Savings
FCT delusional moon dreams. I prey to Satoshi
Shakespeare is Satoshi reincarnated. not many people realize the relevance of his prose in the crypto sphere.
To go long on margin or to not long on margin, that is the question:
Whether 'tis nobler in the mind to suffer
The slings and arrows of outrageous rekt on margin,
Or to take Arms against a Sea of whales
And by hodling end them
What is Shakespeare intimating you might ask? Well of course he is implying that we must all be aware of the margin gains goblin. Wicked whales whip saw the wild wondering market. Sometimes its simpler and easier on the soul to buy on the spot market rather than with margin. And although shitcoins perhaps lack long term viability and reliable growth in their btc pairs, we can revel in the shitty shittyness of the shitcoin like a fat pig wallows in the mud and debris of its pen before its ends up slaughtered by the farmer. But you see we are no ordinary pig. As traders we will take the whale bait and get as fat and ferocious as we can; wring out as much food and financial sustenance as we can and escape before the whale farmer slaughters us. ‘You see a shitcoin by any other name would smell just as shitty.’ What is Shakespeare intimating with this quote? I believe he is implying that only insentient crypto clowns perceive the adjective ‘shitcoin’ as a negative appraisal of crypto worth when in fact it is actually a compliment. Shitcoins are the fecal glue that bond the heroic autism of greedy computer scientists trying to cash in on the crypto fad, with the purported altruism and viability of so many shitcoins as the seemingly ever growing masses exercise their right as a shitcoin soundboard to drown out any criticism of their beloved digital tulip.
FCT, like LTC LSK BTS BTC XLM are among my HODLs. Ive analysed my chart using elliot wave meme lines and in addition to technical analysis id like to think this hodl is supported fundamentally. Unlike many useless shitcoins, FCT seems to have decent fundamentals. It has a fairly small market cap of 342 million, small coin circulation of 8,745,102, clear whitepaper and active development towards perhaps a more realistic goal of recording keeping on the blockchain which is a far cry from the often inviable goals of other cryptocurrencies. Devs have decent funding raising around 1.5 million in 2015 and 8 million in 2017. The coin is listed on poloniex as a margin coin and and has been in active development for 3-4 years meaning it has market support as a coin that has weathered bear markets. There is a possibility that FCT breaks out of its long term sideways structure but I may also be consumed by delusional unrealistic moon dreams. Ive identified possible meme line support levels as possible stop loss points and cost average points. We could also face a head and shoulders which could mean more down for the right shoulder around 0.002. Trade with your own due diligence and only trade with what you can afford to lose. Im a virgin with no friends who gets rekt in crypto. idk what im doing.
Reinvigorated Lisk Moon Dreams + Meme Lines + Trading PsychologyI finished psychology 101 at university and I am submitting this chart for my thesis on both realized and crushed moon dreams. The meme lines are a combination of elliot wave and the wyckoff trading method after hours spent staring at this chart perfecting the lines in a dimly lit room accompanied only by the momentary buzzing of my phone as it notifies me of a trading alert due to a breached resistance level and the thick scent of ramen noodles which is the only food I can afford because im still yet to build a profitable trading system which might afford me some variety in the food I eat. The truth is im not a programmer or even a good trader so I don't understand the technical part of this coin but im going to buy this due to feverish shitcoin hype in the main chat. There is also the possibility that shitcoins only recover briefly after the hardfork followed by a continuation of the bear trend in conjunction with a correcting btc over the holiday period. As always trade at your own discretion these moon dreams are risky and at times delusional.
Delusional Lisk Moon Dreams Lisk might face some resistance with this potential rising wedge so depending on your risk tolerance you could try trading it. I doubt I will try to trade any highs because I am completely consumed by moon dreams. I am all or nothing going to take profit at 0.003 and then 0.0045.
I got fucking rekt on cripple with a margin long and in true market autism, traders bought the rumor and sold the news, leaving delusional margin longed moon autists like me, bag holding just in time for xrp to dump harder than someone with chronic diarrhea, liquidating us all. I didn't practice any risk management, didn't use a stop loss and was absolutely shrouded by moon dreams and hype; the end result being fucking rekt RIP. I then closed at the bottom and now thats all said and done ripple might moon for I have bought high and sold low and the whales have successfully taken my btc but i am fucking done with that coin, on to alternative moon dreams now.
So after that background information we can conclude that I am chasing profits but this time trying a more long term buy and hold strategy for these meme coins. As far as I know you cant margin trade lsk like you can bts or ltc which might be a blessing in disguise for me as I am prone to full margin long induced REKT and then venting my frustrations at the expense of everyone in the trading view cryptocurrencies chat.
I am full margin long with bts and ltc and its only my delusional moon dreams keeping me from getting rekt whereas with lisk I cant margin long so I can just HODL indefinitely until it reaches ath at least which I would say has a good chance of occurring because the SDK and rebranding are coming out supposedly in q4. Also lsk is very well funded, has a HQ in the business district of Berlin and is one of the most transparent alt coins ive seen in crypto. I can only see lisk dumping to the lower green lines if LSK is hit with very bad news either before or after SDK. If that should happen depending on the news and the state of crypto and BTC, I would most likely sell my rusty shit car and buy lisk depending on how bts and ltc care going . LTC BTS LSK are my current longs and now I am now 100% in alts. Hopefully I can make back my life savings and get out of REKT status. Good luck and do your own due diligence. Dont trust my trades because im a shit trader. I wonder if I lose everything by next year and am back working for minimum wage.
Delusional LTC moon dreams am I rekt? 0.01 seems to provide good support If this fails then long more at 0.008 and then 0.007. I've bought spot and also margin longed this and im not using a stop loss. probably going to get rekt but maybe the banksters try to moon all alts before christmas and failing that im betting that whales may start to get into alts around march similar to early 2017 alt season. Do your own research and dont trust a shit trader like me. I consistently get rekt and im most likely going to lose my life savings but ill still cling onto these moon dreams choo choo motherfuckers until I get liquidated.
Gold - October Outlook 2017 Updates Gold broke this low , Now the high that we were expecting 2nd week of October will be lower high instead of higher high.
USDARS: Time to save some money in USD if in ArgentinaGood chance to buy back. It looks like a local bottom in the dollar.
I'd reccomend holdings in the Argentinian stock market primarily, some Bitcoin, Ethereum in equal weights, and USD here, if you have some ARS lying around.
Good luck,
Ivan Labrie.
Simple idea for Bitcoin users: Savings portfolioThis is a simple idea I've been contemplating, specially appliccable for people using 1broker to trade, while holding BTC. If you trade with no leverage, you can afford to have things move down quite a bit before being hard stopped (losing 84% of the position's value), so this lets you keep a 'cash' savings account, holding BTC and some stock CFDs.
(This same idea can be applied to anyone using more proper brokerage firms, simply diversifying your holdings into some BTC exposure as well, but the post is mostly meant for Bitcoin users).
Holding this type of portfolio, you're hedged against fiat money inflation, but you have counterparty risk, since you have holdings at a brokerage firm, so do your due diligence. You can always find more secure alternatives for BTC, like paper wallets, and the like. You can use this simple signal idea I share here, to add to your savings.
Hope you find this idea useful and inspiring, since I'm sure not many of the BTC users, or the 1broker users specifically thought about this application (instead of going all in with leveraged bets).
Cheers,
Ivan Labrie.
ps: this idea is specially good for 3rd world countries, we have horrifically dangerous fiat currencies and general lack of confidence in institutions, and for good reasons.
