Farcaster

Looking for genuine/thoughtful responses 🙏

Assuming you agree with the two statements below:
1. I can’t time markets
2. I’ve made many mistakes buying/selling  specific coins

What’s stopping you, today, from holding a diversified basket/index of the crypto market and holding it forever?

And yes, it exists.

builder Universal and @alongside (alongside.xyz) — Casts that won’t put you to sleep — come /donothing with us

those have historically performed very badly in crypto. think index coop's tokens, BED, DPI, ETH2X-FLI...

people bought in en masse last cycle and it didn't go well

stake responsibly // be a kind human // slomad

Ko Lanta Yai, Ko Lanta District, Krabi, Thailand

Valid point! But none of those are of “the crypto market” which has performed very well

also, I guess I feel like ETH is exposure enough to most of the crypto market

Agree but that didn’t play out well last year (the market outperformed ETH). I think the worldview of “ETH is going to represent/beat the market consistently” is probably going to be challenged as crypto continues to mature 

Disagree?

still disagree but admittedly don't have data to back up my feeling. i don't pay close attention to markets but I work in Ethereum and all the highest quality builders I know work in Ethereum and it's tech that I'm impressed by so I'd rather just hold instead of doing research into how some other token (eg index) works