Thanks. I waited 24hrs to receive many responses before replying.
I was asked about BTC. As I'm aiming for 5x, I'm not sure BTC can achieve this. As that would take it to a price of circa $300,000 a coin. Alright, we do have the ETfs now but I still think that's ambitious in the near term.
It's possible I could improve my chances by trading/timing the market but that's difficult and posses risk too. I think we're in for another downturn before going up again-but what if we don't and I find myself out of the market in the upturn? My strategy is buy and to hold. I want to be diversified, helps to reduce risk but then downside is reduced returns of course. It's balance between risk and reward.
As for the coins I have, I get it, some are larger cap and therefore harder to move and make the big gains. The issue for me, I believe, is not only the Market cap but being in the right narrative when the market takes off. Perhaps ICP, FTX, GRT and LINK will not be in vogue come the bull market but all are solid projects. LINK especially has great potential and probably one I would pick up again in the next bear market. Solid projects won't guarantee a 5x of course.
If my coins only have potential for 2 or 3x I might as well switch the majority to BTC. I think that's doable for bitcoin going forward and would be far less risky!
I have been considering switching some to SUI, RENDER, RUNE or TAO for example but that might just be tinkering. I could move into one or two of those and add a bit more to ONDO and BEAM.
I'm not looking for 10 or 100x (but wouldn't say no! 😉) I think if and when the bull market arrives it will be led by bitcoin then the focus will shift to the alts for the final phase. This has been the pattern before. As long as I'm in the right narrative (I like RWA and Gaming as well) and I'm in solid projects solid projects I think I could possibly see 4 or 5x from these levels. Maybe not all but then one or two out performers could drive up my over all return.
Moving outside the top 100 is a crapshoot in my opinion and I certainly wouldn't overweight there. Same with meme coins, I don't touch them. That's not investing. Might as well put it all on red at the casino!
Good luck to everyone 😉