Maker is a DAO that backs DAI, a stable coin, pegged to the price of the US dollar. Maker is buying US government debt.
The US dollar is currently the best thing to save and hold (for the most part). When it comes to freedom, the US is number one. When it comes to capitalism, the US is number one. That's not going to change. You can bank on it, and win.
I did acquire two small amounts of MKR around 900, and again recently in parts, at 950's, and it's currently 917. So, now I am going to wait, for days. That may sound lazy, but the entire point of a swing trade is to get in and do nothing, at least for me, and MKR seems relatively safe given the volume. I recognize this may take days or weeks. I think it is important to take small test trades, to validate your hypothesis. Risk management is key, because a 100% gain is just a double, but a 100% loss, and you die. That's why most of my trades are only 8 dollar trades, but that's still a lot, in some places. This is the feature which makes crypto superior to stocks. Amazon's stock is over a hundred dollars! Can you believe it? Granted, they are amazing, but that's still a lot of money.
I intend to hold MKR well over a thousand, but if the price tanks into the 800's of course then I will be forced to sell (because then the opportunity cost of not being in another coin will likely overtake it). I seriously doubt that's going to happen. My stop loss is set to 15%, so when it reaches 15% I think about dumping, but not necessarily. I allow a little more volatility for a crypto than I would a stock, because I am also making faster gains. Just being forthright in telling you what I personally do (I also work hard for my money). Stocks are currently very unappealing at the prices and volatility they are in. Furthermore, I am not interesting in putting capital at risk, given I know the election was stolen (a government which allowed that, could be allowing all kinds of fraud, and any smart investor would think exactly this).
Anyway, back to the crypto, MKR, the volume is huge. It's a big bird. There is an audience for MKR. You can see this on coin market cap (coinmarketcap.com).
If you can't invest, don't. Amazon's Prime Sale is still going on. That's bigger than Crypto. Charity is also more important right now given that pandemics still exist even when stolen regimes run out of printed money. Don't be stupid, keep you masks on when you know you should. Things such as vitamins, medicine, cars and shoes will always be more important than Crypto, which is just a tool. Definitely don't put your gas money into the market. But, if you have extra money to invest, MKR is solid. It's not going to die, even if the fake news says it will. The fake news does not want you to save. If you struggle with saving, investing may be a good strategy. For some people buying crypto that is pegged to the price of the US dollar, may be wiser than actually saving in the US dollar, because they are spenders by nature, and changing human nature can be difficult. Some of the stable coins, such as PAXG, can help you with this. I sometimes us PAXG when I take profits.
Saving is more important than investing. But, if you already have crypto, and want to park it in a gainer, rather than something flat, then MKR may take off.
My typical bag is between 50-500 dollars (my landlord is gracious enough to accept Bitcoin as rent, so it's allowed me to take bolder attempts), and my typical trade size is 8-25 dollars. I typically find very few trades so most of the bag remains in dollars. So I'm guess I have almost a hundred into MKR so far (maybe less), because the losing trades each day were sold into MKR, so the MKR bag naturally grew. (Recent trades have included, Monovale, Bitcoin Cash, and others found on cryptobubbles.net; with drop down menu set to coinbase, or FTX).
I'm simply using crypto to extend my savings. My trading style is more similar to fishing with a net, than hunting with a gun. I am surprised at how well I have done, and prefer it to stocks. It helped me pay down my debt. I am a very small bag holder (the most I made in a night was 63 dollars on Monovale). It is a skill. If you are not good, you will lose money. It's an easy skill, but it's still a skill. Most of the trades don't run more than a few minutes (usually shortly after a whale buys, and a fair value gap is made), so this MKR trade having swing trade potential is huge, because I don't have to watch it everyday. It's the perfect type of swing trade to take profits into while you make your other trades during the week, so you know you need these sort of swing trades to be going on, ideally. It's smarter to take profits into an advancing swing trade, say from a day trade, than into a coin pegged to the dollar or the price of gold.
MKR is a fairly well known coin, with plenty of market memory.
https://www.amazon.com/How-Swing-Trade-Brian-Pezim/dp/1726631753
A good book on Swing Trading I found was by Brian Pezim, and Amazon had an Audible version of it. Overall, the book paid off for itself, and the audio version. Basically he covers the same approach with stocks. It's not the most profitable approach, nor the most hands off, but a happy medium. The most hands off approach seems very dangerous (here, hold this Bitcoin has it loses 60% of it's value, don't worry, it's the "right" thing) or the opposite, (let's try daytrading this token we've never heard of, because it's pumping). So, Swing Trading, which may not be quite safe yet, will eventually come into the frame, and when it does, you will be ready.
Another obvious trade, is Amazon Stocks. It's Amazon. It's bound to go up. It's a deal. If you can afford to spare 130-ish, which is what Amazon is trading at, it's probably pretty smart to start bagging up some Amazon, because it will probably go up, even if the broader economy seems to be going down as fake news keeps repeatedly saying it will (why would you say something like that? Don't listen to journalists- and get in early). Yes, I leave most of my funds in the US dollar as cash, because I have to pay bills, but otherwise, I intend to at least leave some money in the market, because why not? I still work for most of my money, and intend to well into my 80's, hopefully beyond. I have no problem with having a boss. I am already financially independent enough to do whatever I need to do. I can't pretend like I will use the capital better than the professionals, do you?
Amazon is losing money at the moment, but Christmas is coming, which obviously means good things. I would at least watch Maker and Amazon: