TOTAL to finish at 36.66T this year?
hello Traders,
I am bad teacher, but still will try to explain the route to financial freedom. Yeap you dont need 0.5mio to be financial independent. you can do that with just 5K or 10k. TIP 0 ->Evrybody can make money in Bull market, very few can survive bear market. I will try to explain few tricks based on experience from trading, investing, mining. I dont know where to start, so i will try to start it somewhere, from my experience, i will try to give you some tips, tricks how to survive in this noisy market called crypto. Lets start with stacking. Last year in august i bought a lot of ORN and LUNA, put it in staking at Kucoin, aiming 10x. all ok., good ROI for both, evrything was fine. But there was a 120mio hack of Kucoin.
Panic was to big to wait at them, so i choose to dump it all, and moved out when they enabled withdrawals and put it all in mining. Lost a lot of potential profit, aprox 50-150K. But i managed to get out stronger. I manage to survive, no-one could know if they would go down, the Hack was really huge, so with that hack I learned to always have at least 1/3 of crypto on wallet and if possible to be locked with medium good ROI like ATOM or ONT. (TIP 1), thats also because of the gamble protection1. (TIP2)
Lets try to make more great tips, calls or whatever. Lets start with mining, the only mining platforma i really trust is Hashnest, been using it for years, had few issues with them, like in dec. 2017 they halted LTC withdrawals when LTC was at ATH, but they resumed it, ...its always good to receive some sort of steady income and even better if its in Crypto...but i am cautious even here, i dont like to invest if hash is not traded, even if i buy 2 year old machines, which some have done 5x already, but am cautious AF. to buy new ones, and no open market for them. TIP3 (capital even if locked needs to be movable), its totaly different if u unlock lets say luna for example it take 21 or 28 days, and you get the luna tokens afterwards. but if you buy new machines for ETH for 19K (imagine that price), and u cant sell it, and they make absolute mining bcs of ETH 2.0, and they decide they will ship it instead to mine different coins, what will i do then? But like i said its always good to have some sort of steady income. So for that reason I put minimum 30% of capital in mining.
So we are already at 100-30-30= 40% left capital, lets try to analize what to do with them, Gambling and stacking is the answer. Gambling where and what leverage, staking where?. I invited few weeks ago my friend at work to start with margin, i advised him to start with binance with 1:3, btc was at 47K at that time, i bought it in his name, and he still has that position, but few days ago i told him its good to add something to your position, bcs it might continue going up, so he try to borrow, and imagine that, it was impossible, due to high demand. Well that was true, so why use exchange where u cant make money, when the odds are in your favour. But 1:3 is for beginers, or hodlers, even in a bull market crypto can dip for 30%, so if you add constantly and also alts, it can liq. you, bcs 30% dips, could do that to your longs.
Even at kucoin i had an issue, i bought for 35K of tezos before txz went up like crazy last year, their machine liq. me )glitch) even if market didnt move, bought again, they liq. again for no reason. But in 2-3 weeks they returned me money, but potential profit of 10k+ gone, that was on 10x. I like cross margin more then isolated margin, so i feel more comfortable with kucoin 10x cross, then binance 1:3 cross or futures cross, binance dont offer 10x cross only isolated, so its to much work if you wanna swing positions, also very bad AP biannce compared to kucoin,... its very hard to do dailly job and manage 10x cross positions at them, so i figured out i could do it, if i risk max 5-10% of capital, thats the limit, sleeping is still fine, and profits are not so big, but its very easy to dump not so big positons, when local tops emerged, move profits to stacking xy, and build again leverage position from scratch with just 2-3% of capital, thats how you build stacking position, if crypto make another low or lows, you still have capital which can be moved from mining if need to average down. that works fine in bull market, and doesnt work good in bear market. Thats TIP 4, risk little with gambling, stake more...
Next tips are generally, took credit at maximum posible, take max limit with your cards, and buy more mining power, buy more lovely stacking ponzies, put your saved cash from children financial freedom and put it in crypto, ROI is so good atm, that the risk is kinda at 1%, and with all that printing going on, the risk is at 0.1%. Use maximum credit card exposure each month, it works fine in bull, and very bad in bear market. thats TIP5. the rout to financial freedom is not easy, making money is not easy, its hard, its hard af, but still if you will buy each month just for lest say 500usd, you will at the end of the year have aprox 20K, if crypot pumps for 400%. But if you do above TIPs, you could turn 5K-10K into 150-200K, just make sure when crypot pumps af, and u make it with gambling, to give it to your wifes wallet and put it on staking, with limited your access. Next tip is at the end of the bull trend, you could have made lets say 200K-300K, u sold it, widrwal went fine, cash is at your bank account, crypto dumps for 20-30%, u think thats it, lets bu it back, and yeah it goes down for another 70%, very good, how to avoid that? buy something iliquid like house, apartma etc,..and start from scratch or even buy new kitchen new bathroom,...evrything is better that watching your capital goes down for 80-90%, even i you return the credit, i have done even that, you will get a new one, not 1 but 3 of them, so not really good choise, so start to watch some real estates already now, to know how to protect capital when needed. Soory for all mistakes etc,..hope you will succeed, im sure i will.
I am bad teacher, but still will try to explain the route to financial freedom. Yeap you dont need 0.5mio to be financial independent. you can do that with just 5K or 10k. TIP 0 ->Evrybody can make money in Bull market, very few can survive bear market. I will try to explain few tricks based on experience from trading, investing, mining. I dont know where to start, so i will try to start it somewhere, from my experience, i will try to give you some tips, tricks how to survive in this noisy market called crypto. Lets start with stacking. Last year in august i bought a lot of ORN and LUNA, put it in staking at Kucoin, aiming 10x. all ok., good ROI for both, evrything was fine. But there was a 120mio hack of Kucoin.
Panic was to big to wait at them, so i choose to dump it all, and moved out when they enabled withdrawals and put it all in mining. Lost a lot of potential profit, aprox 50-150K. But i managed to get out stronger. I manage to survive, no-one could know if they would go down, the Hack was really huge, so with that hack I learned to always have at least 1/3 of crypto on wallet and if possible to be locked with medium good ROI like ATOM or ONT. (TIP 1), thats also because of the gamble protection1. (TIP2)
Lets try to make more great tips, calls or whatever. Lets start with mining, the only mining platforma i really trust is Hashnest, been using it for years, had few issues with them, like in dec. 2017 they halted LTC withdrawals when LTC was at ATH, but they resumed it, ...its always good to receive some sort of steady income and even better if its in Crypto...but i am cautious even here, i dont like to invest if hash is not traded, even if i buy 2 year old machines, which some have done 5x already, but am cautious AF. to buy new ones, and no open market for them. TIP3 (capital even if locked needs to be movable), its totaly different if u unlock lets say luna for example it take 21 or 28 days, and you get the luna tokens afterwards. but if you buy new machines for ETH for 19K (imagine that price), and u cant sell it, and they make absolute mining bcs of ETH 2.0, and they decide they will ship it instead to mine different coins, what will i do then? But like i said its always good to have some sort of steady income. So for that reason I put minimum 30% of capital in mining.
So we are already at 100-30-30= 40% left capital, lets try to analize what to do with them, Gambling and stacking is the answer. Gambling where and what leverage, staking where?. I invited few weeks ago my friend at work to start with margin, i advised him to start with binance with 1:3, btc was at 47K at that time, i bought it in his name, and he still has that position, but few days ago i told him its good to add something to your position, bcs it might continue going up, so he try to borrow, and imagine that, it was impossible, due to high demand. Well that was true, so why use exchange where u cant make money, when the odds are in your favour. But 1:3 is for beginers, or hodlers, even in a bull market crypto can dip for 30%, so if you add constantly and also alts, it can liq. you, bcs 30% dips, could do that to your longs.
Even at kucoin i had an issue, i bought for 35K of tezos before txz went up like crazy last year, their machine liq. me )glitch) even if market didnt move, bought again, they liq. again for no reason. But in 2-3 weeks they returned me money, but potential profit of 10k+ gone, that was on 10x. I like cross margin more then isolated margin, so i feel more comfortable with kucoin 10x cross, then binance 1:3 cross or futures cross, binance dont offer 10x cross only isolated, so its to much work if you wanna swing positions, also very bad AP biannce compared to kucoin,... its very hard to do dailly job and manage 10x cross positions at them, so i figured out i could do it, if i risk max 5-10% of capital, thats the limit, sleeping is still fine, and profits are not so big, but its very easy to dump not so big positons, when local tops emerged, move profits to stacking xy, and build again leverage position from scratch with just 2-3% of capital, thats how you build stacking position, if crypto make another low or lows, you still have capital which can be moved from mining if need to average down. that works fine in bull market, and doesnt work good in bear market. Thats TIP 4, risk little with gambling, stake more...
Next tips are generally, took credit at maximum posible, take max limit with your cards, and buy more mining power, buy more lovely stacking ponzies, put your saved cash from children financial freedom and put it in crypto, ROI is so good atm, that the risk is kinda at 1%, and with all that printing going on, the risk is at 0.1%. Use maximum credit card exposure each month, it works fine in bull, and very bad in bear market. thats TIP5. the rout to financial freedom is not easy, making money is not easy, its hard, its hard af, but still if you will buy each month just for lest say 500usd, you will at the end of the year have aprox 20K, if crypot pumps for 400%. But if you do above TIPs, you could turn 5K-10K into 150-200K, just make sure when crypot pumps af, and u make it with gambling, to give it to your wifes wallet and put it on staking, with limited your access. Next tip is at the end of the bull trend, you could have made lets say 200K-300K, u sold it, widrwal went fine, cash is at your bank account, crypto dumps for 20-30%, u think thats it, lets bu it back, and yeah it goes down for another 70%, very good, how to avoid that? buy something iliquid like house, apartma etc,..and start from scratch or even buy new kitchen new bathroom,...evrything is better that watching your capital goes down for 80-90%, even i you return the credit, i have done even that, you will get a new one, not 1 but 3 of them, so not really good choise, so start to watch some real estates already now, to know how to protect capital when needed. Soory for all mistakes etc,..hope you will succeed, im sure i will.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.