Transitioned from being a stubborn “bull” to reluctant bear. But I think that many alts are entering into early stages of accumulation.
To my own surprise, the alts that I’ll be accumulating wouldn’t be adding onto my long term bags. I’ll be holding them. Believe that you know what I’m in.
Throughout early 2023 > 2024, I’ll prolly only accumulate 1 alt. Either $PYR or $SOL.
Think the 2 links above summarises things better than I would. Personally, I lean more towards $SOL, I was reluctant to buy SOL initially due to its high mcap and also I rode it from 100ish to 240ish. So I’m happy with that.
But seeing how they have been progressing in the bear markets makes it hard to neglect their progress.. sure they have their own set of issues, e.g. centralised network, breaking down, yada yada yada. At the end of day, ask yourself.. are there any other projects pushing as hard as them? Coming up with marketing gimmicks (SOL phone) just to make Crypto more accessible for non-crypto folks.
I think that it is only a matter of time before they return their all time high. Given their NFT traction and the top class devs building on their blockchain. (Aurory, Genopets and etc)
Moving to $PYR, another L1 riding on the metaverse hype. Tbh, $PYR has a HUGE potential to grow given that it’s only at 80-90m.. if this takes off, it can easily be the next 50-60x tbh.
So in terms of R/R, $PYR stands out. However in terms of adoption, $SOL still stands first.
In terms of accessibility, it’s much easier and accessible to get $SOL instead of $PYR. If y’all have a Gemini account, you can start to accumulate $SOL there. Honestly, easy work. Just wire money in and repeat your weekly/monthly DCA when the time comes.
Whereas for $PYR, you’ve to transfer funds to Binance or Kucoin for you to be able to buy it. Quite a lot of work but worth it for a 10-50x imo.
Honestly if you would like something with higher probability then betting on $SOL would be a smart choice. If you want higher return but lower probability then go for $PYR.
In terms of returns, $PYR (10-50x imo), $SOL (5-10x)
Tough choice but leaning more towards $SOL at this point of time all because of their devs activity and traction. Tbh, 5-10x tho seems “pathetic” in Crypto sense, it’s still an extremely good return. Put 5k and you’ll get 25k. Then take out 90%, and put into something safer like REITS, you’ll receiving a decent alternative income for the rest of your life.. (That’s if they continue giving their dividends), so do check their track records too.
Don’t aim for moonshots all the time, aim for something with higher probability but lower returns then repeat the whole process.
And for you to make the best out of $SOL, you must bet big. I would say at least high 4 figures or low 5 figures if possible..