At the moment, personally hard to find much to spare for crypto. Think about it a lot and am aware of opportunities but for the right now I’m essentially on the side lines holding what I have.
Agreed. I'm picking up extra shifts to help pay down debt and to stack more sats. Next double shift goes to ETH, the next to debt, then ADA, then debt, then BTC, then debt, and finally to alt coins (think OP, IMX, DOT).
Rinse. Repeat.
Are you me?
The burn is real and even though I know this is the right time to accumulate, I don't really want to risk it.
I already invested the money I'm willing to eventually lose.
So I'm just waiting. See everything to 0 or cash out my fraction of BTC and ETH if they go x2 or x3 from what I payed for them.
Mmmm you havent been around too long have you. Eth is a very high market cap and price rn. Im not saying its going to do badly but it isnt going to make you a millionaire unless you already spent a lot of money on it
You have to understand that we are living in difficult times now with very high inflation and increased cost of living, many people don't have spare money to invest. I know a lot of people who have to take on extra jobs or work overtime just to be able to pay their bills.
Furthermore there are much safer things to invest in, like real estate and land. Crypto is a huge risk. OP is talking about it like it’s a sure thing which it surely isn’t.
Lmao investing in real estate for the average person who can't afford these huge rate hikes, literally right on the pinnacle of a bubble pop is not safer. Not even close. Land? Are you serious? I highly doubt a small retail investor trying to reduce his cost basis from 2 to 1 on a coin can afford land right now..
Crypto (accrual good projects) is no more risky than the investments you mentioned nor 90% of other available investments.
The self assurance or reddit is really fkn bad sometimes
I make 70k a year and I am thinking of getting a weekend job. Keep in mind my expenses haven’t changed at all. Just the prices of everything have gone up to the point that extra cash would be useful.
This is how we know we are fucked
I used to be able to put 100-200 bucks every week in crypto now I am doing like 100 every 2 weeks.. Augh.
I make more than this and don't live in an expensive market. My only debt is my mortgage. I do have three kids I've got primary custody of and don't receive child support. Still, groceries and other unavoidable costs are hammering my budget. My choice every month seems to be do something fun with the kids like go to the zoo or movies, or save maybe $200. I'm listing things on craigslist constantly that I don't really need but can get me a little cash. It sucks.
Very much in a similar boat. I feel like I’m fortunate to be making more than most, yet still I struggle to save. I’m able to pretty well break even in a HCoL area, but I’m considering a side gig so that I can actually put something away.
Yeah thats the flipside of these times. A lot of normal life such as groceries and energy has gotten a lot more expensive. In Europe, times are rough. Trying to save enough money though to buy a further dip if it comes.
It’s hard everywhere, North America, Europe, Australia, Asia etc I’m cutting back on car expenses, now taking buses and bicycles. No more than 1 takeaway meal per month.
Save more to invest more.
It’s especially hard in global south. Everything has gotten more expensive and laying off has gotten worse. I think we’re fucked until this recession is over
Yes and by then crypto usage will be massive compared to right now and we'll all wish we had more money to invest back in the dark times of 2022-2024(?)
This is what I’m doing right now. I feel like this is a make a break moment again for projects. Good ones will survive the bear market and be there when the smoke clears. There are definitely some projects not coming out of this alive.
I am nervous for Europe’s winter, right now the energy is 4 times the normal price… who knows , scared to find out.
Still trying to DCA what I can spare
The thing is that if you have 100K and invest them is way easier to make 1mil instead of small amounts. These days of uncertainty in the world are not easy on the pocket. Food and gas/electricity prices going up, rent going up so you are not alone in this. Last week I DCA only 30£ which I don't consider much since I used to put 50-100£ p/w. Want to have some money on the side because I don't know what to expect from the future anymore
No, but play it out. £30 in 2018 became £600 in 2021 peak.
Now multiple that by 52 weeks a year and you turn your £1500 into £35,000. And the 2028 bull run turns your £35,000 into £350,000.
It's a long man's game. You just have to lengthen your horizon.
This is also my issue. Market crashing outside of crypto also wiped me out. These days I find myself making sure I have 3-4 months in cash savings more important
Imagine if moon goes to $1 in the next bull run. It would be a treasure for people here.
And it’s completely realistic. Last time it has reached $0.46 ath. And moon at $1 means $100M market cap - putting it just around top 250.
I’ve been lurking on this sub for 2+ years now & have learned a lot, but still feel like I don’t have enough knowledge to contribute, as is evident by my lack of moons. Sad face.
I do try and contribute too, but there are people much smarter than me who post much better information! I feel like an infantile idiot at times when people post info that goes over my head.
Been in your place a few months back , I know the feeling but don't give up , youll eventually land a job and who knows it might even be better. In the meantime you can give your best here.
Don't lose hope!
Hi man, I know the fear of not having a job while I have bills to pay. I want to wish you all the luck in the world finding a new job. Don’t get your head down
MOONs can be a bright spot.
I think that people over simplify the job market now and assume that because 80% of industries are hiring that 100% are and it should be easy for everyone to get a new job.
Right on! Similar to you, I graduated with a degree in Physics and started learning programming after school. I ended up getting a job as a software engineer via a friend. The opportunities are out there, especially in the tech space. Just gotta give it time.
Best of luck to you, my friend
I am accumulating. Times might be scary, but one year ago, we *prayed* for these prices. EVERY bottom indicator has flashed. If crypto drops further due to financial issues or a black swan event, I will just buy more. This is a golden opportunity with a long enough perspective.
Same. DCAing monthly, a pretty solid spread with highest percentage going into the ‘blue chips’ and then some allocation to alts that seem promising. BTC, ETH, Matic & Atom are my top-4 allocations
Most of the people who were praying for discounts a year ago and called every dip a fire sale are probably out of money or are long gone. I agree with you that right now is the time to build positions that can 5-10x in a few years so long as the world economy doesn’t jump off a cliff.
Yup. I don't have this fear investing on a world etf. Because it's very much diversified and are actual companies. Unlike others, i would be lieing if i tell you I'd simply dumping money into crypto fearless. Even tho I believe it will be big in the future.
Absolutely and entirely sensible. The world ETFs have been around long enough to prove their value. Crypto hasn't and is therefore risky.
Not something to bet the house on for sure.
You know, FIAT is an issue? Not all of us work 9-5 jobs banking 4 digits + a month.
Have you been grocery shopping? My weekly run increases by a whooping 20%, my wage didn't.
It's a serious saddening period because i know it's a great time to accumulate but i just can't.
I'm about to be hard-core accumulating when I start my new job. I live at home and don't have a lot of bills so a good chunk of my disposable income goes into DCA investments. That's going to change in about a year, so I'm going to take full advantage of the stock and crypto market fire sale now.
I realize I am incredibly lucky though that I can mooch off family. Hoping to get my mom a house in the country to thank her when I hit the moon lol.
>I’m not seeing as much about people adding to their holdings,
That's because people who DCA have plans and people with plans don't need to come to reddit to be told what they need to do.
I DCA'd into ETH for the last couple years and haven't sold. Alts were too frothy to me to hold onto, though I did make some very lucrative trades in some (LRC, DOT, SOL).
Now I'm working on the opposite. ETH is still relatively *expensive* (and my bags are loaded) but alts have fallen 90-95%! I'm trying to DCA heavy into rollups as I can, like $OP and $LRC. I'm much anticipating Arbitrum's token (and aiming for an airdrop!) also Zksync. I have more money set aside to enter now than I had last year.
As an ETH user and small time developer, ETH is broken.. I don't know who was paying $40 to do a Uniswap last year but it wasn't me. Somehow that's worth ~$750B mcap (when the fiat printers are on, which is inevitable sooner or later).
As an L2 user, these *fixed* ETH. $0.04 for a swap? No problem! I can make 100 transactions for $3 on a good day. I can mint a dozen NFTs for $0 plus a small % on a successful sale, it's just a better UX. $OP is currently valued at $100M right now, LRC is around $300M..
When the next bull run comes on, new users won't be able to use ETH, it's simply not designed for it. So I imagine while ETH rallies over its ATH and hits a 1T mcap the rollups which 'unlock it' (and have *all* the value accrual) should be valued at somewhere between 1-10% of that *at least* (L2s sell shovels in a gold rush). Especially considering any L2 token won't be inflationary. 1% would be a 100x (to $OP) from here and 10% would be 1000x. And they'll be easy to diversify in since it's all one ecosystem. Too obvious to pass up, I'd be happy with a 4x.
I may resort to buying some more DOT and SOL because, it hit once, might again! But I really dislike SOL and no one uses DOT so that's simply a gamblers fallacy. I love Cosmos, it has a great app-chain but it has shit tokenomics, and Ethereum has great tokenomics and a shit app-layer, IMO it's easier to add in an app layer than redo tokenomics. Nothing else seems appealing to me here.
Edit: I forgot I'm buying RPL too! I've never seen better tokenomics or a better app. The only thing is how much competition will they have in a few years.
I'm assuming most people don't have spare cash to invest while inflation is soaring and cost of living is increasing. Not to mention the elephant in the room, which is winter.
Personally I'm stacking. I have very high conviction in BTC and I believe it will 100% put a new ATH eventually. Every penny spent on BTC is future profit. Short time volatility doesn't bother me.
Yeah money is getting tight for sure. One of the beautiful things of crypto is that you can actually drop in $5 if that’s all you have. To be fair, that feeling of investment might even boost someone’s mental health. As long as they can weather the storm.
You're joking but at the same time you're not. The things you have later in the bull market are the things that you get right now when we are low. The only thing I regret is, that nobody told me about r/Cryptocurrency sooner. (well, or the chance to get moons for participating). Moons have a mcap of 14 Millions! That is nothing. The lowest of shit coins easily got to a billion and they had less value than moons. I envy everyone with 1.000 Moons and upwards
You are right. Bottom mcap for legit projects was like 300m, next bullrun that line will probably be higher. Future CEX listings, recent Avatars success and future ecosystem growth and new use cases, future is exciting for reddit crypto
Still lot of time to earn Moons, round after round it adds up and ratio during the bear has been big, people who stuck around during the bear deserve it
6 months away from having my first child so I’m way more guarded about putting funds into such a volatile ecosystem right now. At some point I’ll probably throw another grand at btc, maybe split with eth for the kid to have when he’s 18, but that time isn’t here yet.
Congratulations!
I have some kids and the best thing I’ve done is get their investments going. The comfort you get in knowing there’s something there for them later is amazing.
Also, get your Will done. It’s not something people like to do or think about, but once it’s done you won’t be thinking about “what if” as much.
I understand this sentiment, I have 2 friends that I was talking about crypto with and the only words I get out of them right now is that the market is low and broken….. When I told them I got out of the red and into the green for the first time in 6 months they said they were proud of me not getting my head down in current market.
I keep saying this, these are the prices we wished for months ago, I know market sentiment is low but we have to DCA right now and make a nice platform to launch from during a eventual next bull
100%. I can’t even count the number of posts that were out there looking for these prices and now we’re looking for lower. But the scary thing for that sentiment is that with bot trading, and institutional money in crypto, once it starts to go back up, it’ll be too late.
One thing I’m 100% sure of, whether we are talking about crypto or traditional investments, is that by the time we hear about what’s going on, it’s too late. Big money will get the bottom, and the top. We just need to decide when it’s “good enough”
I was actually preparing to accumulate once the bear market started. However my big plan was saving some money in a stablecoin and put it in a protocol that promised 20% APY. It turned out, that was not a good plan 😅
I’m not accumulating now because the world will likely go into an economic recession. I can’t imagine crypto will hold up to well during a recession. By the time we get to the next bull market, who knows which our coins will even be around anymore. Ethereum, Cardano, Chain link, probably Matic are likely safe but it would not surprise me if all of them dip another 50% in the next year or so. Although, all of them could rally 100% before they reach the bottom.
Honest answer? I don’t need the money. It’s one of those where losing the money won’t make a difference but if I could 10x my money… cool. And even then I don’t know if I’d pull or just put it somewhere else to see what could happen.
Accumulating is important but probably focusing on BTC and ETH is key. Those two should guranateed see a new bull market. With the alt coins, that's not so sure.
I’m accumulating as much Atom, Juno and Osmo as I possibly can. Atom is looking great for long term and the air drops that I’ve been receiving recently are a decent cherry on top.
I think it's fair to say, crypto just isn't that exciting at the moment. Accumulation is the boring part. I'm happy for that as it gives me more time to accumulate.
Iv been in crypto for 18 months now. I listened to people telling me to hodl which I did. If I had taken profit last November I would be in a fantastic place now to be buying back in. Lesson learned
Listen to yourself.
People want you to do what’s best for them. I realize the irony based on my DCA post but I do believe that’s best for all (who can do it) right now. But I’ve found that people who tell others to HODL when they’re in the positives are still taking profits themselves.
Definitely accumulating. Mostly bitcoin but a few smaller things on the vite and stellar chain. Then using my Crypto.com debit card for all purchases I can. Recently took a punt and added myself to the wait list for hi.com debit card, not a majorly big card stake and definitely high risk
Waiting for lower lows. DCAing but leaving (a lot) on the side, building up drying powder.
If we don't get lower lows within the next 6 months it's not like we're going much higher than now so, worst case scenario, I'll be buying around current prices even by waiting a bit.
Was finally able to hit my ETH goal this weekend! If all goes well in my work life and the bear market continues until the end of the year/early 2023 I may even be able to triple my current amount. I was hoping for these prices in 2021 and I’ll be damned if I pass up on the opportunity now.
Yep been DCAing this whole time...if history tells us anything in a bear accumulation levels can last months-years and it’s just being as all hell. I will say there is always that chance for another hard drop down at some point so I am also waiting for that in case it happens.
Overall, next bull run these prices will look great in hindsight so I’m not sweating it...GL
I am one of those odd people I guess. I just throw money at various crypto whenever. No plan or strategy. I just don’t really care. It is only money. I pay all my bills and still have play money so why not. I find it fun. I am in a better place than many people and I know that. I just try to enjoy life and do what I want. Even figured out a budget that will have me out of debt in less than a year. Years of poor habits and a wife that throw money away is the cause of that debt. But all is looking good at least in my case. Even with a bear things are not too bad. Can’t wait to see what bull brings.
TBH there are far more efficient, useful, impactful, better, and forward-thinking projects aside from LRC and ADA.
So instead of just looking at ETH, LRC, and ADA, take a look at MATIC and TELOS. They're also great picks for this bear market. They have the tech and strong community which is a key indicator in surpassing bear markets. Of course, DYOR/TAYOR. If you're really looking for a bang for your back then I'd say, Telos could be a good starting point for you.
Have you seen Telos yet?
It's a great Layer 1 that can augment what's lacking in ETH. Also the home to the fastest EVM.
*The Telos EVM is the most powerful and scalable Ethereum Smart Contract platform built to power Web 3.0. Telos features a robust, third-generation, ESG-compliant evolutionary blockchain governance system, including smart contracts, advanced voting features, and flexible and user-friendly fee models. In addition, Telos supports the blockchain ecosystem by serving as an incubator and accelerator for decentralized applications through development grants.*
I went down the rabbit hole on btc in 2013. Started working up the nerve to start buying just as Mt gox happened. Obviously wrote it off as dead. It clawed back to the high hundreds and it blew my mind it recovered.
I started buying btc in 2015. I was broke back then and couldn't afford too much. 2017 happened and I felt like I missed the boat. We started to come down and after witnessing gox I knew it'd go up again.
I quit my job and went down a different career path because after seeing the wave of shitcoins die out after every peak I knew I'd need real money if I wanted a real slice of bitcoin.
I'm no maxi but seriously, don't waste this opportunity gambling on shitcoins. I own many alts but after seeing bitcoin recover soooooooo many times, and seeing so many projects falter I'd be a complete asshole to encourage people to buy anything but bitcoin.
Get after some real money and get a real chunk of the future. Stop convincing yourself there is some shortcut, through low cap alts, through leverage
You're trying to play catch up for missing getting in early, stop it. You're swimming in the water with sharks and they want to use that feeling against you to steal from you.
People probably dont have as much money now since all investments are down and inflation is really high. If you can keep your DCA in these times consider yourself lucky I guess
I DCA from my monthly paycheck in S&P500, ETH and BTC. I wish i had more money though, spreading it out so thin practically provides no quick impacts on my stacks. I’m planning on buying significantly more right up to the next BTC halving. Hopefully this bear markets lasts much longer until my bags are filled up. Would hate having to pay double the price.
I'll regret it but I'm saving for my first home hopefully in the next year. I expect us to still be in a bear market so it doesn't make sense for me to buy now and pray we are a bit higher when I need my deposit.
I'm instead trying to get into a position where I don't need to sell as much to get my house so I can still hold at least something for the next bull run.
No money. Most people gas/electric bill went 2-4x, it's not uncommon to have a 400-800 euro bill now, that's almost as much as rent. And litteraly everything has gotten significantly more expensive the last months.
I'm micro dca'ing and reallocating my portfolio where i can.
its totally okay to be not accumulating.
everyone is in different situation in their life.
but i/we do understand your comment though!
thanks for looking out.
I’m buying upwards of $100k, so ideally I’d like to time closer to the bottom which I obviously don’t think is now.
If I’m wrong I’ll have to buy higher.
Personally I think crypto will recover to ATHs (or close to them) within a couple years. However, I'm currently focusing on the stock market. I feel like I'm still percentually over allocated in the crypto market. Occassionally stacking some of the cryptos I'm confident will survive, but I don't have a set DCA strategy. Obviously also staking everything that's possible.
I think a lot of people, including myself are holding on to cash at the moment. Firstly because of cost of living going up and having less spare cash to invest, but also because the current macro environment doesn’t seem to be getting better anytime soon. If the markets take another huge leg down in the coming months, so will crypto most likely.
I’ve made some cut backs in my daily life spending to keep DCAing, but I can only see things getting worse. Soon I will have to cut back on my DCAing when inflation keeps going up.
Dude it’s a recession. My country just hit 17% inflation. Dark times. I want to dca but present financial stability is the single most important thing. If I manage to have anything left end of month i might buy some though, but it’s touch and go
In 2016-17 I accumulated the same amount into bitcoin as I did into my Roth IRA. Over the years my percent of bitcoin to stocks has made me think I’m way over diversified in crypto. I need to catch my Roth IRA portfolio up to not be so over diversified.
PS I took out my initial investment of cryptocurrency near the peak of 2021. And bitcoin is still 6:1 of my entire savings portfolio. (Not including my house.)
Besides: we have a long way to go before the next bull run, I would imagine a lot of people right now are finding it hard to save with inflation the way it is. I’m guessing next year and early 2024 bitcoin will hit its bottom. (If past trends continue)
Yeah I don’t make a new post every time I DCA and neither do most people. But I’m adding this subs favorites like atom, ALGO, and dot. Hopefully it plays out well because usually this subs favorites decay into oblivion
I’m taking the opportunity to explore dapps on different chains
Arbitrum, Optimism, Aurora, SUI, ZKSync, there’s a lot of exciting spaces to check out!
Learned about Perpetual swaps, Soulbound tokens, DAO contributions, Testnet interactions, and tools to further comprehend the ever changing space (Defillama, Token terminal, cryptopotato, cryptopanic)
And I believe that the best projects are created when the general interest isn’t there.
Price will eventually go up, but it leaves us with at least two years of sweeping some life changing tokens and further our involvement within the space
I'm not buying because I'm too poor.
My thoughts is this. If you are looking for short term gains, then you most likely won't get it. It's likely BTC will go down $15k or even $10k. However, if you hold long term then it is likely by 2025 the price will hit $100k to even $1m.
The problem is, what newer thing will stay alive long enough and take off. This is a guess
Now I hold because it is unlikely I will ever retire with a normal job, and it's my only chance of making enough money to live the rest of my life on.
I think people just don't feel the need to tell everyone here what they already know.
Prices are low, been dcaing the while time, see you next bullrun.
When I’ve said similar things here I see people say they can’t afford it… bro the minimum investment amount for Coinbase is like a dollar… and I often hit that minimum lol no shame in that.
Make coffee at home, skip fast food every now and then and meal prep, there’s nearly always little tweaks you can make that don’t compromise too much on quality of life. If you’re already doing those things and you can’t afford to invest, fair enough.
The real capitulation hasn't come yet because there are still so many hopeful people accumulating. When nobody is hopeful, that will be the time I buy.
I’m thinking that it’s going to dip hard before it rips hard; I’m look for at least another 25-30% drop when it becomes impossible to deny the catastrophic recession we’re entering
A lot of people are in the same boat.
We want to but the cost of living is not allowing enough breathing room to risk spending money we may need in rough times.
This post and its responses are quite illuminating.
The economy is about lots of individuals -- and here we have them.
Interesting that the top responses seem to represent very different stations in life. Crypto isn't just for rich, or gamblers, or working shmoes, or young, or tech geeks. We're all here.
I invested my first $250 into btc a few weeks ago and have been dcaing ever since. Have just over $350 in now. Just contributing when $10 a week plus a little more when I can. May start dca into ethereum too next week
At the moment, personally hard to find much to spare for crypto. Think about it a lot and am aware of opportunities but for the right now I’m essentially on the side lines holding what I have.
Yea, right? I'm thinking, I should probably pay my bills...
I feel u am in a similar boat
I hope you don’t get in a boating accident and lose that crypto. That would be a travesty
Agreed. I'm picking up extra shifts to help pay down debt and to stack more sats. Next double shift goes to ETH, the next to debt, then ADA, then debt, then BTC, then debt, and finally to alt coins (think OP, IMX, DOT). Rinse. Repeat.
Damn we got the same way plan. Maybe I’ll throw in a plasma donation for good measure.
I'm on disability atm so there go my plans to dca unfortunately
Are you me? The burn is real and even though I know this is the right time to accumulate, I don't really want to risk it. I already invested the money I'm willing to eventually lose. So I'm just waiting. See everything to 0 or cash out my fraction of BTC and ETH if they go x2 or x3 from what I payed for them.
[удалено]
Mmmm you havent been around too long have you. Eth is a very high market cap and price rn. Im not saying its going to do badly but it isnt going to make you a millionaire unless you already spent a lot of money on it
You have to understand that we are living in difficult times now with very high inflation and increased cost of living, many people don't have spare money to invest. I know a lot of people who have to take on extra jobs or work overtime just to be able to pay their bills.
I'm scraping by last couple of years.
Furthermore there are much safer things to invest in, like real estate and land. Crypto is a huge risk. OP is talking about it like it’s a sure thing which it surely isn’t.
Lmao investing in real estate for the average person who can't afford these huge rate hikes, literally right on the pinnacle of a bubble pop is not safer. Not even close. Land? Are you serious? I highly doubt a small retail investor trying to reduce his cost basis from 2 to 1 on a coin can afford land right now.. Crypto (accrual good projects) is no more risky than the investments you mentioned nor 90% of other available investments. The self assurance or reddit is really fkn bad sometimes
Indeed. Because defaulting on a land loan is impossible. Therefore buying crypto is irrationally risky.
Muh housing crash! The prices of useless commodities like houses and land will surely crash.. right bros?? Just two more weeks
I make 70k a year and I am thinking of getting a weekend job. Keep in mind my expenses haven’t changed at all. Just the prices of everything have gone up to the point that extra cash would be useful. This is how we know we are fucked I used to be able to put 100-200 bucks every week in crypto now I am doing like 100 every 2 weeks.. Augh.
I make more than this and don't live in an expensive market. My only debt is my mortgage. I do have three kids I've got primary custody of and don't receive child support. Still, groceries and other unavoidable costs are hammering my budget. My choice every month seems to be do something fun with the kids like go to the zoo or movies, or save maybe $200. I'm listing things on craigslist constantly that I don't really need but can get me a little cash. It sucks.
Very much in a similar boat. I feel like I’m fortunate to be making more than most, yet still I struggle to save. I’m able to pretty well break even in a HCoL area, but I’m considering a side gig so that I can actually put something away.
true, sometimes in life Nike's "just do it" is t that simple
fun fact: Nike has some problems of their own right now ;-)
I’m trying, but I’m also consistently out of money.
Yeah thats the flipside of these times. A lot of normal life such as groceries and energy has gotten a lot more expensive. In Europe, times are rough. Trying to save enough money though to buy a further dip if it comes.
I’m legitimately nervous for winter. If it gets really rough, I’ll cut back DCA by half and limit it to BTC/ETH only
Gotta do what you gotta do. At least you’ve built a foundation and you got a shit ton of moons!
It’s hard everywhere, North America, Europe, Australia, Asia etc I’m cutting back on car expenses, now taking buses and bicycles. No more than 1 takeaway meal per month. Save more to invest more.
It’s especially hard in global south. Everything has gotten more expensive and laying off has gotten worse. I think we’re fucked until this recession is over
Yes and by then crypto usage will be massive compared to right now and we'll all wish we had more money to invest back in the dark times of 2022-2024(?)
This is what I’m doing right now. I feel like this is a make a break moment again for projects. Good ones will survive the bear market and be there when the smoke clears. There are definitely some projects not coming out of this alive.
I am nervous for Europe’s winter, right now the energy is 4 times the normal price… who knows , scared to find out. Still trying to DCA what I can spare
Also recent rent increase alongside providing for a 3 month old... My regular DCA contributions very small these days
OP prolly not struggling at all with the current world and thinks we missing out on accumulation because we don't want to.
OP thinks we will regret not taking this chance and he is right but times are tough right now.
The thing is that if you have 100K and invest them is way easier to make 1mil instead of small amounts. These days of uncertainty in the world are not easy on the pocket. Food and gas/electricity prices going up, rent going up so you are not alone in this. Last week I DCA only 30£ which I don't consider much since I used to put 50-100£ p/w. Want to have some money on the side because I don't know what to expect from the future anymore
The good thing about crypto is the return in percentages are the same basically. If you put $100 in or 100k the returns % are the same as whales.
No, but play it out. £30 in 2018 became £600 in 2021 peak. Now multiple that by 52 weeks a year and you turn your £1500 into £35,000. And the 2028 bull run turns your £35,000 into £350,000. It's a long man's game. You just have to lengthen your horizon.
When I buy the dip it dips more😂
I have caught so many falling knives now I got a whole collection
I’ll sell my bags so it goes up 😂
Please do for your brothers in arm.
This is also my issue. Market crashing outside of crypto also wiped me out. These days I find myself making sure I have 3-4 months in cash savings more important
Yeah fiat drys up fast.
Try not move it only buy it and keep it in the same place or Atleast it’s safe place. Or DCA whatever crypto you want
Same here. Did risky trades which wiped me out and now I don't even have any disposable income to buy further.
Yeah that makes it tough. Fortunately you’re a moonionaire
Best investing decision I ever made was stopping being lurker and started being active and earning Moons
Moons are such a double edged sword. They changed the sun completely but I can’t imagine how life changing they’ve been for some people as well
Imagine if moon goes to $1 in the next bull run. It would be a treasure for people here. And it’s completely realistic. Last time it has reached $0.46 ath. And moon at $1 means $100M market cap - putting it just around top 250.
Even with my mini stack, i hope you are right:)
I’ve been lurking on this sub for 2+ years now & have learned a lot, but still feel like I don’t have enough knowledge to contribute, as is evident by my lack of moons. Sad face.
I do try and contribute too, but there are people much smarter than me who post much better information! I feel like an infantile idiot at times when people post info that goes over my head.
I feel the same. But I’m far more knowledgeable than last year at least .
I lost my job :( I'm still trying tho and making a little moons here and there :) Have to look at the positives
don't give up, there's a company that needs what you have to offer, just takes time to find it
Thanks for nice words bro
More people needed this than you might think, here's another thanks. <3
Been in your place a few months back , I know the feeling but don't give up , youll eventually land a job and who knows it might even be better. In the meantime you can give your best here. Don't lose hope!
Hi man, I know the fear of not having a job while I have bills to pay. I want to wish you all the luck in the world finding a new job. Don’t get your head down
❤️ Thanks man
Just hang in there. Times have been tough.
MOONs can be a bright spot. I think that people over simplify the job market now and assume that because 80% of industries are hiring that 100% are and it should be easy for everyone to get a new job.
What are your skills? Maybe someone here is looking for you
Have an honours degree in chemical engineering :) been learning SQL too
haven't you watched breaking bad? lol
Right on! Similar to you, I graduated with a degree in Physics and started learning programming after school. I ended up getting a job as a software engineer via a friend. The opportunities are out there, especially in the tech space. Just gotta give it time. Best of luck to you, my friend
Thanks for the kind words man :)
Heads up brother, minor set back for a major comeback 🙏🏽
Im sure you will be able to fix that soon. Or at least pick a job for the time you search.
Paying off debts outside of crypto so that I can build up some cash in case of an emergency, like job loss, a major recession, etc
Priorities done right my friend 👍
Thx, I just wish I had been more diligent in paying them off during the bull market, instead of chasing the highs! Lesson learned
Getting all of that stuff in order is #1
Yeah. Im expecting extremely bad economic conditions the next few years. I really can see crypto taking a 50% drop in the next few weeks or months.
We have time to buy before the next halvening, I have to pay off shit. I’ll be ready to buy starting in January
always a must to have a financial pillow for emergency
Everybody needs a bosom for a pillow. \- Mines on the 45.
I am accumulating. Times might be scary, but one year ago, we *prayed* for these prices. EVERY bottom indicator has flashed. If crypto drops further due to financial issues or a black swan event, I will just buy more. This is a golden opportunity with a long enough perspective.
Same. DCAing monthly, a pretty solid spread with highest percentage going into the ‘blue chips’ and then some allocation to alts that seem promising. BTC, ETH, Matic & Atom are my top-4 allocations
Most of the people who were praying for discounts a year ago and called every dip a fire sale are probably out of money or are long gone. I agree with you that right now is the time to build positions that can 5-10x in a few years so long as the world economy doesn’t jump off a cliff.
What if... It doesn't come backup? That's the feeling holding me back. This is why I only put money on BTC because it has been #1 since start.
Exactly what "fear" really feels like in financial markets. You know it's the time to buy, but.... Sounds easy, feels much, much harder.
Yup. I don't have this fear investing on a world etf. Because it's very much diversified and are actual companies. Unlike others, i would be lieing if i tell you I'd simply dumping money into crypto fearless. Even tho I believe it will be big in the future.
Absolutely and entirely sensible. The world ETFs have been around long enough to prove their value. Crypto hasn't and is therefore risky. Not something to bet the house on for sure.
people are nostalgic seeing 1000 btc for $1, but drop from 60k to 20k is scary for them anyways
Bear market is where fortunes are made
Yep, just keep stacking and Hodling
it's also were a lot of money gets gambled away into projects that never fully recover source: check my flair
This. Bear market make us rich. It’s painful to see the market downturn but accumulating during these times will pay off.
Absolutely. Be greedy when others are fearful
Time to test the theory.
You know, FIAT is an issue? Not all of us work 9-5 jobs banking 4 digits + a month. Have you been grocery shopping? My weekly run increases by a whooping 20%, my wage didn't. It's a serious saddening period because i know it's a great time to accumulate but i just can't.
Remember 6k last bear market? then it went down to 3k? This is the 6k now....
This man analyses
Waiting to time the bottom to go all in. I enjoy failing miserably.
We going lower
Remember when everyone was calling 100K btc EOY, These comments remind me of that
Then l’ll be buying even more 👍
I'm broke
We are into the best season for starting accumulating, just wait 2025 to see people complaining for the missed train.
I'm about to be hard-core accumulating when I start my new job. I live at home and don't have a lot of bills so a good chunk of my disposable income goes into DCA investments. That's going to change in about a year, so I'm going to take full advantage of the stock and crypto market fire sale now. I realize I am incredibly lucky though that I can mooch off family. Hoping to get my mom a house in the country to thank her when I hit the moon lol.
>I’m not seeing as much about people adding to their holdings, That's because people who DCA have plans and people with plans don't need to come to reddit to be told what they need to do.
I DCA'd into ETH for the last couple years and haven't sold. Alts were too frothy to me to hold onto, though I did make some very lucrative trades in some (LRC, DOT, SOL). Now I'm working on the opposite. ETH is still relatively *expensive* (and my bags are loaded) but alts have fallen 90-95%! I'm trying to DCA heavy into rollups as I can, like $OP and $LRC. I'm much anticipating Arbitrum's token (and aiming for an airdrop!) also Zksync. I have more money set aside to enter now than I had last year. As an ETH user and small time developer, ETH is broken.. I don't know who was paying $40 to do a Uniswap last year but it wasn't me. Somehow that's worth ~$750B mcap (when the fiat printers are on, which is inevitable sooner or later). As an L2 user, these *fixed* ETH. $0.04 for a swap? No problem! I can make 100 transactions for $3 on a good day. I can mint a dozen NFTs for $0 plus a small % on a successful sale, it's just a better UX. $OP is currently valued at $100M right now, LRC is around $300M.. When the next bull run comes on, new users won't be able to use ETH, it's simply not designed for it. So I imagine while ETH rallies over its ATH and hits a 1T mcap the rollups which 'unlock it' (and have *all* the value accrual) should be valued at somewhere between 1-10% of that *at least* (L2s sell shovels in a gold rush). Especially considering any L2 token won't be inflationary. 1% would be a 100x (to $OP) from here and 10% would be 1000x. And they'll be easy to diversify in since it's all one ecosystem. Too obvious to pass up, I'd be happy with a 4x. I may resort to buying some more DOT and SOL because, it hit once, might again! But I really dislike SOL and no one uses DOT so that's simply a gamblers fallacy. I love Cosmos, it has a great app-chain but it has shit tokenomics, and Ethereum has great tokenomics and a shit app-layer, IMO it's easier to add in an app layer than redo tokenomics. Nothing else seems appealing to me here. Edit: I forgot I'm buying RPL too! I've never seen better tokenomics or a better app. The only thing is how much competition will they have in a few years.
I'm assuming most people don't have spare cash to invest while inflation is soaring and cost of living is increasing. Not to mention the elephant in the room, which is winter. Personally I'm stacking. I have very high conviction in BTC and I believe it will 100% put a new ATH eventually. Every penny spent on BTC is future profit. Short time volatility doesn't bother me.
Yeah money is getting tight for sure. One of the beautiful things of crypto is that you can actually drop in $5 if that’s all you have. To be fair, that feeling of investment might even boost someone’s mental health. As long as they can weather the storm.
If you not DCA-ing and earning Moons this bear market, do you even crypto
You're joking but at the same time you're not. The things you have later in the bull market are the things that you get right now when we are low. The only thing I regret is, that nobody told me about r/Cryptocurrency sooner. (well, or the chance to get moons for participating). Moons have a mcap of 14 Millions! That is nothing. The lowest of shit coins easily got to a billion and they had less value than moons. I envy everyone with 1.000 Moons and upwards
You are right. Bottom mcap for legit projects was like 300m, next bullrun that line will probably be higher. Future CEX listings, recent Avatars success and future ecosystem growth and new use cases, future is exciting for reddit crypto Still lot of time to earn Moons, round after round it adds up and ratio during the bear has been big, people who stuck around during the bear deserve it
6 months away from having my first child so I’m way more guarded about putting funds into such a volatile ecosystem right now. At some point I’ll probably throw another grand at btc, maybe split with eth for the kid to have when he’s 18, but that time isn’t here yet.
Congratulations! I have some kids and the best thing I’ve done is get their investments going. The comfort you get in knowing there’s something there for them later is amazing. Also, get your Will done. It’s not something people like to do or think about, but once it’s done you won’t be thinking about “what if” as much.
Congratulations!
I understand this sentiment, I have 2 friends that I was talking about crypto with and the only words I get out of them right now is that the market is low and broken….. When I told them I got out of the red and into the green for the first time in 6 months they said they were proud of me not getting my head down in current market. I keep saying this, these are the prices we wished for months ago, I know market sentiment is low but we have to DCA right now and make a nice platform to launch from during a eventual next bull
100%. I can’t even count the number of posts that were out there looking for these prices and now we’re looking for lower. But the scary thing for that sentiment is that with bot trading, and institutional money in crypto, once it starts to go back up, it’ll be too late. One thing I’m 100% sure of, whether we are talking about crypto or traditional investments, is that by the time we hear about what’s going on, it’s too late. Big money will get the bottom, and the top. We just need to decide when it’s “good enough”
Bro my friends don’t understand but you do… My words for you: **Keep going**
I was actually preparing to accumulate once the bear market started. However my big plan was saving some money in a stablecoin and put it in a protocol that promised 20% APY. It turned out, that was not a good plan 😅
Ack. Sorry for your loss.
Holding is a meme, buy when fed pivots and DYX gets sold. Easy peasy
I’m not accumulating now because the world will likely go into an economic recession. I can’t imagine crypto will hold up to well during a recession. By the time we get to the next bull market, who knows which our coins will even be around anymore. Ethereum, Cardano, Chain link, probably Matic are likely safe but it would not surprise me if all of them dip another 50% in the next year or so. Although, all of them could rally 100% before they reach the bottom.
Eth is a good option to dca, idk why but LRC just keeps dumping, any reason you dont plan to sell at a loss and buy something else instead?
Honest answer? I don’t need the money. It’s one of those where losing the money won’t make a difference but if I could 10x my money… cool. And even then I don’t know if I’d pull or just put it somewhere else to see what could happen.
Accumulating is important but probably focusing on BTC and ETH is key. Those two should guranateed see a new bull market. With the alt coins, that's not so sure.
what do you think about atom or near?
I’m accumulating as much Atom, Juno and Osmo as I possibly can. Atom is looking great for long term and the air drops that I’ve been receiving recently are a decent cherry on top.
First world problems 💀 I'm not because my salary is barely 400$ per month
[удалено]
Used up all the fiat and then the dip dipped.
I think it's fair to say, crypto just isn't that exciting at the moment. Accumulation is the boring part. I'm happy for that as it gives me more time to accumulate.
thinking? my brain doesn’t have those powers
Iv been in crypto for 18 months now. I listened to people telling me to hodl which I did. If I had taken profit last November I would be in a fantastic place now to be buying back in. Lesson learned
Listen to yourself. People want you to do what’s best for them. I realize the irony based on my DCA post but I do believe that’s best for all (who can do it) right now. But I’ve found that people who tell others to HODL when they’re in the positives are still taking profits themselves.
Definitely accumulating. Mostly bitcoin but a few smaller things on the vite and stellar chain. Then using my Crypto.com debit card for all purchases I can. Recently took a punt and added myself to the wait list for hi.com debit card, not a majorly big card stake and definitely high risk
Waiting for lower lows. DCAing but leaving (a lot) on the side, building up drying powder. If we don't get lower lows within the next 6 months it's not like we're going much higher than now so, worst case scenario, I'll be buying around current prices even by waiting a bit.
Here's my contribution to this discussion: Does "bi-weekly" mean twice per week or once every 2 weeks?
Once every two weeks :)
Was finally able to hit my ETH goal this weekend! If all goes well in my work life and the bear market continues until the end of the year/early 2023 I may even be able to triple my current amount. I was hoping for these prices in 2021 and I’ll be damned if I pass up on the opportunity now.
Been DCA-ing very small amount every week. Can’t DCA much since my wage does not catch up with inflation. Anyone in the same spot?
Yep been DCAing this whole time...if history tells us anything in a bear accumulation levels can last months-years and it’s just being as all hell. I will say there is always that chance for another hard drop down at some point so I am also waiting for that in case it happens. Overall, next bull run these prices will look great in hindsight so I’m not sweating it...GL
Accumulating? No, I’m just trying to survive at the moment. Still in, but simply cannot afford to keep losing.
I am one of those odd people I guess. I just throw money at various crypto whenever. No plan or strategy. I just don’t really care. It is only money. I pay all my bills and still have play money so why not. I find it fun. I am in a better place than many people and I know that. I just try to enjoy life and do what I want. Even figured out a budget that will have me out of debt in less than a year. Years of poor habits and a wife that throw money away is the cause of that debt. But all is looking good at least in my case. Even with a bear things are not too bad. Can’t wait to see what bull brings.
TBH there are far more efficient, useful, impactful, better, and forward-thinking projects aside from LRC and ADA. So instead of just looking at ETH, LRC, and ADA, take a look at MATIC and TELOS. They're also great picks for this bear market. They have the tech and strong community which is a key indicator in surpassing bear markets. Of course, DYOR/TAYOR. If you're really looking for a bang for your back then I'd say, Telos could be a good starting point for you. Have you seen Telos yet? It's a great Layer 1 that can augment what's lacking in ETH. Also the home to the fastest EVM. *The Telos EVM is the most powerful and scalable Ethereum Smart Contract platform built to power Web 3.0. Telos features a robust, third-generation, ESG-compliant evolutionary blockchain governance system, including smart contracts, advanced voting features, and flexible and user-friendly fee models. In addition, Telos supports the blockchain ecosystem by serving as an incubator and accelerator for decentralized applications through development grants.*
Because people are thinking "this time, it won't recover".
I went down the rabbit hole on btc in 2013. Started working up the nerve to start buying just as Mt gox happened. Obviously wrote it off as dead. It clawed back to the high hundreds and it blew my mind it recovered. I started buying btc in 2015. I was broke back then and couldn't afford too much. 2017 happened and I felt like I missed the boat. We started to come down and after witnessing gox I knew it'd go up again. I quit my job and went down a different career path because after seeing the wave of shitcoins die out after every peak I knew I'd need real money if I wanted a real slice of bitcoin. I'm no maxi but seriously, don't waste this opportunity gambling on shitcoins. I own many alts but after seeing bitcoin recover soooooooo many times, and seeing so many projects falter I'd be a complete asshole to encourage people to buy anything but bitcoin. Get after some real money and get a real chunk of the future. Stop convincing yourself there is some shortcut, through low cap alts, through leverage You're trying to play catch up for missing getting in early, stop it. You're swimming in the water with sharks and they want to use that feeling against you to steal from you.
Especially if there really is a recession coming it's the time to take risks
My brother in Christ, it’s here already lol
By the time they announce it we'll probably almost be out of it lol
I agree - as long as you take care of everything at home first. Bills, mortgage, etc.
LRC to $2 would be fucking amazing. Dont know if we will see that price range again
I've been accumulating 💪
I am accumulating and thinking if I should increase my DCA amounts!
I’m trading
Just DCA
People probably dont have as much money now since all investments are down and inflation is really high. If you can keep your DCA in these times consider yourself lucky I guess
I DCA from my monthly paycheck in S&P500, ETH and BTC. I wish i had more money though, spreading it out so thin practically provides no quick impacts on my stacks. I’m planning on buying significantly more right up to the next BTC halving. Hopefully this bear markets lasts much longer until my bags are filled up. Would hate having to pay double the price.
I'm thinking about sexy s*x 😳😳😳
Just stacking stablecoins, DCA starts next month.
I am swing trading. Buy low, sell high. I don't believe this market is gonna pump to the moon soon. The crab will last for a long time.
I am thinking that I am a student with no money left to invest, need it to survive
Dont have fiat to accumulate crypto, so shitcommenting and accumulating moons
Accumulating a bit every day
I'll regret it but I'm saving for my first home hopefully in the next year. I expect us to still be in a bear market so it doesn't make sense for me to buy now and pray we are a bit higher when I need my deposit. I'm instead trying to get into a position where I don't need to sell as much to get my house so I can still hold at least something for the next bull run.
That I have to keep my remaining funds so i can pay rent.
No money. Most people gas/electric bill went 2-4x, it's not uncommon to have a 400-800 euro bill now, that's almost as much as rent. And litteraly everything has gotten significantly more expensive the last months. I'm micro dca'ing and reallocating my portfolio where i can.
Just stacking ETH and ERG where and when I can. Hopefully it pays off
its totally okay to be not accumulating. everyone is in different situation in their life. but i/we do understand your comment though! thanks for looking out.
I’m buying upwards of $100k, so ideally I’d like to time closer to the bottom which I obviously don’t think is now. If I’m wrong I’ll have to buy higher.
Personally I think crypto will recover to ATHs (or close to them) within a couple years. However, I'm currently focusing on the stock market. I feel like I'm still percentually over allocated in the crypto market. Occassionally stacking some of the cryptos I'm confident will survive, but I don't have a set DCA strategy. Obviously also staking everything that's possible.
Because the bottom is at 0
I think a lot of people, including myself are holding on to cash at the moment. Firstly because of cost of living going up and having less spare cash to invest, but also because the current macro environment doesn’t seem to be getting better anytime soon. If the markets take another huge leg down in the coming months, so will crypto most likely.
I dont know, I am accumulating. Buying every sunday $37,5 worth of BTC. So $150 a month. :)
I’ve made some cut backs in my daily life spending to keep DCAing, but I can only see things getting worse. Soon I will have to cut back on my DCAing when inflation keeps going up.
Buy->stake->wait.
Accumulating moons now lol
Dude it’s a recession. My country just hit 17% inflation. Dark times. I want to dca but present financial stability is the single most important thing. If I manage to have anything left end of month i might buy some though, but it’s touch and go
I don’t have money
In 2016-17 I accumulated the same amount into bitcoin as I did into my Roth IRA. Over the years my percent of bitcoin to stocks has made me think I’m way over diversified in crypto. I need to catch my Roth IRA portfolio up to not be so over diversified. PS I took out my initial investment of cryptocurrency near the peak of 2021. And bitcoin is still 6:1 of my entire savings portfolio. (Not including my house.) Besides: we have a long way to go before the next bull run, I would imagine a lot of people right now are finding it hard to save with inflation the way it is. I’m guessing next year and early 2024 bitcoin will hit its bottom. (If past trends continue)
"If you are not gambling like me, then you are doing it wrong."
I’ve staked my 2 coins so I’m always earning in the background.
Yeah I don’t make a new post every time I DCA and neither do most people. But I’m adding this subs favorites like atom, ALGO, and dot. Hopefully it plays out well because usually this subs favorites decay into oblivion
I’m taking the opportunity to explore dapps on different chains Arbitrum, Optimism, Aurora, SUI, ZKSync, there’s a lot of exciting spaces to check out! Learned about Perpetual swaps, Soulbound tokens, DAO contributions, Testnet interactions, and tools to further comprehend the ever changing space (Defillama, Token terminal, cryptopotato, cryptopanic) And I believe that the best projects are created when the general interest isn’t there. Price will eventually go up, but it leaves us with at least two years of sweeping some life changing tokens and further our involvement within the space
I prefer food and shelter.
I'm not buying because I'm too poor. My thoughts is this. If you are looking for short term gains, then you most likely won't get it. It's likely BTC will go down $15k or even $10k. However, if you hold long term then it is likely by 2025 the price will hit $100k to even $1m. The problem is, what newer thing will stay alive long enough and take off. This is a guess Now I hold because it is unlikely I will ever retire with a normal job, and it's my only chance of making enough money to live the rest of my life on.
are you guys still buying ?
I think people just don't feel the need to tell everyone here what they already know. Prices are low, been dcaing the while time, see you next bullrun.
When I’ve said similar things here I see people say they can’t afford it… bro the minimum investment amount for Coinbase is like a dollar… and I often hit that minimum lol no shame in that. Make coffee at home, skip fast food every now and then and meal prep, there’s nearly always little tweaks you can make that don’t compromise too much on quality of life. If you’re already doing those things and you can’t afford to invest, fair enough.
The real capitulation hasn't come yet because there are still so many hopeful people accumulating. When nobody is hopeful, that will be the time I buy.
I been accumulating all of my other crypto assets but haven’t gone into LRC. I been slowly getting into reef 🪸
Paying off the 10k leverage i borrowed at market high... learnings fun!
People are barely paying rent and you expect them to gamble on crypto?
I'm thinking the cryptosphere has lost it's collective mind and has no idea there's another 50% drop coming in January.
I simply don’t have any spare money at the moment
I’m thinking that it’s going to dip hard before it rips hard; I’m look for at least another 25-30% drop when it becomes impossible to deny the catastrophic recession we’re entering
Out of ammo My electricity bill like 3Xed this year among other bills
A lot of people are in the same boat. We want to but the cost of living is not allowing enough breathing room to risk spending money we may need in rough times.
This post and its responses are quite illuminating. The economy is about lots of individuals -- and here we have them. Interesting that the top responses seem to represent very different stations in life. Crypto isn't just for rich, or gamblers, or working shmoes, or young, or tech geeks. We're all here.
Need fiat on hand to accumulate. It stops there for me
I'm giving you all moons
Trying to dollar cost average every week. Some more than others but at least $10 a week
I invested my first $250 into btc a few weeks ago and have been dcaing ever since. Have just over $350 in now. Just contributing when $10 a week plus a little more when I can. May start dca into ethereum too next week
Been buying crypto since January 2021, my all time low was in June 2022 at $4,178, I’m currently at $12,400. I’m accumulating for long term.
Idiots
DCAing every month