By now, technicals don't matter anymore. Bitcoin can be dormant for any random time period; this could be months up to a few years.
Fundamentally, it is still ground breaking technology that has solved the use case for banking the unbanked.
I've consolidated my HODL stash into the following few. I have liquidated a good chunk into USDs.
Bitcoin- Most decentralized cryptocurrency with the largest network effect. It is deflationary and has the largest mining pools.
Ethereum- Most decentralized/advanced dApps being lead by the young and talented Vitalik. Ethereum and Bitcoin will be the toughest networks to take down in case of a crackdown. Many distributed nodes around the world. In due time, they will be able to scale.
Cardano- For the unit bias and peer-reviewed university research.
I have some smaller speculation on
Short term trades are currently in the gutter. It's a good time to focus on the long road up ahead.
Fundamentally, I believe NEO, ICX, QTUM and the likes are too centralized. This sphere of cryptos trade off decentralization for speed (much like Ripple but I believe XRP will have improved interoperability in the future. )
I still believe Doge is the best indicator for the next market cycle. Lets enjoy this sideways action without getting burnt out <3
20 satoshi doge; let's go!
@kevbotThis channel is meant to be my journal of thoughts on crypto, working, traveling, and food. Sourced with photos, videos, and blogs.
