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gaut
@gaut
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
@nixo
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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gaut
@gaut
Valid point! But none of those are of “the crypto market” which has performed very well
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nixo
@nixo
also, I guess I feel like ETH is exposure enough to most of the crypto market
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gaut
@gaut
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?
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nixo
@nixo
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
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nixo
@nixo
the crypto market might have outperformed eth but I view it as speculation and *my own* trading outside of just holding eth has never outperformed it. i stopped trying to do anything but accumulate ETH in 2018 (staking being the one exception)
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gaut
@gaut
Got it!
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