#altcoinseason 2021 is going to way way crazier than 2017! Here's why
1 - There are now multiple blockchains running smart contracts applications that actually have users. 2017 was basically all about #Ethereum
2 - There have never been so many fiat on ramps. Cashapp, Paypal, Robinhood, and all the crypto native exchanges. It has never been easier for retail to enter the market.
3 - So many working products. We have amazing #defi platforms like Aave, Uniswap, and Synthetix. And dozens of new comers.
4 - #bitcoin ETFs are coming to the USA. This will pump the entire market. Altcoins will have their final orgasmic blow off top when Bitcoin tops. The higher BTC goes the bigger the altcoin blow off top.
5 - #dogecoin shows that a lot of new money is flooding the market. Clear altcoin insanity indicator.
6 - #cardano smart contracts, polka $dot parachains, and #ethereum moving to proof of stake and then 2.0
7 - Token sale raises are way smaller with way more upside. Launchpads are changing the fund raising game.
8 - #ethereum layer two like Optimism and Polygon #matic will prevent insane bottlenecks on ETH making the premiere network more usable.
9 - VC money and institutional money are flooding the market. AZ16 just launched a billion dollar #crypto fund. Companies, family, offices, and funds buying altcoins already.
10 - Because if you survived the bear market of 18 19 then you f#@king deserve this!
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Ethereum has an incredible lead in terms of network effect. Deep liquidity. And the most developers by far. It will take years for a competitor to catch up. All the time eth will continue to grow.
Eip 1559 will introduce fee burning for #ethereum meaning it will likely become a deflationary coin
Risk management is the biggest factor that will determine getting wealthy investing without getting lucky. #bitcoin#ethereum#crypto
Take profits when you see massive market pumps happen. Broken record here, but even taking your initial capital back out can make a huge difference.
Keep position sizing according to risk. High risk altcoins, and ICOs should not be more than like 1 to 3% of your portfolio. The risk of loss is too high to go higher, but the upside potential is massive.
Here;s my #crypto portfolio
#1 #bitcoin 22% ideal number is 50% of my portfolio, less now because other investments have gone up and I have not significantly rebalanced yet.
Lending about 40%, trading account about 20%, cold storage 40%.
Continually add more, long term hold
#2 $usdc 14%
This is almost all lent out. I use Blockfi, cryptodotcom, and Yearn for earning yield on my stablecoins. Not much extra after that though since I just invested in 2 token sales, and bought a little dip action.
#3 #ethereum 13.5%
I keep adding to this position and am very bullish on its future.
Lending most of it out via Blockfi, cryptodotcom, and Yearn Vaults and earning a nice bit of extra $eth as a result.
Here is why I am bullish on #ethereum
1 - ETH has the biggest network effect of any smart contract platform by far
2 - ETH is the home of #defi, the majority of dapps living on ETH
3 - Ethereum is the home of stablecoins
4 - Ethereum has more developers than any other chain
5 - Ethereum is the second biggest Grayscale bag meaning institutions love ETH
6 - Ethereum is being used by some of the biggest companies in the world like Microsoft and Ernst and Young
7 - Ethereum is at the forefront of enterprise adoption
8 - Ethereum will disrupt stock markets, bond markets, real estate markets, forex markets, and derivative markets
9 - Ethereum has not one, but about a dozen layer two scaling solutions being deployed
10 - EIP 1559 will introduce fee burning making ETH potentially deflationary