Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: Ferki on May 13, 2021, 12:29:49 PM
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My portfolio on Binance just got $20000 smaller compared to yesterday! :o
And you know what? I do not care! 8)
I've already forgotten the money I invested there, I don't need it to live. Just don't say that to my wife ;)
Point two; if i had sold it at the peak yesterday i would have to pay $40000 in tax.
In this way, if I don't do anything from now on and don't sell it for 6 months, the price should go down by 20k and should still say that I sold it at the highest level, but the greedy government won't get anything because they do nothing but raise taxes and let the rich get richer. Because the rich lobby work well and the politicians are corrupt, they allow it.
And there we come to the point why the market is going down.
The USA is currently experiencing stronger inflation, so investments are of course being redeployed. But Elon Musk and his tweets have a bigger impact.
And I believe that it cannot be anything other than pure manipulation so that he and his rich cronies can clutter their pockets even more.
Market will recover, I will buy more now. This is not an investment advice
I know what I'm doing, my big goal is 2025, then it will be settled. Until then, I will only buy more and not sell anything.
I have strong hands, diamond hands like the "appes" say.
Strangely enough, my portfolio has become better compared to the Bitcoin price, I now have more value in Bitcoin ;D
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I know exactly what you mean and I love your point of view, especially with taxes. Also, I also "know" your strategy and I know it has a solid foundation, and I know this because it is very similar to mine although it differs in some things. Since 2018, a large part of my funds and my investment earnings are held in stable currency directly for when I am older, with the rest of my funds "I am playing", so the risk is almost always minimal and I can continue to make profits. It's all a matter of perspective and personal interests, don't tell my wife this either :o
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I think you know what you are doing Mate, maybe in your country that amount of $20,000 is not that big but here in my country it's already worth a lot and for me, it is already a big loss if that portfolio decline ever happens to me. But as you said you consider it forgotten that's why it has no big issue for you. By the way, Just do what you want after all it is your own money As you said your target was in 2025, and it's almost 4 years from now maybe in that time you are already a multi-millionaire.
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Anyways I like your spirit. Yes, Govt is quite harsh in collecting huge taxes from the common man. If we pay huge taxes what we will get in our hands just a meager amount of money. I don't like it we are doing hard work and govt will take more benefit from us. Currently, I also believe manipulation is going on and we should remain positive and should not sell in the panic otherwise will have to repent later. We should not take Elon's tweets seriously.
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So sad, bro!
Elon made a huge announce and it was negative for Bitcoin but all Altcoin was also crash.
We have always to expect for a very volatile market from unexpected announces.
But all coins will recover, bro!
Crypto currencies have huge potential!
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So sad, bro!
Elon made a huge announce and it was negative for Bitcoin but all Altcoin was also crash.
We have always to expect for a very volatile market from unexpected announces.
But all coins will recover, bro!
Crypto currencies have huge potential!
Thank you for your compassion and concern, but I am well positioned ;)
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Yes your point of view is really impressive and future peoofed. You are rigt and i really appreciate your thinking. Really these manipulators like Elon Musk i dont lie them. They are just manipulators and came here only to make their own money. So i dont pay attention to their words.
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Yes your point of view is really impressive and future peoofed. You are rigt and i really appreciate your thinking. Really these manipulators like Elon Musk i dont lie them. They are just manipulators and came here only to make their own money. So i dont pay attention to their words.
Do you know the saying "buy the rumors sell the news"
Sometimes that can make a lot of money.
Many still act according to this "law"
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Yeah. We all have similar losses. But I am ok because I know this bull run just started. I guess before the pick some whales and firms want to collect cheaper coins. Paperhands will regret it.
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Samething for me @Ferki as we're on the same rocket for moon and looks like i'll hodl it for longer period than OP. ;) ;D
Elon Musk is just manipulating the market just like what was done by John McAfee back in 2018's bull season. They'll come into this market to enjoy their free times and left this market when they're done with this. BTW, i already made a post/replie on other post about elon's recent tweet (https://www.altcoinstalks.com/index.php?topic=211267.msg1171194#msg1171194), so i won't do it here again. But two things is most important for being a crypto users which should be remembered "Not your keys, Not your cryptos" and "Buy the rumors, Sell the news". If anyone maintains this, than he/she won't panic in any situation and would be more profitable.
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Yes bro dont be panice your lost will recover am also losing also 10k from this dump bitcoin will pump again all coins will pump loot of bad news are coming but there some good news I think few days market will be stable again bitcoin will pump again to 5k soon just hold your coins will gives you good profit.
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Exactly, I commented on it a while ago. Powerful voices (Elon Musk) move people's consciences (Markets).
I also think it is a movement for them to get richer. They lower the prices of some rarity for them to adopt it.
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Wow, the market is correcting and you are buying more crypto, which shows you have a very clear vision of crypto market future in this bullrun. I also think this is just a small change for exchanges to "kill" margin traders, and whales have a chance to buy more crypto. We should remember that 2-3 days ago, a large amount of stable coins were put on exchanges. I believe the number of stable coins are used to buy dip today.
$20K is a lot of money, hope you will get them back in the coming days. Market will recover quickly.
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This decision you took is a good idea investing $20K in cryptocurrencies for 4 solid years is indeed a big asset we never can predict the actual amount of profits to be accrued in 2025 but I very sure it gonna be massive, however not telling your wife isn't the best idea, I think you should let her know about it and carry her along with this investment journey it's going to benefit your family later.
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This decision you took is a good idea investing $20K in cryptocurrencies for 4 solid years is indeed a big asset we never can predict the actual amount of profits to be accrued in 2025 but I very sure it gonna be massive, however not telling your wife isn't the best idea, I think you should let her know about it and carry her along with this investment journey it's going to benefit your family later.
The whole value of my portfolio slipped 10% yesterday, today it went up again 10% so that I still have a loss in value of 5%. I haven't lost anything, I haven't sold anything, I just bought Bitcoin on another portfolio.
Do the math problem and then you tell me what I now have from invested € 10,000.
Again, yesterday I lost about 12-15% of my portfolio. Thats about 20k. How much was the value of the entire portfolio the day before yesterday?
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My portfolio on Binance just got $20000 smaller compared to yesterday! :o
And you know what? I do not care! 8)
I've already forgotten the money I invested there, I don't need it to live. Just don't say that to my wife ;)
Point two; if i had sold it at the peak yesterday i would have to pay $40000 in tax.
In this way, if I don't do anything from now on and don't sell it for 6 months, the price should go down by 20k and should still say that I sold it at the highest level, but the greedy government won't get anything because they do nothing but raise taxes and let the rich get richer. Because the rich lobby work well and the politicians are corrupt, they allow it.
And there we come to the point why the market is going down.
The USA is currently experiencing stronger inflation, so investments are of course being redeployed. But Elon Musk and his tweets have a bigger impact.
And I believe that it cannot be anything other than pure manipulation so that he and his rich cronies can clutter their pockets even more.
Market will recover, I will buy more now. This is not an investment advice
I know what I'm doing, my big goal is 2025, then it will be settled. Until then, I will only buy more and not sell anything.
I have strong hands, diamond hands like the "appes" say.
Strangely enough, my portfolio has become better compared to the Bitcoin price, I now have more value in Bitcoin ;D
I know how you feel, mate. Let the government choke on their greed. About Elon Musk, we all know he's a manipulative SOB. We have always known. A glorified pump and dumper
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Stay strong bro. "Hodl" is our everything.
Why do you decided to keep all your assets on exchange for such a long term? Arent you afraid of Binance being hacked, turned scam or your account being hacked? I dont know your financial situation, but if I had such big amount of crypto, I would have kept it on a hardware wallet, and hid it really good from wife :D
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My portfolio on Binance just got $20000 smaller compared to yesterday! :o
And you know what? I do not care! 8)
I've already forgotten the money I invested there, I don't need it to live. Just don't say that to my wife ;)
Point two; if i had sold it at the peak yesterday i would have to pay $40000 in tax.
In this way, if I don't do anything from now on and don't sell it for 6 months, the price should go down by 20k and should still say that I sold it at the highest level, but the greedy government won't get anything because they do nothing but raise taxes and let the rich get richer. Because the rich lobby work well and the politicians are corrupt, they allow it.
And there we come to the point why the market is going down.
The USA is currently experiencing stronger inflation, so investments are of course being redeployed. But Elon Musk and his tweets have a bigger impact.
And I believe that it cannot be anything other than pure manipulation so that he and his rich cronies can clutter their pockets even more.
Market will recover, I will buy more now. This is not an investment advice
I know what I'm doing, my big goal is 2025, then it will be settled. Until then, I will only buy more and not sell anything.
I have strong hands, diamond hands like the "appes" say.
Strangely enough, my portfolio has become better compared to the Bitcoin price, I now have more value in Bitcoin ;D
It is a great advantage for an investor to trade using available funds and be able to hold positions for a long time. This allows you to make the right decisions calmly and without haste. Even when the wife is peeping from behind. :D
Well, the issue of deferred taxation also has a positive meaning.
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My portfolio on Binance just got $20000 smaller compared to yesterday! :o
And you know what? I do not care! 8)
I've already forgotten the money I invested there, I don't need it to live. Just don't say that to my wife ;)
Point two; if i had sold it at the peak yesterday i would have to pay $40000 in tax.
In this way, if I don't do anything from now on and don't sell it for 6 months, the price should go down by 20k and should still say that I sold it at the highest level, but the greedy government won't get anything because they do nothing but raise taxes and let the rich get richer. Because the rich lobby work well and the politicians are corrupt, they allow it.
And there we come to the point why the market is going down.
The USA is currently experiencing stronger inflation, so investments are of course being redeployed. But Elon Musk and his tweets have a bigger impact.
And I believe that it cannot be anything other than pure manipulation so that he and his rich cronies can clutter their pockets even more.
Market will recover, I will buy more now. This is not an investment advice
I know what I'm doing, my big goal is 2025, then it will be settled. Until then, I will only buy more and not sell anything.
I have strong hands, diamond hands like the "appes" say.
Strangely enough, my portfolio has become better compared to the Bitcoin price, I now have more value in Bitcoin ;D
Don't worry dude, we won't gonna tell your wife ;D
Anyway, if you lose 20, 000$ that's a very large amount here in my country, it's almost a million actually.
Perhaps, your style was a long-term holder and has a strong believed in Bitcoin and cryptocurrency as well and I
admired you with that things. If I only have a large amount of money I will buy a huge amount of the potentials coins and Bitcoin then hold in the long terms just like what you are doing now.
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Stay strong bro. "Hodl" is our everything.
Why do you decided to keep all your assets on exchange for such a long term? Arent you afraid of Binance being hacked, turned scam or your account being hacked? I dont know your financial situation, but if I had such big amount of crypto, I would have kept it on a hardware wallet, and hid it really good from wife :D
Staking, loaning, pool ... Binance Earn allows me to make even more of my crypto without making new investments.
I have often said that I don't need the money invested to live.
Besides, just as Binance could be hacked, something worse could happen to me also.
Life is not forever ;)
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You have a direct strong position, I have the same opinion, each investor should have his own position and his own principles for investing, you should not trust emotions anywhere, at the expense of tweets, I agree with you pure manipulations for hamsters, especially, I think it will soon subside and people will no longer believe in it, but nevertheless, these manipulations have a good effect on the market, whatever one may say.
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Know the feeling. Long as you don't keep holdings on the exchange - More concerning than the price
Hodl
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Ferki, there is a funny (or not) life case https://news.bitcoin.com/wife-leaves-husband-after-he-refused-to-sell-bitcoin-at-60k-and-bought-the-dip/.
I it a bit similar to your life situation. Not trying to say something, but warning :) Just hold and stay silent with your crypto. Or pretend that everything is fine and going as you have planned.
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Ferki, there is a funny (or not) life case https://news.bitcoin.com/wife-leaves-husband-after-he-refused-to-sell-bitcoin-at-60k-and-bought-the-dip/.
I it a bit similar to your life situation. Not trying to say something, but warning :) Just hold and stay silent with your crypto. Or pretend that everything is fine and going as you have planned.
Haha, good one ;D. "Does anyone know a place in Munich where I can pick up the girls and drive them in my Lambo? 8)"
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You are clearly wrong mate.
You only care about the government not having any little share from your investment but have you also check economical things.
There is something I remember in economics called opportunity cost and if I am you, I would have sold my holding and buy back at the bottom. This way you will be able to. Maximize profit and buy back at every dip.
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As long as you have not sold during the dip, eventually your portfolio will recover. No need to sell, not unless you are in dire need of the money. And of course, we're not going to tell anybody of your decision, no not even your wife or even a mistress (just kidding). Tomorrow is another day. Days from now, the Elon factor will start to wane as he might just be concentrating on his Dogecoin.
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You are clearly wrong mate.
You only care about the government not having any little share from your investment but have you also check economical things.
There is something I remember in economics called opportunity cost and if I am you, I would have sold my holding and buy back at the bottom. This way you will be able to. Maximize profit and buy back at every dip.
You can do as you like, I don't mind.
But my time horizon is meant for 4 years. From now on there are no more sales. At least not for 80% of my coins. I will just buy.
And I only buy coins that will also exist in 2025, at least in my opinion.
Dollar cost average is my strategy, compound interest.
If we are all alive by then and nothing bad has happened by then, you can ask me again how my portfolio is doing.
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I think you should use the strategy of the rich to evade taxes.
Use some altacoins to get out of the bitcoin bubbles in some decentralized exchange and you will be better.
Best regard...
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Many people have lost after the current decline in the price of Bitcoin, there are friends of mine whose assets have dropped by 40%, some have fallen by 50%. It's sad to see and listen to it, but this is the risk we have to face when in Cryptocurrency.
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Cryptocurrency transactions are not the same in every country. If you want to do cryptocurrency transactions in our country, you don't have to pay taxes to anyone here. The government of our country declares cryptocurrency illegal every time. However, in our country, Bitcoin and other coins are also traded in large quantities. Because the young society of our country spends a lot of time in this cryptocurrency space. One third of young people have made an impact in the cryptocurrency world. While the governments of more countries are very active, many have been taken hostage in government. while doing business. Many have been sentenced to life imprisonment. So everyone must be careful to trade with crypto resources. And the government of each country is much more active in the cryptocurrency industry. Although approved in some countries, the scope of the transaction is less.
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The decrease in the estimated price from 40,000 USD to the price of 20,000 USD is minus 50% and maybe all of the assets are in the form of Bitcoin because the highest Bitcoin price is around 65,000 USD and now the Bitcoin price is around 30,000-36,000 USD and this has been minus up to 50% .
No one can think that Bitcoin or other altcoins can be up so quickly because the altcoins we have are our assets in the future, don't ever Stop Lose or Cut Lose.
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no one can predict the changes in the market otherwise they would have sold all before the dump, however if you do not need those funds to live, do not change at a loss but wait for the recovery of the market that will surely happen, the market is cyclical
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Everyone is experiencing a decline in value in their portfolio, this is all because of the recent massive decline in Bitcoin and Crypto. Those who are accustomed to this condition may be calm and relaxed about this, but not a few of them panic. We already know that this is a bad risk that we have to face if we enter the crypto world, so we should be calm and not panic about this decline, because we have to believe the price will rise again.
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The decrease in the estimated price from 40,000 USD to the price of 20,000 USD is minus 50% and maybe all of the assets are in the form of Bitcoin because the highest Bitcoin price is around 65,000 USD and now the Bitcoin price is around 30,000-36,000 USD and this has been minus up to 50% .
No one can think that Bitcoin or other altcoins can be up so quickly because the altcoins we have are our assets in the future, don't ever Stop Lose or Cut Lose.
We do not lose our investment if we do not sell our cryptocurrency during a market fall at a loss. Market prices will always rise and fall. The main thing is not to panic or do stupid actions. If you didn't sell your cryptocurrency back then, you can probably already see a profit now, as market prices have risen significantly since then.
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There is still a long time before Bitcoin Halving. You are waiting for 2025, this is probably the next Halving you expect, thereby relying on the rise in the price of bitcoin. In 2025, Bitcoin will be worth over $ 1 million. Anything can happen by then.
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It is cool that you do not care about the situation. I lost about 500$ and I was upset. But all crypto traders know about the risk to lose assets.
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t is of course great when you treat such a gap like that, apparently there are reserves, but I would be very upset if my wallet lost so much money, but still, I want to tell you, maybe it was a cheap correction, and you will see how you wallet will soon grow and give you his debt from above.
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I think these are the things that one can never avoid: living life, paying taxes and using cryptocurrency. Now let's leave death aside because that is something really beyond our control. I can sense your disappointment with the government's perennial to drive to get as much tax as it can so it can spend, spend and spend. Well, let's hope that spending can be the real answer to the economic challenges affecting the people and the whole country. I am glad that am not a citizen of USA otherwise the power of the state can be upon me even when I am sleeping.
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Of course I didn't sell anything back then, I invested something in GameFi, and now I can say that I did everything right.
From now on there will always be people who are just starting to invest because they regretted it when the Bitcoin was under 30k. As I predicted, they'll buy it at 70k. But unfortunately, those will also be the first ones who will sell with a small price correction even with a loss.
Bitcoin shouldn't be sold !!!
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Of course I didn't sell anything back then, I invested something in GameFi, and now I can say that I did everything right.
Smart move. I made some good NFT investments back in March, but still lacking any real GameFi exposure exlcuding MANA (which I consider more NFT related anyway). It's all very small caps so have no idea where to really look, as am not much of a gamer, so I don't feel comfortable analysing the fundamentals. Clearly the P2E market requires some knowledge and insight into games which are good quality and growing, in order to invest in the fundamentals correctly. So care to shill me any of your GameFi bags? NFTs are falling behind now, so looks like the next best move right at the moment.
From now on there will always be people who are just starting to invest because they regretted it when the Bitcoin was under 30k. As I predicted, they'll buy it at 70k. But unfortunately, those will also be the first ones who will sell with a small price correction even with a loss.
Bitcoin shouldn't be sold !!!
I do like your 2025 plan re OP. I know others who I helped invest into Bitcoin & crypto also had the 4-5 year plan, or even 10 year, rather than wanting to take profits this winter. That said, until I see the 4.08 year cycle broken, I'll be taking upto 75% profit based on the likelihood of a 80% correct, 50% at a time. I won't be trying to sell the top, but instead take profits to put crypto-fiat back in at a lower price, or at least that's the plan. I did successfully manage to do this in 2017, selling for an average of $17.5k, then re-investing profits at around $7K, in order to get 2.5x more BTC. So well worth it imo.
I admittedly have no interest in cashing out into genuine fiat anytime soon, due to tax reasons, but instead into a basket of stablecoins excluding Tether, in order to re-invest at a future discount. Also if there isn't a parabolic based blow off top then I won't have the same desire to sell. But when friends & family who previously laughed at the idea of Bitcoin start contacting me as wanting to buy BTC, like in 2017 when price moved quickly from $10K-20K, then it will be my signal to take profits. At heart, I'm a big fan of buying fear and selling greed ;)
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Its really a pathetic but it will recover soon if you work hard for long time in the crypto trading for that you have to update regarding coin issue and solve the problem why you loose in the market. If you find out your problem then it will be automatically solved.
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I fully support you, my opinion is that if you work in the cryptocurrency market, you should stay here for at least 5 years in order to get tangible profits.
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If you run out of money, hold on to it for a long time. However, there is corruption in almost countries. However, cryptocurrency is illegal in my country, so you don't have to pay tax. However, holding for the long term can be very beneficial.
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Of course I didn't sell anything back then, I invested something in GameFi, and now I can say that I did everything right.
Smart move. I made some good NFT investments back in March, but still lacking any real GameFi exposure exlcuding MANA (which I consider more NFT related anyway). It's all very small caps so have no idea where to really look, as am not much of a gamer, so I don't feel comfortable analysing the fundamentals. Clearly the P2E market requires some knowledge and insight into games which are good quality and growing, in order to invest in the fundamentals correctly. So care to shill me any of your GameFi bags? NFTs are falling behind now, so looks like the next best move right at the moment.
My contact points have been ApeSwap and Seedify.fund for 5 months. Not the only ones. Seedify has made the giant leap as an incubator for GameFi IDOs. ApeSwap is my main staking station, also for GameFi products. Btw, staking and interest from it, including passive income, is my main goal. In between there are countless information sites that I have on Twitter. So, since I first invested in GameFi, and that was Alien Worlds, I've learned a lot. In Alien Worlds I didn’t get any big profits because I started at that high time. Now these investments are also slowly becoming profitable. After 6 months. The first months were catastrophic until I analyzed it through ... you have to get involved in these projects very early in order to make a profit. After the CryptoBlades (not currently recommended if you should start with GameFi) and the crazy start I got additional capital to continue investing. So, I started to stake $ skill and get bananas (which you can also use on Gnanas / golden Bananas for EIO / IDO to benefit from other GameFi products) and I started to buy Seedify.fund to get tier 4- 5, so that I have better cards for GameFi's IDOs. As a result, I got to know new projects and invested in them as well. CEEK, for example, or NFTY. First LP / Liquidity pool farming and always looking for better APR%. Old out, new in. Always over 100%. I just finished GAN IDO and farm GAN. In addition there are Skill, Babi, Ydr, everything as LP to get Banana. I still get NFTY for Gnana for 160 days. In this way, I get around 100 bananas a day. Not bad when you consider that I only invested 6-8 BNB in cryptoblades that I have took to spend for my vacation. And I bought this BNB last year. These are only briefly my crypto connections, I put most of the BNB from last year in Next Earth and can hardly wait for the token to arrive in February.
There are so many projects at the moment that I have only presented a part of mine to you, the others would be far too risky. And I wouldn't suggest any of these to you because I got into that very early on. We're still very early, but DYOR applies to you too. ;)
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Its really a pathetic but it will recover soon if you work hard for long time in the crypto trading for that you have to update regarding coin issue and solve the problem why you loose in the market. If you find out your problem then it will be automatically solved.
Thank you for reading my thread correctly. Your answer did me very good.
Thanks again. :-\
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today minus 20 thousand and tomorrow it may be +30 thousand, the main thing is not to rush, strong hands win in the crypt, especially since you don't care about this money, it's worth waiting a little and you will see the result, there is no hurry, HODL!)
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$2000 is a very high amount
That will be very stressed if losing that much money. But I am glad to know you are here to understand what make you lost that muxh money. So far, the investment always requires risks and we cannot avoid it, but we can minimkze the risks exaxtly. Only invest by amount that we are ready or afford to loose only