DCA & HODL
BECAUSE THE GAME HAS CHANGED
The game has changed. In the past we could rely on the four year cycle when creating our crypto strategies. Back then, we only had to worry about fellow retail investors. Granted some were more influential than others but overall the four year cycle ensured that everyone that HODL'd through ended up in profit.
Now, however, the game has been largely changed. Let's face it, we were all expecting Bitcoin to be at $100k (or higher) right now, COVID notwithstanding. Plan B, the formerly eerily accurate technical analyst, even predicted it with his "Stock to flow" model. That wasn't just wrong, it was nearly 50% wrong! Plan B doubled down in December, only for more market manipulation to move the price even further away from target.
So what now?
Well, apparently, the cycle is still there, logarithmically speaking, but it's been stretched over a longer period of time than four years. They are now saying that due to the influx of institutional money, and incoming mass adoption, we may not even see a bear market anytime soon. I doubt that. There will be a bear market, and it will be brutal when it arrives. 90% losses will be had. People will be decisively rekt.
Those that will be rekt will be those that trade with margin or jump into crypto irresponsibly. One should not trade, or invest for that matter, with money one isn't willing to or tolerant of losing. Even if one isn't leveraged, if one buys with mortgage/rent money and the price drops, one will be forced to sell at a loss. One will hence be rekt.
I'd say the answer is still the same. The one proven strategy - DCA and HODL. That's "Dollar Cost Average" and "Hold On for Dear Life" for the newbies out here 馃槑
You can't go up against these institutional forces that have very deep pockets and access to backdoors you will never have. They also have human resources that are more sophisticated than you can ever be. Trying to front-run them would be futile.
Peace & Love,
Ade虂
PS: Happy snapshot day. The amount of Hive and Hive Power you have in your wallet today will prove significant in the near future.