Last cycle i was one of the people that thought there was just so much more potential in altcoins that i had turned my back to btc and ethereum, to be honest it back then it was not a mistake, i made pretty insane returns holding alts like, doge, cardano, luna (yes i know), but back then i didn't really see a reason to put my money elsewhere

So why have i changed my mind even though i made nice gains, to put it simply...it was too much risk, crypto is cyclical...

The cryptocurrency markets have experienced several boom and bust cycles in the past, with periods of rapid price growth followed by sharp declines.

These cycles are often attributed to various factors such as market speculation, regulatory changes, investor sentiment, and technological advancements. Some believe that these cycles are a natural part of the cryptocurrency market's evolution and can provide opportunities for investors to profit from price swings.

Alts experience these swings much like bitcoin and ethereum, but if you miss your window it can leave you holding bags worth -97% of what was once worth.

So they might give you a nice 100x if you invest in the correct alts during bear market and cash out during the bullrun, but if you hold them too long you might have to take the loss, or even dca during the whole bear market hoping for another run.

Last cycle i was lucky, i did a 5x with ada, then i did a 3x with luna, i managed to escape ust collapse because i sold everything at $100...if i had held it even 1 week longer i would be done, game over. This type of risk is what drove me away from alts...so my question is:

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What will you do this cycle?

Take the risk and buy alts right now in the bear market?

What type of strategies and precautions will you take to make sure you won't be left holding bags?

#Johnmiracleweb3 #cryptocurrency

Pepe, the memetic cryptocurrency, faces a series of challenges as its main Telegram channel experiences unauthorized access and a prominent social media account associated with the project falls into the hands of alleged scammers. While the original PEPE team claims hacking, the current account owner suggests internal disagreements within the team.

Community sentiment is shifting as concerns about authenticity and investment opportunities arise.

The compromised Telegram channel, once a major communication platform for Pepe enthusiasts, now urges the community to help shut it down and establish a secure alternative. On another social media platform, "LordKekLol" is now controlled by potentially malicious individuals promoting scams and misleading investors.

The authenticity of information from these channels is questioned by community members, leading to caution and calls for verification. Pepe's coin value has dropped by over 3%, exacerbated by significant sell-offs and project contributors reportedly dumping a large amount of PEPE on a centralized exchange.

Pepe has a high chance of going to zero this time, currently about $280+ million marketcap, losing a single whale will send them down to earth.

Not financial advice.

#Johnmiracleweb3 #crypto2023

So, fees suck but they are there and wont go away anytime soon. If you wanna fomo into them shitcoins you have to account for the loss you take in fees alone before calculating ROI.

Well, anyhow. I compiled a short list over a few exchanges/vendors that allows you to buy coins with card so that you know which ones to avoid :

Binance: 1.8% - 2.5%

Bitbuy: Around 1.5% - 4%

Bitpanda: 1.49% - 4.99%

Uphold: Around 2.5% - 3.5%

KuCoin: Around 2.5% - 5%

OKCoin: Around 2.9% - 3.9%

BitMax: Around 2.5% - 3%

Utrust: Around 2.5%

InstaDapp: Around 2.5%

BlockCard: Around 2.5%

Gemini: Around 3.49%

ShapeShift: Around 2-4%

Cashaa: Around 3%

Indacoin: Around 3.5%

Bitit: Around 3.9% - 5%

Bitfinex: Around 3.3%

Liquid: Around 2.6%

MoonPay: Around 2-4%

Coinbase: Around 3.99%

BitMart: Around 3.99%

CEX Markets: Around 4%

Bitexbook: Around 4%

Paybis: Around 4.5% - 9% (No one should buy this shit with 9% fees)

Changelly: Around 5%

Coinmama: Around 5.9%

CoinSwitch: Around 5%

BitStamp: Around 5%

BitFlip: Around 6%

XCoins: Around 3% - 5%

BuyUcoin: Around 1.5% - 3%

Kraken: 3.75% - 4%

Cex.io: 2.99% - 3.5%

Simplex: Around 3.5% - 5%

Unicorn: Around 2.8%

eToro: Variable

Wirex: Variable

The percentages are approximate and varies based on factors such as your location, verification level, payment method, and the specific cryptocurrency you're purchasing.

If you want to avoid humongous fees, use bank-transfer whenever possible.

So, be vigilant and dont lose out on them fees!

PS I'm too lazy to arrange them in ascending order 😄

#Johnmiracleweb3 #crypto2023

I keep seeing a lot of posts and/or comments about how "USDT is shady so I don't use it, I prefer USDC instead so I'll be fine even if they're gone". This is a grave misconception that can have serious implications in the future.

​

I'm here to demonstrate that even if you never touch USDT yourself, you are indirectly using it if you're invested in any cryptocurrency.

The main issue is: USDT has more daily trading volume than all other 9 top-10 cryptoassets combined.

It's safe to say that USDT is responsible for over half the market's liquidity.

As of this moment, the top10 cryptoassets by marketcap, and their daily trading volumes are:

Bitcoin, with a daily trading volume of 5.837 billion USD

Ethereum, with a daily trading volume of 2.564 billion USD

USDT, with a daily trading volume of 11.541 billion USD

BNB, with a daily trading volume of 0.267 billion USD

XRP, with a daily trading volume of 0.386 billion USD

USDC, with a daily trading volume of 1.443 billion USD

ADA, with a daily trading volume of 0.100 billion USD

DOGE, with a daily trading volume of 0.174 billion USD

SOL, with a daily trading volume of 0.348 billion USD

TRX, with a daily trading volume of 0.102 billion USD

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If you sum up all the trading volume of the other 9 coins you get a daily trading volume of 11.221 billion USD. Meanwhile USDT's trading volume is 11.541 billion.

​

The conclusion is what I previously stated: even if you never touched, even if you never even heard of USDT, the market you're invested in is, whether you like it or not, absolutely tainted with USDT trading. If USDT were to pop out of existence, whether to a hack, a scam exit, the SEC, Gensler going Super Saiyan 3 on them or anything of the sort, you will be affected by it.

#Johnmiracleweb3 #cryptocurrency

PSA: this was posted yesterday by another user, but it was a mere Twitter link in Portuguese. I have dug into the story and translated everything to share here, so that we can understand what happened.

The influencer is Ivan Bianco, who has a channel in Portuguese about crypto. He was talking about his DeFi earnings. He was trying to access his Gala account (crypto-related gaming stuff). He wasn't with his phone and had to open a password file to actually make the login.

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"Let me log in here folks, on the other screen so that I don't show my account details. [...] I'm not logged in and my smartphone isn't here with me now."

He then proceeds to open Windows explorer and drags the files for a second screen. However, when he opens a "back.txt" file, it appears on the shared screen and everyone could see it:

"Fuck, I screwed up big time! Will have to close the stream and I explain later on. I fucked up big, big time", he said immediately, closing the stream afterwards.

Someone was faster than him, though. A few hours later he did another stream, crying and stating that it was his lifesavings (around $50k USD) and that everything he has comes from DeFi.

"He stole everything man, the money of a lifetime. I can't believe I did this, that I screwed this up"

He then pledged the thief to give it back, because he wouldn't even have money to pay his bills because, again everything comes from DeFi. Apparently, the thief returned part of the funds, but I wasn't able to verify how much.

Well...

Don't store your seed phrase digitally. Ever.;

Even people who apparently know more than the average Joe can screw up big time;

TL;DR

Mate opened his seedphrase while live on YouTube, someone stole his wallet. Part of the funds were returned.

#Johnmiracleweb3 #cryptocurrency

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FTX was a family business fraud . His mother received tens of millions through her PAC. His father advised on tax law, for "free"(& later for $1M). Even his sister was a "consultant". Also, SBF effectively said he has no idea how a $14M "company" property was titled to his parents.Please take all this info as allegedly, just in case SBF to sue my poor butt.Let's start with the father. SBF's father was(later forced to step down) a Stanford law professor with decades of experience in tax law and supposedly corporate bankruptcy by extension. He was also a proud and vocal early investor in FTX as he once quoted as being "very involved in the business". SBF's mother is also likewise a (former) tax Professor at Stanford. She was also a avid political lobbyist and activist in effect, being the co-founder of the PAC Mind the Gap and her questionable writings publications on (avoiding) morals and ethics such as "The Limits of Personal Responsibility" and "Beyond Blame". His mother describes herself with SBF as “partner in crime of the noncriminal sort”. SBF has referred to FTX as "a family business". Make of that what you will.As an aside, that first paragraph alone severely undercuts something Kevin O'Leary said where he once stated that he trusts FTX, in particular because his parents were compliance experts, something that isn't true.In a new lawsuit, SBF's father allegedly specifically advised FTX founders to pursue funnelling of funds into real estate in the Bahamas and questioned how feasible the efforts would be in the face US compliance/tax laws, even acquiring counsel for co-worker Stanford legal professors.It also describes the father as having performed several instance of legal advising despite having no employment/partner relationship with the firm. Later, his father was added to the payroll for 200k/ yr, something SBF's father complained about in an email "threatening" to being up the issue to SBF's mother. His salary was later raised 5x to $1M. And no you didn't read that wrong. He also supposedly arrange to have his sister receive $14,000/mo as a "consultant" in charitable contributions. He also is alleged to have made many instances of very high level management decisions for the firm.SBF's mother, for her part received millions through her PAC Mind the Gap. It is clearly seen FTX exec Singh having made a "donation" of $1M to the PAC. The lawsuit further alleges that Mind the Gap received a further tens of millions more directly from SBF in order to fund Democrat political action. In particular, Singh has already pleaded guilty to campaign finance violations. On this note, SBF's father also drafted tax legislation for the Sen. Elizabeth Warren, showing ever deepening Democratic family ties. And we all know that SBF was the second largest Democratic donor behind only George Soros and had also made significant donations to the Republicans by his own admission.Later, his parents also received around $10M in gifts as well as the infamous $14M property in the Bahamas. SBF stated that this property was meant to be for company purposes and basically this is all a big "oopsie". They also had almost $100k in expenses covered by company funds. Around $5.5M was also gifted to his parents' employer Stanford University.https://www.opensecrets.org/political-action-committees-pacs/mind-the-gap/C00683649/donors/2022https://nymag.com/intelligencer/2023/09/ftx-sues-sam-bankman-frieds-parents-for-millions.htmlhttps://www.nytimes.com/2022/12/12/technology/sbf-parents-ftx-collapse.htmlhttps://storage.courtlistener.com/recap/gov.uscourts.deb.188450/gov.uscourts.deb.188450.2642.0.pdfhttps://fortune.com/crypto/2022/11/11/sbfs-disgrace-could-make-things-awkward-for-gary-gensler-and-the-democrats/#Johnmiracleweb3 #cryptonews

"No way $XXX coin can reach that price! lol"

In 2021 bull market..

$KDA went from $0.31 to $28.. A 9,000% pump in 100 days

$SOL saw a 50,000% pump from $0.50 to $263 at its height

$AXS went one better.. by moving 132,000%! A move from $0.12 to $164

The 2017 bull market saw some insane moves too..

$NEO pumped from $4.60 to $200 and rose 4,200%

In just a few months, $ADA posted a 6,700% gain from 1 cent to $1.30

But possibly the craziest move of all time came from $XVG ..

At the beginning of 2017, $XVG was valued at $0.000019.. by the end of the year, it had pumped to $0.30 per coin

That's a move of 1,582,000%.. in 12 months!

So what does all this mean?

Well, if you haven't had the opportunity to experience a fully fledged #crypto bull market.. then it may be hard to understand the fucking insanity it can present

The tide lifts all boats and there is usually an abundance of liquidity floating around which finds its way on to the ships of nearly every project

The valuation we've come accustomed too in the dark dreary caves of the bear market become shiny diamonds of opportunity in hindsight..

The moves can be drastic and frankly mind-blowing..

Which is why I am a firm believer of stocking up before the bull cycle arrives on strong fundamental projects.. in preparation for that future insanity

So when you see veterans giving out crazy price predictions on certain projects..

Yes, they may be uneducated moonboys..

Or.. they may have just seen it all before and know what to expect.

#Johnmiracleweb3 #cryptocurrency

Start small: You will lose in your first year so starting small is smart. You'll gain experience instead!

Don't ask for a financial advice on internet: Nobody knows shit about fuck!

DCA in and DCA out: Never go all in! Never sell all you have at the same price target!

Don't trust anyone in this space: 99.99999% of the people who pm you or ask you private questions about your crypto are scammers.

Before you start your crypto journey, Learn TA and rules to manage your money and risk: Not knowing the market psychology, not knowing how to tell the difference between scam coins and legit coins/tokens and not having financial/money management can cost you a high price!

TA may fail you but money management will never fail you: Never go all in, even if Btc goes down to 100$, you should still have cash in your wallet!

Do Your Own Research and don't listen to anyone's BULLSHIT. It's only you who can tell which project is good or bad. Even Btc is scam if you don't do your own research!

Don't fall in love with an alt: This may be devastating if you consider an alt a family project!

NEVER invest in more than 5 or 6 projects: The more cryptos you invest in, the more time and energy you will have to spend on keeping track of the teams, what the teams are doing and their news. Sometimes 1 project can give you more gains than 100 coins/tokens can ever give you. Don't sell at loss unless the team is fucking up that's why you need to follow the team and stalk them(#15).

You can make money in the bull market but you can make a fortune in the bear market: The fact that you're still here shows how lucky you are! In a year or two, new investors, people will get in the market and they will buy at the top and they will wish they bought at lower prices.

Do not leave your cryptos on an Exchange: No matter how good or popular those exchanges are, don't ever keep your assets stored on there. Exchanges are places to trade, not places where you store your cryptos.

Do not keep your assets on a hot wallet: Ledger Nano S/X or Trezor are the best hardware wallets out there.

Don't do Futures: Don't do that. I've been in this space for 4 years and never ever done that. When you do Futures, you're dealing with Exchanges and Market Makers. You're dumb to think you can outsmart them.

Don't trade. HODL/invest instead(in bear markets targets can be10-20x for each buy and this takes 2-4years according to the market and in the bull market, you can tp after you make 10-30% in each trade and this takes 1w-1M or more according to the market). No matter how good you are, you will lose in the long run. Only pros can make money by trading. Please take this seriously.

Whatever you buy, after doing Analyzing the project and reading their roadmap and whitepaper, follow the team, keep track of what they do. See if they add more supply on Cointrader. Just do not trust them blindly(If you don't have enough time to do all that, just buy Btc and sleep)

Don't underestimate/Overestimate yourself. Slow and steady wins the race: No one gets rich overnight. Even making 50% of your life savings or the budget that you put in crypto in a year is an accomplishment. No one gets rich by making 1000x, shitcoins can't make you rich, pump groups can't help you.

Diversify. Never invest in one coin/token. Keeping a couple tokens/coins is good. (unless you wanna buy BTC)

Stay away from the social media, stop looking at the charts and stop looking at your wallet in the bear market. Instead, DCA in and go to the gym, go out and touch grass, play games and watch movies, this will stop you from making mistakes.

Kill your emotions in the market. Look at the market as a tool/object or a way to make money and weigh pros and cons of your steps and actions and don't do anything stupid or impulsive so be emotionless and look at it as numbers and be reasonable with it: Don't follow the market! Let the market follow you! There will always be times when you will be like '' I wish I had cash to buy the dip '' so never go all in, always keep cash and wait for the market to come to you. Don't follow it. RIP FOMO and FUD

Don't pay any creature money to learn TA. You can learn that for free. Don't pay any creature no money just to be told what to do with YOUR own wallet. Don't pay any creatures no money to be told that your coins/tokens are whether good or bad because believe me, those analysts know nothing and have no idea and as I said, no one knows shit about fuck.

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This is it folks. You may say which one you loved the most. And remember:

There are 3 types of people:

1. People who are negative about a project and call it scam and exaggerate it

2. People who are extremely positive about a project and shill for it and consider it a family project that will kill Eth and exaggerate it

3. People who just simply wanna make money

SO which one of those do you want to be??!

Stay Safe and HODL.

#Johnmiracleweb3 #crypto2023