Crypto trading

[BackInTheGame78]

Pure hype with zero fundamentals.

Sounds like your posts

 

[wifehunter]

Sounds like your posts

You don't know Bitcoin?

Silly me, I assumed you did.

 

[jaygreenb]

Who is planning to hold when the market dumps? Why would anyone even hold BTC when it goes from 180K or whatever the top is down to 60K? Makes no sense.

I don't care what an alt is going to do 6 years from now. I care what it will do 3 months from now. And there will be a whole lot of them that outperform BTC

To be fair, there are several reasons not to sell your entire position. First the tax implications, depending on the state and whether long or short term gains, you can pay anywhere from 30-40% in taxes. Then you have to take into consideration that what if there is a shorter/more shallow correction and you wait too long and don't actually catch the bottom. For example you are waiting for 60 and it only goes too 90. Very possible if you are looking at a supercycle and with current inflation. A lot of mass adoption/inflation variables plus it is actually really hard to call tops and bottoms. Nobody who is honest gets both sides perfectly, the highs and lows are very short windows of time. If you have long term conviction this is going anywhere from 500k-10M, you are essentially trying to thread a needle, taking on massive risk, and the majority of people are nowhere skilled enough to actually come out ahead in the end, most likely they will have a large tax bill and less bitcoin. This market very rarely does what everyone is expecting. Nothing wrong with taking profits and rebalancing to other assets but can assure you most people will lose trying to time the market. Unless you are a very skilled trader who is committed to this full time most aren't going to have the skill and emotional discipline to make that work in their favor. Max pain is having a winning lottery ticket and screwing it up. Just my 2 cents.

 

[Bingo-Player]

Can anyone explain to me what the scene is doing about these gas fees / TPS

Eth is interesting me as i can see now it does have application in smart contracts but i am concerned about the above ?

what can be done @BackInTheGame78 @jaygreenb

 

[BackInTheGame78]

Can anyone explain to me what the scene is doing about these gas fees / TPS

Eth is interesting me as i can see now it does have application in smart contracts but i am concerned about the above ?

what can be done @BackInTheGame78 @jaygreenb

1) Trade on CEX's and not DEX's, which would avoid gas fees.

2) Don't trade ERC-20 tokens on DEX's. Pretty much every other chain has gas fees that are much much lower.

 

[Bingo-Player]

1) Trade on CEX's and not DEX's, which would avoid gas fees.

2) Don't trade ERC-20 tokens on DEX's. Pretty much every other chain has gas fees that are much much lower.

Can you elaborate on CEX & DEX ?

 

[BackInTheGame78]

Can you elaborate on CEX & DEX ?

CEX = Centralized Exchange...Coinbase, Kucoin, Binance, etc...

DEX = Decentralized Exchange...Uniswap, PancakeSwap, Raydium, etc...

DEX work via gas fees.
CEX work via trading fees.

 

[Reyaj]

Looks like BTC and ETH are down pretty significantly today.. what caused it?

 

[SargeMaximus]

Looks like BTC and ETH are down pretty significantly today.. what caused it?

People waking up I hope

 

[DEEZEDBRAH]

Most of the people I follow are on twitter and youtube, there are a lot of them but here is some of what I do

Subscription at Real Vision Finance, good for overall macro info and how crypto ties into it. Believe the crypto channel portion is free

Subscribe to this substack, https://bowtiedbull.substack.com/ these guys have been so on point and make several posts a week about everything going on in the market since it moves so fast. Well worth the $100yr they have one specifically focused on DEFI too, haven't had the time to really dig into that though

Francis Hunt, has two channels, market sniper and crypto sniper, On both youtube and twitter. Puts out a lot of good content on big macro picture and short term trading.

Listen to a lot of podcasts throughout the week too What bitcoin did, Investors podcast, Tim Ferris, All-In

Some good follows and interviews to watch with Jeff Booth, Balaji Srinivasan, Dan Tapeiro, Raoul Paul, Pomp, Lyn Alden, Will Clement, Willy Woo

I pull pieces of info from a lot of people. I have found that the Macro Investment guys who have been in crypto for 4yrs+ give the best big picture perspectives. Crypto only guys, are missing a lot of pieces. Also have to have the experience of all parts of the 4yr cycle.

I saw Raul Paul and James invest answers interview. Was solid. James been pushing SO from Go. Far too many fraud channels and jargon online. It's hard to soft through the rubbish and find gems.

I'm enjoying the decline and I would welcome a 24k USD btc. Go to 0. I will just buy more. Can easily see a 85% correction. Equities are getting wrecked too.

Thanks for the tips.

 

[DEEZEDBRAH]

To be fair, there are several reasons not to sell your entire position. First the tax implications, depending on the state and whether long or short term gains, you can pay anywhere from 30-40% in taxes. Then you have to take into consideration that what if there is a shorter/more shallow correction and you wait too long and don't actually catch the bottom. For example you are waiting for 60 and it only goes too 90. Very possible if you are looking at a supercycle and with current inflation. A lot of mass adoption/inflation variables plus it is actually really hard to call tops and bottoms. Nobody who is honest gets both sides perfectly, the highs and lows are very short windows of time. If you have long term conviction this is going anywhere from 500k-10M, you are essentially trying to thread a needle, taking on massive risk, and the majority of people are nowhere skilled enough to actually come out ahead in the end, most likely they will have a large tax bill and less bitcoin. This market very rarely does what everyone is expecting. Nothing wrong with taking profits and rebalancing to other assets but can assure you most people will lose trying to time the market. Unless you are a very skilled trader who is committed to this full time most aren't going to have the skill and emotional discipline to make that work in their favor. Max pain is having a winning lottery ticket and screwing it up. Just my 2 cents.

+1

Not a trader. There's positions I just hold regardless. Got powder on the side waiting for the bottom to fall out.

I'm willing to part with much of my portfolio but there's positions I won't touch like btc. You can't touch your pension. I treat it accordingly.

If I am in a position where something goofs I hold and await a time to move out of that position it runs.

Enjoy the decline fellas. It's going to kick back in parabolic fashion. DE-GEN buys on the dip. It's definitely not bottom yet. Not nearly.

 

[zinc4]

+1

Not a trader. There's positions I just hold regardless. Got powder on the side waiting for the bottom to fall out.

I'm willing to part with much of my portfolio but there's positions I won't touch like btc. You can't touch your pension. I treat it accordingly.

If I am in a position where something goofs I hold and await a time to move out of that position it runs.

Enjoy the decline fellas. It's going to kick back in parabolic fashion. DE-GEN buys on the dip. It's definitely not bottom yet. Not nearly.

Ethereum is moving up against Bitcoin quickly. As long as eth keeps pumping or even holding stable, alt season is on. I noticed 1.5 billion tether was printed as well today. I bet the market bounces hard on monday. Seen this **** a million times. So much greedy manipulation going on as usual.

 

[jaygreenb]

I saw Raul Paul and James invest answers interview. Was solid. James been pushing SO from Go. Far too many fraud channels and jargon online. It's hard to soft through the rubbish and find gems.

I'm enjoying the decline and I would welcome a 24k USD btc. Go to 0. I will just buy more. Can easily see a 85% correction. Equities are getting wrecked too.

Thanks for the tips.

I actually really like his interviews too, he has had a lot of great guests on lately. There is a lot of bad info you have to filter through to find some of the gems. A lot of these new influencers are going to lead their followers to ruin and shouldn't be giving financial advice. Anything is possible in terms of a correction, will take whatever the market gives me. This market always catches the majority offsides, pretty incredible how reliable that is. If it continues to drop I'll start buying, if my higher risk alts pump I'll sell some off. It is a lot easier to ride it out if you have long term conviction in your core positions. At some point most of retail in only these meme and low cap coins is going to get absolutely destroyed.

 

[SargeMaximus]

Why isnt bitcoin recovering is my question

 

[zinc4]

Why isnt bitcoin recovering is my question

Its Saturday. Never recovers from big dumps until beginning on the work week. Keep an eye on ethereum though. It's chart is resembling bitcoins from 2013. Alt market is strongly dependent upon ethereum.

 

[BackInTheGame78]

Why isnt bitcoin recovering is my question

6pm Saturday ET is a key time to watch

 

[SargeMaximus]

6pm Saturday ET is a key time to watch

What happened at 6?

 

[zinc4]

If you guys want to get wealthy fast this year load a lot of money into real metaverse projects. There is a reason facebook is spending all its resources on theirs. A real Metaverse will basically be able to put people into online worlds sooner than.most think. The tech is advancing rapidly.

One monster of a project that has been building a metaverse for the last 6 years quietly is called NEOs VR. They are even rumored to be working with facebook for its metaverse. Or maybe facebook is using NEO's metaverse? Not sure. Just a rumor but they are definitely building a monster tech wise. Its utility token tag is $NCR.

The mcap is still relatively low compared to other metaverse projects but the idea as always is to find something like NCR as early as possible. Even piece of junk super low cap metaverse projects will rip off huge gains. Im sure there are some good cheap ones though as well.

Alts tend to move in trends. The latest dog token mania was a good example. I know people who made millions of dollars in weeks off of pure ****coin dog projects.

It was NFT projects right before that, big data projects before that and masternode projects back in 2016 ha. If you can spot these alt pump trends and buy them up early for dirt cheap you can make massive Xs and fast.

 

[DEEZEDBRAH]

Ethereum is moving up against Bitcoin quickly. As long as eth keeps pumping or even holding stable, alt season is on. I noticed 1.5 billion tether was printed as well today. I bet the market bounces hard on monday. Seen this **** a million times. So much greedy manipulation going on as usual.

Teether needs to be wrecked by SEC. No fan of xrp but how isn't teether under scrutiny? I am bullish of eth and btc. I am OK gambling on a few but I agree with you on large cap.

 

[DEEZEDBRAH]

If you guys want to get wealthy fast this year load a lot of money into real metaverse projects. There is a reason facebook is spending all its resources on theirs. A real Metaverse will basically be able to put people into online worlds sooner than.most think. The tech is advancing rapidly.

One monster of a project that has been building a metaverse for the last 6 years quietly is called NEOs VR. They are even rumored to be working with facebook for its metaverse. Or maybe facebook is using NEO's metaverse? Not sure. Just a rumor but they are definitely building a monster tech wise. Its utility token tag is $NCR.

The mcap is still relatively low compared to other metaverse projects but the idea as always is to find something like NCR as early as possible. Even piece of junk super low cap metaverse projects will rip off huge gains. Im sure there are some good cheap ones though as well.

Alts tend to move in trends. The latest dog token mania was a good example. I know people who made millions of dollars in weeks off of pure ****coin dog projects.

It was NFT projects right before that, big data projects before that and masternode projects back in 2016 ha. If you can spot these alt pump trends and buy them up early for dirt cheap you can make massive Xs and fast.

Fb puts off a lot of people. The big up sell for Web 3 and metaverse is about privacy. Fb is in the business of breaching. Btc billionaire pretty much broke down that breach. Also champions the twins.

Anybody who bought before Fb announced meta is in the green. I just don't know how to evaluate the worth. Tokinomics for most is rubbish but again I am uncertaint how to value these projects.