I call it the 'bitcoin retirement plan'. I basically buy bitcoin as much as I can every month and will keep on doing this until I can call myself retired (the target is 1 million €). It's been 5 years so far and I kinda like the progress, my guess is less than 5 years to go. However long it will take, I will report the journey and progress / setbacks in this blog where is post monthly with updated charts. I'm 100% all in on bitcoin which might sound risky to most but the more I learn the more I dislike every other asset, and even in the middle of a shitshow like the current market sentiment I sleep like a baby because I hold my coins on self custody and bitcoin remains the same (21 million). Happy stacking and enjoy reading:

https://er-bybitcoin.com/stacking-em-volume-28-november-2022/

I got into crypto on the 2017 bull run, bought some BTC, saw 500% returns then all the way back down again.

I then didn’t do anything for the next few 2/3 years when I could have been stacking. 🤦‍♂️

Started stacking again during covid and was 100% up at one point and from then onwards, I said to myself, ‘I have to keep stacking this time!’

Started stacking regardless (Good), but it was during peak (bad), and on the way back down (Bad) and I’ve continued to stack (Good) and lowered my average quite considerably over the last few months.

45% down atm. I’m pretty confident we’re going to reach some new ATH so will continue to stack, but I’m absolutely dreading the next run because I don’t know if I can’t trust myself to take profits.

I’m dreading taking too much/too little profit, selling too much BTC/ETH but also dreading having to potentially go through being 100% up again, all the way back down to -45% when it inevitably crashes again for several years.

How do you strategise taking profits? Will you cash in your high potential alts and convert to BTC/ETH or are you generally just going to HODL 100% of your stack until 2030 plus?

I just went over to CourtListener to check on the SEC v. Ripple case for any new filings. The most recent docs are the Amicus briefs you've probably heard of. The latest one was filed 11/17/22 by the New Sports Economy Institute, and it was filed in support of the SEC.

One of their arguments is that XRP and all cryptocurrencies rest on the Greater Fool Theory, which says that some things only have value because holders think someone else will pay them more than they paid to get them. They actually quote Jim Cramer, who said that "as long as you recognize the very real possibility that the whole investment case for crypto rests on the greater fool theory, you’ve got my blessing to speculate on it.”

In the very next paragraph, there's this quote: "I’m holding onto my Ethereum because I believe there could be millions of greater fools out there. I think that’s a decent bet.”

So Cramer holds ETH, but thinks it's worthless and only holds because he thinks someone else dumber than him will pay more for it.

How do you inverse Cramer in this situation?

Anyway, here's a link to the brief: https://storage.courtlistener.com/recap/gov.uscourts.nysd.551082/gov.uscourts.nysd.551082.717.0.pdf

Hey all so I’m not too sure of the average age here but I’m 26 and when I was a kid my grandparents would always give me bonds on my birthday and Christmas . Expecting them to appreciate over the many years until I would cash them out when I was old enough ,

So that brings me to my next point when you guys were kids what kind of gifts did you get that were so called “investments” ?

Now to my last point , how many people have given gifts of crypto ? And if you have what did you give ? If I ever have a kid or whenever I have god children I would just set up a wallet with btc or eth and just stake it at whatever the percent is at the time. If I gave the kid 1000 at 5% that’s 50 bucks of interest every year , seems almost the best case instead of just giving cash or like keeping it in the bank earning no money and even with inflation you would be losing money just keeping it in cash or the bank as the traditional methods.

So anyone here a parent or cool aunt or uncle do this already ? I have one godson right now and looking for input. Thanks

A lot of DCA strategies invest into BTC, BTC + ETH, or a handful of the top cryptocurrencies by Market Cap.

But what if you DCA'd by developer activity?

Here is what it would look like?

Rank	Crypto	Weekly Active Devs	Weekly Commits
1	ETH	2,323	14,802
2	DOT	1,277	13,047
3	ATOM	676	3,639
4	SOL	379	2,317
5	BTC	346	2,060
6	MATIC	257	1,420
7	KSM	241	1,708
8	NEAR	212	2,094
9	ADA	183	1,004
10	GTC	157	664

source: https://www.gokustats.xyz/developers?utm_source=substack&utm_medium=email

First Impressions : Top 6 looks good

You have your core ETH and BTC, even though BTC dropped a few pegs down. There are also rivals DOT (multi-chain) and ATOM (app-chain) competing against each other vs the singular blockchain, ETH. For anyone questioning ATOM, this should make it clear that a lot of development is happening there even though its market cap rank is 22nd.

SOL still remains strong with development even after it bounced down to 14th in Market Cap with the FTX crash. Overall, I'd recommend top 6 by developers (at a glance, at this time for this week) for anyone to DCA in long term.

What do you lose when DCAing by Developer Activity vs Market Cap?

Excluding Stables and XRP, you lose DOGE, the very centralized BNB token, and LTC. This is a win in my book.

Things get a little questionable as we go down to ranks 7-10

KSM has a market cap rank of 116, yet is 7th by developer activity. Is this a dark horse with a 10-100x potential in the next bullrun? No one knows, but it's success or failure is linked with the DOT ecosystem.

GTC or Gitcoin Grants is 10th by developer activity but 494th by Market Cap rank. Yeah, we'll want to check again next week to see if it's still in the top 10. And there may not be a 1:1 correlation here between developer activity and token value.

It gets worse...

11th by developer activity is ICP. Look at the charts on this for all time and you might think twice about DCAing into ICP.

Parting Thoughts

I hope this gives you another tool in your belt for deciding how to DCA or if you wanted to, Lump Sum. If anything this is a reminder that the builders are building.

TLDR:

Total PNL -39,64%|Holdings: BTC, ETH, BNB, SOL, ADA, DOGE, XRP, LUNC, LUNA

Market Delta starting 15th December 2021: -64,69%

Sentiment: BTC new yearly low, FOMC minutes today, FTX hacker still dumping ETH.

​

After draw down - before FOMC minutes

REKT by SBF

Update 4-11-2022

Dear Diary

So the 15th of December I started my journey into crypto.

Because I did not have the funds to go in lump sum, I will follow the strategy which I described in my original post.

So to sum it up:

- Monthly deposit to exchanges;

- DCA 80% of deposit weekly over top 5 Mcap;

- Allocate 20% to Buy the Dip;

- Stake holdings on exchange;

- Investment horizon 5 years;

- Dip defined as minimal 8% drop on 24H time frame.

- For DCA I will also look into the Fear and Greed index. DCA more when the market is in fear, DCA less when in greed.

- For the meme I also DCA a bit into DOGE... :)

- ADJUSTMENT-

I have started to buy the dip a bit more aggressively. As we come deeper in the Bear market I decided it was time to push my average cost down a bit more. Also once I have started to buy a coin in the top five I keep DCA into it. I stop when they exit the top 10 excluding stable coins.

Now to update where do I stand and what are the results up till now

So to measure performance, I will look at what this strategy has done compared to a lump sum investment at my starting point on the 15th of December.

UPDATE

Must admit I had FOMO...made a gamble on Luna....probably a stupid one.....I'll keep it and take it as a lesson learned.....Stick to the F$#@%$* plan!!!

I have adjusted my strategy a bit. I am upping my investment in BTC and ETH compared to alts.

UPDATE 19-9-2022

Heavy on BTC and ETH.

UPDATE 28-9-2022

Implement flexible DCA day and time. When pump postpone DCA in bear market.

UPDATE 7-10-2022

Starting to look like a very good time to accumulate. Still wondering if there is going to be another drop. Hold off on DCA this week, due to unemployment rates release in the US today and FOMC minutes next week.

UPDATE 29-10-2022

As Elon bought Twitter I acquired some additional DOGE....Small bet hoping to pay off.

So as you all can see some have worked out better then the others.

But IMO it is very interesting that we are in a downtrend combined with this strategy.

Will try to keep you all updated once in a while on how it is performing.

THis is the part-2 of 2 part post on the front-running bots, which are troublesome entities when you trade onchain (on DeXes) especially AMM DeXes

In the first post, I explained in detail about the DeX functionality, and occurence of slippage which comes due to the DeX's design.

This is a continuity of that part. It will be better if you go through part-1 of the post first. I am linking it down here for your convenience.

https://np.reddit.com/r/CryptoCurrency/comments/z1mrea/frontrunning_bots_in_dex_part1_how_dex_works/?utm_source=share&utm_medium=web2x&context=3

We will begin with part-2 from here.

Front-running and front-Runner Bot in crypto.

Front running is the act of taking advantage of advanced information or prior knowledge of transactions to buy or sell assets. A front runner capitalizes on the way transactions are ordered within a block to take out profit from another trader thereby leading to losses for this trader involved.

On the Ethereum blockchain, there is the problem of front-running where anyone who runs a full-node Ethereum client can see unconfirmed transactions and send transactions with a higher gas price.

Actually, front-runners do not even need to run a full node to see transactions. They can have a bot that monitors pending transactions in the mempool. Bots are also able to quote a higher gas price. Bots operate in milliseconds so imagine the speed in reading a transaction from the memory pool, calculating the optimal transaction size, configuring transactions and then executing them.

Sadly, front running is such a common practice on Ethereum-based DEXs.

A front-running bot scans pending transactions and pays a more significant gas fee so that miners process its transaction first to front-run a major trade that will affect market pricing.

Example: Front runner bot works like a “sandwich”. In very simple words:

Let’s say you want to swap a token on DeX. The bot spots your transaction on the network trying to buy a token. Then bot place an order of the same token swap but with higher gas fees. With front runner, bot is able to get your purchase done before your transaction (as he paid higher fees). The bot purchase pushes up the price you have to pay. Completing the sandwich,the bot sell for an easy profit.

Here, as seen from the previous post, instead of getting the ideal price for your token, you are now swapping the token at a higher rate (demand-supply) than normal.

Are Front-Running Bots legal in crypto?

Front running is considered illegal in the traditional stock market because outsiders are not provided with insider information. However,in the crypto market, all information is stored in a publicly auditable digital ledger. Therefore, front-running NFTs and tokens is not considered to be illegal.

The internet's power to disseminate information increases front-running in the cryptocurrency market. While front running is banned in traditional trading because the trader is utilizing non-public data, the trader on a decentralized exchange (DEX) is using data publicly available on the blockchain and is not technically shorting the system.

If you know the list of buy or sell orders ahead of time and can insert your order before other trades are inserted, front-running as a DEX trading strategy is beneficial. The trader will be able to see incoming orders locked into smart contracts on the decentralized exchange if it is built on top of a public blockchain (e.g., Ethereum). The trader can then establish a higher cost for placing the order than the incoming orders if it is commercially feasible. The trader will be able to claim more lucrative orders as a result.

Hence, Front-running bots are not illegal in crypto.

Now, steps must be taken by the trader and by developers to stop or minimize the Front-running issues while trading.

How to prevent getting front-runned by the bot and/or how to minimise the impact of front-runner bots?

1. You can limit front-running by splitting the transaction into many smaller transactions and adjusting the low slippage.
2. Similarly, developers can use anti-front-running measures like making transactions private and using a hidden mempool.
3. You can break large transactions into smaller ones instead of executing them all at once, which reduces the appeal of transactions with front-running bots due to the value that can be mined. As a result, bots will pass the transaction instead of front-running it.

I have two examples of networks having a hidden mempool:

1. SparkPool's TaiChi network is a private transaction service that helps developers limit front-running in the crypto space. The miner-extractable value (MEV) bot is unable to find transactions on mempool because user transactions are only visible to Sparkpool and not to other Ethereum nodes.
2. KeeperDAO uses the Hiding Book mempool, which is a secret Mempool. Therefore, the Keeper bot will profit from MEV through arbitrage trading or asset liquidation by passing through transactions and loan requests. MEV revenues are deposited in the ROOK treasury, and users receive a portion of the profits in ROOK tokens. To avoid front-run slippage, these transactions are offered free of charge.

​

​

Thank you.

Dear fellas,

I decided what I will do for the next 9 weeks. Fear and tension can be felt in the air. There is a BIG assumption in these lines: 1) the bottom is in or 2)it will take place (the final capitulation) in the next 10 weeks. (This is not based on my experience, nor in TA nor in some influencer, just assuming that the situation won't be that tense for much longer, something will have to happen for the good or for worse).

During the 9 weeks to come, I will increase by 30% my total crypto portfolio by (based on its current FIAT value). This is dear money to me, but it is not life-changing money. So that in case it keeps dipping I can continue buying but at a lesser intensity (maybe I could keep buying at 70% less than I would be for the 9 next weeks). So each week from this week on my portfolio will increase 3-4% of its current FIAT value, I will leave a bigger chunk for weeks 8 and 9, just in case the dip is bigger then.

I will save and won't spend money on non-necessary stuff and sell a motorbike that I don't use and strengthen my buying power. I'm at around 40% loss of my initial investment and way more from my portfolio at ATH (maybe around 80%, I prefer not to do the math).Luckily I could keep buying the downtrend.

We never know what will or could happen: it ranges from negative news to catastrophes. ONLY for VETS: is my strategy decent or make sense to you? (I don't want to regret it if BTC goes back to ATH and then FOMO as most people did in mid-2020 and many bull runs).

P.S: this situation F*** HURTS so bad.

P.S: I already saving for my dream home, and this decision won't interfere with the money I take for that.

There seems to be a lot of consensus that 12-14k is going to be the bottom for Bitcoin this cycle. To me, this means without a doubt it won't be the bottom. The way I see it, there really are only two sensible outcomes from here:

1. We've weathered the worst of the storm, there is a lot of fear, but the FTX contagion is running out of gas and the market is going to stabilize where it is to form a bottom
2. The worst is yet to come, further collapses of big players will lead to cascading effects that will push the price downwards well below "technical targets" of 12k -- possibly as low as 6k

So what? What to actually do in this situation?

Well, the first thing to do is take stock of your situation. If you can't tolerate outcome 2) you need to rebalance your portfolio. De-risk by selling off some of your riskier coins (i.e pretty much anything that isn't Bitcoin).

Next, mentally grapple with the possibility of 2). Imagine the loss like it already happened to you. Try to gauge whether you could actually handle this if it happens. If you don't think you could, go back to the previous step and de-risk more. I can't stress this enough, if/when the final capitulation happens you have to steel yourself for it because despite all your diamond handed thoughts, you are going to want to sell. It sounds completely nuts, but I promise it will happen. It's called capitulation for a reason.

Once you've done that, assess whatever money you put aside from either de-risking above, a pre-existing DCA plan, disposable income, or whatever. Whatever amount it is, make sure it's something you can afford to lose. Remember the possibility of outcome 2). Plan to start averaging into the market from now for the next 4-8 weeks. The exact timing and amount can vary, just discipline your buys so you don't throw it all into the first big drop, this is the big rookie mistake. For example, put in 20% every 10% drop -- this is a plan that expects the price to drop no further than 50% from here (not unreasonable). Or just put 15% every week, until you run out. Whatever works for you.

If 1) plays out, then you'll miss the bottom, but overall this likely means you'll have lost only a few % as you averaged in to mitigate your risk -- this is very worth it, since risk levels are off the charts right now. If 2) plays out, then hopefully your strategy averages down far enough that your overall portfolio loss is tolerable. Any crypto portfolio that is -20% or higher in the depths of a bear market is a massive win in my opinion.

Finally, assuming you haven't invested more than you can afford to lose, you'll come out of the other side of this bear market in great shape. This is something that has worked for me in the past, and I plan to do something similar again this time.

Why should you listen to me? You shouldn't. I'm some random person on reddit. Why are you even reading this? Come up with your own strategy.

With the market randomly dropping 10% every other day, it can be difficult to fight the fear, remain committed to your DCA and stay focused on your long term goal in the crypto space.

Here is an idea that can help remain engaged and somewhat sane in these difficult times.

First, design the ideal target portfolio you would like to own reasonably in the medium term: x amount of BTC, y amount of ETH, etc. For instance, let’s say that this portfolio is worth $5,000 today whereas your real portfolio is worth $1,000. Now, focus on the difference between the two. In that case, $4,000 is what tou need to achieve your goal.

If the market drops 10%, great news, the $4,000 become $3,600 and you are now closer to your goal!

If you are able to DCA $100, then your target becomes only $3,500 away!

Thinking of your portfolio in these terms can help you put a positive spin on the news these days and help you build a long term portfolio for better days.

For anyone who dares to day trade on the crypto market, what is some really important information you would like to share with the sub?

Im a buy and hold type of guy but since the start of my crypto journey I can't take trading out of my mind. I know there are more like me out there, the volatility in this market is something that could be taken advantage of but it has some serious risks.

Personally, I have done some trading with NFTs but with the royalties and Opensea fees, it adds some risk to the trade, coins just seem to be a better idea.

Share your best information!

Hello guys,

Since it is difficult to keep an eye in other assets due to tunnel vision, just wanted to ask: which cryptos are you following our noticing doing good in the current market?

As an example, the only one giving me decent money with decent swings, probably because of the world cup: CHZ Chilliz

Got some disposable income up for investing, so please point me to some juicy targets for short holds out swing trade. I am long on the big names, still under water but those will be fine in the long term.

Cheers!

Just emptied my KYC accounts and wrote a letter to Coinbase, Binance, and Robinhood closing my accounts. I think that there is a lot of FUD centered around FTX and SBF from MSM trying to kill off all crypto because the smallest of the 3 ponzi schemes (exchanges) goes bust. He is guilty but IMO he is the smallest fish in the pond being sacrificed to distract from wallstreet "market makers" who make SBF look like a shoplifter. I hope you all stay safe from exchanges out there! Thanks for all the links to p2p dapps and kyc free platforms!

TLDR:

Total PNL -37,5%|Holdings: BTC, ETH, BNB, SOL, ADA, DOGE, XRP, LUNC, LUNA

Market Delta starting 15th December 2021: -63,10%

Sentiment: Week in 3 letters...SBF. Guess I don't need to say more....

​

REKT by SBF

Update 4-11-2022

Dear Diary

So the 15th of December I started my journey into crypto.

Because I did not have the funds to go in lump sum, I will follow the strategy which I described in my original post.

So to sum it up:

- Monthly deposit to exchanges;

- DCA 80% of deposit weekly over top 5 Mcap;

- Allocate 20% to Buy the Dip;

- Stake holdings on exchange;

- Investment horizon 5 years;

- Dip defined as minimal 8% drop on 24H time frame.

- For DCA I will also look into the Fear and Greed index. DCA more when the market is in fear, DCA less when in greed.

- For the meme I also DCA a bit into DOGE... :)

- ADJUSTMENT-

I have started to buy the dip a bit more aggressively. As we come deeper in the Bear market I decided it was time to push my average cost down a bit more. Also once I have started to buy a coin in the top five I keep DCA into it. I stop when they exit the top 10 excluding stable coins.

Now to update where do I stand and what are the results up till now

So to measure performance, I will look at what this strategy has done compared to a lump sum investment at my starting point on the 15th of December.

UPDATE

Must admit I had FOMO...made a gamble on Luna....probably a stupid one.....I'll keep it and take it as a lesson learned.....Stick to the F$#@%$* plan!!!

I have adjusted my strategy a bit. I am upping my investment in BTC and ETH compared to alts.

UPDATE 19-9-2022

Heavy on BTC and ETH.

UPDATE 28-9-2022

Implement flexible DCA day and time. When pump postpone DCA in bear market.

UPDATE 7-10-2022

Starting to look like a very good time to accumulate. Still wondering if there is going to be another drop. Hold off on DCA this week, due to unemployment rates release in the US today and FOMC minutes next week.

UPDATE 29-10-2022

As Elon bought Twitter I acquired some additional DOGE....Small bet hoping to pay off.

So as you all can see some have worked out better then the others.

But IMO it is very interesting that we are in a downtrend combined with this strategy.

Will try to keep you all updated once in a while on how it is performing.

Let’s assume we continue this downtrend and/or continue to crab for some time in this range: what is your due diligence process during the bear market? It’s important now, perhaps even more so since the dominant sentiment is well beyond negative, to put the nose to the grindstone and figure out what’s worth your interest, attention, and money because the potential upside is much greater.

• Has your strategy changed at all from months ago when price action was frothy, and how are your evaluations of projects evolving—now that projects are dying before our eyes in a matter of days, hell, hours even?

• Are you solely continuing to average into BTC/ETH?

• Are there smaller market cap coins you’re interested in opening small positions in now that prices are much lower?

It’s easy to feel energized and excited about doing research in a bullish market. Everything seems like gold. But finding that same energy and excitement now is tough, not just because the majority of folks think crypto is dead or dying, but also because it’s harder to make quick money and all that once glittered is either clearly fool’s gold or seems less shiny now that it’s worth 90% less than it was a year ago.

So what’s your strategy now?

Hi all,

first of all, I am aware that being in crypto has become a lottery itself.

However, after losing almost $20k because of the Luna and FTX collapse, I am looking for a more „painless“ way to get my money back.

Since I‘m broke, I can’t afford to get back and be invested in crypto with any fiat money.

Therefore I was wondering if there‘s something like a crypto lottery, where I could try my luck from time to time with small amounts, without risking too much.

My other option is to post my BTC address here and hope that a whale donates $20k to me but we all know whales are greedy and this won’t happen.

So yes, does someone know a legit crypto lottery and does someone has experience with it?

Thanks a lot.

Stay safe and keep your money away from CEX‘s and shady projects.

EDIT: part of this post was meant as a joke, which apparently wasn’t received so well.

However, some people are like „wow what is wrong with you? Crypto lottery??“ Yes, why not? I thought crypto is supposed to be the solution for everything . And everything includes trading platforms, exchanges, sports betting and lottery gambling. I don’t understand what is wrong with that? We have people here buying tons of shitcoin bags, but lose their minds when somebody mentions the word „lottery“.

A lot of people warn against holding any cash or asset in exchanges, without recommending any solution. My point is, are stable coins like USDC safe if crypto falls further Down?

How you hold cash avaliable for purchases? We can't hold it in bank and transfe it fast enough. We can't put limit order. These are downside. What's your strategy? How do you think people with 7 figure asset do that?

I found decentralized one like uniswap are nightmare to export and report transactions for tax purposes.