Crypto trading

[SargeMaximus]

No, that's not how markets work at all, there are many variables at play. Comparing a particular oil company to bitcoin in a short period of time is completely absurd. Wish you well though, good luck

Funny because everyone compares bitcoin (short timeframe) to gold (large timeframe) but when a guy like me compares a random oil company to bitcoin over a 12 month (small timeframe now?) it’s not the same.
I’ll tell you what, if bitcoin outperforms all the oil or uranium companies this cycle (5-10 years) I’ll rethink my thesis.

Is that a long enough time frame for you?

 

[BackInTheGame78]

According to your previous points you do not. Inflation does not only exist on the day manipulated CPI numbers are published. It happens in vectors and typically shows up in financial assets first then consumables. Your previous points were incorrect and you did not address anything I said. Sitting in only gold and not bitcoin over the next decade carries a lot of risk. Have at it if you want but this isn't an exact repeat of the 70s, some aspects relate but there are also similarities to many other periods in time.

Ironically, the fractals suggest Bitcoin is about to undergo the parabolic run that gold went on in the 70s...they overlap almost perfectly together when put on a chart.

 

[SargeMaximus]

Ironically, the fractals suggest Bitcoin is about to undergo the parabolic run that gold went on in the 70s...they overlap almost perfectly together when put on a chart.

If that happens I will definitely rethink my thesis

 

[jaygreenb]

Funny because everyone compares bitcoin (short timeframe) to gold (large timeframe) but when a guy like me compares a random oil company to bitcoin over a 12 month (small timeframe now?) it’s not the same.
I’ll tell you what, if bitcoin outperforms all the oil or uranium companies this cycle (5-10 years) I’ll rethink my thesis.

Is that a long enough time frame for you?

Moving the goal posts, but sure, why not.

 

[SargeMaximus]

Moving the goal posts, but sure, why not.

Lol 12 months is too short, 5 years is too long now? Tell you what, pick the time that bitcoin outperformed and we’ll use that. Lol you crack me up

 

[jaygreenb]

It went from bitcoin isn't a hedge to does it out perform Uranium stocks, you just jump all over the place. 10yrs is good, stick to that.

 

[BackInTheGame78]

Lol 12 months is too short, 5 years is too long now? Tell you what, pick the time that bitcoin outperformed and we’ll use that. Lol you crack me up

Bitcoin returns over a decade are 500,000+%
Gold returns over that same timeframe are -8%
Stock market returns are 280%

I mean I'm not sure how much time you need...,

 

[SargeMaximus]

Bitcoin returns over a decade are 500,000+%
Gold returns over that same timeframe are -8%
Stock market returns are 280%

I mean I'm not sure how much time you need...,

I’m talking about future performance. Not much I can do about missed gains.
My theory is that because of inflation, commodities like oil uranium and gold will outperform everything, including bitcoin. So let’s see.

We haven’t had inflation like we will, so the market conditions are different. And I think you can agree that different assets perform better in different market conditions.


@jaygreenb
Yes because oil and uranium will outperform due to inflation. Try and keep up

 

[jaygreenb]

I’m talking about future performance. Not much I can do about missed gains.
My theory is that because of inflation, commodities like oil uranium and gold will outperform everything, including bitcoin. So let’s see.

We haven’t had inflation like we will, so the market conditions are different. And I think you can agree that different assets perform better in different market conditions.




@jaygreenb
Yes because oil and uranium will outperform due to inflation. Try and keep up

I actually own and like a lot of those this decade, it's not either or, should own them all. Poor risk management to only be in one. Don't think they are outperforming bitcoin over the next decade though, so sure why not.

 

[DEEZEDBRAH]

Gold is up around 7% in the last week , the markets have been sleeping on it because it's out of fashion

Crypto is in fashion and the easiest way for bitcoin spin doctors to warrant it's price is to say its a hedge against inflation

Is it really though ? i struggle to see how anything without a fixed economical demand can be a hedge

I ask again why do i need bitcoin ? , because some guy down the street has some and thinks its going to be the next big thing ? eh ? who cares its not going to keep me awake at night i can live my life exactly the same with or without bitcoin

Remember bitcoin has zero recognition in any first world financial or economical framework ......it's just kind of there with govs almost saying yea whatever we ain't taking responsibility if it goes tits up

@BackInTheGame78 said it best already. This is the greatest redistribution of wealth transformation. We got morons printing TRILLIONS. Liars that were saying no inflation or very little until most recently. What is the price of gas? Food? It's more than double what they are now saying it is.

If you bought Sol at the start of last year, you accumulated life changing wealth. Something gold isn't doing anywhere near as much as crypto. Yes, there are a lot of fraud in the world of crypto. Do your own research.

But do your thing. More crypto for me. Same with dudes not approaching but bitching about not getting laid. More girls for me lulz!

 

[DEEZEDBRAH]

Ironically, the fractals suggest Bitcoin is about to undergo the parabolic run that gold went on in the 70s...they overlap almost perfectly together when put on a chart.

Curious what your play is right now? I intend to go full degen on the next dip. I see more ROI in other projects. Then again, I have been accumulating for years. I really think that the market is going to be different from previous cycles. More whale games. Tbh I really think eth is going to go the **** off. I think Sol is going run though I suspect there's manipulation at hand. I think meta verse among other projects are still purely speculation but worthy of a small investment.

I agree with you on the parabolic run up but I think other plays can run up 5x or more. One of my mates cashed in big on meme coins.

 

[BackInTheGame78]

Curious what your play is right now? I intend to go full degen on the next dip. I see more ROI in other projects. Then again, I have been accumulating for years. I really think that the market is going to be different from previous cycles. More whale games. Tbh I really think eth is going to go the **** off. I think Sol is going run though I suspect there's manipulation at hand. I think meta verse among other projects are still purely speculation but worthy of a small investment.

I agree with you on the parabolic run up but I think other plays can run up 5x or more. One of my mates cashed in big on meme coins.

I am heavy into alts right now, earning a little over 11K a month staking alone...

Have some large positions in Metaverse/game/NFT tokens such as BLOK, ROCO and PKR.

Bought 60K worth of DOT for the crowdloans in the parachain auctions for Moonbeam and Acara.

ETH will definitely go off... burning billions of dollars worth and becoming more and more scarce.

Bought a large bag of LUNA as they are about to burn 4.5 billion worth to fund a huge insurance Blockchain project coming onboard called Ozone.

I have done exceptionally well with IDOs on AvaLaunch and BSCStation. Projects usually go 5-50+x and the tokens I am holding for those launchpads have gone 2-3x also...win win for me on those.

Also new strategy that has really paid off is buying Kucoin gems early on and watching them go 5-6x or more...

KDA, XCUR, LSS, BLOK, etc...

Current ones I bought in heavy early on the dips were FTG and CERE.

 

[Raasay]

You are cheating on yourself, in hindsight everyone knows what would have been right... If you are really interested in a solid approach, read scientific research about financial markets, the topic is old, well researched, there were even Nobel prizes about it. I personally don't see how the laws of any financial market shouldn't apply to Crypto trading and if they do, Crypto charts are as stock charts 100% random in terms of forecasting, no one can ever know how they will move in the future - that is the latest scientific insight I have about this matter.

If you do what you outlined in your first post, that is simply gambling, can go well, can make you rich or you lose a lot of money.

 

[BackInTheGame78]

You are cheating on yourself, in hindsight everyone knows what would have been right... If you are really interested in a solid approach, read scientific research about financial markets, the topic is old, well researched, there were even Nobel prizes about it. I personally don't see how the laws of any financial market shouldn't apply to Crypto trading and if they do, Crypto charts are as stock charts 100% random in terms of forecasting, no one can ever know how they will move in the future - that is the latest scientific insight I have about this matter.

If you do what you outlined in your first post, that is simply gambling, can go well, can make you rich or you lose a lot of money.

Nobody can know for sure but you can tilt the odds significantly in your favor if you understand chart patterns, TA, on chain metrics and supply/demand zones.

Also...crypto markets definitely follow the same rules but not in the same way...which is why stock traders tend to not do well...they try and apply the rules in the same way to crypto and it doesn't usually work well

 

[BackInTheGame78]

@BackInTheGame78 said it best already. This is the greatest redistribution of wealth transformation. We got morons printing TRILLIONS. Liars that were saying no inflation or very little until most recently. What is the price of gas? Food? It's more than double what they are now saying it is.

If you bought Sol at the start of last year, you accumulated life changing wealth. Something gold isn't doing anywhere near as much as crypto. Yes, there are a lot of fraud in the world of crypto. Do your own research.

But do your thing. More crypto for me. Same with dudes not approaching but bitching about not getting laid. More girls for me lulz!

I bought SOL at $25...pissed that I didn't hold onto it longer before selling and then rebuying the dip at $136.

My patience has gotten much better and it's paying off huge dividends

 

[Raasay]

Nobody can know for sure but you can tilt the odds significantly in your favor if you understand chart patterns, TA, on chain metrics and supply/demand zones.

Afaik this is bogus, it has never been scientifically proven. But I'm not talking into your business, do whatever is right for you.

Also...crypto markets definitely follow the same rules but not in the same way...which is why stock traders tend to not do well...they try and apply the rules in the same way to crypto and it doesn't usually work well

Can't say much about Crypto markets... well stock traders also don't do well on regular financial markets simply because stock charts are as said 100% random and for stock markets there is tons of scientific research that prove this point. What they do is either financial services for people who don't want to do it themselves, betraying people by pretending to know things they can't even know, or using insider knowledge to make trades before the markets is aware of this information which is illegal of course but still does happen all the time.

 

[BackInTheGame78]

Afaik this is bogus, it has never been scientifically proven. But I'm not talking into your business, do whatever is right for you.



Can't say much about Crypto markets... well stock traders also don't do well on regular financial markets simply because stock charts are as said 100% random and for stock markets there is tons of scientific research that prove this point. What they do is either financial services for people who don't want to do it themselves, betraying people by pretending to know things they can't even know, or using insider knowledge to make trades before the markets is aware of this information which is illegal of course but still does happen all the time.

Check my bank account. And many others. All the"proof" you need. I operate in results not scientific proof. Unless we are talking about something scientific.

I'll be permanently retired within 6 months using my methods. I'll let you go find your "proof".

 

[Raasay]

that is simply gambling, can go well, can make you rich

But I'm not talking into your business, do whatever is right for you.

 

[BackInTheGame78]

It's not gambling but you can stick to your wrong hypothesis if you'd like. You'll just be another one wondering how all these people did it...

 

[BackInTheGame78]

You want to bet against this happening again? I probably wouldn't but hey...do what you want.

https://twitter.com/i/web/status/1460013277073788928