Just wondering…do you have different mental buckets for different cryptocurrencies? The first group may be the coins that you intend to invest for the long term, so you DCA in and DCA out regularly, even to the extent of eating ramen just so you can hit your DCA target. Some of you may not even want to DCA out because you regard this as a form of inheritance to be passed down to your children.

A second mental bucket can refer to cryptocurrencies that you use on a fairly regular basis to facilitate your daily transactions. These coins may not be likely to soar to the moon anytime soon, but they are cheap and fuss-free, so you use them. Nothing glamorous, just letting them do your mundane work.

A third bucket may refer to those small-cap alts. You have scrutinised the white paper, interacted with people on their Discord, checked out Crypto Twitter to death, and have decided to place your hopes on them. They seem likely to escalate in value, so you surely don’t want to miss out on the chance to make profits. Finally, you have those high risk high reward coins, in which you trade with reckless abandon, you are confident, cocky even, about timing your buying and selling such that you will make many times your initial capital. Ya know, crypto is the best casino there ever is.

Do you just have one or all four of these mental buckets? What other mental buckets do you have?

originally posted on r/cryptocurrency