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12-30-2022, 08:26 AM #3271
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12-30-2022, 01:44 PM #3272
no, fuk crypto lol. Markets just penny stocks evolved. Aside from tokenization and defi and maybe some ghey nft utility, crypto is literal dogchit. Just hold BTC and ETH and gamble on a few ****coins. Once you make money in crypto scale out not back in. It can be easy money but theres better things to do than watch charts and github all day. You can still do both, but I regret how much time I have wasted watching a pot boil.
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12-30-2022, 03:48 PM #3273
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12-30-2022, 07:48 PM #3274
Crypto is crazy enough without making any plays that would be described as "gambling", sir. I put it to you that "better" gains (more reliable AND larger) come from taking the safer plays (which means better entries, highest chance of survival and popularity, etc.)
Once you make money in crypto scale out not back in. It can be easy money but theres better things to do than watch charts and github all day. You can still do both, but I regret how much time I have wasted watching a pot boil.
Like most people here, I spend a lot of time in front of a computer screen but I did that before crypto as well, kek. I've been in crypto for years and many of years made NO trades, some years made 1 or 2... some short spaces of time made a lot of trades... but overall there isn't much to do. We think we become more deserving of gains by "doing research" (i.e. spending 12hrs/day in ********) but it makes not an ounce of difference to where the market takes you. I don't think that if I hadn't been in crypto I would have spent less time on the internet overall, the past few years. Our internet addictions (IOW lack of a real life) is a separate problem, kek.Could have been a slayer.
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12-30-2022, 09:55 PM #3275
I sure hope. Im not quitting but this thread getting a reply every 4 days and the same 15 threads being up on biz for the last 3 weeks are a pretty damn good bottom signal lol. Normies completely demoralized and will be back around for the top of next cycle to get rinsed on crypto powered AI or whatever the next ****gy meme is kek. The play to earn gaming this cycle was pretty funny. People who haven't touched a game since n64 seemed to love the concept. Would only work in a grindy azz mmo and people are already livid about RMTers in the current ones.
I would say most of it comes down to gambling. There is better tech/business that got mogged by memes and chit. Good example is compound and maker are below two dogcoins an apecoin a mobile phone game and a coin that makes ********s horizon worlds look like a bladerunner scene.
In crypto you are going to be gambling on the crowd favorite. Might as well throw a dart at a board unless you can figure out what activates the monkey brain crowd neurons.
Narratives change fast, and lots of companies are run by literal grifters and jews (celsius,bancor,etc)
Just ride the waves and follow the crowds, maybe get into some illiquid ****coin scam that could form a narrative. Other than that, just play the long game on eth, btc and a bag of ****coin gambles and dont blow up your account. Thats really all there is to it. We are nearly 9-10 years later from when smart contracts were created and all thats been created is a bunch of high and low level scams. Now im not entirely chitting on crypto and think it has a place, but I think theres too much money floating around and not enough tangible progress. I can probably get a pretty good idea of what is legit when it pops up, but thats not where the money is usually. For that reason im starting to hedge in other places. Still have a lot in crypto and still believe in it, but I know the market is still pretty chit and scammy lol.No signature
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12-31-2022, 01:34 AM #3276
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01-01-2023, 02:07 AM #3277
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01-01-2023, 02:30 AM #3278
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01-01-2023, 05:00 AM #3279
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01-01-2023, 04:10 PM #3280
Was waiting on a narrative that never came. If they weren't currently fking token holders I would still stand by that statement to this day. It's also the reason I think you can beat the market if you can get in on a narrative token before it plays out. Theres probably going to be some ghey bridge, l2, or ai meme token someone in here is going to luck out on. Im still here after like 8 years and haven't blown up my account like 98% of this thread so theres that.
There is a major happening in this market every day kek. I adjust my strategy and also take profit and re-enter. I have taken some pretty good losses but I don't remain fully static. Was doing CDP's before defi summer, and was doing NFT's before the major runup. BAT was just my largest position and that ran up well over a million. In hindsight I wish it would have been in some next gen scamcoin, but I would not have nearly the same amount invested and the potential for rug would be much higher.
Going forward most of my bag is going to be in ETH and already is and a small chunk going to next gen ****coins and im going to keep doing real estate and working on stuff outside of crypto. Markets going to keep going, but I don't think the next cycle will be as big and think the market will consolidate. Will adjust if I see it heading a different direction, but the next cycle is my guess next gen zoomer tiktok alpha heavy.
Will admit my BAT play didn't pan out 100% how I wanted but it worked out pretty well for me.No signature
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01-01-2023, 07:44 PM #3281
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01-01-2023, 08:42 PM #3282
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01-01-2023, 09:17 PM #3283
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01-02-2023, 03:02 AM #3284
The real problem with crypto after several cycles it gets harder "picking" a good pump dump alt, because you see right through the bull****.
So for me, I see the retarded crowd shilling something, but I can't pull the plug. Take something like Dogechain, it's such a retarded concept, it's so ****ing bad.
Pure scam. Chances are, in a bullish setup, this could go high.
But as a veteran with several cycles, you just can't pull the plug, so you stick with things like BTC/ETH and have less returns.
Once you 7-8 fig, it's over mentally.
Indefinite money milking isn't as easy. You have to be an idiot sometimes to make money.
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01-02-2023, 01:27 PM #3285
Once you are are 7-8 figs you are naturally going to be more risk averse. You wont bet the whole farm on dogcuminu coin popping off. Someone playing with $5-10k can afford to go all in on dogcoins or gme. Theres a new bridge token coming out soon that im probably going to drop like $10-30k on but wont do more than that just because I know what has happened to several bridges in the past. Someone new is going to be less skeptical of stuff like this.
Also the last two cycles have been somewhat easier. The first cycle you just had to be here. The second cycle you just had to not give up. Basically everything 10xd from the bottom including long dead alts like omg. I have a feeling the next cycle is going to be smaller, not bigger.No signature
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01-03-2023, 12:54 AM #3286
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01-03-2023, 10:47 AM #3287
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01-03-2023, 12:51 PM #3288
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01-05-2023, 09:32 AM #3289
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01-05-2023, 09:43 AM #3290
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Haven’t those been around for 3 months or so
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01-05-2023, 01:19 PM #3291
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01-07-2023, 06:07 PM #3292
Meant more that you don't put your whole stack after you hit black 3 times in a row. People are still going to do risky plays and spread it out, but nobody is betting the farm unless they just want to go full demon mode like SBF. Seen it blow up in peoples faces 10-20x more than I have seen it work out. The gains reaper eventually gets its dues.
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01-07-2023, 06:10 PM #3293
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01-10-2023, 07:38 AM #3294
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01-11-2023, 04:29 PM #3295
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01-11-2023, 05:53 PM #3296
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01-11-2023, 06:22 PM #3297
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01-12-2023, 04:39 AM #3298
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01-12-2023, 10:15 AM #3299
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01-12-2023, 10:19 AM #3300
- Join Date: Jul 2006
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We 18.8 now
S&P Crew, Cologne Crew, Crypto Crew
For sale CC:
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