Crypto trading

[jaygreenb]

@jaygreenb @BackInTheGame78 what's your play heading into tomorrow and going forward? DCAing is my play. I'm dammed if I do. Dammed if i don't. If it crashes I'm going in hard. If it goes up, we already won.

I have been picking off small buys in the low 30's but am keeping a lot of dry powder in case the wheels fall off. On a cycle timeframe perspective we could be heading into an extended bear cycle if comparing to 17/18. On that same idea though, we never truly got the blow off the top parabolic move we saw in 17 either, so downside may not be as high. Cycles may also be extended. So many variables right now with the economy too and a lot is dependent on the Fed/stock market. Long term, I could not be more bullish but think things are going to get very volatile this year. So how I am playing it, making small buys now, if it drops into the 20's will make larger buys and continue to do so until we hit a bottom. Mentally prepared for a 1-2yr bear/sideways action but think there is a decent probability it doesn't last that long

 

[jaygreenb]

@jaygreenb @BackInTheGame78 what's your play heading into tomorrow and going forward? DCAing is my play. I'm dammed if I do. Dammed if i don't. If it crashes I'm going in hard. If it goes up, we already won.

Read this article if you have the chance, this is one of the founders of Bitmex and is a GOAT in this space. Has great perspectives on crypto and how it ties into the macro picture. He is a great follow, puts out good essays every so often

https://twitter.com/i/web/status/1486128592253767680

Bottomless

(Any views expressed in the below are the personal views of the author and should not form the basis for making investment decisions, nor…

cryptohayes.medium.com

 

[DEEZEDBRAH]

I'm short in $ATOM and $FTM right now, those are the only two trades I have open.

My play is to only trade futures contracts from now on. I am up a ridiculous amount in the past 2 weeks. No worries about wallet hacks, crypto rug pulls, etc. Just printing money like an ATM

I was trying to understand nft. Seems ridiculous and a rug pull waiting to happen. I know people made money on it. I simply don't get it. You got in and went hard. Good on you mate.

Rug pulls and hacks concern me.

 

[DEEZEDBRAH]

Read this article if you have the chance, this is one of the founders of Bitmex and is a GOAT in this space. Has great perspectives on crypto and how it ties into the macro picture. He is a great follow, puts out good essays every so often

https://twitter.com/i/web/status/1486128592253767680

Bottomless

(Any views expressed in the below are the personal views of the author and should not form the basis for making investment decisions, nor…

cryptohayes.medium.com

Thanks man. The name sounds familiar. I don't really **** with twitter but I check several (Cobra, plan B, techdev etc).

Tbh I think TA is legit for a ball park idea but there's so much ****ery and market manipulation. I don't think there's a gimme formula but I keep searching.

 

[DEEZEDBRAH]

I have been picking off small buys in the low 30's but am keeping a lot of dry powder in case the wheels fall off. On a cycle timeframe perspective we could be heading into an extended bear cycle if comparing to 17/18. On that same idea though, we never truly got the blow off the top parabolic move we saw in 17 either, so downside may not be as high. Cycles may also be extended. So many variables right now with the economy too and a lot is dependent on the Fed/stock market. Long term, I could not be more bullish but think things are going to get very volatile this year. So how I am playing it, making small buys now, if it drops into the 20's will make larger buys and continue to do so until we hit a bottom. Mentally prepared for a 1-2yr bear/sideways action but think there is a decent probability it doesn't last that long

Same. I'm fine with DCAing if it crashes or runs low and sideways action. 1-2 years is possible. I'm okay with it. When these crashes happen, I DCA or just accumulate on a big crash.

With the crypto.com hacks are scary. Cold storage the sec I accumulate more. No robinhood.

Dry powder on the side. Let's Go! Call me morbid but I really don't mind a crypto crash. It just means a spending spree.

 

[BackInTheGame78]

Wild day yesterday leading up to and after the FOMC meeting. Caught a few shorts after the initial pump and rode them down for a pretty nice profit on the day.

Interesting to see where we go from here. I'm guessing down to 30K but perhaps it fools everyone and reverses course again...went up overnight which is surprising.

 

[oc16]

Anybody know how safe/legit this company is for Crypto Trading?

Buy Bitcoin, XRP, Ethereum Online - Uphold

 

[BackInTheGame78]

Anybody know how safe/legit this company is for Crypto Trading?

Buy Bitcoin, XRP, Ethereum Online - Uphold

Man...stick to the well known, well vetted companies. Literally no reason to ever go with some random unknown place especially in this industry. You are asking for your money to disappear doing that type of stuff.

 

[BackInTheGame78]

Same. I'm fine with DCAing if it crashes or runs low and sideways action. 1-2 years is possible. I'm okay with it. When these crashes happen, I DCA or just accumulate on a big crash.

With the crypto.com hacks are scary. Cold storage the sec I accumulate more. No robinhood.

Dry powder on the side. Let's Go! Call me morbid but I really don't mind a crypto crash. It just means a spending spree.

Expecting a potential bounce to somewhere between 40-42.5K and a rejection there which will lead to potential 30K or even briefly under 30K levels before the big bounce up.

This is the time to get out of any assets you are holding if you see that happening and then buy back cheaper.

I will be shorting the hell out of the market at that point and just printing money like the Federal Reserve.

 

[oc16]

Man...stick to the well known, well vetted companies. Literally no reason to ever go with some random unknown place especially in this industry. You are asking for your money to disappear doing that type of stuff.

Who do you recommend? My friend got hacked using Coinbase. I am looking for websites, not apps.

 

[AAAgent]

I never really had any issues when it came to dating, although around that time I started going out less, some of that was just getting older the other was focus on my business/not spending money. First two years it was really just casual pump dumps that fell into my lap, then I got into a relationship that actually ended up bringing me to this site haha She was some kind of cluster B and really did a number on me, same story that seems to bring most guys here. Great Learning experience though. Overall, I think women can tell if you have your stuff together, I like nice stuff but never been super flashy, didn't seem to be an issue. I am also in a mid tier city, so not as much competition with higher level guys. Have had several 1 to 3yr dating relationships since then, with a lot of casual stuff in-between.

Looks like a lot of projects on SOL are getting hammered. Maybe it does well long term but it is highly centralized and decentralization is one of the most important aspects to me. It was backed by a lot of VC tech guys. It is hard to really trust any projects in this industry long term. A lot of hot projects fade away over time and price action in a bull market doesn't mean it is legit. Any coins besides btc and a portion of my eth, if they pump I pull out profits. If we get another alt season, I will probably sell off the majority of alt coins and convert to other asset classes.

SBF reputation is going down the gutter. ppl are bashing FTX, sushi has completely been dumped on, and looks like he's made his money.

 

[BackInTheGame78]

Who do you recommend? My friend got hacked using Coinbase. I am looking for websites, not apps.

I use Kucoin

 

[jaygreenb]

SBF reputation is going down the gutter. ppl are bashing FTX, sushi has completely been dumped on, and looks like he's made his money.

There is so much BS in this space, will be interesting to see what regulations do to clean some of it up. The new class of this year is going to learn some tough lessons we went through in 2018.

 

[oc16]

There is so much BS in this space, will be interesting to see what regulations do to clean some of it up. The new class of this year is going to learn some tough lessons we went through in 2018.

I went with Uphold.com and bought $100 worth of XRP

 

[BackInTheGame78]

I went with Uphold.com and bought $100 worth of XRP

SMH

 

[oc16]

SMH

I liked Upholds interface better than KuCoin

 

[jaygreenb]

I liked Upholds interface better than KuCoin

why xrp?

 

[BackInTheGame78]

I liked Upholds interface better than KuCoin

I'd prefer to know my funds are secure rather than having a nice interface but that's just me.

 

[BackInTheGame78]

Looking for a drop coming early in the week...weakest bounce ever took 7 days to go up 6K and get rejected at 39.5K then 38.5K.

 

[oc16]

why xrp?

My friend who does crypto told me to buy it