If you categorize your holdings and portfolio in easy to read charts and graphs, you'll learn a lot about the swings and different phases of the markets. I remember how there were several phases in 2020/2021 where the alts I had were in sort of a battle with each other for the top five spot in my portfolio. Nowadays they are settling in and haven't really made radical losses or gains over each other and I think the individual worth within the portfolio i.e. monetary value of each separate holding, has barely changed the past year. They either go up collectively or go down, no one is really standing out by making massive gains or losses.
Last year though most of the alts made massive losses, but their recovery has been postponed it seems and it's the newcomers which are mostly meme coins and BRC20 tokens who are making massive gains in recent months. I'm not a big fan of these useless use-case-less cryptos, but that doesn't mean you can't make profits with them to maybe fill your useful crypto bags. But that definitely isn't without risks.
About two years ago I was using the no trading fee special for SHIB to try and make some more BTC and it sort of worked. But about 30 to 40 trades in, I had a trade where right afterwards the SHIB price dumped and I was stuck with the bag of something I really didn't care for. I held on to it for about 24 hours and when there was little to no change and the no trading fee offer was about to expire, I decided to cut the losses on that last trade and call it quits. Not long afterwards SHIB got listed on Binance and I didn't even bother to make myself crazy by calculating how much that last trade could/should/would have been worth.🥹
That's why I'm trying a different approach with these BRC20 tokens. I have a very few number of BRC20 tokens (just three in total) whom I reserved 1000 Euros for and I decided to let the coins fall where they may. Whatever happens with these three, happens. Which is a good approach IMO since you can't really trade these things that easily, at least not now anyway. So who knows, maybe it'll flop or maybe some day (one of) these three will have gone mainstream and be easily available on major exchanges right next to the Doges and Shibs.
But in all honesty though, I think I am just doing this out of boredom. I mean, is it just me? Are the alts in my portfolio the only ones who are not doing much lately? Have we been hijacked by the memes and jokes of the crypto world? For now maybe, but in the long run, only a fool would bank on memes as oppose to actual blockchain tech widely used and trusted by either institutions or even countries.
