Buy Solana now - wait 6 months, get super rich

nigga is always right
 
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Was he right I never looked at da shit
 
eduardkoopman said:
Why no one new, wanna but the OG Bitcoin?
New people here always tend to jump to alts,
Click to expand...
I´m oldcel, i´ve mined 0,23 btc on nicehash in 2018.

I´ve sold january 2024 when it was around 41k !!! right after the ETF approval!

getting old and i´m mentally ill, even my mother told me not to sell

I assumed the ETF would be a flop and there will be a dip before the halvening

Plan was to buy the dip and have 0,5 btc

All i got out of it was 8K€ after years of Hodling lmao

i want to learn to trade and earn my way back to 0,2 or even 0,5btc

the 1k into alts is just trying my luck

so i bought solana for 500€

tommorow ill buy PEPE for 500€

if it becomes even 3-5k€ I´m more than happy

just want to buy some looksmaxing gadgets and try escortceling

and i want to use my wage and possible profits from daytrading to buy bitcoin and gold/silver/stocks
 
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onlyhereforthehair said:
I´m oldcel, i´ve mined 0,23 btc on nicehash in 2018.

I´ve sold january 2024 when it was around 41k !!! right after the ETF approval!

getting old and i´m mentally ill, even my mother told me not to sell

I assumed the ETF would be a flop and there will be a dip before the halvening

Plan was to buy the dip and have 0,5 btc

All i got out of it was 8K€ after years of Hodling lmao

i want to learn to trade and earn my way back to 0,2 or even 0,5btc

the 1k into alts is just trying my luck

so i bought solana for 500€

tommorow ill buy PEPE for 500€

if it becomes even 3-5k€ I´m more than happy

just want to buy some looksmaxing gadgets and try escortceling

and i want to use my wage and possible profits from daytrading to buy bitcoin and gold/silver/stocks
Click to expand...
Why not invest into the Seth Walsh AlphaQuantEdge Diversified program?

1.5% management fee. 25% incentive fee. High water marks calculated at the end of each quarter assuming no drawdown.
 
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´´´´´´´´ said:
the only crypto guy i trust is @height
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Fucking FATAL bro
200.gif
 
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why dont we start a meme coin? and dump?
 
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wakeupbacktoit said:
why dont we start a meme coin? and dump?
Click to expand...
Looks-coin

Has chico on one side, and gay alien barret on the other, harmony, and bones, the cornerstones of looks.
 
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fuck this shit man I sold at 30$, I wanna kms
 
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Gaygymmaxx said:
Looks-coin

Has chico on one side, and gay alien barret on the other, harmony, and bones, the cornerstones of looks.
Click to expand...
@Seth Walsh give us a small loan of 10k and we will make history
 
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Chad was right
 
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wakeupbacktoit said:
doge worth now still?:trepidation:
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I don't know to be honest. I can't actually predict markets. Just follow your own trading rules. Opportunists for sure get burnt. If you can manage the risk then put your money wherever. But remember you're always looking for long optionality. You're not looking for quick profits. Short volatility strategies are for losers, you want to catch a nice trend, secure your risk and see how far the trend can go (pretend in your head that it's headed to infinity unless your trailing stoploss or something similar is hit. i.e., If price crosses back below the indicator you used to enter the position (breakout, moving average etc).

Not setting a profit target is the key. Because compounding happens in the tails of the distributions. Since large moves only happen in the tails, you need to have the left side of a leptokurtic gaussian representation closed, with the right side open, whilst not caring about the belly. That's the strategy.

So you are taking large gains to grow your account, and compound it that way. It's completely non intuitive because anyone new to trading would just think. Well if I take 150 5% profits on a $1000 account I'll make $1,507,977.50. The thing is, making 5% on anything quick, is easy, but you'll blow your account because you're leaving left-tail risk open while shorting vol in a high vol environment. It's completely irrational when you actually think about it. But everyone is doing this due to factors like; time, low bankroll, limbic hijack, fantasy etc.
 
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twilight said:
would you sell a trading & investing guide for dummies? i would pay since i know that you know that making it for free on this forum would be a waste of energy
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I don't really know. Because I'm not strapped for cash and my time is more valuable. And it would legitimately be hard and time consuming for me to break down concepts so the layman could understand them. I would make one obviously if the whole forum bought a copy and I sold for like $10 each. But then again it would take me a few weekends to write.

So probably no. Because I don't know how much demand there is, and I could end up wasting my time or getting distracted.
 
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Seth Walsh said:
I don't really know. Because I'm not strapped for cash and my time is more valuable. And it would legitimately be hard and time consuming for me to break down concepts so the layman could understand them. I would make one obviously if the whole forum bought a copy and I sold for like $10 each. But then again it would take me a few weekends to write.

So probably no. Because I don't know how much demand there is, and I could end up wasting my time or getting distracted.
Click to expand...
any books you recommend in that case ?
 
Seth Walsh said:
I don't know to be honest. I can't actually predict markets. Just follow your own trading rules. Opportunists for sure get burnt. If you can manage the risk then put your money wherever. But remember you're always looking for long optionality. You're not looking for quick profits. Short volatility strategies are for losers, you want to catch a nice trend, secure your risk and see how far the trend can go (pretend in your head that it's headed to infinity unless your trailing stoploss or something similar is hit. i.e., If price crosses back below the indicator you used to enter the position (breakout, moving average etc).

Not setting a profit target is the key. Because compounding happens in the tails of the distributions. Since large moves only happen in the tails, you need to have the left side of a platykurtic gaussian representation closed, with the right side open, whilst not caring about the belly. That's the strategy.

So you are taking large gains to grow your account, and compound it that way. It's completely non intuitive because anyone new to trading would just think. Well if I take 150 5% profits on a $1000 account I'll make $1,507,977.50. The thing is, making 5% on anything quick, is easy, but you'll blow your account because you're leaving left-tail risk open while shorting vol in a high vol environment. It's completely irrational when you actually think about it. But everyone is doing this due to factors like; time, low bankroll, limbic hijack, fantasy etc.
Click to expand...
good perspetive as usual, trying not to be too opportunistic and rush incase a potential dump, if there is a good entry in the near future with more resistance I might put a bit in Doge or another meme coin. do u invest in meme coins too? or mostly just sol
 
Seth Walsh said:
Coz everyone thinks there’s some weird sort of range on how much % a coin can gain based on how large its market cap is, which is not true. Bitcoin could very possibly gain more than any other altcoin % wise, here on out
Click to expand...
?

It's definitely true to an extent. Smaller coins are more volatile
 
Harold O'brien said:
?

It's definitely true to an extent. Smaller coins are more volatile
Click to expand...
Yeah but if you're trading an account, risk should be inversely sized to volatility to lower the risk of a larger max drawdown. I understand most people are just looking at crypto like a casino and looking to hit a home run and secure some nice cash from their initial investment.

What I mean is, all the coins have sufficient volatility. It's measurable. If you have a smaller account, you'll be prone to trade coins that are already hyper-volatile, and trade them with additional leverage. Usually all that money gets given back.

Few people actually get super rich from just a small investment in crypto, because they can't manage their risk, don't know what they're doing, don't have the luck or patience and aren't steadfast to follow rules they won't deviate from. Among other things.

We've already got the most volatile assets on earth (coins in the cryptocurrency market), and we're given up to 200x leverage on them. No wonder it's essentially a casino for most.

If I levered up 5x on Solana I could make my returns just as volatile as a shitcoin. The fact is that Bitcoin, Solana etc have enough buffer (in terms of trading volume, marketcap, avid holders) that I'm not constantly risking a 90% drop in the coin in the matter of hours or days.

A 90% loss of all the money you're playing with requires a 900% gain just to get back to where you were. I always see people talk about 50x, 100x coins etc but no one actually makes money on them, they just use hindsight and point towards what went up, and what could've been for them. That's why the whole idea of catching a meme coin is very pipe dream-esque.

Sure it's possible. But here's me practically sucking my own dick about calling a 15x on Solana over the course of 9 months. These huge moves don't happen so often. Bitcoin is just more risk averse. I think trying to catch a quick bag on some coin that pumps while the market is stale, is fine.

But many people tend to think they can find stuff that outpaces the top coins in a bull market. Like, everything is going up. Why not increase the probability of making nice money and not losing everything, rather than vice-versa. That's why I believe people digging for shitcoins in a bull rally are destined for disaster, because emotions like greed, fear, impatience etc just rule their decisions.
 
What is your next prediction for the market?
 
Seth Walsh said:
Yeah but if you're trading an account, risk should be inversely sized to volatility to lower the risk of a larger max drawdown. I understand most people are just looking at crypto like a casino and looking to hit a home run and secure some nice cash from their initial investment.

What I mean is, all the coins have sufficient volatility. It's measurable. If you have a smaller account, you'll be prone to trade coins that are already hyper-volatile, and trade them with additional leverage. Usually all that money gets given back.

Few people actually get super rich from just a small investment in crypto, because they can't manage their risk, don't know what they're doing, don't have the luck or patience and aren't steadfast to follow rules they won't deviate from. Among other things.

We've already got the most volatile assets on earth (coins in the cryptocurrency market), and we're given up to 200x leverage on them. No wonder it's essentially a casino for most.

If I levered up 5x on Solana I could make my returns just as volatile as a shitcoin. The fact is that Bitcoin, Solana etc have enough buffer (in terms of trading volume, marketcap, avid holders) that I'm not constantly risking a 90% drop in the coin in the matter of hours or days.

A 90% loss of all the money you're playing with requires a 900% gain just to get back to where you were. I always see people talk about 50x, 100x coins etc but no one actually makes money on them, they just use hindsight and point towards what went up, and what could've been for them. That's why the whole idea of catching a meme coin is very pipe dream-esque.

Sure it's possible. But here's me practically sucking my own dick about calling a 15x on Solana over the course of 9 months. These huge moves don't happen so often. Bitcoin is just more risk averse. I think trying to catch a quick bag on some coin that pumps while the market is stale, is fine.

But many people tend to think they can find stuff that outpaces the top coins in a bull market. Like, everything is going up. Why not increase the probability of making nice money and not losing everything, rather than vice-versa. That's why I believe people digging for shitcoins in a bull rally are destined for disaster, because emotions like greed, fear, impatience etc just rule their decisions.
Click to expand...
Shitcoins are better than margin trading imo because you don't lose everything if the price drops a little.

But in general smaller caps with fundamentals are the best play because they can and will outperform bitcoin and don't have large risk

If you think sol chart is impressive, look at inj
 
LMFAO. This did not aged well..
 
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Seth Walsh said:
I am talking conceptually, not from what's already been realized. Sure there's been coins that HAVE already done a higher ROI than Bitcoin, but that does not rule out the scenario that Bitcoin COULD outpace every other coin from here on out. Investing in shitcoins is riskier, and the whole 'timing' game is silly. Demand is full of punters who blow their bankrolls.

I was talking purely theoretically. It's like saying "Apple won't grow at a faster rate than mid cap and bluechip stocks", when in fact over time, more of the SP500 gains are being attributed the the stocks in the index that are already the largest.. i.e., AMZN, GOOGL, NVIDIA, AAPL, META, LILLY etc.

A coin GETS to the top because it outgrows the pack over time. The notion that lowcap coins are the only way to realize huge gains is a punters fallacy and the bias is that most people are time constrained and not rational, so they end up losing everything.

I was getting off the train writing that last post so it wasn't worded so well. For example, I choose Solana regardless of how much it has grown. Because realized growth is not an indicator of slower future growth. The future is uncertain and the notion that "this coin can 100x while this larger one can't anymore" is a huge cognitive bias.

The entire crypto market cap is not bound to some future upper limit. I hear people compare it's limit to gold's marketcap. But that's just irrational. Money is an illusion and anything can be the biggest bubble of all time. Just trade well and enjoy the ride. Who would've expected Cocoa prices to go up 400% in the span on a few months? And that's a regulated commodity futures market.
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I think the point is that for Crypto market cap to be infinite scenario to occur, it basically means a can of Coke can cost $500 or something, in which case u have bigger problems to worry about, and is v unlikely in developed economy.

The cocoa thing is down to market failure more than cocoa fundamentals. And market failures are common in bbc countries, LESS so in developed world who hold most of the liquidity.

Personally I think the gold anchor is a pretty good starting point to look at Crypto (by Crypto I mean the 5 or 6 legit ones, on the fence about xrp), but there are other benchmarks to weigh in as well
 
Chinacurry said:
I think the point is that for Crypto market cap to be infinite scenario to occur, it basically means a can of Coke can cost $500 or something, in which case u have bigger problems to worry about, and is v unlikely in developed economy.

The cocoa thing is down to market failure more than cocoa fundamentals. And market failures are common in bbc countries, LESS so in developed world who hold most of the liquidity.

Personally I think the gold anchor is a pretty good starting point to look at Crypto (by Crypto I mean the 5 or 6 legit ones, on the fence about xrp), but there are other benchmarks to weigh in as well
Click to expand...
Price of a can of coke is not correlated to the market cap of Coca Cola. And the Cocoa rally is influenced by lower production in West Africa among other factors. Why would the hypothetical limit of cryptocurrencies' aggregate marketcap be likened to golds current market cap? That makes no sense to me.

Really no one knows what will happen in the markets. No one can predict.
 
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Chinacurry said:
Not unrealistic this cycle though...
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Yeah it could happen, who knows. We'll just have to wait and see. Nothing's guaranteed. Price could shoot up, down, go sideways or in circles. I'm here to trade, not forecast. All I know is that these markets have strong trends and are ideal for trading. Opportunities like this don't come around too often.
 
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Seth Walsh said:
Really no one knows what will happen in the markets. No one can predict.
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I agree

Especially because:
1. Cryptocurrency is a relatively new asset and business class.
2. The number of use-cases for it, is constantly expanding.
3. The adoption, is increasing kinda constantly.

This 3 factors.
Really make it hard to predict, what the total market cap of it can become in the next 10 years.

as an example, same kinda with the Internet entering the mass adoption phase in the late 1990's. No one back than, could had imagined online shops (amazon) and software companies (Microsoft) and search engines (google), etc... would become such huge asset class.
 
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