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Cryptocurrency mega-thread

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CRO up over a dollar Aussie* this morning. Was about $0.27AUD a month ago


* Coinspot prices
 
BACCS said:
I saw that saying on CT today, very true. That’s why missing out on the Galaxy pump sucks, but there are so many of these metaverse coins now that are only getting more and more popular.
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**** it, I’m in on GALA at 39 cents after a pullback overnight. Out of my KDA position as the price and volume is dropping right off over the last few days, chart looks terrible for the short term.
 

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BACCS said:
The trading bug is addictive Evolved1, how do you control yourself from making emotional trades?
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Setting ground rules for myself is the biggest key. Emotional trading is the easiest way to get rekt.

If I've missed a trade, I'll usually let it go and look for something else. If I can't bring myself to do that, I'll buy a small amount or DCA buys.

If price is dumping hard and I want to sell, I'll generally wait for the relief bounce before selling. Often I'll buy more in the midst of a dump and sell that as well during the bounce.

Think of it like catching a bus or train. If you miss a trade, there's always another. Preserving capital should be the number one goal for any trader. Some coins pump in bear markets though the opportunities are harder to find.

A lot of it comes with the experience from making a lot of mistakes. I like to think I've refined my trading based on past mistakes, and I'll continue to do so. My biggest mistake in this bullrun has been lack of patience with trades. Next bull I plan to make a lot more mid and long term holds.
 
Evolved1 said:
Setting ground rules for myself is the biggest key. Emotional trading is the easiest way to get rekt.

If I've missed a trade, I'll usually let it go and look for something else. If I can't bring myself to do that, I'll buy a small amount or DCA buys.

If price is dumping hard and I want to sell, I'll generally wait for the relief bounce before selling. Often I'll buy more in the midst of a dump and sell that as well during the bounce.

Think of it like catching a bus or train. If you miss a trade, there's always another. Preserving capital should be the number one goal for any trader. Some coins pump in bear markets though the opportunities are harder to find.

A lot of it comes with the experience from making a lot of mistakes. I like to think I've refined my trading based on past mistakes, and I'll continue to do so. My biggest mistake in this bullrun has been lack of patience with trades. Next bull I plan to make a lot more mid and long term holds.
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Do you mind going through an example of when you weren't patient with a trade, and holding longer would've paid far better?
 
Made my own token. But you need to have some developer skills and marketing skills to make something of it, which is fair enough. But I'm not ruling out learning more, you don't need a degree to build a website and a brand and I don't think you do to learn some developing skills, but building a blockchain and other technicalities involved in crypto is probably beyond a layperson.
 
Did most of you guys put in a relatively small amount and have some good gains and that's what you work with? Or did you invest decent coin?
I don't have a heap of disposable at the moment.
And when I have a couple good jobs I'll filter a bit into my swifty account.
I haven't really had much luck being a noob, but have been pretty interested in crypto for a while.
How do you guys educate yourselves? YouTube? Websites?
A lot of these YouTube channels have a dodgy shit vibe 😂.
 
BACCS said:
Do you mind going through an example of when you weren't patient with a trade, and holding longer would've paid far better?
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There's plenty.

I bought ADA at 8c and sold it all by 13c
Bought BNB at around $20 and sold about half of it at $45
Bought plenty of ONE at around 3c. Can't remember what I sold for, maybe a 2 or 3x
I had plenty of ETH bought between $100-$200, sold plenty of it at $400

I tend to be inpatient with trades. That works well in a bear market but not so well in a bull market.

I went heavy on BNB at one stage in 2018. That stack would be worth about $5 million today if I held. Such is life.
 
BigBirdz said:
Did most of you guys put in a relatively small amount and have some good gains and that's what you work with? Or did you invest decent coin?
I don't have a heap of disposable at the moment.
And when I have a couple good jobs I'll filter a bit into my swifty account.
I haven't really had much luck being a noob, but have been pretty interested in crypto for a while.
How do you guys educate yourselves? YouTube? Websites?
A lot of these YouTube channels have a dodgy sh*t vibe 😂.
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Crypto is a bit of a circus and the YT and twitter shillers are the clowns. Most of them post excessively bullish content for engagement or because they're being paid to shill tokens.

Which part of crypto are you looking to be educated on? There's a lot of ways to make money in crypto. You could dollar cost average your buys, look for low marketcap altcoins with potential for growth, trade, go into NFT's.

If it's trading, I'd recommend starting with free content from this guy:
 
Evolved1 said:
Crypto is a bit of a circus and the YT and twitter shillers are the clowns. Most of them post excessively bullish content for engagement or because they're being paid to shill tokens.

Which part of crypto are you looking to be educated on? There's a lot of ways to make money in crypto. You could dollar cost average your buys, look for low marketcap altcoins with potential for growth, trade, go into NFT's.

If it's trading, I'd recommend starting with free content from this guy:
Click to expand...

I guess I'm just wondering how people make their trading plans.
Is it mostly studying charts, waiting for your ideal candle stick movements, say 3 red drops of x amount, then invest, then if it drops directly after bail out? Or if it increases wait your say, 2 green sticks then sell?

Is this an overly simplistic example of kinda what you do or am I way off the mark.?

Oh yeah thanks for that Twitter info.
That's helped a bit.
 
BigBirdz said:
Did most of you guys put in a relatively small amount and have some good gains and that's what you work with? Or did you invest decent coin?
I don't have a heap of disposable at the moment.
And when I have a couple good jobs I'll filter a bit into my swifty account.
I haven't really had much luck being a noob, but have been pretty interested in crypto for a while.
How do you guys educate yourselves? YouTube? Websites?
A lot of these YouTube channels have a dodgy sh*t vibe 😂.
Click to expand...

Honestly the best way to start off is just pick a small amount you can afford each pay and ship it to Binance, start averaging into BTC and ETH while you educate yourself on other possibilities. I started out just buying $50 a week.
 
BIRDBRAIN said:
Honestly the best way to start off is just pick a small amount you can afford each pay and ship it to Binance, start averaging into BTC and ETH while you educate yourself on other possibilities. I started out just buying $50 a week.
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That's pretty much what I'm doing.
I'm just interested on how everyone actually learns the trade.
Is it just experience? I'd like to start getting a bit more involved.
Keep some long term coins but trade some others to make small gains/maybe big gains if the cards fall right.
I feel there's still a small percentage of the world's population messing around with crypto so there's massive upside the more people get involved. Imagine if it became the norm for superannuation accounts to have crypto in its investments.

As long as my feet are in and I'm mucking around with it there's huge potential for 20years down the track.
 

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Dont At Me said:
CRO up over a dollar Aussie* this morning. Was about $0.27AUD a month ago


* Coinspot prices
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Yeah I bought about 2,500 of them around 22-23 cents

I reckon this is a bubble big time. To get one of the Crypto.com credit cards you need to buy $5k worth of CRO and hold it for 6 months. I reckon this is pushing the price up but once people start getting out of the 6 month holding period there will be a big sell off and drop in price
 
BigBirdz said:
Did most of you guys put in a relatively small amount and have some good gains and that's what you work with? Or did you invest decent coin?
I don't have a heap of disposable at the moment.
And when I have a couple good jobs I'll filter a bit into my swifty account.
I haven't really had much luck being a noob, but have been pretty interested in crypto for a while.
How do you guys educate yourselves? YouTube? Websites?
A lot of these YouTube channels have a dodgy sh*t vibe 😂.
Click to expand...
I invested a relatively small amount. I was kinda lucky, I have a few good friends who have been in crypto a long time and were very helpful. Look for small market cap alt coin's that have an actual legit use in the blockchain world, and then research the shit out of em. I prefer crypto twitter to youtube. Set goals that you want to achieve and never ever forget to take profit on the way up.
 
thedreadpirateroberts said:
I invested a relatively small amount. I was kinda lucky, I have a few good friends who have been in crypto a long time and were very helpful. Look for small market cap alt coin's that have an actual legit use in the blockchain world, and then research the sh*t out of em. I prefer crypto twitter to youtube. Set goals that you want to achieve and never ever forget to take profit on the way up.
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what has been very profitable for me is looking for smaller market cap projects on the bigger parachain's. eg unilayer- uniswap. polkadot - polkadex
 
Exciting day today. I’m finally back in profit.

I put too much, too soon into RFOX. Without knowing anything about crypto. I just liked the idea and the market. Turned out I bought at the early peak and proceeded to lose 90%. It then did nothing but disappoint me for 6 months as I continued to hold. I’ve now broken even again today.

I’d be laughing if I waited a month, bought at the bottom and watched as it’s done x6 so far since then….
 
Chris25 said:
Exciting day today. I’m finally back in profit.

I put too much, too soon into RFOX. Without knowing anything about crypto. I just liked the idea and the market. Turned out I bought at the early peak and proceeded to lose 90%. It then did nothing but disappoint me for 6 months as I continued to hold. I’ve now broken even again today.

I’d be laughing if I waited a month, bought at the bottom and watched as it’s done x6 so far since then….
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Have taken profits on it earlier in the year and now I’ll hold. To the moon!
 

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cotter101 said:
Have taken profits on it earlier in the year and now I’ll hold. To the moon!
Click to expand...

I told myself once I broke even, I’d decrease my holding and diversify a bit more….or I could just ride it to the moon instead.

I’ll see how it goes this week.
 
BigBirdz said:
I guess I'm just wondering how people make their trading plans.
Is it mostly studying charts, waiting for your ideal candle stick movements, say 3 red drops of x amount, then invest, then if it drops directly after bail out? Or if it increases wait your say, 2 green sticks then sell?

Is this an overly simplistic example of kinda what you do or am I way off the mark.?

Oh yeah thanks for that Twitter info.
That's helped a bit.
Click to expand...
Candle stick patterns play a small part of it. There's a lot of different ways to trade, and it's best to find one that works for you. I know of someone who learned how to trade purely by watching charts and looking for patterns.

It's not something you're likely to be successful at overnight, so I'd recommend spending a lot of time studying and paper trading or using token amounts of cash. Once you're repeatedly profitable in paper trading, ply your trade with more money.

There are a few professional traders on yt, discord, and twitter as well. Bear in mind that most traders lose money.
 
$REVV killing it today and I didn’t back myself in… again. To the person that said trading in a bull market is easy, that’s not true. You’re just as likely to make stupid decisions chasing pumps too late and then missing out on another pump because of it.
 

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