Crypto trading

[jaygreenb]

having done another weekly study of crypto i discovered the market cap probably isn't as big as people would like to believe it is

the more elements i look at the more it screams fugazi

think NFT survives maybe some blockchains that support application

Really really struggling to see how bitcoin isn't perhaps one of the biggest ponzi's of all time though

Most of the market caps for the small caps with low volume is joke, not going to deny that. Majority of the coins out there really don't have any long term use case but all this needs to happen in a budding new tech asset class. The winners will emerge and be the next mega tech companies that change how we do business and interact. It's a shame you can't grasp Bitcoin, suggest you keep an open mind and dig in a little more.

 

[jaygreenb]

Bitcoin is down a bit

Zoom out a little bit, anything growing exponentially is going to be volatile. Short term price moves aren't an important indicator.

 

[BackInTheGame78]

I like how people pretend to know the crypto market. They are guessing how much they would raise money, but it's always easier until you put into some real money. No matter how good you are, there is always "hidden" information for a few people dealing with billions. Your analysis can show one thing, but the actual situation could be the opposite. I hate crypto trading. Playing this casino (aka cryptocurrency trading) is definitely not for me.

I have put in real money. A lot of it. And I've made a lot more than what I put in. Currently making roughly 20K per month simply staking crypto after AVAX and QI took off, that's not including the actual value of the initial tokens I am holding.

You hate it because you haven't spent enough time to understand and see patterns. It takes work and effort, like anything else. Nobody wants to do the actual work part, they just want the money

If you think this is a casino, you simply don't know what you are doing and don't want to take the time to learn.

 

[SargeMaximus]

Zoom out a little bit, anything growing exponentially is going to be volatile. Short term price moves aren't an important indicator.

Right

 

[jaygreenb]

I have put in real money. A lot of it. And I've made a lot more than what I put in. Currently making roughly 20K per month simply staking crypto after AVAX and QI took off, that's not including the actual value of the initial tokens I am holding.

You hate it because you haven't spent enough time to understand and see patterns. It takes work and effort, like anything else. Nobody wants to do the actual work part, they just want the money

If you think this is a casino, you simply don't know what you are doing and don't want to take the time to learn.

Have to agree with this, think majority of these takes are cope and regret. Myself and many of my friends/family have all made life altering money. Personally have funneled a lot of time and money into this over an extended period of time.

 

[SargeMaximus]

Have to agree with this, think majority of these takes are cope and regret. Myself and many of my friends/family have all made life altering money. Personally have funneled a lot of time and money into this over an extended period of time.

Not in my case. Of course I wish I could make life changing gains and would be lying if I said I wasn’t jealous of the lucky ones who got in early, but since most of my predictions on when bitcoin would crash (dip according to you guys), I’m very wary of it. I truly believe it’s been designed by the elite to take the inflated money out of the peoples hands

 

[jaygreenb]

Not in my case. Of course I wish I could make life changing gains and would be lying if I said I wasn’t jealous of the lucky ones who got in early, but since most of my predictions on when bitcoin would crash (dip according to you guys), I’m very wary of it. I truly believe it’s been designed by the elite to take the inflated money out of the peoples hands

There are no easy roads there and it takes more than luck. In 2017 I made at the time incredible amounts of money, then through 2018 saw like everyone else around 90% of it melt away. It was a pretty brutal 2 years for everyone who stuck with it, most people capitulated and left. I made a lot of mistakes and had to readjust. The only reason I kept my conviction and kept buying through 18/19/20 was because I spent thousands of hours immersing myself in material to really understand it. One of the best life lessons I have learned though and am reaping the dividends now. Ask anyone who has been doing this long enough and made that type of money, they will all share a similar story. You have to play the long game with this, majority aren't doing it with a 1000x meme coin and keeping it.

 

[DEEZEDBRAH]

I bet that’s what people thought when they first


Institutions are and have manipulated bitcoin so what does it matter if it’s defi? Not to mention how I’ve read the fbi can track the transactions

So your solution to debasement is what? Drop the soap for fun?

I like how people pretend to know the crypto market. They are guessing how much they would raise money, but it's always easier until you put into some real money. No matter how good you are, there is always "hidden" information for a few people dealing with billions. Your analysis can show one thing, but the actual situation could be the opposite. I hate crypto trading. Playing this casino (aka cryptocurrency trading) is definitely not for me.

Enjoy your 9-5. Check what life expectancy is. Good luck lulz

 

[DEEZEDBRAH]

There are no easy roads there and it takes more than luck. In 2017 I made at the time incredible amounts of money, then through 2018 saw like everyone else around 90% of it melt away. It was a pretty brutal 2 years for everyone who stuck with it, most people capitulated and left. I made a lot of mistakes and had to readjust. The only reason I kept my conviction and kept buying through 18/19/20 was because I spent thousands of hours immersing myself in material to really understand it. One of the best life lessons I have learned though and am reaping the dividends now. Ask anyone who has been doing this long enough and made that type of money, they will all share a similar story. You have to play the long game with this, majority aren't doing it with a 1000x meme coin and keeping it.

Or just leveraging btc aka dude bro.

It's a blip. Take your L. Tuition paid for. If you are in the long haul, it's not going to be noticeable overtime. I have taken many since I got in ages ago. More to come. I keep learning.

The stock market crash in the lock down. Anybody that pulled out got wrecked. Market recovered by the summer. It's better more time in the market than trying to time the Market. Unless senators inside trading like the goons that magically pulled out just before the crash.

I'm in for the long run. Btc can go to zero tomorrow. I'm buying more. I actually enjoy the crash. It's a shopping spree. Everything is on discount. It sucks short term. You can take profits. My plan is to let it ride.

 

[SargeMaximus]

So your solution to debasement is what? Drop the soap for fun?


Enjoy your 9-5. Check what life expectancy is. Good luck lulz

Predictable response. If you can’t reason with them, make fun of them am I right?

 

[jaygreenb]

Or just leveraging btc aka dude bro.

It's a blip. Take your L. Tuition paid for. If you are in the long haul, it's not going to be noticeable overtime. I have taken many since I got in ages ago. More to come. I keep learning.

The stock market crash in the lock down. Anybody that pulled out got wrecked. Market recovered by the summer. It's better more time in the market than trying to time the Market. Unless senators inside trading like the goons that magically pulled out just before the crash.

I'm in for the long run. Btc can go to zero tomorrow. I'm buying more. I actually enjoy the crash. It's a shopping spree. Everything is on discount. It sucks short term. You can take profits. My plan is to let it ride.

Exactly how I look at it, tuition. In a bull market a lot of holes in your game/understanding of markets is washed over by the exponential price action. It is easy to feel like a genius, at some point we all get exposed by either taking too much risk or lack of knowledge. I am thankful I was able to learn those lessons when I did and not later down the line. After that loss it made me semi obsessed with understanding and learning about the pieces I was missing, market cycles and global macro. Sounds like you have had some similar experiences and are on the same path. Always keep learning and adjusting.

 

[BackInTheGame78]

Game and Metaverse tokens are killing it for me today...and OGN for some reason is pumping hard...

 

[jaygreenb]

Game and Metaverse tokens are killing it for me today...and OGN for some reason is pumping hard...

Yeah, they have been killing it, that's awesome. For the most part missed out on those except chiliz, bought around 2k worth at a .01 over a year ago. Don't really even remember why to be honest but up a ton.

 

[BackInTheGame78]

Yeah, they have been killing it, that's awesome. For the most part missed out on those except chiliz, bought around 2k worth at a .01 over a year ago. Don't really even remember why to be honest but up a ton.

Yeah that is going to really do well too...I was looking at it when it was like .20 but I never bought in...has partnerships with major sports like the English Premier League, etc...

Almost all of the IDOs coming out now are Metaverse, game, or NFT related and all of them are doing well for me...like 20-100x returns

 

[jaygreenb]

Yeah that is going to really do well too...I was looking at it when it was like .20 but I never bought in...has partnerships with major sports like the English Premier League, etc...

Almost all of the IDOs coming out now are Metaverse, game, or NFT related and all of them are doing well for me...like 20-100x returns

What are some good Metaverse ones that haven't run too hard yet? I really haven't been following that side much but want to throw a few bets down, looking for high risk/upside

 

[BackInTheGame78]

What are some good Metaverse ones that haven't run too hard yet? I really haven't been following that side much but want to throw a few bets down, looking for high risk/upside

I really like BLOK long term...it's built and backed by Polygon(MATIC)...telegram group has almost 120K members in it...

I bought in about 400K tokens at .018-.02 and staking them for 60% APY for a year, it was down in the .07s as recently as last week... currently around .13, but it will go into the stratosphere once land sales start soon...

NFT pricing map – BLOKTOPIA

www.bloktopia.com

 

[Reyaj]

I'm a little confused and need some advice. I've been gradually buying BTC and ETH so far I'm up but it sounds like there is a 2 year bear market coming. A lot of videos I watched said to sell up and then buy back when it's low.

Do we see a crash coming?

 

[BackInTheGame78]

I'm a little confused and need some advice. I've been gradually buying BTC and ETH so far I'm up but it sounds like there is a 2 year bear market coming. A lot of videos I watched said to sell up and then buy back when it's low.

Do we see a crash coming?

It's nowhere near it right now and anyone who claims that there will be one at this point is basing it on the past and not anything it's showing currently. Some are expecting a lengthened cycle lasting well into next year or even a possible super cycle. On chain data is extremely bullish, whales are starting to accumulate heavily again and supply shock is getting ready to happen soon.

Even with a bear market, most analysis points to it bottoming out around 60K, which is higher than what the price is currently.

 

[jaygreenb]

I'm a little confused and need some advice. I've been gradually buying BTC and ETH so far I'm up but it sounds like there is a 2 year bear market coming. A lot of videos I watched said to sell up and then buy back when it's low.

Do we see a crash coming?

It depends how parabolic the market gets, if the entire market cap does a 3-5x from here really quickly like it has in the past I would expect a large and possibly extended correction. It could be shorter this time around or the market could take a slower measured growth pattern. I would feel comfortable with anything in now, but if the entire market makes a large move up I would be more cautious putting money in.

 

[Reyaj]

It looks like this new covid variant brought it down a bit.. I bought in a little more.

@jaygreenb @BackInTheGame78 Do you see this as something to hold into Retirement.. like Mutual Funds or do you intend to cash out one day?