Crypto Winter Discussion
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Why would u short eth at this time?Good thing I didn’t short it when I went to nap eth pumped to 1790 might of liquidated my short position if I had one
All my position plays are short term due to me always choosing maximum leverage. It can be very lucrative if you are able to follow the chart crypto pumps and retraces regularly these 2-3% increase/decreases can be up to 50% gains on your investment so even if eth is bullish overall you can still make money shorting it as well but you have to be on it (in front of the computer screen or in the vicinity until you close your position ) to catch the bottom of the retrace before it pumps again.
look at that should of brought my computer to work ETH just dipped below $1700 could of made $$$'s shorting. I'm going to wait and see if it's time to go long yet. Check out the squawk box and see which way stocks are going.
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EastAfrixan
Rookie
Made $500 this weekend, sold my long position to early when eth pumped to $1750 though smh.
EastAfrixan
Rookie
Nobody else getting in on this made $800 this afternoon. I’m up $9k nowWould be more then I normally make in a month if I wasn’t getting Covid pay…
Discord?
Nobody else getting in on this made $800 this afternoon. I’m up $9k now
Getting in on what exactly?
Trading on defi (decentralized exchange) no tax implications due to its anonymity. Here is the link to the exchange:
GMX | Decentralized Perpetual Exchange
Trade spot or perpetual BTC, ETH, AVAX and other top cryptocurrencies with up to 100x leverage directly from your wallet on Arbitrum and Avalanche.
gmx.io
Here is how you get on to the arbitrum one mainnet:
Start small cause you can lose your shirt very quickly until you start recognizing patterns and understanding who is leading the ‘dance’ the bears or bulls. Bulls are leading currently due to the POS merge pending for eth, so lean long but wait for a retrace before doing so.
Link to the discord is on the bottom of the site
GMX | Decentralized Perpetual Exchange
Trade spot or perpetual BTC, ETH, AVAX and other top cryptocurrencies with up to 100x leverage directly from your wallet on Arbitrum and Avalanche.
gmx.io
Trading on defi (decentralized exchange) no tax implications due to its anonymity. Here is the link to the exchange:
GMX | Decentralized Perpetual Exchange
Trade spot or perpetual BTC, ETH, AVAX and other top cryptocurrencies with up to 100x leverage directly from your wallet on Arbitrum and Avalanche.
Here is how you get on to the arbitrum one mainnet:
Start small cause you can lose your shirt very quickly until you start recognizing patterns and understanding who is leading the ‘dance’ the bears or bulls. Bulls are leading currently due to the POS merge pending for eth, so lean long but wait for a retrace before doing so.
well didn't listen to my advice didn't wait for the retrace got liquidated out of my position lost about $650. I doubled up my long position because eth bounce from the dip now up $1000. $1700 LFG!
Lv99 Slacker
Pro
Experienced my first bull market, followed by my first bear market. It's kind of like ER - life and death in the same episode. Lol. My thoughts on bitcoin/crypto have radically changed from last year till recently. Even though I made money from altcoins like Solana, PlanetWatch, Helium, Jewel, etc., I now look at them as centralized junk/scams. Most of these cryptos are barely regulated companies in all but name; there's nothing decentralized about them. The Tornado Cash situation further underscored the importance of decentralization. No need for the Federal Reserve to create a CBDC - USDC is fulfilling that function by freezing any wallets that interacted with sanctioned wallets; centralized exchanges will do the same.
I've become orange pilled. I only care about bitcoin. I've been steadily learning more about how it works (podcasts, bitcoiner Youtubers, books, twitter), its adoption around the world, and keeping abreast of new software/protocols/hardware releases. There's some interesting stuff cooking up in this space. There's a podcast app (Fountain.FM) where you can stream sats to your favorite podcaster. There's a Uber/Lyft-like rideshare app (Arcade City) where you can earn/pay in bitcoin.
I've tried my hand at using bitcoin as it was intended to be used - as money. The experience has been really interesting. Thanks to the lightning network, transactions are quick (in all, but one case - they took less than a minute), and ridiculously cheap.
- I've paid for a year's subscription for the VPN service, Mullvad.
- I've bought gift cards for Amazon, Whole Foods, and Steam from Bitrefill (The Bitcoin Company is another similar service):
- Bought some tees and stickers from Lightning.store:
Next, I hope to stack my garage freezer chest with some beef the Beef Initiative, just in case the world goes to hell next year due to out of control inflation, and there's a run on the grocery stores.
I've been stacking sats by using Fold card (the card on the left) to pay my mortgage and utilities on Paypal BillPay, and buying gift cards for Amazon, DoorDash, and Uber. Since April, I've stacked over a million sats that are worth $259 at bitcoin's current price.
I've closed my KYC exchange accounts at Coinbase, Kraken, Crypto.com, and OKCoin, and will now acquire bitcoin through non-KYC means. I did just that yesterday for the first time from this platform called Robosats:
I transferred cash from my checking account into my Strike Wallet, paid the seller, and received sats into my Wallet of Satoshi. Before accessing this site, I watched this tutorial on how to use/navigate it:
So, that's what I've gotten up to thus far during this bear market.
I've become orange pilled. I only care about bitcoin. I've been steadily learning more about how it works (podcasts, bitcoiner Youtubers, books, twitter), its adoption around the world, and keeping abreast of new software/protocols/hardware releases. There's some interesting stuff cooking up in this space. There's a podcast app (Fountain.FM) where you can stream sats to your favorite podcaster. There's a Uber/Lyft-like rideshare app (Arcade City) where you can earn/pay in bitcoin.
I've tried my hand at using bitcoin as it was intended to be used - as money. The experience has been really interesting. Thanks to the lightning network, transactions are quick (in all, but one case - they took less than a minute), and ridiculously cheap.
- I've paid for a year's subscription for the VPN service, Mullvad.
- I've bought gift cards for Amazon, Whole Foods, and Steam from Bitrefill (The Bitcoin Company is another similar service):
- Bought some tees and stickers from Lightning.store:
Next, I hope to stack my garage freezer chest with some beef the Beef Initiative, just in case the world goes to hell next year due to out of control inflation, and there's a run on the grocery stores.
I've been stacking sats by using Fold card (the card on the left) to pay my mortgage and utilities on Paypal BillPay, and buying gift cards for Amazon, DoorDash, and Uber. Since April, I've stacked over a million sats that are worth $259 at bitcoin's current price.
I've closed my KYC exchange accounts at Coinbase, Kraken, Crypto.com, and OKCoin, and will now acquire bitcoin through non-KYC means. I did just that yesterday for the first time from this platform called Robosats:
I transferred cash from my checking account into my Strike Wallet, paid the seller, and received sats into my Wallet of Satoshi. Before accessing this site, I watched this tutorial on how to use/navigate it:
So, that's what I've gotten up to thus far during this bear market.
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Propaganda
Superstar
i'd highly suggest looking into coins that deal with the financial world and it's infrastructure. XRP, XLM, QNT, XDC, HBAR...etc.
adoption is coming once regulation gets sorted out.
adoption is coming once regulation gets sorted out.