Bankless ROLLUP: 3rd Week of January
Jan 22, 2021
This week dives into Bitcoin's volatile price swings and Ethereum's remarkable rise past its all-time high. The conversation emphasizes long-term investment strategies and the power of self-custody in crypto. Discover signs suggesting Ethereum may hit $10,000, backed by rising transaction fees and demand. Recent innovations in decentralized finance are highlighted, including mStable's new offerings, while the impact of celebrity culture on cryptocurrencies is explored. The episode wraps up by examining Ethereum's transformative potential in reshaping traditional finance.
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Episode notes
Hodl Bitcoin and Ether
- Hold Bitcoin and Ether for at least 3.5 years to profit.
- Holding is the secret to success in crypto, not trading.
Passive Investing Wins
- Holding Bitcoin or Ether outperforms most crypto hedge funds, without fees.
- In 2020, simply holding either asset yielded higher returns than actively managed funds.
The Importance of Holding
- Ryan's friend bought ETH at $500 but sold when the price dropped.
- This highlights the difficulty of holding through market volatility, even with good initial intentions.