Mooning is over. There will be random fits and starts based on chance.
I think Crypto from this point on is destruction of alt coins that in reality are useless and hodling ETH/BTC and a very few promising alts in the hopes it pans out.
Date: January 11th, 2018 12:14 PM Author: Stimulating pearly dopamine
Go back and check a chart of ETH's growth over the last year. It was a lot of nothing, punctuated by sudden bursts of growth (and occasional flash corrections).
You know, kind of like how the market will continue to be going forward.
The die has been cast. You had to be in by December to realize those 100x gains on alts that were going for cents. Those who missed out are in for months (years?) of stagnation and decline.
Yes, additionally not many of us would be terribly comfortable just lobbing 50k into this thing. It's a barrier to entry now, that if you only have 3 or 5k to throw in, you could make a few grand. But if you wanted to possibly make 10-30k, you'd need to put in at least that much. The market is so volatile is disconcerting. It's still possible to make some money, but less so every day, and you have to already have money to burn to really see a significant profit.
I lobbed in 25k last May, 25k more in nov and 10k two days ago - my portfolio currently goes in and out of $1,000,000. I've made big bets on strong coins, limited impulsive value-destroying trading and sneered at weird pump coins.
chutzpah, discipline, research and some investment sense can still net you lots of $ in this market.
I had the same problem initially. Maybe think of how much more you’d have had you literally left everything alone instead of chasing pumps or fleeing from dips.
It relates to having confidence in your coin’s story. I’m personally in love with xlm so I can withstand awful swings because of my belief in the long term outlook. If you think deep down though your coin is garbage you’ll want to flee at the first sign of trouble
Please. You lucked out by investing in May and November. That's 90 percent of the reason you're sitting on a million now. As they say, timing is everything. Don't front like there's a science or philosophy here, it's educated guessing with trial and error strategy.
Edit: and above all, timing. Anyone who invested 6 months to a year ago has what you have, or far more.
Date: January 11th, 2018 12:57 PM Author: Racy Alcoholic Pervert
I started in April with ETH, then forgot about crypto until two weeks ago. Would probably have way more if I got into trading shit coins before then, but still increased my ETH stack by quite a bit just doing shit coin trading in the last two weeks.
Wish I had the balls to go "ALL IN" on one shitcoin....but I don't. I am heavily diversified in my shit coin trading, so that something is always making money while another coin is losing...no huge gains this way, but no huge losses either.
Date: January 11th, 2018 12:37 PM Author: Hyperactive excitant circlehead plaza
It's incredibly easy to still get a 100% return in a day. Happened to me yesterday with VEN. That adds up extremely fast. Just have to better about your picks at this point.
Date: January 11th, 2018 12:58 PM Author: Nudist field
Hong Kong-based Binance.com is adding “a couple of million” registered users every week, with 240,000 people signing up in just an hour on Wednesday, Chief Executive Officer Zhao Changpeng said in an interview with Bloomberg Television. Demand is so high that the company is limiting new customers, he said, though Binance may fully reopen in the coming weeks.
Not generally a fan of China regulatory environment/leadership. I use Binance, but they banned ICOs, exchanges could be next. They don't want anything to get too popular. And when/if they do, what happens to your money?
Date: January 11th, 2018 1:35 PM Author: Nudist field
it sure sounded like your op regarded a tapering of interest/enthusiasm and not the possibility of a regulatory event, a risk that has existed for the life of the crypto gold rush
Date: January 11th, 2018 1:10 PM Author: Hyperactive excitant circlehead plaza
This is a very important data point people should pay attention to. Doom and gloom threads are being made after a few bad days. Millions of people entering the market means a lot of new money flooding in.
Date: January 11th, 2018 1:06 PM Author: Racy Alcoholic Pervert
It's much riskier trading shit coins than holding ETH/BTC, but you can still make it big, as long as you back the right shitcoin and go "big" on it. A lot of the guys making huge gains went big on one or two shitcoins, but you can also lose all of your money this way...so it depends on whether you want to take that risk.