Super cycle is practically confirmed at this point.
We're at end Dec & yet there's no bull-run "grand finale" in sight. If your strategy was to cash out at "cycle top", time to rethink that.
There's nothing wrong w/ planning a cash out at mkt top, but my Q to you is what are you going to do w/ that money instead once you sell?
If you sit on cash you'd lose outright b/c fiat depreciation. Stock mkt valuation at current level implies negative return for next 10 yrs if history is reference. Real estate valuation is equally frothy.
You'd be delusional to think those mrks would be better investments once you cash out from crypto, as the latter is on expo growth path while tradFi mkts are more mean reverting.
Aside from taking money out to make lifestyle purchases, there's hardly a better mkt to invest in the world than crypto, bull market or not.
You say, I'll sell cycle top & buy back later.
Great if you manage to do that. But keep in mind even in last proper "cycle", bear mkt really only lasted a yr.
This time it's more likely to be shorter or mrk just goes sideways forever for anybody to catch an actual "bottom".
And crypto mkt is fast on the way up. If you blink the train has already passed you.
Obv it's your money you do as you please. This isn't investment advice. My point is simply don't assume you're smarter than the mkt.
Humbly riding along w/ mega growth trends may be a much easier life than trying to be clever.
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You can argue all day abt which chain has faster settlement or is more decentralized. But end of day the value of a L1 depends on size & productivity of applications built on top, i.e. its on-chain GDP.
Monetary policy sovereignty of every country on earth will be weakened by crypto in coming decades.
A rundown of how it may play out, in short term & long term 👇
First off, to clear a common myth popularized by maxis of every stripe— large cap cryptos like BTC, ETH, SOL do not directly compete w/ fiat money & won’t replace latter in foreseeable future.
To be a good unit of account & medium of exchange (2 key value props of any currency), price of token vis-a-vis real world goods & services needs to be stable.
If 1 xyz token buys you an iPhone today, it’d better still buy you roughly the same iPhone 1 yr, 2 yrs…from now.