You are viewing a single comment's thread from:
RE: The Fool's Errand: Min/Max Strategy
The volatility of crypto is an attack by the establishment.
They can't suppress the price down unless they manipulate it up first.
Fortunately there will soon™ be stable crypto assets that can be used instead of USD.
Any network can impose their own monetary policy.
Just look at Maker. Wow, what a pretty crypto graph. Do we think it turned out this way randomly? It's obvious to me that the big stakeholders are regulating their own network. This will become the standard for a lot of coins.
1 accumulate as much btc and crypto as possible - NOW!
2 hodl until new ath / peak
3 sell for dubious new stable cryptos (which are not bound to fiat but are highly centralized/ ninja mined/ regulated/ whatever - for every flaw a stable coin)
4 loose most of ur wins cuz stable coin scams or government taxation
5 try to buy in BTC low again with the laughable rest of ur money to profit from the next bull cycle (you've learned a lot and will this time do it right! maybe the last time cuz there aint that big btc halvings anymore..)
I'm probably just going to use Dai for a stable coin.
Backed by Ethereum. Seems good enough for now.
Also, Litecoin just had it's first and biggest halving.
That's what I'm betting on in the short term.