I remember reading an article probably a decade ago about the life quality of modern man and the author was saying that for us, modern men, one day no longer has 24 hours. The way we are living(spending our lives) we somehow have 16-hour days. I know, it sounds weird, but when I think about how "hard time was passing" as a teenager, I tend to believe that guy.
We could blame this on technology cuz it's managed to steal a lot of time from us, but at the same time, it is technology that has pushed the world to the highs it currently is. Think of life without a smartphone and tell me you would like to live like that...
I met with a friend yesterday evening, we're good mates, we know each other since we were seven, but there have been times when we lived far away from each other. Since 2017, though, we somehow managed to stay in touch and meet quite often, that's due to the fact that we both live in the same country now(200 km away from each other).
He's the guy who brought me to crypto and while chatting with him yesterday evening we ended at some point talking crypto, especially the bear market and we remembered how the past one was, what types of discussions we had, and what coins we held at that time.
He at some point brought into the discussion, "my DOGEs". Yeah, I once owned over half a million of DOGE. That was probably around the 2018-2019 bottom in crypto. The gurus of these times, which are mostly nu gurus at all and probably dumber than 95% of the peeps on Leofinance, were saying that shitcoins won't make it out of the bear market.
Especially DOGE. The narrative was that only the ones backed by solid fundamentals would do that and thrive in the next bull cycle. They were so damn wrong, once the bull market came upon us every damn shitcoin listed on any exchange pumped and DOGE has had a quite spectacular one. Had I held to my stack for just a year or two more I would have been in the position of cashing in something like $400,000.
It didn't happen cuz I sold DOGE for cheap while listening to these bastards. I won't blame them for that, I will blame myself for being naive. Making money in crypto is not that hard was the conclusion that we got to when I drove him home, cuz the man had a few drinks. All you need is to buy near the bottom(something like one year after the ATH) and sell something like one year after the halving.
It's that simple...
You don't have to do anything else. Not all the coins will pump the same way or at the same time though. For example, we now have LTC doing a good job for a bear market, we had DOGE rocking it prior to the FTX saga and who knows what comes next... The idea is to not lose your head on the way. Stick to the plan, pay attention to patterns and have patience.
"In theory", I could have made $400,000 with just $1000 with my DOGE, but the question is: would I have had the nerves to hold on to my stack flying so high, all the way up, without dumping on a mere 2x-3x? I doubt that... You know, you don't have to buy the exact bottom and sell the exact top to make it in crypto, the meat in between is just fine.
Thanks for your attention,
Adrian