re: Official CryptoTalk Thread

idk. yea I'd rather have honest discussions about crypto than just pump everything

the ETH defi crap is clearly broken. not sure why we need to hide that from potential investors. just is slimy

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the ETH defi crap is clearly broken. not sure why we need to hide that from potential investors. just is slimy

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i agree...its either 2.0 works or eth fails in the long run imo. i think thats why you leverage with ada/dot at just to be safe.

yea def those coins are great value plays

for full clarity I'm pretty bullish on crypto overall in the short term. long term I have reservations

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New ATH for ETH! Closing in on $1500

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I know I’m not worried about the price of ETH, just the fluctuations, but damn it’s hard to watch this spike knowing I just sold last night.

Don’t sweat over it brotha, it’s bound for a correction at some point. Unless it just explodes to $2K like the run BTC had couple of months ago

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but damn it’s hard to watch this spike knowing I just sold last night.

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That’s why the small gains aren’t worth the stress. Just accumulate on dips. Swing trading DOES NOT work. Trust me. I swung a stack of link at like 24 cents because I thought it would go back under 20. Guess what it shot past 30 cents and didn’t look back for a long time. By the time it did I was invested in something else and didn’t have funds to buy my swing trade. Time in the market is way better then timing the market. If you think the asset will gain and want to accumulate more then buy more when you can.

also ADA and DOT provide nice staking returns, do not like the ETH2.0 lockup period though

well like we discussed above. If you dont sell eth and dont play it weekly, you are missing a lot of gains.

for example eth is about to break 1500 for an all time high, putting it up over 100% this month.

But lets look at it this away

Jan 10th you sell @1325, topped out at 1348. You buy again on the 11th at below 1k. sell again on the 19th when it went above 1400 again for 40% gain.

bought again on the 21st when it dropped to below 1150, sold again on the 24th when it went above 1400 again for 20% gain.

bought again on the 27th under $1250, sold on the 29th above 1400. 12% gain.

bought sunday under 1300, held until it peaks today, lets say 1525. thats a 17% gain.

so not only did you get the big run up before these peaks and valleys of lets say 800 or so around the 1st to 1300 on the 10th. 62% gain.

lets say you had one coin you bought at 800 and did that.

$500 + $400 + $250 + $150 + $225= $1525

lets say run stops at $1525 today 1525-800= 725.

so even if you didnt hit the peak and took profits and didnt compound them, you would have made doubled the profit for the month.

if you notice each subsequent buy in is higher and higher so you are still gaining the upward trajectory.

some will say fees and taxes even that out. Fees are miniscule on that and would be something like $5 on each of those trades.

Taxes.. well holding for 2 hours and holding for 360 days puts you on the same captital gains tax.

this is just how i see things. I know others like to set and forget and that works too and i have made plenty of money that away.

DOTs staking experience and process is horrible from what I’ve seen. ADA is hands down the easiest and most accessible.

interesting i need to do some research