Post
Topic
Board Speculation
Re: Crypto Veterans and Legendaries: Need Advice on my Bitcoin Strategy
by
romeareo
on 02/10/2024, 16:42:58 UTC
Update:

today is October 2nd, 2024.

Bitcoin Price is $62,101
Ethereum Price is $2,464.91

Most of my holdings are in Ethereum and some in a couple of random unknown altcoins which stayed low and did not pump, but I expect them to pump in a bull run.

Now, I fully expect Ethereum to reach at-least $10k by 2025 November/December which is a solid 4x from now which actually should be enough for me to exit the game permanently.

Or, I can convert 100% of Ethereum to Alts right now and there is greater chance of me getting the 4x by next year Feb/March.. or even 10x - 20x by next November/December.
But, of-course there is risk. Ethereum is as stable as it can be in terms of security no rug pulls no exploits etc. With alts all bets are off. You can never 100% be sure if you are going to be safe.

Another play is to wait for Ethereum to rise up to $4000 in a couple of months.. by Dec 2024 or Jan 2025 and normally all the alts should still stay at the same levels.. and then switch from Ethereum to Alts.

Yesterday, there was war and it impacted all the prices.

For alts, I am looking for
1. Good Tokenomics (first pref) or Token Unlocking which makes sense. (second pref)
2. New Narrative for this cycle.
3. The admins/leaders etc has a good understanding of marketing and how it works. i.e If price discussion is not allowed in their telegram channels then they don't understand marketing and the coin is not likely to go up as much as it could. If the admins delete replies or keep a timer etc. I would avoid that coin.

So a few of the new narratives are:
1. AI Narrative.
2. Telegram Games.
3. Solana Memecoins ( I don't really like meme coins)

For me safety is more important than taking too much risk. So, I won't invest in any coin which has less than 50m ~ 100m marketcap. Even coins above this range are not risk free.

I have to do more research on AI Narrative.
Telegram Games --> Hamster Kombat is fine.. it is right now at $300m that too because of the war. I doubt it would go below $300m. In a proper bull it could easily go to $10B MarketCap easy. Thats a solid 33x from now. I have to also look into the coin that is similar to Hamster Kombat but isn't as big so the jump in gains will be higher.

Go to go.. will continue this post later today..
There is also a chance I would lose everything investing in things that get rug pulled so I will have to diversify into multiple coins and multiple narratives. But I will not go beyond 10 coins.
Lets see how things play out. My innate tendency is to focus on just one or two.. but I have to not do that.. as that could torpedo everything.