Very happy to announce that i will be working with @PolyientGames & @ApeInFinance to help grow the Polyient Games Ecosystem.
As some of you know, i've been going hard on #NFT's for a while and i stumbled upon Polyient a while ago.
Polyient Games is an investment firm focused on the non-fungible token (NFT) and blockchain gaming industries.
In addition to that, PG is also building the PG ecosystem. A collaborative platform that aims to bring together all participants in the NFT market.
I invested in PG's governance token $PGT, their NFT PGFK and more recently, i aped into some of the new @ApeInFinance items, which got me a great return so far. 🐒
I've started talking with the team and we decided on starting a collaboration together. I mentioned to them that i always want to be 100% transparent about these partnerships and they were all for that, so that's amazing.
The team is very experienced and fully KYC'd which is also a requirement for me before investing my time and money into a new project.
We've recently seen Polyient's COO, Eric Kapfhammer, being featured on investing.com & reuters.com.
Besides that, i do think the NFT space is very likely to blow up in 2021. We're already seeing huge NFT sales being made in the space.
The most recent @ApeInFinance 1 out of 1 NFT even went for 43 ETH ($76.800) at the time of writing this.
Definitely a space to watch this year.
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Seeing NFT's blow up left and right but also seeing how small the space still is relative to the entire crypto market cap, i can easily see these valuations go much much higher. The total NFT token market cap is $2B now.
First i want to get a few things out of the way:
• There is no "best" way to do this.
• I will be explaining my experience and what works consistently for me.
Let's start!
2) There are a few steps that are, in my opinion, necessary to start off your trading adventure.
1. Define the portfolio size you will trade with. 2. Define your risk appetite. 3. What is your main trading style? 4. How do we determine position sizing?
3) Defining your portfolio size ✅
Personally, i found it very liberating to have my portfolio's split into a long term "hodl" portfolio and a trading portfolio.
I set aside some BTC at one point that is ONLY for trading and NOT for long term investing.
1) Something i've been looking into for the past weeks.
"Is there an edge to be gotten trading the price difference between CME close price over weekends?"
I noticed MOST weekends the BTC price just hovered around the price where CME closed at.
Example:
2) In this picture the blue box is the range price moved at between Friday 23:00 CEST & Sunday 00:00. (CME Down time)
Purple line is the close price on Friday.
As you can see price usually just fluctuates around the purple line and closes the weekend about where it started.
3) Since the purple line seems to act as some kind of magnet, could there be an edge to be taken when longing a price below and shorting a price above this CME close price?
There is a lot happening here so i'll be explaining it bit by bit in the thread below.
This is just an idea/observation so take everything with a grain of salt.
2) First noteworthy point is the similar drop from top to bottom which were -86% & -84%. After which we rallied 2 times like we see in 2015 and recently in 2019 & early 2020.
Then, the second drop occured bringing us to +29% from the 2015 bottom & +24% from the 2018 bottom
3) After bottoming a SECOND time, we see the big run up like we're also seeing right now. Where 2015 even saw 10 out of 11 green weekly candles in a row. We're sitting at our 7th as we speak.