The more $BTC bleeds, the more #altcoins bleed. With blood comes profit. Red is green.
In this MEGA-THREAD I'll show you how to turn red into green.
Like, retweet and follow for more π
2/ -- DIP FUND --
I routinely tell people to keep a min of 30%-50% of their portfolio in #stablecoin. This is your dip fund.
When #crypto is bullish, you can get away with 30%. When it's bearish or crabby, 50%+ is a good dip fund.
I hope you have a dip fund ready to go.
3/ -- DIP FUND SPLIT --
My dip fund is split 70% for buying dip (strategically), 30% for investing in projects in a bear market.
More on buying the dip on tweet 6, let's talk bear launches first.
4/ -- BEAR LAUNCHES --
Projects launching in bear markets mint millionaires. These projects aren't trying to capture the hype like half the rubbish #metaverse games "releasing" atm.
Real projects, with real teams, and a real vision have the courage to launch in a bear market.
5/ -- BEAR LAUNCHES cont --
$SAND $AXS $RUNE and others are examples of projects that launched in bear markets and returned 400x to 2000x for investors.
Not all bear launches make it, but setting aside capital to buy these launches is smart. Key is to be patient and pick well.
6/ -- DIPS: WORST CASE --
I'll use $BTC as an example, but the process is the same on #altcoins, alts are where the real returns are made.
Figure out the worst case scenario, for me its a 20k #Bitcoin and plan your dip buys at support all the way down to the worst case.
7/ -- DIPS: WHAT IF??? --
What if it goes lower or never goes that low? π€·ββοΈ
Buying the dip is not about predicting the perfect bottom. 99% of people who try guess wrong. The 1% who get it right are lucky n brag about it for years.
Watch them brag below about ThAt OnE TiMe π
8/ -- DIPS: PLAY THE LEVELS --
Buying dips is about playing the levels. You mark out your support and resistance, and scale in.
I account for a 90%-95% drop on #altcoins like $HTR or $RFOX if $BTC goes max pain. The $ amount doesn't matter $500 or $50k, same thing.
9/ -- DIPS: THE RIGHT ALTS --
You should pick alts that you believe will survive a bear market. Many will not.
- Strong teams
- Well funded
- Solid vision
- Strong narrative
10/ -- SHOULD I COMMIT ALL MY DIP FUND --
It's up to you. Some keep a % of their dip fund to go ALL IN if BTC drops to $5k n #alts crash 99%. Others set a max pain like 20k BTC & -95% alts and are ALL IN around there.
I have emergency reserves to in case BTC got to 10k!
11/ -- WHAT AM I BUYING --
Today I DCAd $NCR and $HTR and that's it for now. My other projects haven't dipped enough to buy yet.
I will share more as I buy.
Hop on my discord where I share my buys regularly.
12/ -- ARE WE GOING BEAR? --
I don't know, I don't care. I am just buying on the way down, as per my plan.
The plans in these tweets are rough examples, and none of this is financial advice. You need to DYOR and never invest more than you can afford to lose.
DON'T BE A DUMBASS
WTF is going on with this tweet?
It is blowing up and getting hundreds of quote tweets calling it a good "project".
I get that its bots but why are they doing this? It makes no sense?
β’ β’ β’
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2/ -- APPROACHES --
I need to make some assumptions here on Jim's trading, sorry if I get anything wrong.
In the below scenario, if consolidation occurs, Jim would outperform me. However, if we get a strong bounce, I leave myself open to a few more favourable outcomes.
3/ -- FAVOURABLE OUTCOMES --
My approach is approach has its roots in game theory. I am trying to give myself the most favourable outcomes so that despite what happens, I end up ahead.
I don't know if this is a bear market or if it's a quick dip before a major run.
1/ I often talk about keeping a high-risk portfolio for blindly apeing into things like my spectacularly bad $KIBA buys.
I'm not a #memecoin trader so when I do buy them I use my high-risk portfolio. This portfolio holds 5% of my total #crypto capital but risk per trader is <1%.
2/ I use this portfolio when I want to be a full-on degen and ape into projects with no research.
The money in my high-risk portfolio is not actually counted towards my total capital.
This means that psychologically I can trade this money without fear of losing it.
3/ For all intents and purposes, my high-risk portfolio is already lost. If I get lucky and make a 100x the money is redistributed into my low and medium risk portfolios.
If I get rugged and lose it all π€·ββοΈ it's gone anyway.
3/ -- RESEARCH --
BSC scan and ETH scan are good for checking holders. Replace the contract address in the URL with the token you want, then click the holders tab.
1/ Volume analysis on $BTC is often useless and misleading.
Here is why.
- Volume is calculated per paired crypto/currency.
- Volume is calculated at an exchange level.
- More exchanges the less accurate the data. #Bitcoin#CryptoAnalysis
2/ -- HOW ITS CALCULATED --
Volume is calculated at an exchange level, which means that the volume indicator differs from exchange to exchange.
Volume on #Binance may be different to #Gemini or #Kucoin. Gemini's clientele are predominantly Americans, Binance bans Americans.
3/ -- HOW ITS CALCULATED cont --
The difference doesn't stop at nationalities. Each exchange targets different levels of investors and appeals to different types of traders.
It makes sense that BTC volume will differ between exchanges.