gaut on Warpcast

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gaut pfp

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.

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nixo pfp

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

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six pfp

Part of me feels there wouldn't be much difference to a generic BTC/ETH/SOL basket; part of me does want to keep a bit for degen stuff because it's fun and high upside (and downside too ofc); and US regulation lol

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M.F.L pfp

I want to buy other 100x coins We cannot escape from poverty by multiplying by 5 or 10 times.😢

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Syed Shah🏴‍☠️🌊 pfp

Syed Shah🏴‍☠️🌊

My risk tolerance is higher. Don't have enough to justify reducing risk. Also that only makes sense if you're too lazy to do research. Diversification is something Wall Street sells so you can park your money and they can gamble with it through all kinds of regulatory tricks. It's not the optimal strategy it's sold as.

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Mac Budkowski ᵏ pfp

Mac Budkowski ᵏ

I also made a lot of money buying/selling specific coins, significantly outperforming diversified basket

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Fran pfp

I looked into index coins and didnt see anything worthwhile, not broad enough and too high in fees. you have a particular product in mind when you say it exists?

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Mantej Rajpal ↑ pfp

Mantej Rajpal ↑

I manually hold a MC-weighted basket, which ends up being largely BTC/ETH I believe what’s stopping most people — and based on what friends & family tell me — is the friction (e.g. I do this manually). BTC/ETH ETFs may scratch this itch for many. What solution are you thinking of?

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aron pfp

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Jason Delabays 🎩 pfp

Jason Delabays 🎩

1. I've checked your index and there are some coins I *really* don't want to hold: Litecoin, BCH. 2. ETH is a big part of the index and I'd like at least to have the Lido yield

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Jason — ⚪↑🎩🐹 pfp

Jason — ⚪↑🎩🐹

Genuinely for me in this order: - I understand stocks as an asset class better - Not sure what the benefit of index of crypto assets over S&P index / VTI and if that makes sense for me - Off hand don’t know what is in the basket - Also don’t know if it’s as simple a purchase as BTC/ETH on Coinbase

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↑langchain 🎩 pfp

↑langchain 🎩

I’d also say you have more complexity like SC risk and oracle risk vs naked assets. I think an index would bang on centralized exchanges.

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↑langchain 🎩 pfp

↑langchain 🎩

Similar to looking at heavy stocks in indices, it “feels better” to just own the majors. Would rather have had AAPL or similarly naked BTC or ETH than the broad index. I get you can’t pick winners every time but I think this era of adopters is higher on the risk curve.

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chrispreen.eth 🎩 pfp

chrispreen.eth 🎩

You’re never going to time markets perfectly, but perfect-enough still very profitable. Crypto is fast-moving. You have to adapt (on buy and sell side) & keep room for new opportunities. Not the place for fixed allocation portfolios. Requires time & effort though, so weigh it up against your other income potential.

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Les Greys pfp

Are you looking for feedback from us as individuals making these decisions and/or of what we may opine ?

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Julien pfp

A belief that a few 20x coins will return more than the many that go to zero and, net-net, outperform buy-and-hold. Active management is good in a venture-like portfolio.

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Alonso pfp

unexpected bills not covered by insurances and exceeding emergency funds

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W3nzel.eth🎩 pfp

I do both. I usually speculate with a tiny amount, hoping to catch a rocket like $safemoon early, but 98% of my networth is in BTC since 2017. Haven't sold any, sadly didn't buy enough during the dips. Btw. I'd love to get a follow back here, my fren! <3

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christopher pfp

very few of them are actually businesses that return value back to owners. with limited oversight and inspection into the operations of the projects, they might as well be charities.

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