I said I'll sell 5-10% of my portfolio if $BTC hits 80k. Well, I'm still thinking about it. I expect a retracement to 71k levels before a further push up.
The money you make in months in some airdrop games injuring your fingers tapping the screen, hurting your eyes staring at you phone, wasting time and money in form of data can be made in a some hours trading using refined TA. Imagine $HMSTR giving you 7 dollars after tapping for 3 months? #P2EGames
$HMSTR The miners/players used alot of energy and time for airdrop only for it to list at a useless price. Big disappointment. Morever you wonder what utility it really has.
Instead of transforming every animal into crypto, why don't we use category names and build big and strong communities? We have $DOGS , cats, ducks. Now I see rats. This endless list reduces liquidity and mcap. Investors don't have infinite capital to throw on everything.
We've recently witnessed massive #MarketDownturn involving crypto, stocks, ETFs etc. The cause of this is multifactorial with exports pointing at the political/societal tensions around the world, the impending Israel-Iran war, US jobs data and fear of possible recession, people liquidating positions to afford basic commodities due to rising inflation, massive sell of from governments and institutions, etc.
What I would like to point out is the impact of the transition from the current age(the Church Age) to the Tribulation. The events around Israel can be used as a compass to gauge the closeness to the #Rapture, the return of the Messiah to take the holy Church. What will happen to the financial markets on the day of the Rapture? We could predict a high level of panic followed by a massive crash. Those who will remain will face the ferocity of the 7 years of tribulation and contend with the antichrist who will then be revealed including a new financial system of not being able to buy or sell without the mark of the beast.
The spiritual solution is to repent of all sins and accept Jesus as Lord and saviour, turn away from wickedness and avoid worshiping money. The love of money is the root of all forms of evil. We have seen people taking their own lives once they lose a fortune, but those who depend on God are optimists. They are like a house built on solid rock/foundation that withstands the storms of market crashes. Be strong and courageous. Look at the signs of the end times and prepare in holiness for evacuation during the Rapture. Do not be left here to face the tribulation when there will be more focus on Israel.
#DCA One of the biggest challenges of Dollar Cost Averaging is the exhaustion of the investor or the exhaustion of funds. However, there are ways to avoid overDCA and still have money to buy those lows:
1. DCA only at key levels(liquidity zones, support and resistance) instead of putting money randomly on every drop or at small intervals.
2. Reduce the amount of money invested at each DCA point. $1000 divided 4 times means more chances than the same divided twice.
3. DCA downwards. Only put in more capital if price moves below your lowest buying price. If it drops, but still above just #HODL
4. If you still want to have more of an asset, but it is above your lowest buying price you can DCA within the range between the lowest and highest buying price and not above the highest buying price.
5. Increase the price range between investments. For example use Bitcoin price to check other asset prices or use individual assets - Invest if it goes to $55k, $50k, $45k or a range of $10k in between
Let's wait for Monday and Tuesday and see how price plays out. $BTC
There are 2 types of #HODLERS classified by how may crypto coins/tokens they hold and contin to #DCA on. The minimalist and the maximalist. Which one of the two has a chance of making more profit if they all had a capital of 10,000USDT?