Hindsight is a wonderful thing and also a curse. I think the important thing is that the market moves in cycles and so opportunity will hit again, it's just whether you learn the lessons of the past or not. I would like to say I learnt the lessons of the past, but having been through a few cycles now, I still did not sell my crypto at the top of the last cycle as everyone believed the market was going higher. It is difficult to sit and watch your assets plummet but as long as you hold on then things will come back up when people head further down the risk curve again. I hope your NFTs head back up and you get the rewards you deserve :) (just remember to cash out 1 or 2 in future)
Yes you're right. Hindsight is a wonderful thing. What I've realised is that no one really knows what's going to happen but this time around I'll certainly be hedging my bets like you say.
Out of interest what Cryptos are you into and do you have any NFTs?
I didn't understand why people were paying hundreds of dollars in Ethereum gas fees for some pixelated images and then also monkey NFTs when they came out so have sat and watched the whole thing unfold. I've never got my head around the draw of Ethereum unless you had hundreds of ETH and were extremely early in which at that point gas fees don't matter as much.
When I have tried investing in early projects, as you know, there were a lot of rug pulls, so all of my 'swing for the home run' investments ended up losing 99% of their value, which hurts but luckily I kept that to a 5-10% chunk of my porfolio and the core is BTC, LTC, ETH, ADA, BNB, TRX, NEO and then some newer ones like SOL, HNT, DOT, EGLD and a handfull of others. I've seen people go all into 1 project when I've told them to diversify and they've lost 99%, so I've always tried to keep a broad range which has worked well.
Just need a 10x minimum in this bull run and I may be able to leave work! 🤞🤞
Thanks for the message, Mike—sorry I missed it! My plan is to focus mainly on Solana (70% weighting) and Sui (30%), keeping all my NFTs from the last cycle. I’ll likely sell around 30% during the peak of the bull market for some lifestyle cash but hold the rest well into 2030. That’s the plan, anyway! Hope you’re doing well.
Hindsight is a wonderful thing and also a curse. I think the important thing is that the market moves in cycles and so opportunity will hit again, it's just whether you learn the lessons of the past or not. I would like to say I learnt the lessons of the past, but having been through a few cycles now, I still did not sell my crypto at the top of the last cycle as everyone believed the market was going higher. It is difficult to sit and watch your assets plummet but as long as you hold on then things will come back up when people head further down the risk curve again. I hope your NFTs head back up and you get the rewards you deserve :) (just remember to cash out 1 or 2 in future)
Hi Mike,
Yes you're right. Hindsight is a wonderful thing. What I've realised is that no one really knows what's going to happen but this time around I'll certainly be hedging my bets like you say.
Out of interest what Cryptos are you into and do you have any NFTs?
Cheers.
Hi Jayden,
I didn't understand why people were paying hundreds of dollars in Ethereum gas fees for some pixelated images and then also monkey NFTs when they came out so have sat and watched the whole thing unfold. I've never got my head around the draw of Ethereum unless you had hundreds of ETH and were extremely early in which at that point gas fees don't matter as much.
When I have tried investing in early projects, as you know, there were a lot of rug pulls, so all of my 'swing for the home run' investments ended up losing 99% of their value, which hurts but luckily I kept that to a 5-10% chunk of my porfolio and the core is BTC, LTC, ETH, ADA, BNB, TRX, NEO and then some newer ones like SOL, HNT, DOT, EGLD and a handfull of others. I've seen people go all into 1 project when I've told them to diversify and they've lost 99%, so I've always tried to keep a broad range which has worked well.
Just need a 10x minimum in this bull run and I may be able to leave work! 🤞🤞
How about yourself?
Thanks for the message, Mike—sorry I missed it! My plan is to focus mainly on Solana (70% weighting) and Sui (30%), keeping all my NFTs from the last cycle. I’ll likely sell around 30% during the peak of the bull market for some lifestyle cash but hold the rest well into 2030. That’s the plan, anyway! Hope you’re doing well.