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AAAgent's Crypto Journey

AAAgent

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big acquisition in the crypto space tomorrow. I expect it to really decimate the price of one of the alts. We'll see.
 

jaygreenb

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big acquisition in the crypto space tomorrow. I expect it to really decimate the price of one of the alts. We'll see.
Would be interested to hear the details if and when you are able to share.
 

AAAgent

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Would be interested to hear the details if and when you are able to share.
I'll share once it's announced officially but its been leaked and I confirmed it's closed. It should be announced today, if not, it's probably delayed because of this recent dip. Either way, i'll post it here once it's announced.

On a market note, this market has been very weird. Supports don't seem to be tested and there's been multiple cases of shakeouts and fakeouts. Most of the traders are getting it wrong including some people within my social circle. The people who are doing well are the hodlers but my large hodler friends that aren't aggressively trying to make money are very wealthy. While people like me are still considered dolphins.

Futures contract market is astronomically over leveraged. Volume on Binance futures is 3x spot trading for BTC with $450m daily spot trading volume in BTC compared to $1.5bn daily futures trading volume. Funding rates have been skyrocketing as well which is showing too many longs gambling in futures. 0.30% per 8 hour interval was the highest i saw funding rate and this was just yesterday.
 

stringpuller

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I'll share once it's announced officially but its been leaked and I confirmed it's closed. It should be announced today, if not, it's probably delayed because of this recent dip. Either way, i'll post it here once it's announced.

On a market note, this market has been very weird. Supports don't seem to be tested and there's been multiple cases of shakeouts and fakeouts. Most of the traders are getting it wrong including some people within my social circle. The people who are doing well are the hodlers but my large hodler friends that aren't aggressively trying to make money are very wealthy. While people like me are still considered dolphins.

Futures contract market is astronomically over leveraged. Volume on Binance futures is 3x spot trading for BTC with $450m daily spot trading volume in BTC compared to $1.5bn daily futures trading volume. Funding rates have been skyrocketing as well which is showing too many longs gambling in futures. 0.30% per 8 hour interval was the highest i saw funding rate and this was just yesterday.
Cryotos are chasing a different version of the same carrot.
 

AAAgent

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AAAgent

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jaygreenb

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I'll share once it's announced officially but its been leaked and I confirmed it's closed. It should be announced today, if not, it's probably delayed because of this recent dip. Either way, i'll post it here once it's announced.

On a market note, this market has been very weird. Supports don't seem to be tested and there's been multiple cases of shakeouts and fakeouts. Most of the traders are getting it wrong including some people within my social circle. The people who are doing well are the hodlers but my large hodler friends that aren't aggressively trying to make money are very wealthy. While people like me are still considered dolphins.

Futures contract market is astronomically over leveraged. Volume on Binance futures is 3x spot trading for BTC with $450m daily spot trading volume in BTC compared to $1.5bn daily futures trading volume. Funding rates have been skyrocketing as well which is showing too many longs gambling in futures. 0.30% per 8 hour interval was the highest i saw funding rate and this was just yesterday.
Best to just hold in this market and not overthink and try and get cute, So far it's been very similar to 2015/16. If it continues to play out that way, I am expecting a run up to 16-18k March/April then a dump before the halving. I have a small percentage I'll sell off on 50-60% run ups and buy back on 30%+ corrections but other than that I am holding until certain levels then will take profits.
 

Roober

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Does it work the same way with capital gains? Do you guys have people you follow that provide good sources of information?

I apologize if this question has already been asked
 

AAAgent

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Steemit acquired by TRON.

Steem surprisingly up 30% in the last few days which doesn't make much sense as their largest DApp Steemit (flagship DApp) was sold to TRON. This blockchain (STEEM) will probably die off real quickly. All the founders are gone, DLive left (built themselves to be the worlds largest DApp in 1 year after they left) and just acquired by TRON, and now Steemit is acquired by TRON.

Gotta give Justin Sun props. He might not be a builder but boy does he have a lot of money and is making good acquisitions to make TRON look really nice. TRON actually has more users than Ethereum. These are real users.

Steemit has people posting daily. I'm not a fan of their broken economic system but still it has users.

DLive has PewDiePie and the most users of any DApp in blockchain. 5m monthly active users! Go to the site any time of the day and sort by languages. You'll see hundreds of people watching streams and chatting, sometimes thousands.

BiTTorrent is a great brand name and has been redirecting all of its traffic (100m users) to help grow DLive and probably will be doing the same for TRON's new Steemit.
 
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AAAgent

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Does it work the same way with capital gains? Do you guys have people you follow that provide good sources of information?

I apologize if this question has already been asked
Yes, similar to capital gains. I would recommend learning the basics about blockchain technology and then learning how to move coins on the blockchain before trying to invest/trade. If you want to hold long term, just use Coinbase or Gemini in the USA.
 

Roober

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Yes, similar to capital gains. I would recommend learning the basics about blockchain technology and then learning how to move coins on the blockchain before trying to invest/trade. If you want to hold long term, just use Coinbase or Gemini in the USA.
Is there any resources you would recommend?

For me, it wouldn't be the day to day as much as somewhere just to park my money.
 

AAAgent

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Is there any resources you would recommend?

For me, it wouldn't be the day to day as much as somewhere just to park my money.
I made this boring blockchain/crypto beginner tutorials for my friends and family. You can reference it as it's not selling anything or promoting anything outside of knowledge.


I would supplement this with beginner level reading and basic economics learning. Honestly in a bull market, everything will go up no matter the business/economics behind things. It's more people/emotion driven. As a mentioned above, STEEM has no reason to go up 30% fundamentally as their blockchain is pretty much dead after this announcement.
 
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