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Xorkoth

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I'm developing a plan with a new friend I made who is a crypto millionaire. Gonna catch the gains that I can from the rest of this bull run, go into tether before the next big correction, stake it for gains, and then at the bottom, position into the stuff at the biggest discount that he believes is going to be big next time, and catch the entire next bull run. Wish me luck. :) I got a couple of hot tips on stuff in early dev now that is likely to become a big deal in a couple of years.
 

thegreenhand

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Anybody use swan bitcoin? It does recurring monthly transactions from your bank account direct to BTC. A friend of mine has been using it and has only high regards for it. Any experiences?
 

Cheshire_Kat

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Buying BTC from just about any exchange is usually fine, just compare the charges so you don't get gouged. The important thing is to hold your BTC in a hard wallet, never leave it "deposited" in any exchange.

The rule of thumb is "if you don't own the private key to your BTC, you don't actually own it."
 

thegreenhand

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Buying BTC from just about any exchange is usually fine, just compare the charges so you don't get gouged. The important thing is to hold your BTC in a hard wallet, never leave it "deposited" in any exchange.

The rule of thumb is "if you don't own the private key to your BTC, you don't actually own it."
Yeah it does automatic withdrawals (if you want) to any given wallet. I use electrum on my hard drive, it simple to use
 

Xorkoth

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I've been learning about Bollinger Bands and MACD indicators and using $500 of my crypto investment to day trade. Been buying low and selling high on MATIC and have turned $500 into $650 in 2 days. I lost a couple of times but overall it's been pretty reliable. Learning a lot every day. Next bull run I am going to make a LOT of money. Gonna try to make as much as I can this bull run too though I got in very late. Still, have been adjusting my positions in anticipation of when BTC breaks resistance and shoots up to 72k. Catch some serious gains, I hope.

My goal is to turn my investment into as much as I can this bull run, then sell into USDT when we hit the bear market, stake those coins for returns, accumulate as much new capital as I can over the year or 2 that it's a bear market, possibly trade futures (with the guidance of my new crypto millionaire friend and his telegram group), and position myself into various projects, new and established, that we think as a group will pop off when BTC surges again. The alts tend to bottom out really low during the bear markets. So if you're already in them when the next bull run hits, you can make 10x, 20,x, 50x, 100x easily. So my goal is to plan and execute. Hope to get wealthy within the next 2-3 years.



MNMD it dipped a little today go grab it now and thank me later

Yeah I'm looking for a good buy point for this. Honestly long term probably any time is but I'm more focused on crypto right now.
 

Xorkoth

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BTC is popping its head above 56k finally, and a couple of my alts are starting to fly. And ETH and BNB are doing great. I'm working with a very experienced friend to throw $100 at a time into brand new coins on Pancakeswap and flip them for 50x profits or more. He regularly does it. A few weeks ago his $100 became $24,000 in a day. I'm gonna just make a rule to research, make sure it's not coins where they lock the liquidity, and only ever put $100 in as a max.
 

Mr. Krinkle

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BTC is popping its head above 56k finally, and a couple of my alts are starting to fly. And ETH and BNB are doing great. I'm working with a very experienced friend to throw $100 at a time into brand new coins on Pancakeswap and flip them for 50x profits or more. He regularly does it. A few weeks ago his $100 became $24,000 in a day. I'm gonna just make a rule to research, make sure it's not coins where they lock the liquidity, and only ever put $100 in as a max.

ETC took off yesterday

keep an eye on that..i loaded it up on it when it dipped down to 27....that's not going away either

the ceo of coinbase loaded up on Ampleforth so that oughta tell ya something too
 

thujone

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I get the feeling since last year that cryptocurrency has become like the dotcom bubble. Right now everyone is just throwing whatever they've got at the wall to see what sticks.

The companies/currencies that survive after the big blowout will be the ones to invest in long-term.
 

Xorkoth

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I get the feeling since last year that cryptocurrency has become like the dotcom bubble. Right now everyone is just throwing whatever they've got at the wall to see what sticks.

The companies/currencies that survive after the big blowout will be the ones to invest in long-term.

Oh for sure. Every bull run this happens, 99% of everything is not gonna be a long-term hold. Bull runs are for making money, then you sell into stablecoins, and buy the stuff that is going to actually make it to the next bull run when they've lost 90% of their value, in the valley floor of the correction. But there's nothing wrong with catching some profits on something that's pumping, just don't make the mistake of holding past the end of the bull run or pump.

Without Tether and other stablecoins, crypto investing would be a lot sketchier.
 

Mr. Krinkle

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i think it's totally sketchy but it's still fun - i have a bunch of friends in it too which adds another layer of fun - i like it better than the casino or sports betting
 

Xorkoth

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Yeah there is definitely a bit of that gambling rush, for sure.

Of course, it could all come crumbling down and not recover, but at this point I doubt that, at least not in the near future. However, for sure there will be another big correction. We're in a bull market bubble, which is what happens every bull market. What will separate winners from losers is how people react once the bull market ends and we enter another bear market. I don't recommend you hold alts through a bear market. In fact I'd exit everything, even BTC, into Tether, and wait until it reaches the new floor in the middle of the bear market, and re-buy your positions then. You'll end up with a lot more BTC/etc, and the next time it explodes, it will be worth far more than if you had held.

Holding BTC long-term is still, obviously, very profitable. And ETH, too, almost for sure. But holding other alts is a bad move, as they tend to lose FAR more than BTC does. This is particularly true if you starting buying in after the big surge out of the bear market. If past patterns hold, BTC will end up 3-5 times as valuable at the next peak as it is at this current peak. But it also gains about 10x its value from the bear market floor during each peak. So selling at 72k (or whatever the peak ends up being), then re-buying at, say, 20k (I'm guessing, whatever it goes down to), will triple your profits next time, vs if you held it through the deflation period.
 
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