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Speculating in cryptocurrencies: A rough approach
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Jon Jones
#311 Posted : Friday, September 04, 2020 3:25:25 AM
Rank: Member

Joined: 9/11/2015
Posts: 245
Location: Thika
Price crashed to $9981. This is a good price level to start buying back people's bags. The local bottom may possibly be in or close. Time to start accumulating slowly. Thank you for the discount retail traders. Without you guys trading would not be profitable Laughing out loudly Laughing out loudly Laughing out loudly
Since men have learned to shoot without missing, I have learned to fly without perching
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snifadog
#312 Posted : Friday, September 04, 2020 9:12:45 AM
Rank: Member

Joined: 6/6/2016
Posts: 167
Location: Nairobi
good call. crypto is used to these 20% pullbacks on the ride to the top. alts have not been slaughtered the way it used to be in 17/18. trading will net you 20/30% here and there but hodling the right coin can get you 20/30x. let's talk at year end.
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Jon Jones
#313 Posted : Friday, September 04, 2020 12:07:12 PM
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Joined: 9/11/2015
Posts: 245
Location: Thika
snifadog wrote:
good call. crypto is used to these 20% pullbacks on the ride to the top. alts have not been slaughtered the way it used to be in 17/18. trading will net you 20/30% here and there but hodling the right coin can get you 20/30x. let's talk at year end.

A 30% crash in BTC is a 50% crash in ALTs. There may be some room for further downside but not by much. Maybe to 9500-9700. I agree with you that holding is the best approach for retail traders. Personally, I prefer short term swing trading because that 50% discount in alts compounded produces alpha. Between 7th July and 20th August, the average person holding ALTs made 50% return. I made 353% return. So for me, short term swing trading makes more money. It gives me a smooth equity curve with very little drawdowns. Hodling through these crashes and watching your P&L dip by 50% is psychologically challenging and not many retail traders can handle that. LINK crashed from $20 to $10. Anyone who buys now makes 100% return when the holder gets nothing/breaks even if it rallies back to $20. @rwitre's OXT crashed 63% from its local high. Lastly, I agree with you that mom and pop traders should just hodl through the crashes because thats their best chance of making money. They would underperform the market by trading in and out of coins.
Since men have learned to shoot without missing, I have learned to fly without perching
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  | | Edit by user: Friday, September 04, 2020 12:14 PM | Reason: Not specified
ngapat
#314 Posted : Friday, September 04, 2020 8:01:19 PM
Rank: Veteran

Joined: 12/11/2006
Posts: 930
Eos defi projects developing quietly. Yfi kind of project is now mining dmd tokens on Eos blockchain, max supply is 30k coins same ethereum's YFI. Watch out also for defibox(Box), defisnetwork(Dfs) and organix(Ogx)

Tron sun projects also started mining sun tokens not forgetting also equilibrium is launching its defi project on polkadot.

Hehe, think im now becoming a crypto pro
“Invest in yourself. Your career is the engine of your wealth.”
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Jon Jones
#315 Posted : Saturday, September 05, 2020 7:37:20 AM
Rank: Member

Joined: 9/11/2015
Posts: 245
Location: Thika
ngapat wrote:
Eos defi projects developing quietly. Yfi kind of project is now mining dmd tokens on Eos blockchain, max supply is 30k coins same ethereum's YFI. Watch out also for defibox(Box), defisnetwork(Dfs) and organix(Ogx)

Tron sun projects also started mining sun tokens not forgetting also equilibrium is launching its defi project on polkadot.

Hehe, think im now becoming a crypto pro

Unless you are a programmer/cryptographer/techie, fundamentals are almost useless when trading. However, if you are a long term investor, you could get big gains in future by spotting opportunities early. The same way most pharmacists don't make money from pharmacy stocks but wallstreet traders and investors do.
Since men have learned to shoot without missing, I have learned to fly without perching
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  | | Edit by user: Saturday, September 05, 2020 7:42 AM | Reason: Not specified
snifadog
#316 Posted : Saturday, September 05, 2020 12:46:37 PM
Rank: Member

Joined: 6/6/2016
Posts: 167
Location: Nairobi
ngapat wrote:
Eos defi projects developing quietly. Yfi kind of project is now mining dmd tokens on Eos blockchain, max supply is 30k coins same ethereum's YFI. Watch out also for defibox(Box), defisnetwork(Dfs) and organix(Ogx)

Tron sun projects also started mining sun tokens not forgetting also equilibrium is launching its defi project on polkadot.

Hehe, think im now becoming a crypto pro


stop shilling your heavy bags mister Laughing out loudly Shame on you
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Jon Jones
#317 Posted : Sunday, September 06, 2020 3:44:10 AM
Rank: Member

Joined: 9/11/2015
Posts: 245
Location: Thika
mamilli wrote:
YOLOd into liquidity mining afew days ago.Currently in the SHUSHI kitchen with BAND-osaurus and Aave-boar on the menu awaiting to rug-pull Uniswap lol! Just when you thought ICOs were risky,but yours truly is willing to take one for the team.

-88% in 5 days. You need to make 12X return just to break even. Pole mblo. This one clipped you badly.
Since men have learned to shoot without missing, I have learned to fly without perching
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  | | Edit by user: Sunday, September 06, 2020 3:45 AM | Reason: Not specified
mamilli
#318 Posted : Sunday, September 06, 2020 9:11:43 AM
Rank: Member

Joined: 10/6/2015
Posts: 249
Location: Nairobi
Jon Jones wrote:
mamilli wrote:
YOLOd into liquidity mining afew days ago.Currently in the SHUSHI kitchen with BAND-osaurus and Aave-boar on the menu awaiting to rug-pull Uniswap lol! Just when you thought ICOs were risky,but yours truly is willing to take one for the team.

-88% in 5 days. You need to make 12X return just to break even. Pole mblo. This one clipped you badly.


LOL! Inakaa hii maneno hushikanishi.Anyway in yield farming,you provide funds in liquidity pools of either LENDING/DEX protocols and in return you earn rewards from the accrued platform fees.The rewards are essentially AIR DROPS of native governance tokens in my case SUSHI(hio jina jo!).Some find value in "governance" tokens but I don't thus I sell them on daily basis.APYs are usually insane (>1000%) been off loading around 100 sushi per day.Are there risks? yes,some very significant but I'll let you research on that.
Never lose your position in a bull market,BTFD.
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Jon Jones
#319 Posted : Sunday, September 06, 2020 12:58:22 PM
Rank: Member

Joined: 9/11/2015
Posts: 245
Location: Thika
mamilli wrote:
Jon Jones wrote:
mamilli wrote:
YOLOd into liquidity mining afew days ago.Currently in the SHUSHI kitchen with BAND-osaurus and Aave-boar on the menu awaiting to rug-pull Uniswap lol! Just when you thought ICOs were risky,but yours truly is willing to take one for the team.

-88% in 5 days. You need to make 12X return just to break even. Pole mblo. This one clipped you badly.


LOL! Inakaa hii maneno hushikanishi.Anyway in yield farming,you provide funds in liquidity pools of either LENDING/DEX protocols and in return you earn rewards from the accrued platform fees.The rewards are essentially AIR DROPS of native governance tokens in my case SUSHI(hio jina jo!).Some find value in "governance" tokens but I don't thus I sell them on daily basis.APYs are usually insane (>1000%) been off loading around 100 sushi per day.Are there risks? yes,some very significant but I'll let you research on that.

How convenient Laughing out loudly Laughing out loudly Laughing out loudly
Since men have learned to shoot without missing, I have learned to fly without perching
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mamilli
#320 Posted : Sunday, September 06, 2020 2:17:32 PM
Rank: Member

Joined: 10/6/2015
Posts: 249
Location: Nairobi
ngapat wrote:
Eos defi projects developing quietly. Yfi kind of project is now mining dmd tokens on Eos blockchain, max supply is 30k coins same ethereum's YFI. Watch out also for defibox(Box), defisnetwork(Dfs) and organix(Ogx)

Tron sun projects also started mining sun tokens not forgetting also equilibrium is launching its defi project on polkadot.

Hehe, think im now becoming a crypto pro


DeFi outside Ethereum will be hard to sell,liquidity will always attract more liquidity.But if the pumpamentals are aligned,take the swing.DeFi aside,am convinced of one thing this bull cycle, Polkadot will melt faces.
Never lose your position in a bull market,BTFD.
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  | | Edit by user: Sunday, September 06, 2020 2:19 PM | Reason: Not specified
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