Thanks for the lead homey. And yea he went on a bit with that apology lol. Wonder if Elon would oversee crypto before anyone in Trumps administration?
Official BGOL Crypto Currency Thread ★★★★★
- Thread starter Matt Beesy
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Thanks for the lead homey. And yea he went on a bit with that apology lol. Wonder if Elon would oversee crypto before anyone in Trumps administration?
as someone who has made a lot of money from crypto
understand that this is gambling
know this and know peace
What’s your strategy on selling? I’ve seen these runs before and it quickly going back down. I’ve seen times where it explodes upwards and then mysteriously drops below my average price and then explode the next day when I wake up. I can’t stomach the volatility nor am I watching all the time.
I own about $2k worth of ETH and have no clue what to do.
Hold for 10 years...
Listen up, most of us in this thread were clueless about this new market and investing. If we had been informed, we would have held onto ETH when its value was $7.00, and it would have outperformed Bitcoin significantly. Let me put this into perspective. On January 5, 2017, Bitcoin was worth around $850. If you had invested $9,000 in Bitcoin, you would have received approximately 11 coins, which are now valued at approximately $1 million. In contrast, the same investment in Ethereum would have yielded 1,285 tokens, which are currently worth around $4.2 million.
When I say “hold for 10 years,” I’m specifically referring to Bitcoin and Ethereum. I can’t really speak for the rest of the market. Litecoin might be a good option if you’re willing to take a risk.
I have a couple of different strategies I use...one is during a bull run and the other is just normal day to day. The normal day to day is the one I obviously use most often. I have a coin, mine is XRP, that Ive essentially been following for years. So I have an somewhat of an idea of where its trading price fluctuates. So what I do is when it gets to around what has been its highest point, I sell. Then I just wait for it to inevitably drop to somewhere around what is typically its lowest price then I buy back repeat the process. For the most part, this strategy for me is a lot less tumultuous and therefore less stressful. In the event you lose, odds are, barring a general crypto crash altogether, you won't lose big because you're basing your buying and selling on the historical pricing of the coin. The problem with this strategy especially now is that my gains can be incredibly small, sometimes only 1 to 2%, because XRP is a pretty stable coin compared to many other coins. Therefore, there's not a whole lot of volatility as it relates to its daily gains and losses.
During runs such as this, I am constantly checking for which coins are tracking as top gainers. Once I identify a coin, I take a look at to see if its price is still close to its high or not. If a coin is still relatively at its highest I then check to see how long it's been on a run. If its only been a couple maybe three hour run I will buy into it. Most runs last for a few up to several hours, so coming in during the first couple of hours of a run isn't necessarily much of a risk. I then try to wait for the high price to dip a little and when that happens I buy in. The hard part is knowing from that point when to sell. I used to give myself a hard cap and as a rule I would sell after a 5% gain if a coin doesn't have a lot of trading activity and 10% for those coins that are trading really heavy. The ball buster is that u can have a coin that you've literally watched for anywhere from 10 mins to an hour slowly move up to your target price then all of a sudden the bottom falls out and the coin loses all those gains in a little over a minute. At that point is where the discipline starts. Most people panic sell at this point. But I have found that because of what time I actually entered the buying process of the coin, the odds are with me that I didn't buy in at the all time high. Generally, after the loss the market will reverse and the value will go back up allowing you to eventually realize a net gain.....
I hope this helps and for anyone else I'd be interested in knowing some of the strategies other brothas on the board use when buying and selling....
if you can get in early, hold. but also, money is there to be made once you understand buying high and selling low. every gain doesnt have to be big money. my goal is to make some money, every day.
not trynna get all up in ya bizness, but for continued motivation for someone such as myself and has a long way to hit that goal.....are you close?
More than 25% less than 50%.
Had I not invested heavily in stocks when BTC hit $3000 back in 2020, my crypto portfolio would have been sitting at least $3-5 million by now.
dizzzam!!!! Thanks for the feedback
good shit
Anyone up with those BULLSHIT MEMECOINS that was posted in this thread I'm asking for a quick laugh
Chuckles… only a fool would have followed that advice.
Here’s Brian Armstrong on Squawk Box.
I’m not suggesting that this will 50x 0r 10x, but it’s worth considering, especially if the market capitalization decreases by 60%. The only concern I have is that Ian Balina is hyping this project.
PEAQ is a Web3 platform built for the Internet of Things (IoT) that leverages the Polkadot blockchain, enabling the creation of decentralized infrastructure networks (DePINs). It supports the development of decentralized apps for intelligent devices like robots and vehicles, giving users control over and benefits from connected devices, driving the evolution of the IoT economy in the Web3 era
white paper
docs.peaq.network
www.peaq.network
PEAQ is a Web3 platform built for the Internet of Things (IoT) that leverages the Polkadot blockchain, enabling the creation of decentralized infrastructure networks (DePINs). It supports the development of decentralized apps for intelligent devices like robots and vehicles, giving users control over and benefits from connected devices, driving the evolution of the IoT economy in the Web3 era
white paper
What is peaq | peaq
peaq is a Layer 1 blockchain purposely built and optimized for DePINs (Decentralized Physical Infrastructure Networks) and Machine RWAs (Real World Assets). Leveraging parallelized block production, asynchronous backing and agile core time, the network is capable of scaling to 10,000 TPS...
peaq | Powering DePIN and the Machine Economy
peaq is the layer-1 blockchain powering the Machine Economy, made up of real-world Web3 apps (DePINs) and the millions of devices that run on them.
www.peaq.network
Start trading on Coinbase using this link and get $30 in BTC.
Coinbase is a secure online platform for buying, selling, transferring, and storing cryptocurrency.
coinbase.com
Anyone heard of Snek? Its a Cardano meme token. Spent 400 on it about 8 months ago. its now 2k and rising.
coinmarketcap.com
Snek price today, SNEK to USD live price, marketcap and chart | CoinMarketCap
The live Snek price today is $0.004187 USD with a 24-hour trading volume of $7,309,676.20 USD. We update our SNEK to USD price in real-time.
coinmarketcap.com
THIS!!!
You must be a fellow XRP holder? I hav some Flare from my XRP purchase. Gonna buy more because they say it's integral in potentially multiplying XRP investments. Gonna buy my Flare because of that alone. I cant wait on XRP to do what it's going to do. I've been holding some since it's ATH. Retribution!! LOL!!!!
I've been loading my Velo bags too. It's my sleeper pick for the cycle. I have my flare from my XRP bags as well. I get about 3k flare per month from the distribution from being a XRP holder and about a 1k from staking rewards per month. When F-Assets on flare comes out and you can get passive income from tokens like XRP, XLM, Doge, etc, I think the price of flare is really going to take off.
I think the insiders have crowned Sui as the king for this cycle. I can see a 5x from here. 50 billion Mrkt cap.
Most definitely. It has all the momentum from the usual suspects. I looked at it at $1.85 but my cash wasn't where it needed to be to make a significant investment so I had to pass.
Damn, I hate you missed it.
This kid just made lifelong enemies and he's doxxed
Campaign promise kept GTFO Gary
He was gone anyway.
He was a dead man walking
Most likely he created the token and dumped when everyone bought into it, this is what 99% of meme coins do it's unavoidable
And that is why you stay away from that bullshit
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