There's a reason I kept asking you how you're doing during this crypto winter and it's not because I want to do Schadenfreude on you when you say you've lost $$$ Many people are rekt. I see it on CT, people talking about losses and what they used to have, many have gone quiet If you say you're making a killing during this crypto winter, let me tell you right now, I'm very happy for you and wish you continued success. Congratulations!! If you say you've lost $$$, I'm sorry to hear that and all I can say is make sure you survive because the next crypto bull market will be very very good, imho This is my 3rd crypto winter and I'm just trying my best to get through this any way I can I believe very strongly that the best way to get through this crypto winter is to hodl btc in the highest allocation of the portfolio And I'll say it again, there is one rule in the crypto winter and that is to survive
I refuse to watch that Elio guy, but just wanted to say I like your post. He just seems too much like a shill to be honest. Maybe he has some nuggets every now and then, but so much crap on youtube is simply there for the ad dollars. Once you get 50k views per video or more, you are more than likely making hundreds if not thousands of dollars in revenues. So these guys just spit out any content, the catchier the better, simply for the views. With regards to the crypto winter, my worry is about what will survive. Just today I saw posts on Twitter from a guy making fun of how Cardano is pretty much on life support. So its not just a matter of waiting for the bull run, its a matter of what will still be around for the next bull run and will run back up. What I thought was playing it safe by being the top coins only like Cardano, Solana, Eth, Ftm, has turned out to actually be hardly safe. Of course bitcoin is my biggest exposure, so that's good, but I think its prudent to assume that some of these coins that I have will never return to all time highs.
Thanks for the sharing of ideas, NoahA What I meant was for us to survive with enough capital to participate on the next crypto summer As far as specific crypto assets and projects surviving or being relevant for the next bull market, I can only wish that for Bitcoin In the 2013 bull market, there were popular projects like Feathercoin and Namecoin that did not benefit on the 2017 bull market Same thing happened in 2017-18 bull market when Litecoin, Xvg, Stellar made life changing profits for some lucky people but those crypto assets were not relevant on the 2020-21 bull market Eth was very good on both bull markets But this 2020-21 crypto bull market was something else as there were just way too many life changing opportunities as long as people cashed out in time Sol, luna, avax, cel, aave, axs, doge, shiba, safemoon, link, ada, nft's.... but to say they will survive or be relevant on the next crypto bull market? Imho, I do not think they will be There will be new crypto projects that will be successful on the next bull market and we have to apply the lesson from this one to make sure we cash out of them before they crash back down If Ethw turns out to be one of the successful ones, it only started on the day of the Merge, 9/15/2022 as before that, it was not in existence
Instead of constantly chasing the next big thing, you could just leverage BTC during the next bull market. I bet a back test of leveraged 3x BTC, during a bull run, would be pretty impressive. Anyway, just a thought.
During a crypto bull market, you don't have to chase these big things, they are everywhere and we're talking about 1,000-10,000%+ roi so it makes sense to throw a portion of capital into them
Here is a 2022 trend... With more than $3B already stolen, 2022 is on pace to become crypto’s ‘biggest year for hacking on record’ https://www.msn.com/en-us/money/oth...iggest-year-for-hacking-on-record/ar-AA12Vq4H
*** Post is for entertainment purposes only. NFA *** An update on this position I posted on a different thread but I'm doing it on this thread as there is something strange going on in this crypto winter aka bear market trend that I've noticed for the past week give or take a few days There seems to be liquidity (money) flowing into the cryptos market By the mere fact I'm posting this probably means I've doomed this uptrend Sure, btc is up over $20K but that's not what's interesting, many altcoins are rallying much harder In the middle of a crypto winter, this does not make much sense as there's no money to fuel all of these, but somehow, it's happening anyway An example is doge that has doubled due to Elons purchase of Twitter, it's now over 12 cents, and was actually higher yesterday, and it's #8 in market cap crypto asset so it takes a lot to pump it and stay up -------- My btc perp futures position was up a couple of thousand $ before Fed meeting on Wednesday and that presser was a real shitter, my position went to negative few hundred $ Now, the position is up again, but btc is not leading the gains Eth is up more than btc but even Eth is not the top 10 crypto asset by market cap that has been the best performer for the past 2 weeks, it's, BNB putting aside doge as anomaly due to Elon ------- Anyway, this may be a premature crypto market trend change call, and today is a good day for the premise of this post to be tested with the stock market just turned negative and a beautiful consecutive red candles on btc At the top of the screenshot are my watch list of crypto assets, LRC is the big winner and that's not a new shitcoin that launched recently, it's been around for years, I owned it a couple of years ago but do not hold any now I'll update again next Friday next week if this crypto spring has legs to it or just a figment of my imagination --------- Another crypto bro that's also noticing a trend