Some crypto ramblings

It's a little over a month since the major rally in the price of BTC and while that happened... many of the altcoins that I hold didn't even flex during that period. It looks like BTC has started the downtrend after it reached the 40k level almost 3 weeks ago and it's now sitting at the 30k level.

If the 42k (almost) ATH is the end of the cycle then I should keep an eye for the bottom of this cycle. I have mentioned in my crypto financial plan for this year that I should get 0.1 BTC to be added to my portfolio before the end of this year and it seems like I could achieve that by March if the price of BTC drops even further.

Even though many of the altcoins that I hold have made very little growth this January, I do have some coins that actually performed well at this moment. One of them is $AKT which grew to over 90% in the past month. So, I'm still bullish on this coin which I will keep building and compounding until it reached the projected (inherent) value of $7.40 or somewhere close to that. Anyway, this is a token that has great potential in terms of passive income by the time the cloud service marketplace goes live. So, I'm definitely keeping it unless something goes terribly wrong with it.

Another coin that I'm looking into is $EASY which is the token for EasyFi network. It's a fork of Compound, and it's been doing better in the past 2 weeks as well. Too bad I sold the majority of my $EASY tokens but I'm glad that I still left a portion of it in case it suddenly spikes to 300%.

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Keep stacking

In this current bull run, I realize that the altcoins are highly unpredictable and they don't necessarily repeat history or go as expected. Even BTC didn't or haven't really gone as expected. Not to a specific price point that many have predicted. That's the reality in the crypto world.

The way I look at it, the best approach to do for now is to keep accumulating, staking, and compounding until the next cycle or until the desired price. It's the most viable way of growing a crypto investment. And in this case compounding is the best strategy to increase the rate of earning potential for inflation-based tokens like many altcoins are.

The only question is where to?

Which project should be the one to take part in?

At this point, BTC & ETH are the ones that have the legitimacy that is proven through a long period of time. Although there are a lot of projects that have really interesting use-cases, they still don't have the track record to justify the sustainability of the project itself.

That's when we have to look into the team that is working on the project. If possible, get a reference for the specific people who are directly working on the project. It may not be a guarantee to the success of the project but it's a strong point to consider when deciding where to put your money into.

Lastly, get involved in the project in any way possible. Even the simplest joining to Discord or Telegram chats to get a glimpse of the development or direction of the project. You will be surprised how much insight you will get from the chats alone.

Have fun stacking!