My answer that doesn’t involve shilling anything I already own would be to look for something that combines gaming and NFT’s. This is one area where I really think NFT’s can take off. And keep in mind I’m super bearish on the value of this hotshot crap long term.
Gamers already spend hours of time chasing valueless trophies and achievements in modern video games, and have shown a massive appetite for spending money on cosmetic items. If a network can come around that can turn these digital “trophies” into something unique, displayable, and tradable, I think it could be a big deal. But I haven’t done a whole lot of research into the crypto side of this yet.
I wrote up a really long thing and then deleted half of it because, in terms of specifically ADA, I’m having trouble thinking of an optimal plan. Lol so forgive all this focus on the first part. The bottom line is you made a sharp play and “shorted” at 1.69 and now we’re bouncing around 1.30, and that’s massive. It doesn’t matter how big your stack is; it’s like being a serious poker player and thinking in terms of BBs and not $.
I’m thinking the optimal play would be to stick with your original plan of buying back ADA and just using the 1.69->1.30ish profit for the moonshot. I mean, in terms of specifically ADA, my assumptions have proven incorrect considering how early I sold my bag. I did know I was a little early (876 sats) and got caught up in fancy-play-syndrome, but I still thought there was a hard resistance around 1000 and it would likely range. The reason I don’t feel bad about that one is because I would’ve mashed the sell button regardless before 1300, and it peaked at 3200ish.
Basically, it might seem counterintuitive but the fact that ADA already did a nice sized pump means another is more likely. All the people who didn’t want to fomo the parabolic upswing might seize the opportunity after this correction.
As far as the second part, a moonshot, goddamn I’m looking! Right now I have more bitcoin than I’ve had in awhile because I’ve been closing positions, and I’ve been looking for some more. I actually just got a bit nervous that we’re closing in on the peak considering some of the pumps this past month, even though the cycle is dictated by BTC and it’s going strong.
The lowest price for anything on Binance right now is 38sats, which is kinda fucking nuts.
My emotional pick right now would be CKB, the one with the star highlighted in that screenshot. And the ridiculos reason for that is because I’m almost closed out on my position and am really regretting it. I bought between 17 and 27 sats (along with some daytrades) and have been closing out between 30 and 47. That’s massive, right?
Sounds good, I just got some. What do you reckon is the “best” way to identify early risers, or do you rather focus on small swings? While it’s fun throwing shit at the wall to see what sticks, the only reason I make a profit ($, not sats) on my altcoins is because the tide is rising in general.
I’ve got about that in Stellar Lumens for no other reason than i was bored of owning 0.00001234 of a bitcoin and wanted 4000 of something I equally have no idea what it is, does or whatever.
Well, recognizing the tide is rising (bull market cycle) is the first and maybe biggest part. People lament being too late but you can also be too early and miss value.
I’m not sure which I’d rank the “best” but the things to consider:
Ok, lol, it’s funny that this needs to be stressed, but it needs to be a project that actually exists. It doesn’t matter what they’re doing as long as it’s actually a project with developers and others invested, in a labor sense, in it. During a big cycle it will get pumped if it meets this criteria, because there is a lot of ridiculous shit out there not meeting this criteria. From the outside looking in it might all be ridiculous shit, but if people are looking to throw money at the next potential bitcoin or ethereum, it’s black and white.
The small marketcap and potential upside. Like when people actually ask if Ripple is gonna be worth 50$. That’d be more money than exists in the world, so… Probably no?
The actual price of the coin. It’s an observed psychological phenomenon that people like to have 1000 of a thing worth $1 than 1 of a thing worth $1000.
The past price action, in that your 1cent coin hasn’t just gained 10x from a fraction of a penny, but also that it has made parabolic moves during past mini-bull runs and corrected parabolically as opposed to outright crashing. An exception would be if it’s new, because people like new, shiny things. This doesn’t require any technical analysis, just looking at a graph. Like,
Social media buzz. Like I’ve said more than once, even the HFT super computers do this, scanning twitter et al for negative and positive sentiments and news. It’s called “High Frequency Trading” not “High Something Not Totally Stupid Trading”.
The thing that makes me fascinated by and obsessed with the crypto markets (any speculative market, essentially) is that it’s not even about being sharper than the average person, it’s about being sharp enough to know what stupid shit the average person is gonna do and do that stupid shit before they do.
i had $25 bucks on cashapp from random things with friends/coworkers, so i just bought bitcoin with it planning to put it on bovada to add to my small roll there. Then when i went to send it to bovada it was like an 8 dollar fee, but i figured out how to do custom fees, just wasnt sure how much that changed the timeline, if its a day thats no big deal.
That is excellent, thanks. And yes, the crypto market is an endless source of wonder. It actually pays to tell everyone what obscure cheap but high potential coin you’ve found to invest in, rather than keep it to yourself, because you want other people to invest and drive the price up.
If you mouseover the right side of the graph it will show you the current mempool state.
So as of right now, if you paid 10sat/b, you would be included in the next block if it were mined immediately. The graph will show you roughly how long it has been since a given fee transaction has been included, a 6sat/b tx hasn’t been included for weeks, there’s a pretty good shot 8 would get it done in a few days, but I wouldn’t go below that right now.
