Slow & Steady

A few days ago, a pop-up message appears on my screen while in an exchange warning about scams offering services related to cryptocurrencies. These are the types of modus where they will offer discounted coins, mining schemes, & once again fake ICOs. It solidified the thought that we are already in this new cycle of Bullrun!

source

By now cryptocurrency is all over the news. The big names in mainstream social media are getting involved. There are more investors that are pouring into the crypto space and they come with their huge bag of fiat to invest in crypto projects of their choice.

Just look at how Bitcoin behaves in the past 24 hours...

That is the kind of chart that a trader would like to ride if they know how to ride it. A quick pump that is followed by a rolling terrain of downward prices would easily earn you 10% to 20% from it.

This is not my forte and it's not something that I want to take part in. It's too volatile for my preference since I easily end up on the losing side.

For now, I gearing towards a more secure way of crypto investing; to DCA my buys. Also, I'm avoiding BTC at this moment and wait until the tide settles.

Some would say that a price of 30k and below is a good price to buy some BTC. I would say that it's still a steep price to buy. I prefer going in below the $20k price levels and if goes down near the 10k level that's definitely a really spot to buy more. That's just how I feel right now. The current price levels of BTC is too risky and I don't like that. I would rather place my money in Altcoins that have a long-term prospect of growth and a good plan of action to deliver products that I'm more than willing to use.

I'm talking about projects that have a strong community that's backing them and a highly dedicated team that's developing them.

Does that mean that Ethereum is better at this point?

I feel that it is. Especially that ETH is relatively young compared to BTC and it's currently transitioning to Proof-of-Stake consensus. By the time the POS consensus is fully implemented, the high gas fees are no longer a hindrance in making transactions with small amounts in the ETH ecosystem. It really opens Ethereum to a much wider extent of use-cases. That's something that I'm most excited about. Also, that is something that won't arrive in a few months. I feel that it would take place in a few years. For me, it means that I have a lot of time to DCA ETH.

That's the kind of game that I want to play for my crypto investing.

I have the patience to wait for the next cycle.

And this time I have the focus to maintain my sanity in short-term losses.

Full-Alt ahead!