Crypto trading

[BackInTheGame78]

Nice work. Most new people in the market though end up chasing coins when they pump, that's initially what gets their attention then they wind up underwater went it corrects back. Just make sure you take profits on the small cap ones at some point, liquidity is an issue for getting out when people run for the exits on a large overall market correction. People are going to make a LOT of money over the next few months, just make sure you keep some of it.

Yeah, I used to do that...I am much more selective and patient now. Still probably not as patient as I should be at times, but locking up coins to stake has shown me that being patient usually beats most other strategies.

Definitely am planning to dump out at the tops of everything other than very long term projects I plan to hold and am staking(BLOK for a year, LIFE for a year, etc). Will wait to buy back cheaper and look to maybe even start working on leverage trades and shorting then.

 

[SargeMaximus]

If you are buying the bigger projects which are lower risk during a bull market you have to have a longer time frame. You aren't going to get the exponential gains for around 4 years. I would not try to time it, it doesn't behave like other assets. Just keep a long term time frame. Buying eth/btc now, very well could get another 3-5x in the next 6 months, but you will most likely lose a chunk of that when it corrects back to the trendline. You will however have your position to catch the entire next move up. Personally wouldn't try and chase the 100x small caps until you have your btc/eth positions. There will be a million other small caps to chase in the future but build a solid base first.

I’m up over 200% on some of my commodities. Crypto is the under performer for what I have access to so that’s my POV. I bought a bit of HUT. If bitcoin moons I now have exposure. If not, I can buy the dip when it corrects but not before. Meanwhile I’ll keep playing oil and such.

Did you know if you had bought SM energy last year at this time you’d have over 2000% (yes thousand)? It’s the only way to play if you can’t get the crypto before it moons

 

[BackInTheGame78]

I’m up over 200% on some of my commodities. Crypto is the under performer for what I have access to so that’s my POV. I bought a bit of HUT. If bitcoin moons I now have exposure. If not, I can buy the dip when it corrects but not before. Meanwhile I’ll keep playing oil and such.

Did you know if you had bought SM energy last year at this time you’d have over 2000% (yes thousand)? It’s the only way to play if you can’t get the crypto before it moons

Crypto hasn't mooned yet...at least not a lot of them. I have solid IDO and private sale projects that have gone 50x in under a week...I haven't sold any of those because they are likely going much higher and I am staking them.

Games, NFT and Metaverse projects are hot right now.

Interesting stuff on commodities...I might pick your brain on that once we run into a bear market in crypto!

 

[SargeMaximus]

Crypto hasn't mooned yet...at least not a lot of them. I have solid IDO and private sale projects that have gone 50x in under a week...I haven't sold any of those because they are likely going much higher and I am staking them.

Games, NFT and Metaverse projects are hot right now.

Interesting stuff on commodities...I might pick your brain on that once we run into a bear market in crypto!

Like I said, all that does me no good since I don’t have access to any of what you just mentioned.

Commodities are starting a super cycle. Next 5-10 years it should run so that’s all you need to know

 

[jaygreenb]

Like I said, all that does me no good since I don’t have access to any of what you just mentioned.

Commodities are starting a super cycle. Next 5-10 years it should run so that’s all you need to know

I actually really like commodities and think they will do really well this decade. They are pretty much the only asset class not overpriced right now. I plan on rotating a lot of BTC I have in a ROTH over to commodities when I think the crypto cycle is peaking. I do not think it is smart to ignore this new asset class though, tech networks grow exponentially and we are still very early in terms of adoption. While commodities will do well I do not believe they will keep up over a longer term. Both will have their periods of massive appreciation though. Your time horizon is too short with crypto, if you want the exponential returns who have to be patient. The crazy multiples usually come in 4-8yr period.

 

[SargeMaximus]

I actually really like commodities and think they will do really well this decade. They are pretty much the only asset class not overpriced right now. I plan on rotating a lot of BTC I have in a ROTH over to commodities when I think the crypto cycle is peaking. I do not think it is smart to ignore this new asset class though, tech networks grow exponentially and we are still very early in terms of adoption. While commodities will do well I do not believe they will keep up over a longer term. Both will have their periods of massive appreciation though. Your time horizon is too short with crypto, if you want the exponential returns who have to be patient. The crazy multiples usually come in 4-8yr period.

I think commodities will outperform tech

 

[jaygreenb]

Yeah, I used to do that...I am much more selective and patient now. Still probably not as patient as I should be at times, but locking up coins to stake has shown me that being patient usually beats most other strategies.

Definitely am planning to dump out at the tops of everything other than very long term projects I plan to hold and am staking(BLOK for a year, LIFE for a year, etc). Will wait to buy back cheaper and look to maybe even start working on leverage trades and shorting then.

Everyone does that at first, just the nature and psychology of it. Always pays to be patient and not chase, there is always another coin or opportunity. The trick is not being greedy when it is peak euphoria and feels like it will never end, you have to take profits, much harder said than done in the moment. It's good to get in that habit when individual coins run, that's what I usually do, on massive alt run Ill kick a percentage into btc/eth or another project I like that hasn't moved in a while. Has worked really well over the years for me

 

[jaygreenb]

I think commodities will outperform tech

Maybe the old guard of tech(facebook, google, amazon), you may be right. This ecosystem is different and very early in terms of adoption. Time will tell

 

[SargeMaximus]

Maybe the old guard of tech(facebook, google, amazon), you may be right. This ecosystem is different and very early in terms of adoption. Time will tell

I don’t believe the “this time it’s different” narrative. The tech bubble of the 90’s they were saying the same thing. All those computers and solar panels need commodities, which are finite.

 

[jaygreenb]

I don’t believe the “this time it’s different” narrative. The tech bubble of the 90’s they were saying the same thing. All those computers and solar panels need commodities, which are finite.

It's not that this time is different, it is that they are two completely different ecosystems/industries in terms of adoption. One has reached almost full penetration/adoption while the other is just the beginning(under 10% global) and will go through massive growth/adoption. I think both should be owned this decade, not either or. Tech networks eat every industry they touch ex(netflix, uber, google, amazon) because they are faster, cheaper, more efficient. Now it is happening to global finance, which by far has the largest potential market cap of them all. I don't think you realize what this really is yet, you should dig in more. Takes a while and a lot of hours to wrap your head around. Happy to give you some resources if interested.

 

[SargeMaximus]

It's not that this time is different, it is that they are two completely different ecosystems/industries in terms of adoption. One has reached almost full penetration/adoption while the other is just the beginning(under 10% global) and will go through massive growth/adoption. I think both should be owned this decade, not either or. Tech networks eat every industry they touch ex(netflix, uber, google, amazon) because they are faster, cheaper, more efficient. Now it is happening to global finance, which by far has the largest potential market cap of them all. I don't think you realize what this really is yet, you should dig in more. Takes a while and a lot of hours to wrap your head around. Happy to give you some resources if interested.

I watched tons of bitcoin things on YouTube back when I was a crypto nut. When I invest in bitcoin at 15k whenever that was. But I do believe with the recent institutional buying has left crypto vulnerable to manipulation. That’s the main reason I don’t trust it and also why I was able to sell just before it crashed earlier this year.

If my thesis is correct, I’d rather not be in it for much of my portfolio

 

[jaygreenb]

I watched tons of bitcoin things on YouTube back when I was a crypto nut. When I invest in bitcoin at 15k whenever that was. But I do believe with the recent institutional buying has left crypto vulnerable to manipulation. That’s the main reason I don’t trust it and also why I was able to sell just before it crashed earlier this year.

If my thesis is correct, I’d rather not be in it for much of my portfolio

To each their own, you have to do what you are comfortable with. I think you are looking at the wrong properties and indicators but only time will tell. Because institutions where late to the party they aren't the ones controlling the market. There is a massive wealth transfer happening before our eyes. Commodities should be a good place to be regardless though

 

[SargeMaximus]

To each their own, you have to do what you are comfortable with. I think you are looking at the wrong properties and indicators but only time will tell. Because institutions where late to the party they aren't the ones controlling the market. There is a massive wealth transfer happening before our eyes. Commodities should be a good place to be regardless though

Well if I had sold and it continues to moon I would have agreed with you. But I sold right before things tanked so I put some weight to my theory

 

[jaygreenb]

Well if I had sold and it continues to moon I would have agreed with you. But I sold right before things tanked so I put some weight to my theory

Your timeframes are way too short, market also has full recovered since its previous peak and from the looks of it is heading much higher. Nothing growing this quickly moves in a straight line

 

[SargeMaximus]

Your timeframes are way too short, market also has full recovered since its previous peak and from the looks of it is heading much higher. Nothing growing this quickly moves in a straight line

For sure. And don’t get me wrong I’d love to become a millionaire so I could buy more commodities! But I don’t have much access to crypto certainly not the new ones. Which cryptos would be good to invest $50 in and become a millionaire? Or is that too unrealistic?

 

[jaygreenb]

For sure. And don’t get me wrong I’d love to become a millionaire so I could buy more commodities! But I don’t have much access to crypto certainly not the new ones. Which cryptos would be good to invest $50 in and become a millionaire? Or is that too unrealistic?

50 into a million is unrealistic haha I have been doing this a while and have seen people who have done really well and also people who get blown out. I wouldn't chase the fast money, for every one person that hits it, there are a 1000 who don't. Being new you aren't going to have the knowledge and discipline on when to get in and out. Its really a crap shoot on what scam coin is going to get momentum too, better to just focus on what it legit. Play the long game, over this next decade this whole industry could easily 100x. There are very solid projects that over the long term will give you the 20-100x, it just takes time. Personally I believe we are entering the last leg of the bull market, which could go anywhere from 2-6 months before we get a large extended correction. The last leg is also the most parabolic. If I was in your shoes starting now is, I would make your initial buys and hold. Set a small weekly buy as well. If the market goes really parabolic sell some off but keep that money dedicated to be reinvested when there is a 50% + correction. The real money is made buying in the bear market. When we do enter the bear market really focus on getting as much capital in as possible. Do that and be consistent over time, you will make a lot of money. Just give it at minimum 4yrs+

 

[SargeMaximus]

50 into a million is unrealistic haha I have been doing this a while and have seen people who have done really well and also people who get blown out. I wouldn't chase the fast money, for every one person that hits it, there are a 1000 who don't. Being new you aren't going to have the knowledge and discipline on when to get in and out. Its really a crap shoot on what scam coin is going to get momentum too, better to just focus on what it legit. Play the long game, over this next decade this whole industry could easily 100x. There are very solid projects that over the long term will give you the 20-100x, it just takes time. Personally I believe we are entering the last leg of the bull market, which could go anywhere from 2-6 months before we get a large extended correction. The last leg is also the most parabolic. If I was in your shoes starting now is, I would make your initial buys and hold. Set a small weekly buy as well. If the market goes really parabolic sell some off but keep that money dedicated to be reinvested when there is a 50% + correction. The real money is made buying in the bear market. When we do enter the bear market really focus on getting as much capital in as possible. Do that and be consistent over time, you will make a lot of money. Just give it at minimum 4yrs+

Hmmm yeah that’s pretty much my plan although I plan to hold my HUT shares till bitcoin goes parabolic then sell and wait for the bottom (I know you can’t time it perfect but you can get close).

And yeah for sure I’m a long term investor that’s why I like commodities but I’ll take the parabolic bitcoin funds and put that into my commodities then we’ll see. I believe commodities will go at least 10x from here and a few of mine are already over 200%

 

[Reyaj]

50 into a million is unrealistic haha I have been doing this a while and have seen people who have done really well and also people who get blown out. I wouldn't chase the fast money, for every one person that hits it, there are a 1000 who don't. Being new you aren't going to have the knowledge and discipline on when to get in and out. Its really a crap shoot on what scam coin is going to get momentum too, better to just focus on what it legit. Play the long game, over this next decade this whole industry could easily 100x. There are very solid projects that over the long term will give you the 20-100x, it just takes time. Personally I believe we are entering the last leg of the bull market, which could go anywhere from 2-6 months before we get a large extended correction. The last leg is also the most parabolic. If I was in your shoes starting now is, I would make your initial buys and hold. Set a small weekly buy as well. If the market goes really parabolic sell some off but keep that money dedicated to be reinvested when there is a 50% + correction. The real money is made buying in the bear market. When we do enter the bear market really focus on getting as much capital in as possible. Do that and be consistent over time, you will make a lot of money. Just give it at minimum 4yrs+

So should we sell before the correction?

 

[BackInTheGame78]

So should we sell before the correction?

What correction are you talking about? Sell now at your own peril.

Fool's errand IMO, any dips are going to be short lived and followed by impulses higher that will run fast and hard.

 

[jaygreenb]

So should we sell before the correction?

Not now, think the market cap of crypto is about to go parabolic. It's really up to you if you want take some off the table at some point. If it gets overheated I will personally will take some off . Really have to just see how things play out but probably start evaluating in a few months, if I had the guess this next run gets the total crypto market cap to 7-10T. You also have to take in consideration taxes, if you are in California you are going to have a large tax bill selling/trading especially if it is considered short term gains. One thing I have done is set up a ROTH and hold crypto within it, so you can sell/trade without paying the cap gains. I have a good chunk in there