[CRYPTO JOURNEY] From $5.000 to $264.789 in 2024

Because wierd number made you click on the post.
Ha, good clickbait! So your goal is around 250k ? Any updates coming about these last 2 weeks? Great journey!
 
Great Thread! I think you picked a great year to do crypto - good luck!

What are your thoughts about $AZERO? I am a long time holder, and it's currently down by a lot, so it's maybe time to get in on it also :)
 
Following this thread

As a crypto investor myself. Lets see your skills.
 
Good luck with your Journey, buddy!

The top of the bull run is expected at the end of 2024 - mid-2025 at the latest.

If all goes to plan it will completely change my life, I hope the same for you and anyone else reading this who is in the crypto game!
 
I am sorry as I was unresponsive for a long time due to my other projects and heavy crypto trading. This time I decided to write up a little longer post and will answer some old questions from this thread.

I sold my DOJO in the meantime for some on-chain ETH and BSC trades. #SCRAMBLE rugged, so I had to "write off" 10% of my portfolio.

I managed to hit between x2-x2,5 with 2 coins: $AIUS and $CDX (links to charts and exchanges are below). They were incredibly risky, but decided to trade them anyways.

The way I traded them was that I bought with full portfolio that remained from selling $DOJO ~$4k, then took out initials at x2 and then ride these initials to another 50%. So basically turning $4k to $8k, then take out $4k and leave the other $4k for another 50%.

I also waited for pullback or “fud” moment on both and added 20% on top of both. That is the moment when after a huge pump, someone starts doubting the project, usually mentioning some potential risk associated with the project and everyone starts selling in a quick panic way (image below).

aius.jpg

$AIUS
https://dexscreener.com/ethereum/0x53e79ef1cf6ac0cdf6f1743c3be3ad48fa3c5657
I managed to catch this one at around $450, saw a volume is rising and bought. I sold half at $900 and left the rest until $1200. I also traded the “fear” after it dumped and re-bought with half of my bag at $740 and sold back at $1100.

$CDX
https://dexscreener.com/bsc/0xeb415b089e2ac0acdec90fa793dfa4467799b3d9
I caught this one at $0.042, but sold all at $0.08. I also swing traded with half of my bag between $0.06 and $0.08 after the second wave.

I sold 100% of $AIUS and $CDX and do not hold any.

My portfolio is now sitting at a little less than $20k.

Here’s my X account if you want to check my tweets around AIUS and CDX (look also the Likes and Replys tabs): https://twitter.com/financialhedge (username: @ financialhedge). I am also way more active for crypto here.

I recently tweeted “Hello BHW users :)” to confirm account ownership. You can check my tweets about $AIUS and $CDX, check their dates and hours and analyze how my tweets reflected price movements. You can also check my tweets from the past and you’ll see that I was already tweeting in previous bull market in 2020-2021.

I believe I will be able to find some promising projects very early as I’ve got a bit more advanced in the on-chain/DEX markets research, finding projects like:
Disclaimer: I have bought none of those, but I discovered them very early - or at least I know where to look to find next ones :) However, I only bought a small $250 bag worth of $DNODE that is sitting at around $750 right now, waiting for $1000 to sell half and leave the rest in case it goes crazy up.

So what am I holding/trading right now?
For this week, I am holding 80% in $DOJO, the rest is in $USDT - waiting for some new promising quick flips like $DNODE + a little bit of $DNODE - around $750 to be precise.

So, why $DOJO you might ask?

They will launch a reflection token called “babyDOJO” (silly name, but let’s just call it free money) on 3rd March, but you have to stake between 28th Feb and 3rd March to be eligible.
DOJO.jpg
Source: https://dojo.trading/airdrop

If you hold DOJO in that period, you will receive $0.42 for every $1 of DOJO you hold. So theoretically, 42% on your $DOJO for FREE. The more $DOJO grows in price, the higher the market cap, the more you’ll receive.

When Pancakeswap (at peak bull run in 2021, reached $6.6B market cap) launched something similar, their reflection token babyCAKE did 7000x.

babyCAKE.jpg

On top of that, I think more people from INJ will flood $DOJO and as it’s only around $22.5M market cap right now, so $DOJO itself could pull a x2-x4 in the coming week as more people would chase free money. $INJ is backing them heavily and I guess they are financing that airdrop as it will invite more people to the Injective ecosystem.

Can $DOJO rug? Yes, but it’s heavily endorsed by Injective.
Can Injective rug? Yes, but very unlikely, since they are Binance incubated project - this would throw a bad light at Binance
https://x.com/Injective_/status/1761279104127570176?s=20
https://x.com/Injective_/status/1760925051124077019?s=20
https://x.com/InjectiveNow/status/1761383142353666325?s=20
https://x.com/Injective_/status/1760827064293216697?s=20

So how are things looking in crypto today, if you have experience with previous bull runs from 2017 and 2021?
For anyone who’s in crypto since a long time, things have changed a bit… Most of the projects that were hot in 2017 and 2021 bull, are now dead. The things you need to understand are:
  • Things move really quickly now
  • You have to watch out for narrative rotations - they happen in weeks, not months
  • You have to be comfortable buying/selling on DEXes (decentralized exchanges, since that’s where all the opportunity is, especially if you want to find new undervalued AI projects, like $NMT)
  • Bridging your USDT to 100 other shit chains is quite normal. The cheapest and “safest” way I do it is via RocketX: https://app.rocketx.exchange/?ref=lsQ212Wb
  • If 2017 was the year of Layer 1s (Cardano, Tron, Avalanche, etc.) and 2020-2021 were the years of NFTs and DeFi, then 2024 and 2025 are definitely going to be years of AI and narratives within AI (AI agents, AI L1s, GPU) - that’s where the most hype will go.

I also found a research that for each new leg up in Bitcoin price, huge amounts of new retail investors flood the market that are unaware of the new, fast changing conditions in the crypto markets in 2024. Most of them still marry the bags and don’t sell after they make a few Xes (if they even manage to discover them early).

We might see $BTC and $ETH ranging in these price points a few weeks. Remember, huge drops are also not to be excluded - drops like -30% in a day that happen like lighting. Don't get scared on those as money printer is still going crazy in most governments around the globe + we have a year of elections + we have $BTC halving in around 60 days.

Since we're on BHW, a good old indicator for predicting bull run, could be our old friend Google Trends. As you can see in screenshot below, we're still less
trends1.jpg

I believe that once Bitcoin touches old all time high, things will get very, very crazy and absolutely HUGE gains will be made, since people will FOMO like there is no tomorrow. And this time, they will FOMO hard on AI coins. I will be paying close attention to these ones.
 
Following this journey ! Have you ever tested binance crypto bot ?
No, I have not as I don't want to expose myself to CEX as much as possible. Have you? What are the benefits?
Since the ETF didn't get much of a reactional impact, have you change your strategy or outlook ?
No, strategy is still the same. ETFs were sell the news, that's why BTC and rest of it dumped a few days after ETF approval. This year you have halving + elections. BTC will eventually go over $100k, but we can see a pullback before the summer.
Great Thread! I think you picked a great year to do crypto - good luck!

What are your thoughts about $AZERO? I am a long time holder, and it's currently down by a lot, so it's maybe time to get in on it also :)
I don't hold anything. I just trade narratives as they come and go, trying to not marry the projects and coins.
 
UPDATE 26.2.2024

Portfolio is at around $27.000

My portfolio right now:
75% $DOJO
14% $USDT
6% $EFX
4% $ETH (for gas fees mainly, which are ridicuolously high)
~1% $BNB/$INJ

$DOJO is going up nicely. I bought back at $0.54 with 75% of my portfolio allocation and is going up nicely, already at $0.8

I expect it to do ~x2 from there in the coming days as people are really hyped about the free money Injective ecosystem will airdrop via their (Dojo Swap) platform.

My tweet also helped to pump it a bit and on-board some new users: https://x.com/financialhedge/status/1761668708303347949?s=20

Sold $GNOME at x2 (bought it at $0.012 and sold at $0.024)
https://dexscreener.com/ethereum/0xf5de7dc21138e4bb9f2e3fd6e8f4cd76a7ff016b
I have rotated all profits of $GNOME to $EFX (bought it at $0.1) even though it pumped already x10. Look at volume and liquidity, at $4.5M market cap this price is a steal. Lots of crypto influencers also follow their Twitter account.
https://dexscreener.com/bsc/0xaf1db0c88a2bd295f8edcc8c73f9eb8bcee6fa8a
 
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Hello @dinozd I have read your thread but I am still unsure on your general strategy.

Are you using technical analysis on these charts? Also what kind of thought process are you using to enter a coin in the first place and when do you decide to sell it?

Could you outline a general pattern of your thinking for why you made any of these trades?

Thanks
 
Hello @dinozd I have read your thread but I am still unsure on your general strategy.

Are you using technical analysis on these charts? Also what kind of thought process are you using to enter a coin in the first place and when do you decide to sell it?

Could you outline a general pattern of your thinking for why you made any of these trades?

Thanks
Technical analysis does not matter in my strategy.

My strategy evolves around analyzing on-chain movements and hype:
1) on-chain analysis, meaning: analyzing which wallets buy what and being early. For example, knowing where the whales and influencers move their wallets, buy tracking their wallets
2) hype, meaning scanning through Twitter, what influencers follow, etc.

Once I buy the coin I then go to Telegram channel of the project and monitor overall holder sentiment.

Again, I don't care about neither of the projects I buy and the "groundbraking" tech they wish to develop. I just follow where tha narratives shift and try to be early.

Example: Right now we had a little bull run on AI coins. I guess this hype will go a little bit on the sidelines for a few weeks and some other narrative will emerge. A good example of an over-hyped narrative that lasted about 14 days was erc404 (Pandora was in that category and it went from $2.5k from when I saw it to $33k at it's peak - unfortunately didn't bought). When new narrative emerges, you have to be quick.
 
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