Replying to RevCurry

I appreciate your answer(ing). I am in it for the long haul, I guess I’m still new enough to it that I am monitoring the short term too tightly. I know each coin is almost it’s own market, but have I noticed accurately that as the space’s elder many of the other coins seem to parallel bitcoins cycles?
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techfeudalist 2y ago

They often do, but I’m expecting a divergence this cycle. The financial industry is setting up to come into bitcoin in a significant way with new ETFs (eg BlackRock) and institutional exchanges (EDX). The alt coins will likely be suppressed from the attack on Coinbase and Binance. So basically bitcoin should outperform.

I went down the ETH rabbit hole for many years until I realized that all roads lead to bitcoin. I focus exclusively on bitcoin now and I just use it as savings. I never trade. Just buy and hold for retirement.

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fc
RevCurry 2y ago

I’ve done the ‘learning rewards’ thing but have been skittish with throwing usd at it because of its volatility

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techfeudalist 2y ago

Understandable.

It usually takes a full cycle (four years) to get more comfortable.

I recommend putting in a small amount and learning how to take self-custody. Along the way, you’ll dig deeper into the system and realize the path is volatile but the direction is higher because the whole world has to fight over a fixed amount.

If you have any questions about the system or software, don’t hesitate to ask!

fc
RevCurry 2y ago

Ty