Over my time in crypto, I've found myself to be a much better long-term investor than a day trader or anything like that. Actually, there is a certain sense of peace from just planting a long term bet into a particular crypto project and not stressing about whether or not it goes up or down on any particular day. In fact, I rarely bother too much with limit orders these days unless I'm setting up a spread of orders to bolster a token holding or to take profits. Most of the time, I don't have the patience and will just market buy/sell.... it isn't highly efficient, but I have absolutely no desire to be starting at prices and charts for longer than a few seconds.
Right now, if you have been in crypto for longer than about 6 months and you haven't been FOMO chasing the latest meme coin in time to be dumped on... well, you should be in a nice profit. I would advise taking out your initial investment and a small profit, just to be sure that you are now playing with house money. It makes everything much better... of course, you "could" have made much more if you didn't take the safe road... or you could have LOST much more if you didn't take the safe road. No one knows, but whichever route you take... just be happy with the choice, and don't look back with regret. For me, the choice is definitely to be sure that I'm not at a loss.
So, with that out of the way... I've generally aimed money at infrastructure type projects, and over the last year have been prioritising interoperability, privacy and usability type projects. When you are playing with house money, well... the stress is completely gone! That is an incredibly nice place to be, and something that I would really advise everyone to aim for.
I tend to look more at fundamentals rather than technical analysis... and due to that, I tend to miss out on the huge swathe of useless meme- and shit-coins that get spawned every day. On the other hand, another way to see it is that I avoid being burnt by the huge swathe of crap out there!
That said, I'm not adverse to dropping my idealism for a moment and taking the occasional punt on something that I think is completely worthless and with no merit. I acknowledge the fact that the crypto ecosystem is full of irrational actors and is more subject to herd and social behaviours over more substantial factors... the idealist in me wants the projects that I believe in to succeed, but I'm not above trying to scalp some money if it happens to be there.
I don't think that anyone really has much insight (unless they are influencers doing dodgy crap to their followers) into which of the low-cap poops will shine up to be diamonds. Honestly, I think that it will be none of them... but time after time, people prove to be stranger animals than I would ever have imagined!
So, I'm assembling a list of 50 or more low cap "poops" that might be that lucky ticket, and throwing a handful of money at each of them. More likely than not, all of them will be worth exactly zero... and I'm writing of the amount that I'm throwing at them. But who knows! Perhaps one of them will at least cover the costs of pursuing this stupid poop-spray strategy!
It sort of hurts me more than a little bit to be pursuing this... I will likely set up new wallets especially for this purpose, just so that they don't sully up my real ones.
I'm thinking of these as more like a lottery ticket.. I don't believe in any of their fundamental premises, but only in their sheer "low-cap"-ness... I fully expect the money to be gone, but it would be a nice surprise if it proved otherwise, but like any lottery, you have to buy a ticket or two to be in it!
Anyway, I've assembled a starting list of 50 tokens.... and it appears that I just can't help myself, and I've included more than a handful that seem to still be promising ideals/projects. The only restriction that I've had is that the tokens can't be only purchasable on Ethereum mainnet, the current gas fees there make it too much of a sunk cost into the initial bet.
Let's see in a year where this ends up... probably zero, but on the other hand... if the traditional stock market has told us anything, it is that even professional stock pickers and hedge fund managers don't really do much better than chance! So, I'm essentially leaving this to chance, perhaps this will be the best investment manager of all time?!?!??
or more likely not...
... wish me luck! And shill your favourite terribly horrible token with absolutely no future!
I can also be found cross-posting at:
Hive
Steem
Publish0x
Handy Crypto Tools
Ledger Nano S/X: Keep your crypto safe and offline with the leading hardware wallet provider. Not your keys, not your crypto!
Binance: My first choice of centralised exchange, featuring a wide variety of crypto and savings products.
Kucoin: My second choice in exchanges, many tokens listed here that you can't get on Binance!
FTX: Regulated US-based exchange with some pretty interesting and useful discounts on trading and withdrawal fees for FTT holders. Decent fiat on-ramp as well!
MXC: Listings of lots of interesting tokens that are usually only available on DEXs. Avoid high gas prices!
Coinbase: If you need a regulated and safe environment to trade, this is the first exchange for most newcomers!
Crypto.com: Mixed feelings, but they have the BEST looking VISA debit card in existence! Seriously, it is beautiful!
CoinList: Access to early investor and crowdsale of vetted and reserached projects.
Cointracking: Automated or manual tracking of crypto for accounting and taxation reports.
Stoic: A USD maximisation bot trading on Binance using long-term long strategies, powered by the AI/human system of Cindicator.
StakeDAO: Decentralised pooled staking of PoS assets.
