/biz/ - Business & Finance

Cheers for the comfy 2018-tier thread fellow marines

I’m also pensive about a correction, I’ve not bought any crypto for months, much less tempted this time around to FOMO into pumps since in sitting on just barely over 7 figures now.

GRT, QNT, UBT, OCEAN are all things I also hold small bags of, but I have a nagging feeling that many of these alts could just as easily crash to dust when everything settles. Likewise I’m not willing to sell any of my LINK or ETH as they still seems to be the guaranteed industry standards. That being said, the abysmal state of gas fees, lack of industry implementation of smart contracts and so on definitely makes me think this cycle will essentially boil down to another hype cycle, a higher floor to be sure, but still too early for any sort of healthy mooning. I’m in a position where I am working pretty hard at my job guaranteed for another 3.5 years before I’ll have any sort of career freedom (aka finishing physician residency and fellowship) so I can easily wait at least that long. But I wonder if only 3.5 years is enough to start seeing true adoption.

In the meantime I’m dabbling with Celcius (as opposed to AAVE purely because celcius tracks things for taxes for me) and ETH staking so I can at least continue to grow the stacks without committing my additional capital. I don’t know what to do with my pumped bags of other alts in the meantime. Watching them grow is nice but I don’t want a repeat of early 2018 where I forget to ever cash out. ~85% of the seven figures is purely LINK with another 10% being ETH and the last 5% being alts and BTC.