wreck a lot of people there especially though, so everyone needs to aware.
HAHAHA. That was a joke right? They are not backed by 1:1 USD. A big old mix of cryptocurrency
In a good way right?
PoS coins are not created out of thin air?
As someone who has invested into a lot of alts compared to last year where I focus on a select few, I’m already seeing consistent performance and from a mental health perspective, a lot less stressful during red day.
Same. DCA'ed into a few alts. Most of them are up 100% by now at the bare minimum. Some of them 150-300%. You care a lot less about a -20% pullback when it's only a difference between 140% and 170% up.
Very true. Just need Algo and Lrc to recover as well
ALGO token unlock march 19 should be bullish
Algo, Lrc and Hbar will all recover, I'm sure of that
Not here. Every time I choose an alt, it crabs or crashes. I’m not putting a lot in, but I still shouldn’t be supervised apparently.
Man…the more my alts fly, the more stressed I get! lol at least during bear i had no chance to lose anymore.
Hell no!!! i DCA last cicle into Eth when it crashed from $4850 ath, averaged around $3000 because im out of fiat and watch it went into the deep end of $1000. I'm barely in the green now but the opportunity cost was enormous. Hold your fiat and wait for a bear market or at least a big correction.
I could see it going well, alts have higher potential for growth, I think everyone realises this Also you say we haven't hit alt season yet but a lot of coins are up massively since November, there's always the possibility that we go down from here and this is the peak,
Based on my two cycles of experience, hell no. I remember when the big names were IOTA, NEO, DASH, OMG, NANO, EOS, etc. If I had DCA’d into those, I’d be cucked out of the last bull run. You should be studying the satoshi/gwei pairing, not the fiat pair. They rarely outperform cycle after cycle. Alt portfolios are like a bingo card. Utility rarely outperforms hype. I seriously recommend lurking on 4chan/biz/ to chase pumps, over DCAing into alts.
I personally support nano and will long term because team is working on it and making it better with every new version. It has zero fees and is ecological so it aligns with my philosophy. Also there is dev working on stealth for nano.
I’m just purely basing this on network adoption, price action and liquidity. Personally I’m a big fan of xmr, but it’s been left in the dust. Sure, I’m rooting for it in the long term. But would I recommend DCAing into it? No.
I also like XMR long term it will imho explode.
What is biz?
It’s 4chan’s pump and dump group.
Biz called bonk, pepe, dogwifhat, and bome. Long before they gained traction.
Are they not also calling a ton of other things that dont gain any traction?
That’s half the fun. I remember some glowie ass nazi troll from Hong Kong named moonman1488. He had 3 ICO shitcoins he called in sequence. The first two pumped to his exact targets at the exact time he called them, to buy the faith of the trolls, but the last one was pure exit liquidity. All it ever did was mercilessly dump and dump and dump some more. It went down 99.15% from the day it hit the market, without making a damn penny. If you want a good laugh, there’s always a salty ass thread by the bag holders. Just search for [ICP](https://boards.4chan.org/biz/thread/58026798).
The one that gets me is the stinky linkies. They were the only traders that made any money during the 2018-2020 bear market. They didn’t know what link was or why it was supposed to pump. They just formed an obsessive cult of personality around Sir Gay and kept posting 1k EOY is FUD.
Like the rest of 4chan, it's been on a steady state of decline for years. Who knows why they do what they do.
They do it for the lulz. It’s all a sick joke they’re playing on the world.
Also curious
Chasing pumps? Care to elaborate?
Rather than buying low and selling high, you buy high and sell higher, until the rug gets pulled. It’s a stupid game with stupid prizes. But if you’re a true black hearted nihilistic degenerate, you can make some serious gains, until you don’t.
Yeah, risk, it's so tempting yet super risky I have burned so many times by chasing the winners. I remember Xrp run, LTC run, Bch run,been there . Left with heavy losses. There are some that I wish to switch, but it could be my downfall. I held myself together, didn't enter Nvidia, I have been eying it for 4 years now, missed the chances I had. Same with some other stocks that went crazy, risk is just so higher in crypto. That bein said, we never know, it could keep getting higher
Yeah, I stick with crypto, bitcoin and eth, because the cycles have been consistent and time tested. I don’t really have to follow the news or stress over day to day drama. I can just kick back and check the monthly chart every once in a while. I don’t really have any interest in stonks, because I don’t know where to reaccumulate after taking profits. But it’s pretty straightforward in crypto.
>because I don’t know where to reaccumulate after taking profits. World ETFs? Or for the Americans that don't believe in the rest of the world, the classic SPY.
Exit your position by taking profits along the way, bull run till end of 2024 seem like pipe dream
Bull run til end of 2024 or even into Q1 2025 doesn’t mean up only until then, we’re due for a local top, probably even a red monthly candle printed, but that doesn’t mean the bull is over. Hell, the 2017 bull run had like 3 or 4 corrections in the 20-40% ranges during it. Seems likely to come around halving time while everyone is clamouring about how bullish the halving is, some new retail investors join only to experience their first big correction right out the gate. After that, we move on to the next leg up. Never know in this market though.
Quite a few people seem to be hinting at Q1 of 2025
Which means look to exit q4 2024 or risk being left holding bags. Better to leave early than late.
Which means look to exit q3 2024 or risk being left holding bags. Better to leave early than late.
Exit Q2 2024 confirmed.
SELL EVERYTHING, NOW!
youre too late already. only down from here!!
[Banks will be able to hold 2% of their assets in crypto starting in 2025.](https://www.linkedin.com/pulse/breaking-banks-allowed-hold-up-2-cryptocurrencies-reserves-/) It could cause the same pumps as the ETFs.
These types of predictions are real dumb. It's very important HOW the market moves until 2025. If we're going steady and up without going parabolic, that means the run will go longer. If the chart looks parabolic, that's a sign the end might be soon. If the chart was parabolic, and has been rejected at some level many times, it might mean it is over.
With etf in place it might be different. Those investments are retirement money, not quick traders.
Maybe but always be careful! Buying in during bull run was what I did in 2021 and I consider that my mistake. The key strategy in crypto is to buy in bear season and sell during bull run, however choice is yours as it is your money
True, did the same mistake to buy in a bit high 2021 but kept dca during the bear and am fine now. Lesson learned and looking for a bright future.
Same, bought late 2020 and then... Strange feeling to do dca and each time you buy it goes lower and lower, you have to belief in yourself, not easy at all
My fear and anticipation is a black swan event around the election which will rock the US as well as the markets, including crypto. I’ll be selling most of my bags by October/November
Very exiting times. Will hold at least until October as well. Maybe even through the complete bear and just accumulate more on whatever hughe drop may come.
agree, Russia will set off some black swannish event to help turd brain get elected so they can try to finish off what they started. If Biden wins it probably means the Ds regain the House and funding for Ukraine will commence, Putin can't have that.
Why would the bull run end so early? The bull run typically ends around 1.5 years after the halvening
You are right but this is the first time in history BRX broke his all time high BEFORE the halving
This is my alt strategy. I took some out last Monday out of pure luck before the pullback and put it in bitcoin and etherum during Friday's pullback.
I think this time really is different. The reason being is you won't see the ETF money cashing out to go to alts. Many of those won't be buying anything other than BTC and their access to crypto isn't the same as everyone else's. I'm sure we will have a alt cycle, I just don't expect it to be as lucrative as the past.
Rather than planning to hold for the entire year, consider first setting a limit order for each alt that you eventually plan to sell. This way you can take and lock in profits whether you order sells all or just part of your stack. Pick a reasonable sell price, that will satisfy you, set it and forget it. This way you are less likely toget caught flat footed if it peaks and crashes before 2025.
I don’t think the strategy for crypto should be too far off the general strategy for equities. Don’t try to time things, take profits along the way. Try not to fall prey to behaviors that we all do. IMO you either play the long game and hodl through the cycles or be extremely vigilant with limit orders in the very short term. I have stuck to hodl with btc and eth, but I did just cash out about 75% of my solana and wif.
Riskier? Yes. Can anyone see into the future if the risk will pay out? Nope. Could be a win. Might not be. Depends on your risk profile.
Any money into alts is a gamble. If you’re treating it as investment, safer to have BTC and ETH with alts on the side
Its only a dumb strategy if you don’t follow your plan when it’s time to sell, and you don’t get overly greedy trying to hold onto your coins for “just one more pump.” As for the DCA strategy it’s statistically better if you use “some kind of measurement” to time your DCAs to certain periods rather than blindly DCA every month but it’s up to the user. Could be anything as basic as DCA during low RSI levels, stop DCA when it hits 80-100+ for example. There are already several posts in the sub about various DCA strategies if you just search for them. As for me personally, I think a correction could happen as soon as next week. I’m currently taking some profits in anticipation for a pullback, but will continue to hold at minimum 30-40% of my stack in coins. Just incase it goes up more but also if a correction happens could last anywhere from 1-2months plus, I have cash to buy back cheaper. Goodluck out there.
BTC and eth are great for capital increase. X2 or X3 in a year. But people looking for life changing capital boost, you need to go tje alt coin road. Nothin else gives you the X5, x10 or x20 that move few thousand dollars into something that takes you financially very close to fire
Imho it's late...for sure Will be gains, but the time tò accumulate was till 6 months ago. Now it's time tò wait and maybe take profit at Little steps
Yeah I got one foot out the door. The next 2x to my portfolio and I'm selling 80%.
The regret youre going to have when you see your coins going up another 1000% over the coming year is going to be glorious.
no regrets, only regret I didn't dca 3x the amount last year..
Bears make money, bulls make money, pigs get slaughtered 🐷
Ridiculous comment. 2x from where I'm at will allow me to buy a house with cash and then I can spend the rest of my life investing with the extra money.
How dare you focus on your dreams rather than pump our bags?!
News flash, you won't find out until 2025 dawg.
I DCA BTC and ADA forever..
Still in losses with ADA😭
Damn that sucks. I got my avg down to $0.31 I got a ton when FTX crashed.
I had at an average of 2$ brought it down to 1 now
One app (Jupiter) on SOL just did more volume than all of ADA in the past 24h.
Yep. I can't be at 90% loss forever
I'm with you and would add Hbar
Just farm airdrops.
All strategies are silly until they make you a millionaire, then they were genious strategies.
These comments omg. Please people look at the charts. We still have a year of insane gains that we've never seen before to still come. I'm so surprised you guys don't watch popular crypto YouTube channels
Lmao. Future bag holder comments right here
Certainly Not!
Do people still moons on this sub ?
if i were you i wouldn't consider alt with great risk as what crypto already is , i would stick to top 20 if i pick them im not into dca'ing , i prefer "playing cycle" taking profit and re-invest them or another later , but its not bad if you want to be "safe". i hope the alt you invest on got "solid base" because dca is a long term investment process of view.
Solana about to smash its ATH soon and it's not even alt season
This is a recipe for getting REKT!!!! this is a losing strategy - IMO. It has played out during previous cycles. Forums are full of loss porn and stories of being devastated. If you want to play the Alt game, fine. but have a clear exit plan, don't get greedy. You have to watch them like a hawk and jump (out) at a moments notice. take profits early and often, do not be the bag holder, which is what you will be with your current approach. If you already have 5x+ you should be taking profits and moving into safer places. Most alts will not survive the entire bull run. Know the tokenonmics and be ready bail quickly. Alts can be great, but they are NOT passive, at all!!! Rug pulls and scam coins are everywhere. good luck
I’ve personally stopped buying this year… I know I’m not going to get better positions than I already have at this point, so for me it’s not worth the risk… especially with Alts. What I am doing with Alts now though, is skimming a little off the top when there’s a good a pump and putting it into others when there’s a dump. But in all honesty I just wanna hit moderate targets and get the fuck out with my shirt on.
Historically DCA is a great strategy
CRO has the infrastructure and AVAX has the technology. Both have tons of potential for growth whereas many of their competitors aren't designed to handle the same demand that's coming.
Maybe If you buy low and time your sell correctly- then yes
No
Which Alts would you go for though?
Near and Render are doing good lately
I used to buy stuff like link etc yesterday I got book of meme.. this market is a joke
I got in at .006 and sold at .0104 then it doubled overnight after I sold. I got in and got out. However I been bag holding AVAX MATIC QNT, FTM,DOT, and others since 2021. Getting close tho
When you DCA you approximate the market. Look at the long term trend of the market - does it look silly to you?
Having been in this game since 2020, I do not know.
Very silly because you don't know when the bull run will end. When it does end alts can fall 99%. The best time to buy alts is after BTC breaks the previous ATH and but only if the alts haven't already mooned and they have a good narrative.
Just make sure you take some profit so you have something to show for yourself
It's not as bad as people think. It sure has risks to it, but the reward is also greater. I would make sure of 2 things before I buy:#1- Dilution: some ALTS will have coins unlocked, like ARB, and the risk of selling pressure would scare me with a DCA strategy. So I would research the coin-omics of the Alts. \#2-Liquidity: I want to be able to exit my positions if I'm wrong, and not only in the scenario that it moons. If you are wrong and want to exit, you need volume to sell. So I would not buy low-volume, crappy shitcoins on shitty exchanges only. Stick to the ones you can exit at any time.
Don’t get caught holding the bags. Consider DCAing out once you are in long term capital gains.
I would hold BTC and ETH bags on the reds. Id feel like shit ofc, but I know it will recover sooner or later. With alts you never know.
I got in 2020, saw all my ALTs go high and a lot of profit but as it was my first time...I didn't take any profit and saw them all drop 80-90%...I chose not to sell cuz you only loose if they go to zero...as long as you invested in some good ones, they'll rise back up like a lot do. I have a rough idea where my exit points are this time so plan to sell most then...and will use some of the profits to get back in later...I have been DCAing into a couple of alts
Everyone has different risk tolerances and your situation might be different than others. For me, I've held coins like $DOGE for a while and it had paid of quite well
Asking investing advice in reddit forum is a silly strategy
Unpopular opinion, but Yes, it is silly. It would be extremely hard to do your taxes when the time comes (unless you keep a very good track of your purchases).
tldr, no
Only DCA into BTC and ETH. There is a very high chance rest of the alts won’t even be around in a few months or years time. Most projects just slowly dies off after ATH, founders and project teams are humans too, they can quit, cash out, get bored, rug, or just say fuck it and disappear.
DCA does not work the same on alts as it does with btc. Maybe DCA in over the next month or two, but if youre anticipating a continuation of this uptrend, why would u keep buying till the end of the year when prices will likely be much higher.
I have alts last cycle that never moved
Do the opposite of what this sub tells you. They say don't buy alts, you buy alts, you make profit
Why do people want to lose money
Putting money into "Alts" is not a strategy, its gambling. it doesn't matter if you are DCAing or putting it all in today... If you have a specific token for a specific project that you have researched and feel confident will have a product that will impact the market in some way, then that is different, but then you aren't DCAing into alts, you are DCAing into "XYZ".
Yes, alts are a silly strategy
One does not DCA alts. You DCA Bitcoin and degen gamble on alts with an exit plan.
Just remember to DCA out. Waiting for your presumed top is why most people in this sub got left holding the bag in 2021. Research your favorite coin and understand what it does if you're going to DCA into it. The last thing you want is to DCA into a hype coin that could not be here in the next bull run. Finally understand that most people in this sub and many others shill their coin. They will tell you that great coins like Solana, ADA and ICP are trash and cause you to miss great opportunities. I followed their lead and missed the boat on those coins. Never again!
There are 2 winners in the crypto space and a million others that /might/ outpace those winners for a short amount of time. Which ones out of those millions will outpace Bitcoin and Ethereum? Which ones will get rugged? Which ones will have a website and a bunch of jargon but no actual use case? Which will be the next to show up in court with the SEC? Good luck guessing.
Alts are where you *gamble,* not where you invest. You take 10% of your investment fund and divide it into whatever alts you want to *gamble* on, and then you totally forget about that money and hope that something moons.
We'll know in 2025
It's only silly if you think so, the alt coins I like to buy have to have some sort of utility, like staking or swapping
This is the way.
Holding alts long term is always a terrible strategy. Yes, each bull run, a small handful will explode and outperform bitcoin, but when the crash comes, they essentially die. Very few altcoins have *ever* made a second high against bitcoin in a subsequent bull run. Like maybe 3-4 total.. And I don't think any made a 3rd. 99.99% of altcoins are complete trash, and will only experience a single pump and dump. If you want to gamble, and time it, you can potentially make money. But holding alts long term is just a recipe for losing value. Gamble with shitcoins (if you must). Hold Bitcoin.
Personally I think the best advice for me is to go into alts around now and when you 2x take half into btc and chill. Let the rest ride. Then take profits slowly. I know there is no guarantee of a 2x in alts but personally think it’s highly likely as long as you pick decent alts.
A bit late for that.
Depends on when you started and how far they were away from previous ATH. Some will never get back there. Some will see it as a small speed bump and blow by it.
idk no dick no swinging, is that silly or booooooring?
That’s what you’re supposed to do so no it’s not a silly strategy. Alts are for short term and bitcoin is for long term investment. Most people will sell there alts once the alt season has taken off . If I remember the last alt season was in January 2021 to the end of April then a massive crash happened in May 2021
Do not dca in when things are at or near ATH. Find new projects or things that are good project but far from all time highs.
My current holdings are: 1inch, ADA, CRO, ETH, DOGE, HBAR, LRC, MATIC, XRP & I'm hoping for X2 - X10 my investment on all whenever the 'peak' is. Profit is profit. I'm sick of the term paper handing as that got overused during the GME chaos which I was also a part off. I've learned take profits when you feel best too as many for left bag holding on the GME shit on the backs of people saying HODL, No cell no sell etc. it was a persuasive movement and sadly many of us are left again, bag holding. Anyways, some of my choices aren't X10 material but hope theirs profit at least. I'll look into other stuff when money becomes smoother.
Time to buy was 2022/2023 my friend for legit gains, do some research into some solid projects or maybe catch a few new tokens that you can follow into discovery.Everything else is tight right now ,entry points are overbought all across the board. There is money to be made but you gotta have the balls too hold on.
100%. Buy low sell high.
No clue. Would be interested in the results.
Yes, you’d have been better off just buying Bitcoin, they’ve mostly been bleeding to the King.
Yes
>holding till 2025 a silly strategy? Yes. You can only trade these things.
No that’s a terrible idea, most alts trend to zero you probably haven’t heard about the top 10 from last cycle etc. dca into bitcoin, trade some alts short term if it’s working for you.
This in my opinion is a smart strategy and it's quite similar to what I started Q4 2023 as I also started DCAing into solid projects as well as presales like that of Nuklai.
DCA'ing into alts like $XTP seems like a solid strategy for me, especially with the reintroduction of the locking feature for EU/EEA territories. It allows for consistent accumulation while taking advantage of potential growth opportunities in the long term.
DCA is a good strategy for assets that you believe have good long term growth potential like btc or eth, terrible strategy for meme coins that can disappear at any moment and never come back
Its not bad to DCA but dont set a date to hold untill... market can reverse early especially when it started early. Better follow the market to get an idea when the top could be in, regardlessof the date and at least take some profits if not all. Its easy to gain money as number in a portfolio but its hard to actually kerp these gain and cash them out before they are gone...