Scaling into crypto [Update up 162%]

[ibmethatswhoib]

What's up old friends! I made a post in January about scaling into crypto, it's up a cool 162% since then, many lives changed, lot of rich nerds now! Beautiful, just wanted to update, I would be careful buying up here, I think we get a big pullback end of the month most likely, we're headed for a nice blowoff top. Then I think for 3-4 months crypto retraces 40-50%, but that will be a life changing buy because if the cycles repeat it should rise until at least end of the year and early into next year. So best advice I can give is start building a cash position for the scary drop that's most likely going to happen, you want to buy when everyone else is scared and thinks crypto is dead. I expect ETH to probably hit 10k by end of the year and Chainlink to hit 1k, but lot of opportunities out there when the big selloff happens. If you are already in crypto it's probably best to not try and time it cuz it can be hard to time tops and bottoms and just hold through the scary drop. If anyone has any questions about crypto or trading I would love to help those new to it.

 

[eduguestpostseller]

Any recommended cryptocurrencies for portfolio?

 

[ibmethatswhoib]

Large safe coins I like ETH ,Chainlink & Dot, smaller more of a gamble but better returns I really like Nano, Syscoin, Kucoin shares (KCS) You get a daily bonus for holding them and the chart looks great. Defi coins like SNX, AAVE etc should do really well. There are millions of coins but I like those, just be careful getting into scammy coins that are good at pump and dumps, I don't care too much about fundamentals it's more about the charts for me but it's good to do a minimum check on the coin to see if it's scammy.

 

[holytouch]

Is it the right time to invest? Some people says that there will be a bear season and all of criptos will go down.. what do u think?

 

[ibmethatswhoib]

Is it the right time to invest? Some people says that there will be a bear season and all of criptos will go down.. what do u think?

Like I was saying above I think we will get probably another month of mania where it goes up like crazy but that is where I think smart money will sell into the hype. Then there will be a 1-3 month scary pullback, THAT will be the time to buy. I don't think we get a bear market like we just got out of for like 3-4 years, but will will have a big pullback that scares people but the overall up cycle should go until at least end of the year and most likely next year, so you could buy here and just wait out the drop or I think the better option is just don't FOMO into the crypto hype and wait for a big drop to buy into solid coins.

 

[deal with it]

https://coinmarketcap.com/currencies/handshake/
to all IMers

 

[holytouch]

thank you so much.. and a general question. what is the best way to earn from this u think? to hold and forget or buy / sell method daily? if so, how do you choose which coin to buy and sell, does analyses, charts really works or is there a better method?

 

[ibmethatswhoib]

thank you so much.. and a general question. what is the best way to earn from this u think? to hold and forget or buy / sell method daily? if so, how do you choose which coin to buy and sell, does analyses, charts really works or is there a better method?

I think for 99% of the people it's better to just hold and forget, too many people over trade and lose out even in a bull market. It took me 3 years of trading 10-12 hours a day to break even and then I started being profitable, I think unless you're really dedicated and willing to lose money I don't think daytrading is for most people, just like any skill you want to become good at it just takes a lot of time and error, so I would just hold.