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EDIT: Had to change the word m**n in the title so the bot doesn't think it's a post about the coin moons and deletes it.
This is a dance we've danced many times before, but of course newbies might not be aware, since the meteoric start of the bull run was a while ago, and the previous one was even longer behind it.
With coins like SHIB, Axies and GALA skyrocketing in price, a lot of people will be trying to make profits as close to the ATH as possible, leaving the greedy newbies holding their bags while they run off right before the price starts to drop.
And even worse, there will be those who FOMO into the coin closest to the ATH, just because of all the "to the moon!" comments. And once it inevitably starts to drop, those wanting to sell will tell others to "hold the line!" so they can get out before you do.
Don't fall for it. Trust me, it never ends well. I fell for it with Doge and the Gamestop stocks, and lost a lot of money in the process.
Be smart. Stick to your plan. And sell before it goes to shit, for the love of god.
With the start of the bull run as well as the release of many new exciting coins, we've seen a few examples of cryptos suddenly going up a thousand percent in value, if not more. GALA, SHIB, BETA, and that's only to name a few.
Now, the first and more obvious piece of advice is to NOT Fomo in. It's likely these coins have already reached their peak, and if you really like the project then you should wait for a dip before buying. Remember, by the time this sub (and many others) start posting about a coin's growth, it's probably too late to get in already.
I'd also advise against searching for the new hot coin that will explode soon. If you want to do so, be careful and expect to lose that money. In my opinion, it's better to go after small coins that you know have an actual use and a possible future, even if the growth won't be as meteoric just yet.
Very basic advice, but yeah. Be careful, be calm, do not let your greed control you, and you will make a lot more money.
EDIT: I read your comments and apologize for giving people such misguided Hopium. I was very lucky. I bought right before the Bull market started, and I could've just as easily lost everything. Be smart. Invest with knowledge and know what you're doing. I said the same in a new post I just made.
Note: This applies from the 3rd of October, 2020 to the 3rd of October, 2021, when I wrote the post. I'm posting it today because I had trouble accessing it all.
Like it says on the title: last year I just happened to have $50 to spare and, instead of adding it to my other crypto investments, I decided to have a little fun and invest on coins with a low market value that no one seemed to know about (at the time anyways). I swore to myself that I would not check on their progress until a full year had passed.
Why October 3rd? Because I knew I'd remember it due to all the Mean Girls and FMA memes, that's why.
Anyway, without further ado, here are the ten coins and how much money they've made me since:
#1: Polkastarter (POLS) is a cross-chain decentralized exchange (DEX) built on Polkadot for token pools and auctions. Its value rose 208.3% in the past year, earning me $10.41 extra.
#2: Flamingo (FLM) aims to unleash the full potential of DeFi, a crucial component on which to base the Neo Smart Economy. Its value rose 21.4% in the past year, earning me $1.07 extra.
#3: Tellor (TRB) is a decentralized oracle network that allows smart contracts on Ethereum to securely connect to external data sources. Its value rose 162.4% in the past year, earning me $8.12 extra.
#4: Qtum (QTUM) is a cryptocurrency which uses a proof-of-stake consensus model for creating new blocks, which is far easier and less energy-intensive than Bitcoin's proof-of-work model. Its value rose 509.8% in the past year, earning me $25.49 extra.
#5: Polymath (POLY) is an Ethereum token that aims to facilitate digital securities trading on the Polymath platform. Its value rose 2031.2% in the past year, earning me $101.56 extra.
#6: Stellar (XLM) is a decentralized protocol on open-source code to transfer digital currency to fiat money domestically and across borders. Its value rose 343.4% in the past year, earning me $17.16 extra.
#7: Monero (XMR) uses a public distributed ledger with privacy-enhancing technologies that obfuscate transactions to achieve anonymity and fungibility. Its value rose 149.8% in the past year, earning me $7.49 extra.
#8: Serum (SRM) is a decentralized exchange software built on Solana where cryptocurrencies can be bought and sold by traders. Its value rose 470.8% in the past year, earning me $23.54 extra.
#9: Avalanche (AVAX) is a platform for creating custom blockchain networks and decentralized applications (dApps). Its value rose 1599.8% in the past year, earning me $79.99 extra.
And finally, the last coin, which gave me astronomical returns, and which makes me incredibly sad I didn't put more money into it. But oh well. Hindsight is 20/20 as they say.
#10: Gala (GALA) is a platform that builds a range of blockchain-powered games, each of which provides players with true ownership of their in-game items through the use of non-fungible tokens (NFTs). Its value rose a wooping 12153.9% in the past year, earning me $607.695 goddamn extra.
So... yeah, that was wild. Notice how there was nothing but profit. If you invest in crypto and leave it alone for a year, it will almost surely be nothing but profits. I love crypto because of that.
It was fun! I'll probably do the same right now, and come back in a year with another post like this :D
Around 12 days ago Jim Cramer told us to sell all our Bitcoin and take some profits.
Cramer himself seems to have bought Bitcoin somewhat high and would have sold low.
If you would have followed Jims advice of selling Bitcoin at around $40,000, you would have missed out on a 20% rally.
If these investment gurus would be that smart themselves, they wouldnt need to be all over the media trying to gain your attention.
I'm not saying Crypto itself is a game. I'm saying that for those of us to claim to be 'long term investors', the daily ups and downs (and associated dopamine hits) are a feature, not a bug. I've taken my initial investment out and plan on letting the rest ride until either we blow the previous ATH out of the water or hit another bear market so I can start my DCA schedule again. But damned if I dont start and end every day by checking the charts.
It's sort of like going to a casino, I don't even actually think I will win big, but I'm happy to spend my cash there once in awhile because it's fun to play. At some point it's less about the destination and more about the journey.
(This is as much a reminder for me as it is for everyone else.)
It is easy to have a target and say that you will stick to your guns when the bear market is in full effect. When the bulls start pumping, though, keeping to that plan is much more difficult. There will be a strong temptation to hold in hopes that prices will continue to go higher and higher.
So, have an exit strategy and make sure to stick to it.
I will relate some experiences that taught my that lesson the hard way.
Back when I did the stock investing thing, I occasionally dabbled in penny stocks. Broken down, un-loved companies that had seen better days...
I bought Ask Jeeves (yes, that quirky old search engine) at around $5/share and they ended up getting bought out around $20/share or so. That was a win for me, BUT I got lucky because I legit had no plan to exit my investment. I was forced to exit the investment because they were bought for cash by another company.
On to Wyndham hotels... They were nearly bankrupt. Shares were about 30 cents when I bought in. Again I was forced out of the investment because they were bought for cash by another company. I think the buy out price was around $1.25/share. I ended up doing well there.
NOTE - The current stock trading as Wyndham Hotels is a DIFFERENT stock than the one I had. What happened was that the original company was bought out by an investment group. Then they reorganized the company and later spun it off and the stock that trades now is the result of that.
Now... On to a story that didn't end as nicely for me as it could have.
There was an IP company called Patriot Scientific. They owned patents on a lot of the chips that are in many of the electronics that have become ubiquitous over the last two decades or so. Their entire business model was to sue other companies that were infringing on their patents.
I bought in at 8 cents per share. I bought a LOT. It was my largest holding at the time.
They won a few lawsuits and the stock went up.
...and it went up.
...and it went up.
It peaked around $1.20.
Like the other times, I didn't have a plan. I didn't have an exit strategy.
They paid a special dividend on the way up to $1.20 and then another one on the way down. I got a little bit of money from that.
I didn't sell any near the top. In fact, I didn't sell any until it much lower than that. I still made a profit, but instead of getting a 12x or 15x I only ended up with a 3x or so. Still decent, but I missed out on a LOT of money.
They aren't even called Patriot Scientific anymore. They changed their name to Mosaic ImmunoEngineering and did a MASSIVE reverse split because the price went down to fractions of a penny.
So there you have it. Make a plan. Stick to the plan. Try not to be blinded by green dildos.
Be smart. Stay safe.
Oh yeah, ONLY play with money that you can be completely okay with lighting on fire.
The answer is very simple!
Step 1 - Sell your coin without regret.
Step 2 - buy DODO. https://coinmarketcap.com/currencies/dodo/
Why buy DODO?
DODO is a Decentralized exchange and DeFi token, at the moment capitalization is $ 157,250,414 - the growth potential is simply huge x10-x100
The daily trading volume is $ 65,008,878 + $ 100,000,000 in futures.
DODO is represented by Binance and other major exchanges.
DODO invested
Coinbase Ventures Portfolio
Three Arrows Capital Portfolio
CMS Holdings Portfolio
DeFiance Capital
Framework Ventures
Alameda Research Portfolio
Pantera Capital Portfolio
Exnetwork Capital Portfolio
Since Coinbase Ventures invested in DODO, listing on Coinbase is possible in the future !!!
DODO ranks 12th in the Dex coinmarketcap rankings this year https://coinmarketcap.com/rankings/exchanges/dex/
Profit everyone !!!
I bought DODO at $ 1.20 and will sell for at least $ 10
As the title suggests, in my opinion festive pumps are in order. Halloween and Diwali are around the corner and Navratri is already here. After Halloween, we have the Day of the Dead coming up! We might see some red days but October is actually gonna be Uptober. People shell out lots of cash in this season and we can expect a lot of gains this month. I had some fiat lying around and I've already invested. For people who have fiat lying around, please invest in whatever you like (except shitcoins), let's keep the momentum going, payday is coming anyways! Please comment below whatever festive occasions are coming up in your country in October and November to keep the morale going!
Also how much is the word limit? I'm on mobile and don't really know how much it is. I hope I hit it and this gets posted! Just to be sure I'm gonna add a bunch of words.
Alot of coins have come and go but BTC has remained at the top. It's the king of crypto and most safest coin to invest in.
Currently BTC decides the fate of the market. BTC goes up ,everything follows, like the current green in all coins. bitcoin moving up or down a few percent affects the other coins exponentially.
Which made me think. Will bitcoin ever lose It's influence on market? What could lead to this scenario?
Can any other coin dethrone BTC?
Ignore this part**************500 character rule*********xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx.
I understand that when the value of the coin(s) decreases, you experience impermanent loss. But why does impermanent loss also apply when the price of only one coin goes up?
The way I see it, you combine two crypto investments and create one LP token from them (normally 50% each coin). When the price of only one coin goes up, doesn't the quantity of the LP token go up as well? Or doesn't the amount of coins adjust to equal 1 LP token?
Here's an example:
1 LMN = $100.
1 OPQ = $100.
1 LP token = $200 ( 1 LMN + 1 OPQ)
Let's say you purchase 1 LP token, and by the time you want to remove liquidity, 1 LMN = $200, but 1 OPQ = $100.
Is that 1 LP Token still worth 1 LMN and 1 OPQ?
Or is it now 0.5 LMN and 1 OPQ?
1 LMN and 2 OPQ?
How is this measured? And how is the quantity of coins inside that 1 LP token affected by the price movement from LMN ? Are you really at a "loss" if the value of only 1 coin goes up?
Same question for when 1 LMN = $50 and you want to remove liquidity. Is that 1 LP token now worth 1.5 LMN and 1 OPQ ?
Thanks in advance everyone
I'll try to keep this relatively short but I'll include links for people who want to dive deeper.
Brave is a browser, it was co-founded by Brendan Eich, the CEO, who also previously co-founded Mozilla, and also created the language JavaScript while working at Netscape. I don't think there is a person who has made more of an impact to the web as he has. This is his 3rd browser war.
Brave has a privacy preserving model where you are in control of your data. They do not harvest any data about any of their users and don't want to. This lead to a unique problem/solution - advertising.
BAT is the token used by Brave in the Brave browser, to help distribute revenue from their ad program. Advertisers pay Brave, Brave uses 70% of the money to buy BAT off the market to distribute to users who opt into privacy preserving ads.
Here are a few interesting stats/facts/numbers. 1.5 billion total supply, basically all of it in circulation. $1b market cap, ranked #102 on coingecko.
Currently over 20% of the userbase is opted into rewards. Over 38.9m monthly active users and 13.4 daily active users. About 7% growth this past month.
Brave's userbase has been more than doubling each year. They project 50 million end of year, but I believe they might fall short by a month or so. They're planning on ramping up marketing so I guess we'll see.
They're ve also been increasing ad buys. This past month over $2.4 million worth of BAT buys off the market to distribute from the ads rewards program. Up about 7x from this month last year.
Now for upcoming features.
Brave is adding a new wallet to their browser, lightweight to not impact performance, completely written in c++, without many of the problems of browser add on wallets. They intend for this to be a metamask killer. It will have support on multiple networks, NFT support, an easy fiat-crypto on ramp through Wyre, and a dex aggregator with a swap rewards program.
https://brave.com/swap-rewards-program/
What I'm most excited about this is the size of Brave's userbase in combination with their upcoming swap rewards program. There will be a 20% rebate, paid in BAT, for users who are opted into rewards off the .875% fee. This will be bought off the market by Brave at the end of each month and distributed.
If the dex eventually gets 1% of it's Brave's 38.9m users using it each month that would be 389k users. Something comparable was Uniswap in January - they had 300k users and 20 billion in volume.
If Braves dex agg got 20 Billion in volume that would be 35 million dollars in BAT rebates bought off the market, about 15x Braves current $2.4 m BAT buys for ads this month.
Now I know adoption won't be instant but if it really is a meta mask killer - which is what the CEO said it was. I believe 389k users per month isn't a crazy number. Especially in a year when Brave may be approaching 100m monthly users.
A few other things that are exciting to me to that will eventually be coming out - paying for premium services with BAT such as Brave talk, Brave VPN/firewall, premium search features through Braves new search engine(in beta currently but works good).
There also planning on expanding their ads through a self serve platform, eventually.
Also they want to add tipping to the newly launched Brave Talk, I made a post about what I think that could mean for Cam Models here.
I've made a bunch of posts over the past month or so about BAT so if you want to learn more I'll post a few of them.
Talking about a community call 2 weeks ago https://www.np.reddit.com/r/CryptoCurrency/comments/pok6ko/some_upcoming_developments_in_batbrave_from/
Talking about the aggregator and swap rewards https://www.np.reddit.com/r/CryptoCurrency/comments/pls8kn/what_will_the_announcement_rewards_for_holder_and/
Deep dive into BAT. Basically everything I knew as of about 20 days ago, before the swap rewards announcement. This one probably has the most information about BAT and Brave but doesn't talk about swap rewards. https://www.np.reddit.com/r/CryptoCurrency/comments/pkc17w/a_deep_dive_on_bat_and_brave_this_is_what_ive/
If you have any questions feel free to ask.
- What coins do you think will be relevant in 5 years ? (insert your bag here)
- What coins will people regret not buying? (insert)
- What coins will make you millionaire ? (you know what to do, PUMP YOUR BAG HERE)
- What coins will be big by 2030? (SHILL YOUR BAG HERE PLS!)
- What coins are undervalued?
- What coins to hold for early retirement?
- What is the next Ethereum killer?
- What can replace Bitcoin?
- What is the cheapest coin?
- What do you think will be the top 10 cryptos in 2025?