In 2017, I bought XRP at $.20 and watched it go to $3 in one month. One month. One. Month. 1,500% in ONE month. I sold half at $3, the rest at $2.50, and thought I was a genius. Only much later did I realize the real geniuses bought it at $.005 and sat on 4,000% gains . before catching another 1,500% on top of that And you think LINK is expensive at $30 and $13 billion market cap? Do you know what XRP’s market cap was when I bought it? $11 billion. That was in November 2017, when the overall crypto market and capital flows were much smaller. Now, the market is much bigger and money is far more abundant. Do you still think we can’t see a $300 LINK token? It’s altseason. It can definitely happen. Altseason: A Brief and Beautiful Thing At some point, the entire market crash. It’s inevitable. will Not a routine 30 – 40% drop, but a big one, probably 60 – 70% or more, with some altcoins going even lower. Until then, altcoins will zoom. ZOOM. As a result, you now have opportunities to make fast money. massive If you’re good and lucky, you can realistically pull off 300% swing trades at will, and possibly do even better. Even just HODLing what you already have, 300% is realistic. Those gains are typical of every altseason. If anything, that’s a low expectation. Many altcoins have gone up 300% this year. already Get it While You Can! Unless we get a very big drop in bitcoin’s price a long sideways move, we will reach our market cycle peak soon. or At that point, the market will force you to sell to protect your investments from greedy people who will crash the market. Once you see the signs of the market cycle peak, you will get out before the party ends. You don’t have much time. Either we get a very nice, healthy drop soon, or we get a massive parabolic rocket ship blast-off to the market cycle peak. Now or in a Few Months If you only want to make fast money in crypto, you need to act urgently. That’s not my thing — I’m a tortoise, not a hare — but I wouldn’t assume this mania will last for the rest of 2021. In fact, we have a lot of evidence to suggest it won’t last much longer. After the crash, once the hype dies down and everybody has a chance to suss out the winners and losers, you will have opportunities to make slow, easy money. If you’re patient and savvy, you can realistically pull off 3,000% gains. Possibly, even better. massive But you will have to wait for it. I’m Sitting on My Hands As for me, I’m not doing anything. The best opportunities come when the market is boring and scary, not when everything’s hyped and prices are zooming. Does that mean I’m missing out on juicy gains? Am I lame for not getting into the latest DeFi coin? Probably. Actually, I’m almost certain I’m missing some short-term money-making opportunities. My goal is to make the most of this bull market. I did that. I spent three years building a portfolio. I already found some moonshots. I feel fortunate that I’m in a position to chill and let the market do its thing. I don’t need to add more risk and spend more time and money chasing altcoins. If you subscribed to for long enough, you did, too. Some of my specific altcoin recommendations have already delivered 1,000% gains. Most are up 500% or more. Crypto is Easy We got in early. No reason to play catch-up or ape into the latest governance token. Enjoy this moment. In a few months or less, everything will change, as it did in the fall of 2020, winter of 2019, all through 2018, and twice during 2017. Nothing lasts forever. Make sure you’re ready for when it ends. That’s when the opportunities come. real Mark Helfman publishes the newsletter. He is also the author of three books and a top bitcoin writer on and . Learn more about him in his . Crypto is Easy Medium Hacker Noon bio Originally published on Voice.com .

Chainlink

Harmony

Routine

Long Bitcoin But Beware The Bitcoin Super Cycle

Bitcoin’s Price is Immaterial: Focus on Opportunities NOT Price

Crypto is Easy Newsletter

Nominated for 2022 - HackerNoon Contributor of the Year - Cryptocurrency

Nominated for 2022 - HackerNoon Contributor of the Year - Investing

Nominated for 2022 - HackerNoon Contributor of the Year - Bitcoin

Nominated for 2022 - HackerNoon Contributor of the Year - Crypto Trading

Nominated for 2022 - HackerNoon Contributor of the Year - Money

Too Long; Didn't Read

Making the Most of Altseason in a Bull Market

Making the Most of Altseason in a Bull Market

About Author

Comments

TOPICS

THIS ARTICLE WAS FEATURED IN

Related Stories

2020 is The Year Wall Street Could Take Over Cryptocurrency

3 Investment Mistakes Often Made During Altcoin Season

Bitcoin and Altcoins: Truth #2 "Never take profits unless..."

Bitcoin’s Price is Immaterial: Focus on Opportunities NOT Price

The Crypto Market Demands You Suspend Your Disbelief

Trading Altcoin Hype Cycles [A Deep Dive]

2020 is The Year Wall Street Could Take Over Cryptocurrency

3 Investment Mistakes Often Made During Altcoin Season

Bitcoin and Altcoins: Truth #2 "Never take profits unless..."

Bitcoin’s Price is Immaterial: Focus on Opportunities NOT Price

The Crypto Market Demands You Suspend Your Disbelief

Trading Altcoin Hype Cycles [A Deep Dive]

Light-Mode

Classic

Newspaper

Minty

Dark-Mode

Neon Noir

Minty

HN StartUps