Keep Your Head Down And Grow Your Bags

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This period in the crypto cycle is probably one of my favorites besides the proper Bear market when everything is at rock bottom. I just think when you are busy growing your portfolio you don't have the price hype to worry about which can distract you from achieving your overall goals. Keep things simple and don't worry what the market is doing because these are the moving parts you have no control over and concentrate on the things you can control like growth.

I have noticed things have generally quietened down on social media like Twitter (X) which is understandable because people were hoping the Bitcoin halving would kick start the Bull cycle seeing a sea of green. This has never been the case and sideways movement is what is to be expected for the coming months.

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One of the differences this time around is the Bitcoin and Ethereum EFT's and the UK's ETN's which is like an EFT with some subtle differences. In the past retail investors have been in charge of the crypto markets and by selling out have allowed the institutions to take control. These are professional traders and we are now at their mercy and they will take their time making sure they buy at what they foresee is the correct buying in point.

This is all good news if you are currently building your portfolio by adding to your bags consistently because you are only increasing in value. The only investors who are having second thoughts are those who are either desperate due to not being able to afford tying up funds for the next 12 -18 months or those who are just to immature mentally to be involved in crypto. We know there are plenty of those types around with those who go all in on meme coins. I can only imagine their IQ banking on a dog coin to make them wealthy. Sure there have been those who have made big money from meme coins, but they are the exception to the rule.

I have realised over the years that the true wealth is gathered over time and possibly can get lucky, but generally it takes a cycle or two in order to generate what could potentially be life changing.

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This above screen shot depicts the top 200-300 crypto's by market cap and generally speaking most have had a great 12 months by being in green. COTI which is one of my investments is here showing a 42% growth even though it has lost around 140% in the last few months. Hive is another crypto that has not done much and is in the top 300-400 placed at 310 currently by market cap and is down 22.4% over the last 12 months.

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We are still yet to see the power of a bull cycle and it makes no difference whether one crypto is up and one is down because nothing has changed. A project does not suddenly become bad over night and why everyone should just keep their heads down and accumulate as much as possible through staking or by whatever means you use.

Posted Using InLeo Alpha