To all those new to crypto, here’s some of my experiences that could benefit you all. In 2016-2018 I invested around 20k in altcoins and turned it into 60k and then proceeded to lose almost all of it (was down to 10k). I had done extensive research in my projects and bought throughout the following years and that 10k investment (maybe more like 20k from further buying) has now turned into 600k in February but is back down to 200k. I will continue to buy and know that when in doubt, zoom out.

likeuplifting
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By research what do u mean? And in comparison to your portfolio, what % is 20k

Not sure what your asking but in 2016 20k was my entire portfolio. I only bought a handful of altcoins but cotinuously bought during the bear cycle and over the years i exponentially grew my portfolio. It has now been a 10x from the beginning (although I achieved a 30x but never sold) I beleive long term in crypto and see these trends as buying ops.

What’s your take on this cycle for btc and for alts?

Hard to say because this cycle is 100% different than in 2017. Maybe 60k was the top, and this time around there isn’t a blow off top. Remember a blow off top is mostly indicative of retail investors owning the market. Now thst we have more whales and institutions involved I could see a more elongated bear/bull trend in either direction. Nonetheless, I don’t see btc going anywhere and if you can adjust your horizon to a long term view, you’ll know we are still early. If I had to guess, I say there’s still room for 20-25k btc lows before a run up to 70+ before we turn truly bear. Or we’re currently bear and we wait for the next cycle to begin (but thst doesn’t necessarily mean the next cycle is during the next halving in 4 years). My advice currently is to be cautious of alts and only buy btc at dips. Once bitcoin looks bullish again, then shift your focus to alts.

smart

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