Long gone are the days of calling Bitcoin and Ethereum a craze.
Bitcoin provides a store of value and an inflation hedge, especially in countries that lack a stable fiat currency.
One reason Bitcoin is so valuable is that it has a peak supply of just 21 million coins.
Ethereum is burned on purpose by those that try to limit its supply, as well as in transaction volumes for non-fungible tokens on sites like OpenSea.
In a proof-of-stake method, users will validate transactions based on how many coins they hold, not by deploying computer power as is done in a proof-of-work method.
Many of these projects will get hyped up, fail, and lose money for a lot of people.
If you believe that we are in the early innings of decades of cryptocurrency growth, then simply dollar-cost averaging into Bitcoin and Ethereum over time should do the trick.
The cryptocurrency market is sure to go through cycles of boom and bust for the foreseeable future.