Haha, if I told you how much I made and then lost with Friedcat, Havelock, Bitfunder plus MtGox, you would be wondering how on Earth I didn’t jump off a bridge.
Everybody cheering at Bitcoin taking off.
I’m feeling very sad/disappointed as to why.
Crypto lost its way a long time ago. Will be unbelievably glad the day this project comes to life and sets some of this nonsense straight.
I think its best to think of it as bringing money into the crypto space in general. That does help other projects, like this, in the long run.
I suspect bitcoin is good enough to stay on top for a long time though. It is also paving the way for acceptance of other related technologies.
All very true, even parasitic leeches (institutional or otherwise) have their role to play.
Just don’t mistake the bite for something else long term
Why you buy older than 1.5 year shitcoin? Its not good for fresh shitcoin with low market cap?
Thank you for your info, very helpful!
Where the Bitcoin next ATH will be set ?
Interesting flow on Bitcoin Blockchain from whales to smaller wallets in past month.
https://app.flipsidecrypto.com/cooperative/bitcoin?utm_source=cmc&utm_medium=website&utm_campaign=coop-bubbles
Do you think MAID is a good “shitcoin” for this purpose, or is e.g. the market cap too high?
But that’s really just about your own psychology, not about the noobs’. I guess it’s good to be aware of one’s own weaknesses. But what would make MAID a bad/good strategical “shitcoin” if you knew nothing about it?
Liquidity is a fraction though, and that alone is a risk. (Not talking about @Antifragile’s strategy here; for that, liquidity isn’t an issue: when you’re buying, it doesn’t matter, when you wanna sell, you have enough of it.)
What is maximum market cap to buy shitcoin is good?
You must be a TA god.
A small study about leverages and portfolio returns.
This plot shows the effect of a single instrument on the portfolio’s value when it’s invested with leverages between 10% (blue) and 100% (greenish). The range of returns for the instrument is shown between 1/5 and 5x. You may notice I chose logarithmic scale for the axes since that’s the natural choice for returns: a price drops to its half about as likely as it jumps to its double, more or less.
If you look closely you’ll see that only the line for 100% is straight: all others give you a bit more on the upside than take you from the downside (this is what Nassim Taleb calles @Antifragile) and more so for smaller leverages than larger ones. Using small leverages transform the return distribution, basically.
The two key takeaways are:
- investing in many coins with small leverages is a good idea because this can exploit the outsized upside when they individually pump,
- since BTC has a huge effect on the market as a whole, it’s important to keep the total leverage invested in this strategy small to avoid sudden losses when the coins crash all at the same time.
I don’t think his strategy has much to do with TA to be honest. After selecting a trading universe based on a few common-sense rules, it’s purely about exploiting a situation when winning gives more than losing takes away, then letting randomness run the game without trying to predict anything based on inverted michi clouds or whatnot.
Hey @Antifragile do you want to make a friendly bet? I bet my 100$ bag of Hex (at today’s price these are 18181 Hex) will make more money than your 100$ coin bag for 1 year. The winner receives a Safe T-shirt.
I’m ok for you to spin $ 100 as you want for 1 year and at the end of the year to say how much money you made with them. I guess it won’t be difficult for you to calculate the percentage, because you know how much money you start betting with now and how much you will end up with in 1 year
I am sure that knowledge can beat chance. And I want the bet to be for 1 year, because Richard design Hex to make x10000 in 2.5 years, ie. after another 1 year I expect it to be close to those x10000.
How do these clarifications sound to you? Are you ready to lose?
I do not understand for whom the bet is not fair? For you or for me?
Ahaha ok, so I accept your version of the bet, the probability that Hex will make x100 in less than a year is still better than your bag to make x100 ever
Why do you like Hex so much?
The right question is why I like it so much There are no admin keys and you pay interest on your money without a third party to yourself. It’s perfect for holders who don’t trade like me.
Most of the other DeFi projects are in reality CeFi - a real crypto cancer. The crypto is designed to remove middlemen, and Hex does exactly this and is good for the whole crypto community… I support decentralization.
If that is the only reason, there are plenty of PoS to choose from where you can stake and earn passively.