weekend grass touching but was thinking bout the current market pa
lots of bullish news + ct shouting up, is this it?
i'm still of the view that we'll head back down for now. am i just in disbelief (final stage of the market cycle) ?
one of the challenges as an investor is to be able to stick to your theses without getting influenced by the majority. how high is the conviction here?
will i miss out on some gains if the market moves up from here? yes. i'm not fully deployed + swing shorting.
net gain or loss? still a net gain since my bags are of a much greater size
read a thread awhile back about how most people try to time the first three and the last three days (?) of a cycle. basically trying to time the bottom and sell the peak. most get burned doing so -> -EV to try
think i'll maintain my position for now and join the run late if needed, because there will still be a good 90% of the move up to capture
tbc.
lots of bullish news + ct shouting up, is this it?
i'm still of the view that we'll head back down for now. am i just in disbelief (final stage of the market cycle) ?
one of the challenges as an investor is to be able to stick to your theses without getting influenced by the majority. how high is the conviction here?
will i miss out on some gains if the market moves up from here? yes. i'm not fully deployed + swing shorting.
net gain or loss? still a net gain since my bags are of a much greater size
read a thread awhile back about how most people try to time the first three and the last three days (?) of a cycle. basically trying to time the bottom and sell the peak. most get burned doing so -> -EV to try
think i'll maintain my position for now and join the run late if needed, because there will still be a good 90% of the move up to capture
tbc.
cont'd
while i still aim to deploy most of my remaining port at the lowest cost price, i have started to dca bits of the remaining stables because idw to be an underallocated lil bitch after spending all my days scrolling ct
also, if i'm expecting 3-4x moves in the next 6-18 months, why am i sweating over trying to buy in 10% cheaper?
finally, as GCR said, its better to be aggressive early in the cycle and risk off as the market moves up
time to be more aggressive w my bags in '23 and enjoy '24/'25
while i still aim to deploy most of my remaining port at the lowest cost price, i have started to dca bits of the remaining stables because idw to be an underallocated lil bitch after spending all my days scrolling ct
also, if i'm expecting 3-4x moves in the next 6-18 months, why am i sweating over trying to buy in 10% cheaper?
finally, as GCR said, its better to be aggressive early in the cycle and risk off as the market moves up
time to be more aggressive w my bags in '23 and enjoy '24/'25
the current run up also helps to differentiate the strong performers from the weak
alts that are running hard rn will highly likely do the same in the bull run
the few that I’ve noticed are:
SOL, INJ, LINK, UNIBOT, RLB
(blz lmk what i missed)
pretty sure I missed out others, but don’t fade strength
during the bull market frenzy i expect price to lead liquidity
strong performers up -> normies chase and buy into winners -> further movement up -> repeat
alts that are running hard rn will highly likely do the same in the bull run
the few that I’ve noticed are:
SOL, INJ, LINK, UNIBOT, RLB
(blz lmk what i missed)
pretty sure I missed out others, but don’t fade strength
during the bull market frenzy i expect price to lead liquidity
strong performers up -> normies chase and buy into winners -> further movement up -> repeat
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Forwarded from Wu Blockchain News
In the past 24h, LINK has risen by more than 18%, making it the token with the highest increase among the top 15. The spot trading volume is mainly concentrated in BIKA, Binance and Topcredit Int, but BIKA and Topcredit Int are less credible. The trading volume of LINK contract in the past 24 hours reached 2.3 billion. — link — link
Crypto Mumbles
the current run up also helps to differentiate the strong performers from the weak alts that are running hard rn will highly likely do the same in the bull run the few that I’ve noticed are: SOL, INJ, LINK, UNIBOT, RLB (blz lmk what i missed) pretty sure…
Bluntz echoing the same thoughts
https://x.com/bluntz_capital/status/1715963957419327518?s=46&t=nluSw7cwYGx8zFxfoYi5Iw
https://x.com/bluntz_capital/status/1715963957419327518?s=46&t=nluSw7cwYGx8zFxfoYi5Iw
X (formerly Twitter)
Bluntz on X
so it seems of all the "majors" $sol and $link are the 2 standout outperformers right now that i can see.
in my experience the first runners usually continue to outperform all through the bull market.
naturally people feel they missed the boat and want…
in my experience the first runners usually continue to outperform all through the bull market.
naturally people feel they missed the boat and want…
Forwarded from Ahboyash Reads
although i have a low cost price for $LINK, i will be adding more on the retest of the consolidation range high ~$9
will be more aggressive in adding
this is just the beginning of the breakout. as mentioned from the start, such accumulations lead to very strong breakouts and it’ll leave sidelinoors behind quickly -> https://news.1rj.ru/str/cryptomumbles/2983
the discounts you wanted will not come again, so play it like darvas box
buy high, sell higher
great to see it finally moving after so long🫡
will be more aggressive in adding
this is just the beginning of the breakout. as mentioned from the start, such accumulations lead to very strong breakouts and it’ll leave sidelinoors behind quickly -> https://news.1rj.ru/str/cryptomumbles/2983
the discounts you wanted will not come again, so play it like darvas box
buy high, sell higher
great to see it finally moving after so long🫡
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Crypto Mumbles
almost a year of db accumulation in a range on $LINK
usually such accumulations result in strong breakouts with high price targets
eg. LINK 2019-2020 (378 days), ETH 2018-2020 (721 days)
LINK also maintains a strong position in the market as an oracle…
usually such accumulations result in strong breakouts with high price targets
eg. LINK 2019-2020 (378 days), ETH 2018-2020 (721 days)
LINK also maintains a strong position in the market as an oracle…
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it's at times like these that when the whole ct is shouting up up up
you should start looking towards KOLs that are more objective or even bearish ones to get a different POV
listening to a perma bull doesn't help your case here
a broken clock is right twice a day
you should start looking towards KOLs that are more objective or even bearish ones to get a different POV
listening to a perma bull doesn't help your case here
a broken clock is right twice a day
Been awhile since I've reoptimized my port and imo its still far from ready ..
Portfolio [23/10/23] (in descending order)
BTC
ETH
LINK - oracle
KOMPETE - gamefi
HMX - perpdex
SOL - hated koin, alt-L1
UNIBOT - tg bot
RLB - gamblefi
BASED - intents
BITCOIN - meme
not inclusive of my trading/short-term bags. most of these coins I've already talked about them sufficiently here.
BTC, ETH, LINK - self explanatory, continue dca-ing
KOMPETE - was initially a moonbag allocation but the pump increased its size in my port, might dca
HMX - mostly holding the free airdrop allocation (still vesting), a risk free hold
SOL - hated koin, hated rally. used it for awhile and was quite sold on the speed and smoothness also. community is the greatest moat in web3.
UNIBOT, RLB - looking to increase these as I feel underexposed to them
BASED - my thesis on basedmarkets isn't as strong anymore with intentX's imminent launch. might rotate or cut loss. depending.
BITCOIN - jeeted my initial capital, but want back more exposure
overall, having a small port, i'm trying to take on more risks to do more multiples. the next 100x is probably still in development, many more opportunities will come in time. for now, won't fade etf approval and btc dominance. profits can be rotated into alts in the later stages. also, good to categorise your port to ensure there aren't too many overlapping projects too. good post from lawliette on this -> https://x.com/0xLawliette/status/1715436434289762420?s=20
blz shill me more gems on twitter @dpycm
Portfolio [23/10/23] (in descending order)
BTC
ETH
LINK - oracle
KOMPETE - gamefi
HMX - perpdex
SOL - hated koin, alt-L1
UNIBOT - tg bot
RLB - gamblefi
BASED - intents
BITCOIN - meme
not inclusive of my trading/short-term bags. most of these coins I've already talked about them sufficiently here.
BTC, ETH, LINK - self explanatory, continue dca-ing
KOMPETE - was initially a moonbag allocation but the pump increased its size in my port, might dca
HMX - mostly holding the free airdrop allocation (still vesting), a risk free hold
SOL - hated koin, hated rally. used it for awhile and was quite sold on the speed and smoothness also. community is the greatest moat in web3.
UNIBOT, RLB - looking to increase these as I feel underexposed to them
BASED - my thesis on basedmarkets isn't as strong anymore with intentX's imminent launch. might rotate or cut loss. depending.
BITCOIN - jeeted my initial capital, but want back more exposure
overall, having a small port, i'm trying to take on more risks to do more multiples. the next 100x is probably still in development, many more opportunities will come in time. for now, won't fade etf approval and btc dominance. profits can be rotated into alts in the later stages. also, good to categorise your port to ensure there aren't too many overlapping projects too. good post from lawliette on this -> https://x.com/0xLawliette/status/1715436434289762420?s=20
blz shill me more gems on twitter @dpycm
X (formerly Twitter)
L (@0xLawliette) on X
one of the biggest things I overlooked when starting out crypto was categorizing my positions
too often people buy multiple coins falling under the same umbrella, thinking they are "diversifying" but in reality just overexposing themselves to the same market…
too often people buy multiple coins falling under the same umbrella, thinking they are "diversifying" but in reality just overexposing themselves to the same market…
as bad as friendtech looks rn, tvl is still pretty stable
most people seem tired of chasing SoFi forks and have moved on to trading the markets
the next narrative for nov is building up and a good guess would be gamblefi, triggered by $SHFL
a fat enough airdrop from shuffle will inject extra liquidity into the markets, spurring more movements
RLB, DMT, SHFL, WINR, REKT (?)
ride the rising tides
https://x.com/DigitsCapital/status/1716303736669388921?t=GW4KRZZ-ZoLq7V3wlrojBw&s=35
most people seem tired of chasing SoFi forks and have moved on to trading the markets
the next narrative for nov is building up and a good guess would be gamblefi, triggered by $SHFL
a fat enough airdrop from shuffle will inject extra liquidity into the markets, spurring more movements
RLB, DMT, SHFL, WINR, REKT (?)
ride the rising tides
https://x.com/DigitsCapital/status/1716303736669388921?t=GW4KRZZ-ZoLq7V3wlrojBw&s=35
Blackrock will be seeding in October
seeding is the purchasing of large amounts of the asset in preparation of the spot ETF
this is done usually when the firm believes that the green light is coming soon
tldr; Blackrock bidding
https://x.com/ericbalchunas/status/1716487573588070728?s=46&t=US8hdKu5FCAqApEd0gFyVQ
seeding is the purchasing of large amounts of the asset in preparation of the spot ETF
this is done usually when the firm believes that the green light is coming soon
tldr; Blackrock bidding
https://x.com/ericbalchunas/status/1716487573588070728?s=46&t=US8hdKu5FCAqApEd0gFyVQ
X (formerly Twitter)
Eric Balchunas on X
BlackRock stating in their recent spot Bitcoin ETF amendment that they are seeding the ETF in October. Don’t want to read that much into it but it is new info not in original filing so noteworthy (esp bc they BlackRock). Great catch by Scott.
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