Opposing views and heavy negative sentiment are useful because they often signal that a bottom is close. I welcome it, and sometimes countertrade it. The recent posting reminds me of this thread in March 2020 when bitcoin was under $4000 US.
I do presales that usually don't exceed 1k BNB. Depends how it initially goes but if you pick solid projects and manage to get in, then you can easily 10-20x your initial invesment.
Consolidation usually indicates continuation, so I won't be surprised if we have more downside in the next month or so. Shares and property are getting hit too, so I'm not sure why crypto is receiving such a large share of the negative attention.
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How many houses are going to 0 overnight? Being stolen by Korean government hackers?
How many houses do x100 in a year?
Who cares about Koreans stealing your house when heaps of people are losing their life savings to collapsing Aussie construction companies?
Many people lose their house overnight. They lose all the money they've put into it. Stolen by a system that effectively rewards greed. That doesn't mean housing isn't a very good long term investment.
I think if you read my posting over the last few months you will know what I'll say
. My strategy though:This is what I don't understand, there are literally mechanisms in place to make money if you think crypto is useless and will trend to zero, instead of telling people in crypto that it is going to zero for the last decade.How many houses do x100 in a year?
You pay a premium in risk for the potential of making larger gains. For those who want to play it relatively safe while dipping their feet in, bitcoin and ethereum are highly unlikely to go to zero any time soon.
For those who want a higher level of risk, there's leverage trading and playing with small marketcap altcoins.
For those who think crypto is going to zero, short it to zero. Easy money, no?
Something for everyone.
What crypto games are out there that are good fun to play?
Whats your view on el salvador right now? It seems like its on the verge of defaulting its debt. Imf is demanding they stop using bitcoin as legal tender.Opposing views and heavy negative sentiment are useful because they often signal that a bottom is close. I welcome it, and sometimes countertrade it. The recent posting reminds me of this thread in March 2020 when bitcoin was under $4000 US.
Notice that many of those posters disappeared once price stabilised. I suppose they'll be back when we have the next dump.
The market today tells you nothing about wherther you will make or lose money from this point foward.
Another aspect of the process I'm interested in is finding influencers with a good track record at picking tokens early. Can you think of any?I think if you read my posting over the last few months you will know what I'll say
- Project team is doxxed and engage with the community daily
- Treasury wallets are disclosed
- Organic social media presence i.e. aren't paying bots to pad followers/shill the token, are not paying social media influencers
- Relying on more than just the token price to build the project i.e. more than one product arm, so their treasury can grow even in bear markets
- Have products in a growth area for crypto e.g. GameFi
- If staking is available, a mechanism like buybacks/burning in place to help counteract an inevitable increase in supply on the open market
- Able to attract large and well respected investment funds for seed rounds
- Take ownership of mistakes and learn from them
I'm not informed on the topic to have a strong opinion.
Until now crypto has had fairly predictable cycles centered around bitcoin reward halvings. There's good reason to believe crypto will have another bull run after the next halving in 2024, which is expected to conside with better economic conditions.
Not much security/utility in a house once the bank repossesses it tbh.
It doesn't disappear out of the economy.
Honestly, very little right now, there was way too much focus on the 'Play to Earn' aspect and not the 'Play and Earn' during the last bull run. However, Ascenders is one that will be released next year that has capacity to be a true AAA crypto game. Definitely some promising games in development that will flush out games that were designed for the earn aspect only and not the enjoyment of playing a game.
Pentoshi is how I and many others early on found Merit Circle, it is the only alt that he has ever invested heavily into outside of ETH (now part of the team so keeps any shilling to a minimum). Altcoin Psycho has a good eye from what I've seen as well.
I'm not saying they're the same thing in reality but to the person who lost everything in crypto vs the person who's now homeless because the bank repossessed or the building company went under, there's no difference.
