Cryptocurrency - a few tips from an old hand

[My2Cents]

Oh, look who's back!

Well rested lil guy? Early morning coffee got you all pumped up to start posting?
Good.

As I explained to you several times, I called your coins shitcoins because you presented them with ZERO research or facts indicating WHY they were good choices.

See? I'm pretty consistent in my approach. And agree with your position on Ethos, if you haven't looked into it you reserve your opinions, I like that.

Did you sleep well?

Your arrogance is truly of the charts, so good luck with your spreadsheet and your day job. If you were in the ETH and NEO ICO, and therefore that early in the game, you should be financially independent. Are you?

My guess is you are not and that mean you FUCKED UP BIG TIME.


Maybe if you haven't looked into the projects I mentioned you should reserve you opinions as well?

Matrix, CPChain and Zebi all have got killer teams, and CPChain is even working together with your precious VEN (and Metaverse/ QTUM). The guy behind CPChain has several Iot patents and CPC is developing something specific for Vechain: https://socialcoinnews.com/2018/01/...is-developing-something-specific-for-vechain/

That's it for my contribution to your circle jerk thread. Enjoy putting people who have a different opinion than you down.

 

[RagingBeringola]

Not sure why you people have to argue about the issue. Maybe Nik123 drank a bad beer or something.

I can understand the "don't throw coin names without explaining why", but not this increasing rage between 2 different camps. Peace. i actually enjoy reading all opinions and hints, be it from the most positive to the most pessimistic.

I'll try to check during the weekend about those CPChain and other zebras. I don't have much "playmoney", but I'm a curious animal that wants to try this cryptoride.

 

[Nik123]

Your arrogance is truly of the charts, so good luck with your spreadsheet and your day job. If you were in the ETH and NEO ICO, and therefore that early in the game, you should be financially independent. Are you?

My guess is you are not and that mean you FUCKED UP BIG TIME.


Maybe if you haven't looked into the projects I mentioned you should reserve you opinions as well?

Matrix, CPChain and Zebi all have got killer teams, and CPChain is even working together with your precious VEN (and Metaverse/ QTUM). The guy behind CPChain has several Iot patents and CPC is developing something specific for Vechain: https://socialcoinnews.com/2018/01/...is-developing-something-specific-for-vechain/

That's it for my contribution to your circle jerk thread. Enjoy putting people who have a different opinion than you down.

Did you sleep well though 2Cents? You keep saying this is your 'last contribution' but keep coming back.

Admit it, I turn you on subliminally...

 

[Nik123]

Not sure why you people have to argue about the issue. Maybe Nik123 drank a bad beer or something.

I can understand the "don't throw coin names without explaining why", but not this increasing rage between 2 different camps. Peace. i actually enjoy reading all opinions and hints, be it from the most positive to the most pessimistic.

I'll try to check during the weekend about those CPChain and other zebras. I don't have much "playmoney", but I'm a curious animal that wants to try this cryptoride.

Agreed, I probably was overly harsh on 2Cents, making my point a little heavily, but it's a point that needs to be made as people spew too many opinions as 'facts' lazily/arrogantly without saying WHY. He learned his lesson though, he is now providing a bit of evidence/background behind his picks. Which is great. There are far worse posters out there (like mr.biggles-fart), the type that shout 'scam' about projects and then when confronted have absolutely nothing backing up their loud opinions.

Hey 2Cents, I apologise buddy, no hard feelings ok - can we be friends ; )

Now back to the discourse!

 

[Nik123]

In other news, market downturn seems to be abating a little, but there is a HUGE amount of market manipulation going on in my opinion, both through whales and trading bots. Then you have the annoying development of Bitcoin CME Futures expiring monthly, but the counter point to this is they have relatively limited volume.

In a rational market, the positive mood music from the SEC hearing should have really provided a steady mid-term boost - but markets are anything but 'rational'.

 

[My2Cents]

Not sure why you people have to argue about the issue. Maybe Nik123 drank a bad beer or something.

I can understand the "don't throw coin names without explaining why", but not this increasing rage between 2 different camps. Peace. i actually enjoy reading all opinions and hints, be it from the most positive to the most pessimistic.

I'll try to check during the weekend about those CPChain and other zebras. I don't have much "playmoney", but I'm a curious animal that wants to try this cryptoride.

Sure, check them out and if you like them invest (what you can miss, because all crypto is still high risk).

One other coin that should be in your portfolio imo is ICON (ICX). Soon ICO's will take place on that platform and I expect big things from them. Very solid team from Korea and the Koreans are not able to invest in this coin yet.... When they are able to invest, expect a huge price jump.

ICX is now at 4 USD

 

[Cool Hand Luke]

I can understand the "don't throw coin names without explaining why", but not this increasing rage between 2 different camps. Peace. i actually enjoy reading all opinions and hints, be it from the most positive to the most pessimistic.

because people follow such things like die hard sports fan. the other team is automatically a bunch of assholes and completely wrong no matter what the facts are. there is only left or right, no middle ground.

 

[SwamiLeoni]

because people follow such things like die hard sports fan. the other team is automatically a bunch of assholes and completely wrong no matter what the facts are. there is only left or right, no middle ground.

So true, especially with these types of investments. That’s exactly why I stopped following this thread. After I read those personal attacks I bailed. It’s extremely childish and petty.

 

[Nik123]

The SEC continue their soft touch messaging and guidance around educating the public on cryptocurrency investments, and the general tone sounds fairly collaborative.

I think both the SEC and CFTC are on-side, and this is a key positive in the regulatory landscape over the next year..

https://cointelegraph.com/news/sec-...tion-dont-flip-a-coin-over-crypto-investments

 

[Which Doctor]

I'm looking at a lot of future bum fight contenders, and it makes me happy.

 

[Nik123]

I'm looking at a lot of future bum fight contenders, and it makes me happy.

Hah! As for all the contenders, everyone is entitled to a bad day/fiesty mood once in a while. Nobody should be getting on their high horse of self-righteousness.

 

[Hog-train]

By the time everybody in this thread have heard about these projects, the value increase has ALREADY BEEN PRICED IN.

You're hearing about in on Sherdog for goddsakes. It's equivalent to hearing stock tips on CNBC. TOO LATE.

It's like CNBC was telling everyone to buy Ripple at $3.70. Yea that's when all the mom and pop suckers bought in and the whales sold to all the suckers.

If you go on Crypto forums and such, people start buying on just rumors. When it finally hits the news (or people post on Sherdog,) they're already selling.

And all these youtube channels with titles like "Best Alt Coins for 2018 100X increase!!" are complete horseshit. They're shilling.

And a lot of them have no f-ing idea WTF they are talking about.

Over 90% of all Alt Coins will FAIL and will be worth zero. Most do not even have a working product.

 

[Nik123]

By the time everybody in this thread have heard about these projects, the value increase has ALREADY BEEN PRICED IN.

You're hearing about in on Sherdog for goddsakes. It's equivalent to hearing stock tips on CNBC. TOO LATE.

It's like CNBC was telling everyone to buy Ripple at $3.70. Yea that's when all the mom and pop suckers bought in and the whales sold to all the suckers.

If you go on Crypto forums and such, people start buying on just rumors. When it finally hits the news (or people post on Sherdog,) they're already selling.

And all these youtube channels with titles like "Best Alt Coins for 2018 100X increase!!" are complete horseshit. They are shilling.

And a lot of them have no f-ing idea WTF they are talking about.

Over 90% of all Alt Coins will FAIL and will be worth zero. Most do not even have a working product.

Fair points.

If you look at some of the prices in my OP (which in my view are solid picks, esp ETHOS, POWR, and AGI) - prices went up exponentially since my first post.

They have come back down at the moment in the midst of the bear market, but within any crypto market (bull or bear) you have 'buy the rumour, sell the news' sub-cycles.

The whole point of my OP is to educate people on how to invest in this space, given the risks. And the best strategy, as long as you are investing with 'play money', is to hold onto coins/tokens/projects that have good fundamentals - and find a decent entry price to get into them.

Taking Ethos as an example, I first suggested getting into it slightly over $1. It went up to $11 over a few weeks. It is now sitting at about $3.30 or so, because the entire market is in a downturn. That for me, is a good entry point...IF, you have done your due diligence and understand what you are investing in.

 

[Hog-train]

Fair points.

If you look at some of the prices in my OP (which in my view are solid picks, esp ETHOS, POWR, and AGI) - prices went up exponentially since my first post.

They have come back down at the moment in the midst of the bear market, but within any crypto market (bull or bear) you have 'buy the rumour, sell the news' sub-cycles.

The whole point of my OP is to educate people on how to invest in this space, given the risks. And the best strategy, as long as you are investing with 'play money', is to hold onto coins/tokens/projects that have good fundamentals - and find a decent entry price to get into them.

Taking Ethos as an example, I first suggested getting into it slightly over $1. It went up to $11 over a few weeks. It is now sitting at about $3.30 or so, because the entire market is in a downturn. That for me, is a good entry point...IF, you have done your due diligence and understand what you are investing in.

If someone wants to just HODL long term (and I mean few months AT LEAST), then fine - they can just go pick a project with a solid team, good white paper and good fundamentals with an already working product or solids laid out plans for a working product.

But if they are hoping to "strike it rich" real quick 10X 20x! etc. They are going to be disappointed and probably lose money. All those 10x, 20x gains have already happened.

When they finally do hear about it, they are buying at the top - precisely when the coin is due for a correction.

All the massive gains happens when people find projects before the ICO and/or soon after. Not AFTER, it has already exploded and people are shilling it on youtube.

These youtube crypto people are complete garbage most of them.

 

[Nik123]

If someone wants to just HODL long term (and I mean few months AT LEAST), then fine - they can just go pick a project with a solid team, good white paper and good fundamentals with an already working product or solids laid out plans for a working product.

But if they are hoping to "strike it rich" real quick 10X 20x! etc. They are going to be disappointed and probably lose money. All those 10x, 20x gains have already happened.

When they finally do hear about it, they are buying at the top - precisely when the coin is due for a correction.

All the massive gains happens when people find projects before the ICO and/or soon after. Not AFTER, it has already exploded and people are shilling it on youtube.

These youtube crypto people are complete garbage most of them.

That's exactly the issue I am trying to address - 'striking it rich' does not happen overnight, even in crypto.

And even if you make say, 20x gains in a couple of days, replicating that via day trading or swing trading is highly improbable - you will in fact end up losing money, in a bad way.

So people SHOULD be willing to HODL for the long term - and by long term I mean at least six months to a year. Time and again, this has proven to be the most reliable way to make big profits in this space (with the usual caveat of risks, don't invest more than you can afford to lose blah blah). Long term profits of 50-100x are possible with the right projects, and in depth due diligence and research let's one hold on tight during the wild market swings.

And yes, most crypto youtubers should be taken with a grain of salt, and some should be avoided as scammers. To be fair, this probably applies to most forms of 'public' investment advice. Doing your own research is the only way to see the wood from the trees.

 

[Hog-train]

That the's issue I am trying to address - 'striking it rich' does not happen overnight, even in crypto.

And even if you make say, 20x gains in a couple of days, replicating that via day trading or swing trading is highly improbable - you will in fact end up losing money, in a bad way.

So people SHOULD be willing to HODL for the long term - and by long term I mean at least six months to a year. Time and again, this has proven to be the most reliable way to make big profits in this space (with the usual caveat of risks, don't invest more than you can afford to lose blah blah). Long term profits of 50-100x are possible with the right projects, and in depth due diligence and research let's one hold on tight during the wild market swings.

And yes, most crypto youtubers should be taken with a grain of salt, and some should be avoided as scammers. To be fair, this probably applies to most forms of 'public' investment advice. Doing your own research is the only way to see the wood from the trees.

If you know what you are doing swing trading is more profitable than HODL.

I'm not saying I do (I don't have the technical analysis ability.) But I know for a fact it's more profitable. I have friends who do trading heavily (mostly swing trading.)

But for most people- yes just hold. Don't try to get cute and time the market.

Also, most of the big gains occurred with people buying the coins before they hit a major exchange like Binance. They buy on decentralized exchanges like EtherDelta.

By the time it hits Binance - too late!

 

[Nik123]

If you know what you are doing swing trading is more profitable than HODL.

I'm not saying I do (I don't have the technical analysis ability.) But I know for a fact it's more profitable. I have friends who do trading heavily (mostly swing trading.)

But for most people- yes just hold. Don't try to get cute and time the market.

That's the huge IF though hey...if you know what you are doing, yeah sure swing trading can net you even bigger bucks.

Personally I feel the jury is out on the usefulness of TA in the crypto space. Bollinger bands and 'head and shoulders' charts are all very good, but all it takes is one or two news cycles to make all that analysis go to shit.

And that's not even taking into account market manipulation, trading bots, whale tactics...all aspects that are very hard to do any proper analysis against.

So yeah, HODLing for the vast majority would be the way to go for sure.

 

[JonesBones]

To swing trade, or day trade, you basically have to have no job and be following the market all day. Obviously you can set it so you buy and sell at a certain price but I don't like do that. I chase the volume. It is like a rollercoaster and I want to be involved first hand. It's exciting when a stock is volatile. Bitcoin is exciting that way obviously. Gets your heart pumping.

Whereas a stock like Coca a Cola and most others are boring as fuck.

 

[JonesBones]

That's the huge IF though hey...if you know what you are doing, yeah sure swing trading can net you even bigger bucks.

Personally I feel the jury is out on the usefulness of TA in the crypto space. Bollinger bands and 'head and shoulders' charts are all very good, but all it takes is one or two news cycles to make all that analysis go to shit.

And that's not even taking into account market manipulation, trading bots, whale tactics...all aspects that are very hard to do any proper analysis against.

So yeah, HODLing for the vast majority would be the way to go for sure.

Well, let's consider the current situation. Bitcoin is under 10k as we speak. Just a tad. I would buy right now. Cuz I think it will most certainly go above that again for at least a little while. I may sell at 11k. That is fine with me. I'll take it. It's a free thousand dollars. You could rinse and repeat that over the last few weeks.

 

[Nik123]

Well, let's consider the current situation. Bitcoin is under 10k as we speak. Just a tad. I would buy right now. Cuz I think it will most certainly go above that again for at least a little while. I may sell at 11k. That is fine with me. I'll take it. It's a free thousand dollars.

OK - I'll bite.

Let's run with your scenario. Bitcoin is a shade under 10k at the moment. You buy. It drops to 9k, I presume you hold. It eventually creeps up to 11k, you make 1k.

Sounds good.

But by your own admission, you will need to watch the markets like a hawk to make that 1k. Worth the effort? You decide.

My proposal (using Bitcoin as an example) - would be to have bought Bitcoin at closer to 6-7k at the recent dip, and then just forget about it for 6 months before checking back in. Much easier said than done, but that is where belief in the fundamentals comes in. And that belief comes via research and personal risk appetite setting before hand. I'd be surprised if your profits were not significantly higher than 1k.

And if we spread this example out to altcoins, especially promising alts, purchased pre-'big' exchange as Hog-Train mentioned,...or at ICO, then your multiples, and profits are exponentially higher if you HODL. But for a nice medium-risk reward, scooping up top 100-200 projects at bargain prices is good too. The caveat here, is as always...that you have done your due diligence.