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Just once I would like for a company that I actually support to do something stupid so I can boycott them. That said, his strategy was carried out during WW2 and, surprise surprise, the companies that benefited off slave labor fought tooth and nail to keep them long after the men returned from the war.
It is very hit and miss. Once you understand the psychology then you fall into less traps than the average person. That said, the rules change all the time so any plan or pattern you can sniff out will work until it doesn't.
That said, it is always gratifying to put some money into something and take it at when it rises 20 percent, while it does not sound significant, 20% of 5 or 6 figures can mean something. At the same time, a poor choice leads your money to getting tied up, forcing you to leave it there and hope for the best or pull out at a loss to deal with other matters.
Risk v reward. There are some 10 thousand different cryptocurrencies to choose from. Some of them are viable, many of them are scams or joke/social/meme coins.
What you say about low cap coins is true but good luck differentiating between them for viability.
That said, factor in the psychology of stupid people that follow the herd and you can make some good money on the side from shit coins if you can sniff out the momentum before it arises. Again, good luck picking out from the several thousands.
Some announcement apparently about news that it will go to a penny somehow. If it is anything like SFM, the claim is that the supply will someday be burn enough to make such a high price feasible.
Everyone took it as prophecy and bought in and has since shot up, but it looks like the reality is setting in because it is starting to fall.
It was definitely one of the best times to invest since crypto fear greed index was in the 20s. Now it is in the 40s-50s
Yep, plenty of videos of people looking into shit she invests in. They also invest the same way and turn out profitable.
The likelihood of that mooning is inversely proportional to how many people know about this. That said, if it has not risen in anticipation of this release, then there is a better chance it may spike.
I will pretend to drop 4 figures.
And just as I type this, I see the price already shot up 20 percent.
It takes a few good ass kickings to practice taking some money off the table. While I am not entirely satisfied with the amount that I took off the table to reinvest, I am pleased that it is better than me leaving everything on during may.
I hear you. I took the effort to jot down everything on excel and have it streamlined so that I know exactly what transactions are profitable to sell at a given moment. I may also modify it to keep track of losses for tax purposes.
But yeah, don't fall for that "diamond hand" BS and take money off the table whenever you need to.
Me. My hypothesis was that this week will see an unprecedented significant dip. So I was able to jump in finally.
My next hypothesis is an uptrend to begin by the end of this week or next. Given the severity of the dip, I expect an additional week will cause things to stabilize before going back up.
NFA and all that.
This is valid. Another thing to look out for are social coins'. They are similar to meme coins in that they are more group-specific, like sports coins and other brands.
I suspect this trend in rising social coins will spawn many companies producing their own "fun bux" coin equivalent.
My experience with binance is that you pay 0.1% fees at the most per transaction. So to break even, you would need to sell an asset above 0.2% your purchasing amount.
Putting in money via debit will cost you about 5%. You can wire it for a flat 25 fee which is ideal if you intend to add more than 500 dollars.
I do not know the fees of withdrawing anything.
There are also coin-specific fees you will need to watch out for, I notice buying BNB automatically took out 5 or 10%.
It is as valid as any other meme coin. Whether or not it will pay out is anyone's guess since there is little in the way of fundamentals.
Not surprising, you go into these reddit subs and you see they are all filthy commie jackasses. In one particular sub, they had their creator posing with Andrew Yang, everyone was taking turns sucking him off.
It should be no surprise that these commies are throwing their government issued money into these coins hoping they will pay out.
They have been programmed long before loot boxes were called loot boxes. They were called Gacha machines and then they spread to the monstrosity that they are now. That said, I expect it to continue to evolve and expand.
That would have made sense to do before that coin went mainstream, but when everyone knows about it, then it is saturated and there wont be a large onslaught of people that HAVENT already heard of it that would potentially buy it.
some people saw the writing on the wall and dropped 5 figures into it and 40x their investment.
Now is a good time to buy since the fear-greed index is abysmally low, but do not expect anything greater than a 5x increase within the next year or two.
I only ever used binance. I have had no issues with it except that it took me several weeks for everything to be in order, made me miss out on locks. That said, I deem it satisfactory for everything else. Fee wise I think it is 0.1% per transaction.
Give biden a few months, I am sure he will double the amount of money currently in the world.
Avoids corrupt systems. Places funds into a facebook product. Pick one.
It is as preposterous as gold or compressed carbon.
A pain I understand all too well. I had that happen to me for several weeks. It never failed, the damn system kept bugging out on me when the prices were down by 25% or so percent. As soon as they were 25% above baseline, bam, money coming in. But it is rising, better go all in! And then it fell again to 25% below baseline, and wouldn't you know it, I am maxed out, I guess I must wait 24 hours for it to clear before I can add more money... and just like that, it is 25% above baseline again!
I was more of a rookie back then and have learned from it. So even if whatever you do will not matter because this dip may end, rest assured that more will come. I noticed one happened on 4/20, 5/8, and then again this week.
There have been a growing number of people sell out their BTC specifically due to some unfolding drama, surely that may play a role. It definitely comes as a surprise after being told by everyone how it will never go back down and how it will only ever gain value over time.
It took me until my second major dip to realize the value and importance of having a reserve of funds specifically for these events. I also learned to invest incrementally so that I always have more to spend in the event prices should fall like now.
I went the old school route and use excel to quantify and visualize each transaction for each currency. It is not the most pleasant, but it does a decent job in letting me the opportune moments of buying and selling.