For now on, I'm only buying. Buying promising coins using DCA or those very promising coins during bear markets.This industry is full of so many promising projects, but they are all just babies. Even Ethereum is a baby, exemplified by its utter unusability even for basic crypto promises (eg. $46 mining fees to move $200 in crypto). Also, bitcoin is going to hit $1 million eventually - guaranteed. People compare bitcoin to the market cap for gold (~$10 trillion), but what's so special about gold? Gold sucks, bitcoin is the future - especially with 21 million max coins, increasing utility, and mass adoption.In general, this industry hasn't even gotten started. It's like the internet in 1992 or maybe 2002 - but bigger. Apple, Tesla, Amazon - those aren't even relevant comparisons for where we're heading.... The GDP of the US is $21 trillion; China is $15 trillion; Japan is $5 trillion; the UK is $3 trillion. Crypto will be a significant portion of the world economy - bigger than entire countries - especially 5, 10, and 20 years from now.My plan for the next 2 years is to diversify big time, then reassess. Diversify between defi, gaming, non-ethereum layer 1, Bitcoin, Ethereum. I'm expecting some of them to plunge, but I think at least 5 of them that I choose will 50-100X in the next 2 years.Gotta keep an open mind, not act on impulse, and never invest more than I can afford to lose.
Submitted November 30, 2021 at 02:34AM
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