Official BGOL Crypto Currency Thread ★★★★★

gene cisco

Not A BGOL Eunuch
BGOL Investor
Quick question for you since you have the knowledge + experience in this arena: Do you think folks have made higher returns by trading in and out of crypto (timing, buying low, selling high based on good and bad news.. holding in stable coins in between trades) or by being long, holding through cycles?

I know in investing it can surely be done both ways, but I guess crypto is a diff animal because the fluctuations have way more gravity..
Crypto is indeed both ways, but waaaaaay more riskier. If you long-term hold the wrong shit, money lost. Try to swing and get the timing wrong or get greedy, money lost. The key is to have a gameplan and stick to it so emotions are kept in check. Like this cycle, no matter how much I made, my limit for non-bluechips(as I see them) was 1-2k.

I've made money both ways. This year, I used leverage for the first time. Swore I wasn't going to do any tax events, but gains were just too crazy. Leverage is the shit. I ended up making a long-term stack and trading stack. Take profit from trading stack and move into USD and into long-term. Long term stack made nice gains this cycle because I'm heavy, heavy eth, but trading stack is what made me. I'm not greedy, so wasn't even close to getting wicked and liquidated.

A person should only trade/leverage if they have time to follow the crypto market damn near full time. So that means most folks(probably 99 percent) need to just play long-term on the solid projects. Even when trading, I'd only recommend 20 percent of the stack. And the entire stack both long and short should only be money a person is comfortable to part with so emotions are removed.

The discipline is the hardest part regardless of method. Why is this country full of fat asses? Lack of discipline. Discipline is tested all the time with diet/exercise. Investing is fucking worse. I keep price targets and don't break that shit for anything. Yeah, I fucked up waiting for ADA to break below $1, but take the good with the bad.

But long-term is what EVERYONE should be doing. It's the baseline. In crypto long-term will bring insane gains, trading can make the shit even crazier. Because it's the trading that can fuel ecosystem bets that do easy 20x.

hey mayne,

I think china jookin the fuck out of the

western banking cartels that hide behind corporations

like u.s.a and the vatican...

while china tells the world they are cracking down on bitcoin

you KNOW gatdam well the govt got fuckin

MILES of


Yea its so obvious coins like cardano and dogecoin are being manipulated so the whales

can scoop them shits up... they KNOW whats coming down the road...

unlike the weak handers..whales LOVE the weak handers...
China got problem with money walking out the country. That's why they crack down so tough.
 

Madrox

Vaya Con Dio
BGOL Investor
Crypto is indeed both ways, but waaaaaay more riskier. If you long-term hold the wrong shit, money lost. Try to swing and get the timing wrong or get greedy, money lost. The key is to have a gameplan and stick to it so emotions are kept in check. Like this cycle, no matter how much I made, my limit for non-bluechips(as I see them) was 1-2k.

I've made money both ways. This year, I used leverage for the first time. Swore I wasn't going to do any tax events, but gains were just too crazy. Leverage is the shit. I ended up making a long-term stack and trading stack. Take profit from trading stack and move into USD and into long-term. Long term stack made nice gains this cycle because I'm heavy, heavy eth, but trading stack is what made me. I'm not greedy, so wasn't even close to getting wicked and liquidated.

A person should only trade/leverage if they have time to follow the crypto market damn near full time. So that means most folks(probably 99 percent) need to just play long-term on the solid projects. Even when trading, I'd only recommend 20 percent of the stack. And the entire stack both long and short should only be money a person is comfortable to part with so emotions are removed.

The discipline is the hardest part regardless of method. Why is this country full of fat asses? Lack of discipline. Discipline is tested all the time with diet/exercise. Investing is fucking worse. I keep price targets and don't break that shit for anything. Yeah, I fucked up waiting for ADA to break below $1, but take the good with the bad.

But long-term is what EVERYONE should be doing. It's the baseline. In crypto long-term will bring insane gains, trading can make the shit even crazier. Because it's the trading that can fuel ecosystem bets that do easy 20x.


China got problem with money walking out the country. That's why they crack down so tough.

Thanks for the insight and guidance. I def have a longer term mindset with investing (vs trading), but like to keep my eyes and options open. I think I have a decent plan for now based on my personal situation. Keeping it simple for now and DCA on a handful of the big boys and coins with use cases. I'm the type of person - whether its stocks or crypto - that I KNOW if I don't understand it, I won't commit to an investment. And I'm more obsessed with the slow grind of compounding / having my small money grow into bigger money over time at this point..
 

gene cisco

Not A BGOL Eunuch
BGOL Investor
Thanks for the insight and guidance. I def have a longer term mindset with investing (vs trading), but like to keep my eyes and options open. I think I have a decent plan for now based on my personal situation. Keeping it simple for now and DCA on a handful of the big boys and coins with use cases. I'm the type of person - whether its stocks or crypto - that I KNOW if I don't understand it, I won't commit to an investment. And I'm more obsessed with the slow grind of compounding / having my small money grow into bigger money over time at this point..
I tell everyone they should invest as much time learning this shit as possible. Life-changing money to be made. But still, like you said the slow grind is great. Fuck 10x gains, I don't think most people appreciate the ability to double their fucking money. Sad how financially illiterate most Americans are.

Don't forget to diversify your storage. It's like crypto 101, but I still see too many sleeping on storage diversification. Last thing you want is coinbase or some other custodian freezing ALL your crypto. And if you're playing with big stacks, more risk. Ain't fun having 6-7 figures on ice and it's ALL your stack. People can memorize songs but won't take the time to memorize their seed phrases.
 

Madrox

Vaya Con Dio
BGOL Investor
I tell everyone they should invest as much time learning this shit as possible. Life-changing money to be made. But still, like you said the slow grind is great. Fuck 10x gains, I don't think most people appreciate the ability to double their fucking money. Sad how financially illiterate most Americans are.

Don't forget to diversify your storage. It's like crypto 101, but I still see too many sleeping on storage diversification. Last thing you want is coinbase or some other custodian freezing ALL your crypto. And if you're playing with big stacks, more risk. Ain't fun having 6-7 figures on ice and it's ALL your stack. People can memorize songs but won't take the time to memorize their seed phrases.

Yea man... becoming more financially literate has been a long time coming. But one blessing of the pandemic is that it finally allowed me the time and energy to read up and become more educated in a effort to grow my money. It's fascinating that as you're able to take the mystery out some of this shit, and park your money in assets, the world changes in a way psychologically. Maybe its coming up not being taught the ropes... but learning how to grow YOUR money, seeing what's actually possible def changes your outlook.

I'll keep the storage diversification tip in mind. I'm not there yet lol, but appreciate the heads up G :cheers:
 

kdogg3270

Rising Star
BGOL Patreon Investor
Crypto is indeed both ways, but waaaaaay more riskier. If you long-term hold the wrong shit, money lost. Try to swing and get the timing wrong or get greedy, money lost. The key is to have a gameplan and stick to it so emotions are kept in check. Like this cycle, no matter how much I made, my limit for non-bluechips(as I see them) was 1-2k.

I've made money both ways. This year, I used leverage for the first time. Swore I wasn't going to do any tax events, but gains were just too crazy. Leverage is the shit. I ended up making a long-term stack and trading stack. Take profit from trading stack and move into USD and into long-term. Long term stack made nice gains this cycle because I'm heavy, heavy eth, but trading stack is what made me. I'm not greedy, so wasn't even close to getting wicked and liquidated.

A person should only trade/leverage if they have time to follow the crypto market damn near full time. So that means most folks(probably 99 percent) need to just play long-term on the solid projects. Even when trading, I'd only recommend 20 percent of the stack. And the entire stack both long and short should only be money a person is comfortable to part with so emotions are removed.

The discipline is the hardest part regardless of method. Why is this country full of fat asses? Lack of discipline. Discipline is tested all the time with diet/exercise. Investing is fucking worse. I keep price targets and don't break that shit for anything. Yeah, I fucked up waiting for ADA to break below $1, but take the good with the bad.

But long-term is what EVERYONE should be doing. It's the baseline. In crypto long-term will bring insane gains, trading can make the shit even crazier. Because it's the trading that can fuel ecosystem bets that do easy 20x.


China got problem with money walking out the country. That's why they crack down so tough.
this man stays droppin' wisdom :yes:
 

Mrfreddygoodbud

Rising Star
BGOL Investor
wait hold UP... I thought we were fuckin HOMIEZ up in here..

how come yall aint tell me.. fuckin AMC theatres is accepting

dogecoin??

which proves to ME the fuckin whales are manipulating the shit out

of CARDANO and DOGECOIN,

they really trying to scare away as many weak hands as they could..

they KNOW something!!!

BOTH ALT COINS should be up about 2 percent...especially NOW

there is a bumrush to acquire altcoins everytime bitcoin makes a move...

and dogecoin and ada should be heading that list...

how ada and dogecoin aint moving.. is fuckin mind boggling,

I expect some nice bullish movement from both in the coming weeks

fuckin whales cant keep this shit up forever...

 

Mrfreddygoodbud

Rising Star
BGOL Investor
Isn't Doge a joke coin with no utility?

as long as elon is behind it aint nobody laughing at dogecoin now,

even the joke coin made after dogecoin shiba, is good for a short to mid term play,

now THATS a joke coin.. but can make you some nice money

if your timing is right.. an excellent alt coin to flip

at this present time...

but chea as long as elon musk is pushing dogecoin

its nice alt to add to the portfolio...
 

RoomService

Dinner is now being served.
BGOL Investor
Cardano Undervalued Relative to Ethereum: Grayscale Report

According to the report, Cardano currently settles more payment value per unit of market capitalization than its direct competitors, suggesting the asset may be undervalued. Cardano has settled over $1.6 trillion in total on-chain transaction value over the last 12 months, which is around 40% less than Ethereum and 50% less than Bitcoin. Its market capitalization, meanwhile, is roughly 80% and 90% lower than that of Ethereum and Bitcoin respectively.

 

tpotda

Rising Star
Registered
Is Elon actually going to build a team of blockchain developers to really turn doge into a legit project tho or you mean just hope elon continues to tweet about doge?

as long as elon is behind it aint nobody laughing at dogecoin now,

even the joke coin made after dogecoin shiba, is good for a short to mid term play,

now THATS a joke coin.. but can make you some nice money

if your timing is right.. an excellent alt coin to flip

at this present time...

but chea as long as elon musk is pushing dogecoin

its nice alt to add to the portfolio...
 

gene cisco

Not A BGOL Eunuch
BGOL Investor
wait hold UP... I thought we were fuckin HOMIEZ up in here..

how come yall aint tell me.. fuckin AMC theatres is accepting

dogecoin??

which proves to ME the fuckin whales are manipulating the shit out

of CARDANO and DOGECOIN,

they really trying to scare away as many weak hands as they could..

they KNOW something!!!

BOTH ALT COINS should be up about 2 percent...especially NOW

there is a bumrush to acquire altcoins everytime bitcoin makes a move...

and dogecoin and ada should be heading that list...

how ada and dogecoin aint moving.. is fuckin mind boggling,

I expect some nice bullish movement from both in the coming weeks

fuckin whales cant keep this shit up forever...

Manipulation just part of markets. Always has been, always will be. It's crazy that we got USDC(Which is a coinbase baby) and the cryptos accepted are the ones that vary in price. That's sort of the point though. Accumulate bags, announce :D "We accept (insert bag)," hope it works so profits can be taken. Nothing to see here. Just showing our support. :D

Whales also know their wallets are watched. Well, the ones they allow to be watched. Move markets when they want. Accumulate in peace when they want. Think about how many wallets you have. Whales will keep it up forever and it's not mind boggling at all. Just play the game with them.
 

Venom

Rising Star
BGOL Investor
What is best way to cash out Crypto.com if any of my tokens 1000x? I understand taxes and stable coins but I'm not sure about minimizing the broker withdrawal fees.
 
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gene cisco

Not A BGOL Eunuch
BGOL Investor
Nice. XRP diehards probably mad as fuck though. :eek: Wish people would realize there is more than enough to go around in this space. I like that USDC is gaining traction. Shit just makes sense. Stablecoins are the fucking best.

I see they're using a Texas bank. What's fucked up about Crypto is republicans and republican strongholds are way more accepting. State and federal level.
 

gene cisco

Not A BGOL Eunuch
BGOL Investor
You are 100% correct. I just found out South Dakota was only second to the Cayman Islands as a global tax haven.

:eek: Damn man. That is platinum shit. I know how I missed this. I've been so busy concentrating on shit outside the U.S. Fucking tunnel vision. This shit in my own fucking backyard. Excellent drop man.

I'm down this rabbit hole for days.

I don't think folks understand that in this shithole it's kind of silly to have shit in your name when you get to a certain level. A lot of newly wealthy crypto people out here naked as fuck like it's all sweet.
 

Mrfreddygoodbud

Rising Star
BGOL Investor
Nice. XRP diehards probably mad as fuck though. :eek: Wish people would realize there is more than enough to go around in this space. I like that USDC is gaining traction. Shit just makes sense. Stablecoins are the fucking best.

I see they're using a Texas bank. What's fucked up about Crypto is republicans and republican strongholds are way more accepting. State and federal level.

well remember these fake ass republiklans represent super wealthy people that hide behind

corporations... so they are going to do whats best for them..

the demoncrats.. are just out to destroy civilization, with thier undying love for abortions,

and faggotry all low key population control mechanisms...

fuck em both, but at least the republiklans know where the future is going....

I used to be really big on xrp.. but it just seems like a good flipper now..

Its far from dead... and still ahead of the game but the competition is

really picking up now...and that court case seems to have them

tied up...

if it wasnt for that court case, Im sure xrp wouldve been well over ten

dollars by now, and its obviously SEC fuckery...

and its slowly killing xrp's momentum..

but a solid court victory, good catapult them ahead

of the game again..

its just the more it drags out, the more xrp bleeds...
 

Lattimore

Rising Star
BGOL Investor
Nice. XRP diehards probably mad as fuck though. :eek: Wish people would realize there is more than enough to go around in this space. I like that USDC is gaining traction. Shit just makes sense. Stablecoins are the fucking best.

I see they're using a Texas bank. What's fucked up about Crypto is republicans and republican strongholds are way more accepting. State and federal level.
This makes sense considering the prolonged SEC case. The is good news for Stellar but not necessarily bad news for XRP. There is plenty to go around in this space given the volume of fiat currency around the world. Fiat ain't going nowhere anytime soon... and solving how to transfer fiat instantly on the ledger (banks) is a hurdler XRP and Stellar were made for. In this crypto space it's hard to be sure of anything so... good luck to all, XRP and Stellar die hards.
 

xxxbishopxxx

Rising Star
BGOL Investor
They have a PRODUCT yet?
Seems to me Cardano wants to be everything
$Zil is already. Don't fall for the hype, get $Zil
Don't know if you listen to the dude "whatever happened to common sense"(I think his name is Eli). He said that was Cardano's biggest fault, nice tech but no big projects that are running on it.

I remember the big push for Zil back in the day on this board. Didn't hear much news or hype outside of this board.

With that being said, is Zil supposed to be the competition to Ethereum and ethereum killing projects?
 

Mello Mello

Ballz of Adamantium
BGOL Investor
Cardano Undervalued Relative to Ethereum: Grayscale Report




See soon I’m about to offload my positions with these other coins and just go all in with a good top 5 of them. Feel like my portfolio is spread out too much. Etherium and Bitcoin has retired people in their 30’s. Or maybe I just go all in on just one single coin and try to maximize my profits there first then graduate to others. I like cardano I hope it goes far the support network for it is vast hopefully it continues to grow.
 

An RnB Thug

El Capitan of The LOVE BOAT
Platinum Member
Don't know if you listen to the dude "whatever happened to common sense"(I think his name is Eli). He said that was Cardano's biggest fault, nice tech but no big projects that are running on it.

I remember the big push for Zil back in the day on this board. Didn't hear much news or hype outside of this board.

With that being said, is Zil supposed to be the competition to Ethereum and ethereum killing projects?

Give it time. Zil is a better Blockchain than ADA and ETH right now.
They BEEN sharding and their blockchain IS faster and has smart contracts
Just cause the price of the token doesn't reflect their accomplishments doesn't mean anything
I guarantee you the price will move sooner or later.
 

babydaddy

Rising Star
Platinum Member
Give it time. Zil is a better Blockchain than ADA and ETH right now.
They BEEN sharding and their blockchain IS faster and has smart contracts
Just cause the price of the token doesn't reflect their accomplishments doesn't mean anything
I guarantee you the price will move sooner or later.
What platform can ZIL be trades on. It's not on coinbase yet
 
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