08-31-2021, 11:24 PM
I bought $100 worth of IOTA in 2018. Today it is worth $106.57. Ask Me Anything.
<!-- SC_OFF --><div class="md"><p>The title is half joking, half truth. </p> <p>Looking down the top 100, it may seem like you can just buy anything to 10x your investment, but this is a bull year, and that's survivorship bias in the coin rankings. (You're not seeing the 50 that fell out of the top 100.) </p> <p>Usually when you're feeling fomo around a growing project, you're already too late for x10 gains. If you're following hype pumps, you need to recognize when you're early and when you're late. That's not easy.</p> <p>The better strategy is to dollar-cost-average into sturdy, longterm projects. Even a coin that "only" does x2 every year or two can be one of the best investments of your entire life—if it lasts.</p> <p>Speaking of which, if I had DCA'd into IOTA all bear market instead of just buying during the pump, I'd be up almost x4 by now...</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/ShiftyDM"> /u/ShiftyDM </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/pf2qap/i_bought_100_worth_of_iota_in_2018_today_it_is/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/pf2qap/i_bought_100_worth_of_iota_in_2018_today_it_is/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>The title is half joking, half truth. </p> <p>Looking down the top 100, it may seem like you can just buy anything to 10x your investment, but this is a bull year, and that's survivorship bias in the coin rankings. (You're not seeing the 50 that fell out of the top 100.) </p> <p>Usually when you're feeling fomo around a growing project, you're already too late for x10 gains. If you're following hype pumps, you need to recognize when you're early and when you're late. That's not easy.</p> <p>The better strategy is to dollar-cost-average into sturdy, longterm projects. Even a coin that "only" does x2 every year or two can be one of the best investments of your entire life—if it lasts.</p> <p>Speaking of which, if I had DCA'd into IOTA all bear market instead of just buying during the pump, I'd be up almost x4 by now...</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/ShiftyDM"> /u/ShiftyDM </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/pf2qap/i_bought_100_worth_of_iota_in_2018_today_it_is/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/pf2qap/i_bought_100_worth_of_iota_in_2018_today_it_is/">[comments]</a></span>Kind Regards R