crypto choices

When you start getting into crypto, you have to find a way to buy and sell. There are quite a few options for exchanges, and after a while, I found that I had accounts a many of them, for various reasons. One that I really like is Bitrue. One reason is the Realtime look at how my investing strategy holds up. On the main screen, there is a spot that tells you where your initial investments money is in relation to ...reality. I can see real time if I am up or down on my investment. Coinbase does have an option to look at what the numbers looked like at your initial purchase, but you have to dig just a little for that.

Seeing if I'm up or down, and by how much helps keep me in check with how much I don't know about all this. FTR, I'm still negative, but gaining steam and soon to be back in the good side.

I also really like the reinvestment opportunity with the BTR coin. I get lots of scraps of startups with voting and piggy, and who knows, maybe one of them will be "the one". But it's more hands on than others, by design.

What's your favorite and why?

Uniswap. and pancakeswap etc for non ETH based defi.

If you're gonna trade actively, I would never use a CEX for that kind of stuff, unless it's ETH based and you're trading low volume, due to the high ETH gas fees. (Well BTC also I guess, I don't know how to get that outside of a CEX)

CEX as far as I can tell has a buffer to avoid swing trading from being too profitable for users, and you'll just leave profits in the hands of exchanges. And it's not like you really need anymore info than what dextools and your wallet, like metamask can provide you.

a reply to: MrCrabs3000

thanks for that tip. I have used pancake swap, but really don't know how to dig into the new ideas and make choices on buying any. I have stuck with the bigger names to avoid mistakes, having made some already that cost enough to get my attention.

How do you select projects to invest in?

I just use Coinbase Pro and haven’t had any issues. My favorite long term crypto investment is Ankr. They’re building Web 3.0.

ETA: CoinTracker.io is a pretty neat website to track how much you’re up or down in a crypto investment.

Spunkswap.

originally posted by: network dude
a reply to: MrCrabs3000

thanks for that tip. I have used pancake swap, but really don't know how to dig into the new ideas and make choices on buying any. I have stuck with the bigger names to avoid mistakes, having made some already that cost enough to get my attention.

How do you select projects to invest in?

Just stick with the established ones tbh. The rest is just a pure gamble. Potentially really good for swingtrading and making profts, but then again, there are many factors to take into consideration and most of them are scams in one way or the other.

Dis aint the season for alt coins. If we get another big bullrun, then investors will start looking into more risky plays, and we might see an alt coin boom again. But, currently, nah. And honestly, if I knew of a promising alt coin currently, this would be the time to invest, but I don't know about any. Everyone I know of has major redflags. If someone suggests any non established tokens, do your own research as they say.

If you wanna invest in alt coins, it's a lot of research and you prolly want to get in early. You'd need to read the whitepaper, understand the tokenomics, check the top wallets and amount of holders and the market cap in etherscan for instance (a high market cap with not many holders would indicate most of the value being held by few, either by presale, big whales, or the devs having multiple wallets), look at graphs etc.

If you wanna tho, buy the rumor, sell the news is a major one. But that requires you to keep tabs on your investment at all times. Let's say # coin number 1, gets listed on some exchange, then ppl will FOMO in after the news is official, then sell off at the top before the actual listing. Let's say some major crisis happens somewhere in the world, BTC drops 10%, but alt coins drops 30%.

If you're constantly on the ball, you can keep on selling and buying on these fluctations, but that's basically a full time job, and it's also dependent on time zones. As a non american, I've usually been a sleep when # has went down.

In conclusion, stick with the blue chips of crypto

originally posted by: and14263
Spunkswap.

I saw that one, but it was on pornhub. Is that for crypto as well?

What's your favorite and why?

Difficult to answer. From a day trading perspective, DODO is my favorite. It crashed but I was there before that. I ran a bot too, written it myself with just basic knowledge and the Binance API. Worked nice, would need updating because they changed a few things to the API.

The API of an exchange is where one can get very detailed information about the market situation. Allows to retrieve the data and run on program code on it, like search for patterns, setup order/sell bots that can go with the trend, reliable.

From a longtime perspective and predictable, until recently it was LTC! Was predicable like clockwork in many phases of the cycles over 3 years, very seldom there was major outbreak. Well until recently, then it moved out of that window, into the negative direction.

a reply to: MrCrabs3000

LOL, but the time you research them, it's too late. All the stories I hear are some guy bought 10 bucks worth of "some odd crypto coin" and it exploded and now he has thousands. I am the guy who buys lottery tickets at times, even though I'm very well aware that the lottery is a tax on people who suck at math. So I'll risk a few bucks while looking for a big score, if I can find a big score. But yes, it looks like the run has dried up. I'm waiting on ethereum2 to finally come to fruition and offer a reward for holding that this long.

Also banking on VET.

a reply to: TDDAgain

I got into loopring when it was cheap(er) and made some good $ on that, but most others were bought at the wrong time, or they haven't blossomed yet. I should have sold it all when everything was booming, but as my life story goes, holding on so you can realize your losses brings more closure, so I choose to go that route.

a reply to: network dude
SHIB keeps staying depressive low.
But I HODL it out... I will...

a reply to: TDDAgain

I got some cheap and a few months back a whale made a big move and bumped it up quite a bit, I sold high and waited a few days and bought back my initial investment for about the same $. It nowhere near makes up for all the losses, but it's a rare W among so many L's.

Don't tell (you know who) you have any Shib.

Been a long 5-6 month downtrend that just maybe is picking back up? I've shifted my investments into BTC, ETH, DOT and ATOM. I really have high hopes for ATOM to go on a Solana or Luna type run but who knows.

But as I told someone the other day...BTC and ETH is where it's at. And personally I'm of the opinion BTC is the only real sure thing in the crypto space.

a reply to: network dude
what's SHIB? Isn't that a dog?

a reply to: TDDAgain