Apollo
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Cryptocurrency market trends I
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This is a meme coin, its gonna go up, but alot of people will end up slaughtered when biggest holders sell early.
Wow Doge tonight is going nuclear, this could be top 3 coin in a few weeks
Theres people who have a 100 percent portfolio solely consisting of this meme shit coin
Theres people who have a 100 percent portfolio solely consisting of this meme shit coin
But at the same time;
That break out on the 5 min chart was too easy to pass up on.
Apollo
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@Apollo @kickz
What do you think of this token
Gold Standard
www.goldstandardtoken.com
Its got a total supply of 78k and currently trading at 3 dollars, they want to equal the current price of gold per ounce so 1700 per token
Make sure they aren't scammers. Lots of small projects are set up by scammers. Have you researched the founders?
Liquidity pool is locked the whitepaper looks decent but one thing is developers haven't doxxed themselves i havent invested in it yet though need to look deeper.
Apollo
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Yooo just noticed Doge has entered top 5 coins, this really is Gamestop all over again
I think crypto market caps are misleading. Only BTC's market cap may be somewhat legitimate (maaaybe ETH as well) due to it being plugged into so many other financial markets (futures markets, ETFs outside of the states, many fiat onramps globally etc.). All the other cryptos probably have "pseudo mcaps" only based on 'last traded price times circulating supply'. There's no way there are tens of billions in fiat supporting Doge, just a few millions playing musical chairs and passing on hot potatoes to each other. Nevertheless, shit is fun to watch like GME was.
ETH for sureI'm trying to "throw " few $100s at this cryptocurrency market , for a starter.
but don't know where to begin.
I'm afraid I'll get scammed
@Apollo Any advice?
lol eth will correct dont go into eth just yet
elite1337
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isnt eth at its ath something like that
Apollo
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I'm trying to "throw " few $100s at this cryptocurrency market , for a starter.
but don't know where to begin.
I'm afraid I'll get scammed
@Apollo Any advice?
We are in the ''dumb money'' part of the bull run (showcased by Doge). It is no longer safe to HODL comfortably, you have to watch these charts and the coinmarketcap list daily now for signs of a reversal. The comfy HODL period was from mid-2020 to January through March 2021.
Only safe times to put in new fiat is on these events:
- BTC drops by 20-25% and hits the 30 day or 50 day simple moving average (use tradingview.com to view this).
- BTC drops by 30-40% and hits the 20 week simple moving average (screaming buy). I think this will happen in the summer. The 20 week simple moving average is always tested in a bull market and it generally bounces off from there.
If you want to take on extra risk, then buy your favorite alts when BTC has dumped at the above two scenarios.
Apollo
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Lmao, Warren Buffett hates crypto and I don't really follow his strategy.
YOLO'ing will make you money fast, but will also make you lose money fast.
It is not about making money fast, but staying in the market for a long time/surviving/not getting rekt. You make more money than the YOLO'ers long term.
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