Buy low 🤑 Sell high. Some Picks and Strategies.

in LeoFinance4 years ago

Discussions in the comments pan out, Hive peaked at 0.44

Setting my sites on other up-and-comers. It is not a good idea to sell your crypto peaks into dollars because the fiat police watch every entry and exit point closely. That is the only part of crypto that they can control.

So what if I want to sell a bitcoin at $52,000 and I grab 27.36 Ethereum. The dip occurs they both drop a certain percentage. Do I make money?

Let's toss that around. Put the prices in reverse and see where they were as an indication of how they relate to each other. On December first we have $19,837 to $634 for BTC/ETH respectively which would give me 31.28 Eth back then.

So I would have been better off buying Ethereum back then, and selling it back into bitcoin today. The value of that shoulda-coulda-woulda trade would have given me $59,980 for my bitcoin. A pretty good gain.

It would have been much better to take $19.8k in fiat (which I do not do) or some form of USD tether (which I would do) and sell it into bitcoin thus more than doubling my money. Yes, if there is one thing you want to sell, it is paper debt notes. They are not and will not go up in value.

I don't hold fiat and have not decided on a flavor of tether yet, so that would not have been an option. It may be for you though. Just watch out for KYC. They do not want to know you. They want to come back to you when your 0.05 X-coin hits $10,000

The point I am making is that when all coins are up, it makes little sense to sell high and then buy high, into another coin that is experiencing the same rise.

Now is the time to take high value bitcoin and put it into the a coin that has not moved much in relation to bitcoin. Another way to say that is, "Find the coin that has not reacted to the bull on bitcoin." Grab a little bit and see what happens.

Ark

I bought about 4,000 Ark a long time ago around the 0.20 mark and have tracked the price movements daily since then. This is one of those that only doubled while bitcoin more than quadrupled.

At the beginning of the month, I grabbed 10,000 using Ethereum to grab it. I may buy again in any sort of dip.

Ethereum is up $300 at $1917 or roughly 15%
Ark is up at 1.15 or from 0.40, more than 70%


arkblogpicture.jpeg
from the blog in the link below

What is Ark? It seems to be turning into a coin/app network similar Tron, but without all that Justin Sun in it. I have not researched all of what they are doing with it. To me, I need to know that they are active and that the price is undervalued at the time of the buy. I put 1/10000 of my wealth into it, so we are not talking a lot of money here.

I see potential. It was cheap. I got in, studied its movement in relation to the other coins I hold, I have it all in cold storage (important to do), and it seems to be paying off.

See more info on Ark - there is a payment gateway for Hive mentioned there.

DogeCash

The assumption that this is anything like BTC/BCH or LTC/LCC is wrong, as I found out. I thought I would just grab a DogeC core wallet and put in my Doge private keys. I was wrong.

I spoke to one of the developers to be sure of that. They are trying to make a go at a totally different kind of coin with staking and master nodes available. It was a let down that there were no free coins to be had. If I had been right about my presumed Doge fork, I would be sitting on keys worth $40,000 right now.

I am not invested yet because the tiny exchanges that carry this gem, are very low volume and it will take me weeks to get any kind of stake at all. The coin is interesting, in that, it has been tracking nearly double the value of Doge until the Doge bull recently.

There are only two exchanges - https://stakecube.net/ that I am testing to make sure I can withdraw without ID or 2FA, and the unusable one called Stex, which has KYC in place to ensure your future persecution, so that one should be avoided.

Please don't bother to tell me about why know your customer is necessary. I know their side of the story. I never wrote down all the bitcoins I gave away promoting it when it was only a dollar - yet they want a share of it. No, I don't remember all the addresses I had, my wallets all made a new addy for each transaction. Avoid KYC in order to avoid this kind of nightmare.

Monero

I was told in the comments of a previous post that XMR would either be a bad investment (I am in at $33), or an awesome grab because it has real use cases. It is leaning toward "really awesome" right now.

Since all of mine is in cold storage, I will not be dumping it anytime soon. I am sad to see that the site xmr.to has closed its doors. I was actually using my Monero to replace everything I do/did with bitcoin.

Hive

Lucky comment talk. Someone mentioned that "Hive heard me talking about it" and went up to 0.22

I responded that it would go to 0.44 in response to "hearing" my further comments. It did for a day. Glad it is holding at around 0.30 which is a Three X for me.

That said, the static income for just liking posts here on Hive/Leo is exceptional!

Leo is also up by 33% since I bought my stake. Now would be a good time to grab some more of that!


That's it for now.

I enjoy writing about my moves and my thoughts on crypto. Use this as financial advice if you like. There is nobody to sue if you mess up. My real self is not on the internet in any way shape or form.

Not your keys? Not your crypto!

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I am a fan of Monero. I think it could be a coin I will pick up in the coming weeks

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I'm very bullish on $AVA and I'm planning on investing some In ARK. Great write up mate.

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Those are some good picks. I've been real happy with my LEO purchase from December, already trippled in value. Now my investment into my dCity... that has been taking it on the chin.

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HIVE is a laggard to many coins out there right now. In my view it still represents one of the better rotation plays currently due to it's relative underperformance.

Hay que comprar mas monedas que esten en zona de acumulacion para cuando estallen poder sacarle mucho provecho, claro esta hay que investigar la moneda a elegir para asi no caer en un proyecto sin futuro...

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Buy Low sell high is not the new concept but in this article you represented in a new way.

Yes, we had seen price growth in hive and Leo Tokens.

As well As DODGE the favorite coin of Elon Musk and currently every every trader because of its high growth

I hope You guys are Hodling BNB

If Yes Then atleast book your Profit.

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I never got into Binance. I am skeptical and it takes a long time and some testing for me to jump into a platform. When Binance first came out, trading friends were jumping on board, but I waited. Some of my friends lost a lot in Nano. I don't remember all of the circumstances around it, but that completely turned me off to Binance, and I never registered.
There are huge gains in BNB, like those I experienced in XRP from 2013 - simply by keeping my private keys, #10 turned into $40,000 and I just recently dumped the last of that centralized currency (@ 0.70). Coins used for fees on platforms are usually a great investment.

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Holding You're fund on an Exchange is good only when you're making profit there. if not then put it into Gold, Land Or something Which will become your Asset not Liability .

“If you want to learn to swim jump into the water. On dry land no frame of mind is ever going to help you.”

― Bruce Lee

If You want To Trade Then start with 1 or 5% Of Saving and Increase only when You Have Lot of Money To Looose.

Nice blogpost. Good to hear about how you increased your holdings. :)

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To trade we will always buy coins at a lower price and sell at a higher price. If we buy coins at a higher price then the chances of loss are higher

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Nice bags you have here, urgghh, can someone ever have enough holdings? I don't even own any fiat anymore, the moment I lay my hands on one, there's a hot crypto waiting to be picked up. One mistake I made during the last bull run was buying the top of Steem, I hope not to fall for such mistakes again.

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Buying the top is no fun. I recently had many come looking for Doge. I could have told them not to buy the "news" - it rarely pans out well. I used to express my opinion but they come with cash, drooling to get-in, so I sell to them. Thanks for stopping in.

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Loool same here. People hear about the latest shinning thing and want to jump in while ignoring the one with better fundamentals staring at them. During the couple of weeks ago when dogecoin pulled a 1000% increase, it took a lot of effort from me to convince my friends that doge coin was simply for pump and dump.

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La verdad que hive esta como quedado en el tiempo, pero todo tiene un tiempo en resurgir, saludos.

Dogecash can be our opportunities

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Very impressive thoughs, buy the dips and winning when moon 🔥🚀

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