We’re still early.
I like to use credit cards as a comparison. What would later become Visa was first launched in 1958 by Bank of America. It was initially known as the BankAmericard credit card program. Fast forward a couple decades, watch this video to see how people reacted to Burger King's news that it would accept credit cards at all locations in 1993. The tenor? Skepticism. Adoption takes time. People adjusting to new systems, vocabulary, and behavior takes time. We're still early.
However, don't be stupid. Make a plan. Here's my plan: I'm selling a third of all my holdings once the total market cap of all coins hits 4 trillion dollars. I'll sell another third of all my holdings once the total market market cap hits 7 trillion dollars. Most of my portfolio is in BTC. The majority of my other holdings are the big L1 smart contract platforms that can handle volume. I don't know which will win so I own several of them. I figure that if 1 to 3 win in the bag, then it'll pay for the losses of the rest. If crypto falls below 2 trillion total market cap, then I'll resume DCA in my portfolio. At current prices I'm not buying anything.
That's my plan. I'm not saying that it's the best plan, but it's what I'm doing. Yes we're early. But make a plan so that you're not second guessing yourself everyday as prices shift around.
submitted by /u/sleepapneainvestor
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