Now is the time to Build, Learn, & Study

Crypto investing isn’t sexy right now—for the average investor. Investing in general isn’t sexy right now, to be fair. After all, on a macro level, we’re in a recessionary environment, and fears over an “everything bubble” and nightmare hellscape gas prices like 1972 are freaking folks out (rightfully so).

But this doesn't have to be a bad thing. Maybe you're the kind of person who sees this as a real opportunity. If so, kudos to ya, Chief. I would argue that now is the time to study, read white papers, and do due diligence. Watch well researched video content; do whatever it you do in your DYOR routine. There are plenty of good threads on “how” to do that studying and research, like this one.

This is the time to really build that portfolio/crypto allocation size you’ve been dreaming about because everything is at a bargain relative to where we were. If you've been holding at all since last year or 2020, you're well aware of that. If you're new, congrats! You peaked your curiosity at, what I would argue, is a great time, albeit not the most "exciting" or "FOMO" inducing. Could prices go lower? Sure. I don't try to crystal ball the future. Mostly because I don't think that lower prices will really change the fundamental thesis/value of whatever it is I've been researching. $10k, $20k, $69K etc. If you're convicted in the notion of what BTC is trying to solve, then all of these prices are cheap relative to where we could go.

The hype and gamble driven mentalities that are evident in this sub and across markets are not as apparent now. This isn't just true in crypto. 2021 was full of hype—from crazy IPO offerings and meme stock hopping to FOMO into projects that offered little more than a coin with a burn mechanic. Personally, I would argue that most folks would be better off just dollar cost averaging into BTC & ETH or staying consistent with their portfolio allocation for the long term, assuming it doesn't involve a whole lot of longshot alt coins or low market cap shid coins. Only investing in a few assets will considerably cut down on the "studying" you need to do. I know that’s not sexy either or as exciting as chasing/trying to swing trade shid coins, but there’s a lot of data that has been posted in this subreddit and elsewhere to support this thesis of buying, holding, and continuing to buy for the long term the same projects. Even if you'd bought every top of the S&P 500 over the past 50 odd years, you'd still be up today considerably. Which is to say, most folks are better off just putting their eggs in a simple basket. I’ll provide some links if you’re doubtful. Here’s one on buying the top 10 coins over and over (it's updated monthly and u/Joe-M-4 makes great posts). But both make quite compelling cases for playing the long game and being consistent.

Again, I know that’s hard/unsexy work, and it’s not “fun” in the way the euphoria of this sub and the whole market can be/feel when things are giga-bullish and folks are making eye popping gains on *insert shid coin here*. But I think this is what it takes to meaningfully accumulate wealth and make educated plays long-term.