Quote from: GreatArkansas on Today at 01:49:57 PM

You should be careful also what you are accumulating. There are a lot of shitcoins right now.

That's right, all projects now go with the same story - "buy now cheap, profit in 2-3 years", although a good part of these projects will fail by then. Although I can't be sure exactly what the OP means when he mentions investing in cryptocurrencies, but I guess it's not just Bitcoin - we all know that altcoins are especially risky in the long term, especially these new projects that appear like mushrooms after the rain.

Quote from: a.amt94 on Today at 01:05:06 PM

My goal right know is to accumulate as much crypto as I can, but I'm not sure what the best strategy is considering the current economic factors. The approach I've had over the past couple of months has just been dropping a portion of my salary each month into crypto. But now I'm considering stacking my fiat to buy in on the bottom of this bear cycle which I think is yet to come. Would this be a wise decision? Or should I just keep going with the approach I have now?

Do not fool yourself that you can successfully detect when the crypto market will reach the bottom, because it may have already touched it without us being aware of it at the moment. If you don't want to go completely with DCA, maybe it would be best to find a compromise and save part of the money for a possible new bottom, and use part of it to buy every month regardless of the price?

Regardless of which strategy you decide, do not lose sight of the security of what you invest in, which means ensuring safe storage in the form of a cold wallet, or perhaps a hardware wallet.