I wrote an ELI5 description of every coin on Coinbase

Those who were here 2017-18 know what is coming over the next few months: the herd will thin and many of the alts you’ve grown to love are going to starve and die. Bitcoin dominance will consolidate and is already creeping above 70% in terms of volume.

As someone who first bought bitcoin in a barnes and noble off localbitcoins in 2013, I consider myself a Bitcoin Maxi — but I would be lying if I didn’t say that my biggest gains haven’t come from altcoins. Remember that ether itself was once considered a shitcoin. Historically, here are the two best things you can do during crypto winter:

1. DCA into bitcoin
2. Study and pick your alts.

Many coins that were by no means unknown in 2018 went on to produce 10-100x gains. Here are some prices for reference on Dec 22, 2017 — right after Bitcoin fell 30% over the course of two days (sound familiar?)

• BNB: $5.54
• Link: $0.57
• KuCoin: $0.88

Now, one of the bad things about the crypto industry is that people try to it make more complicated than it needs to be. Bitcoin needs a white paper; Floki Shiba Inu Monkey Pox coin doesn’t. This is why I wrote an ELI5 Description of Every Coin on Coinbase. A few well placed investments into the right alts while dollar cost averaging into BTC/ETH has historically been the best bear market strategy — and there is no reason to think this time around is any different.

Even more important than picking the right alts is to set up a DCA strategy and stick to it. I like to keep my crypto investments proportional to how much money I’m actually spending day to day, so I actually wrote myself an ios/android app that rounds up my everyday purchases and invests the spare change into my coinbase portfolio. This is a strategy I’ve been employing for a few years now, but only just recently made the code user friendly enough to be used by strangers and added a “boost” setting so you can ramp investments up and down with spending. I made it free with no current monetization plan (it’s in the app store, so reviewed by Apple/Google).

** Edited for people who don't want to click any embedded links (a la "all my apes gone"):

• ELI5 descriptions: https://bitscrypto.com/cryptos
• Free "acorns for crypto" app with no monetization plan:
  • iOS: https://apps.apple.com/us/app/bits-buy-crypto-with-change/id1619835745
  • Android: https://play.google.com/store/apps/details?id=io.bits.getbits