ETH Reddit Mentions | ChartExchange

Going to give you a long response.
Becoming familiar with price action and being able to recognize the correct times to be buying vs. just letting everything ride is the most important thing to get down. As mentioned, I first got into this market in late Q1/early Q2 of 2018, basically right at the beginning of the bear market. I didn't know wtf I was doing and had no concept of the cycles and basically was buying way too heavily on the way down. By the fall of 2018 I had figured out a dollar cost averaging strategy that worked for me. I also rode the mini bull market wave going into the summer of 2019, which was when I significantly slowed down my accumulation and stacked cash, which allowed me to buy heavily late 2019.
Most people get wrecked by this market because they seem to buy in at the incorrect times in the market. That's why there are so many people that complain about a certain alt or whatever but when they reveal when and where they bought it all makes sense. For instance, tons of people were buying ETH at 4k in 2024 and complaining about it being dead.
I would also say that people take on way more risks in this market than they need to be, particularly with overspeculation on alts. The reality is that if you buy BTC during the lows of the bear market years you can make massive gains without taking the risks associated with alts. For instance, in 2022 I executed my plan by heavily buying BTC when we were at the 200 week moving average, back then it was around 20k. I made some large moves in the 2nd half of 2022/early 2023 and then let that ride from there. I did the same thing here in 2026 by buying BTC in the 60k range. I also did/have accumulated alts as well, but with the exception of 2021 or in very isolated and specific times they mostly just tag along with BTC or in the worst case scenario they bleed against it.
Alts in my opinion are great for swing trading opportunities if you can learn when to buy them but holding them for the long term is a complete waste.
For instance, in late 2020 I bought some large bags of LTC at an average price of $40 and rode this into $400 in the spring of 2021. If I had continued to hold through now my original investment would have been roughly break even to slightly up for YEARS. Meanwhile, if the capital I had invested into LTC in late 2020 was allocated into BTC at 10k and I held I would have been up the entire time, and by significant margins as well minus late 2022/early 2023.
This 2024/2025 cycle we had virtually no alt season, but I also think that we are on the cusp of another one now that retail has been completely shaken out and alts were at abysmal levels in June of this year. With that said, I see alts as a massive risk with regards to not losing $ but potentially losing out on sats that you could be locking in for the long term. You can do both, but most people screw this up.

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