SH*T Coin Speculation Thread

Discussion in 'Digital Currencies' started by STKR, Apr 18, 2021.

  1. lurking

    lurking Member

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    My old man could never comprehend that there was no wizard of oz pulling the levers.

    I could never comprehend why so many people need to feel like someone greater is in control.

    Perhaps there was some control in yesteryear but today most people in positions of authority are math/science/engineering illiterate (sadly not an exaggeration) and couldn't organize a bbq in a bushfire. Really wish they would just get out of way and let democracy and capitalism do its self regulating thing.
     
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  2. STKR

    STKR Well-Known Member Silver Stacker

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    So now I'm holding some Spore Finance tokens. Hype hype hype.
     
  3. Gilligan

    Gilligan Active Member

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    $Bscv, $mepad, safestar, $LLT.

    Some have gone for a run already but will get big legs in the market coming...

    If $grumpy can get out of the shadow of the c&d issue it had, it could go mental, probably the biggest doge competitor
     
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  4. STKR

    STKR Well-Known Member Silver Stacker

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    Woke up this morning to a surprise:
    Screenshot_2021-05-05-09-36-20-35.jpg

    Turns out it was a glitch on coinmarketcap :p
     
    Last edited: May 6, 2021
    madaw1, 66rounds and mmm....shiney! like this.
  5. STKR

    STKR Well-Known Member Silver Stacker

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    I like MePad (or Meme Pad), I can see this one doing quite well over time. I bought in yesterday but might buy some more if the price dips. Thanks for the heads up.

    You should check out UniFarm...
     
  6. STKR

    STKR Well-Known Member Silver Stacker

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  7. STKR

    STKR Well-Known Member Silver Stacker

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  8. 66rounds

    66rounds Well-Known Member Silver Stacker

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    What's your total fiat input and your realised profit?
     
  9. STKR

    STKR Well-Known Member Silver Stacker

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    With all due respect...none of anyone's business. I will tell you that I am up 200% overall, but haven't converted any to currency - I've just been re-investing (re-gambling) with any "profits" (increased gambling tokens). So technically, I haven't made anything.

    I will say this though: When I gamble, I don't do it half-arsed.
     
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  10. STKR

    STKR Well-Known Member Silver Stacker

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    This is the strategy I adopt.

    I check on Coingecko for new token listings:
    https://www.coingecko.com/en/coins/recently_added

    I assess the market volumes, current price, growth in the past 24hrs etc. I check out their website, their lite papers or white papers, if available and assess their legitimacy on that.

    I search YouTube to see what the Millennial Shit Coin advocates are saying - personally I don't care much if the token has utility, that's not what moves markets with these hype coins - the money will flow where the money flows....but utility is a bonus. Charity tokens leave speculators with fuzzy feelings and can be an incentive for holders to HODL when they wouldn't otherwise. Elongate is a good example of this - I will keep some ElonGate tokens for the long haul.

    Once I've found a token/coin/project that I believe has the potential, I wait for the early whales to take their profits and buy in on the dip. I'm usually quite patient with this and I'm very careful not to FOMO in.

    I typically only lay down half of my investment first, then re-assess the charts and set more targets for re-investment. If it jumps up in price significantly, I hold off and just run with what I've put in. If it dips and hits my target, I drop in the second half of my investment.

    When/if the price moves above 2x - I pull out my initial investment and leave my profit tokens running. That way I'm not emotionally invested, can switch off from trading mode and continue rolling with the punches.

    With my profit tokens, I then have targets of 5x and 10x where I'll pull out the equivalent of my initial investment and let the rest run - unless there's an obvious opportunity to get out while I can (then I may sell 90%).

    If the price dips down and the trading volumes + rate of Holders aren't decreasing, I will buy in and dollar-cost-average to reduce the amount of price movement I need to break even, or 2x. This has worked well for me so far, but is also extremely risky.
     
  11. Polar.bear.Stacker

    Polar.bear.Stacker Well-Known Member

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    It's a very solid strategy. I don't have the stomach for it, the whole safemoon thing already did my health in. Also, I'm nervous and sweaty the minute its tax time for trading as you have been doing
     
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  12. Jason1

    Jason1 Well-Known Member

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    ahaha so true for shitcoins, right to the point, they mean nothing and yet they can still be ripe for the pump. do it right and you walk away with some fucken idiots stimmy check,

    speaking of Elon and charity shitcoins, he must have got his finance guys to do a big dump of his shit coin while on SNL.
    He must have collected a fair few stimulus checks from that pump and dump
     
    Last edited: May 9, 2021
  13. STKR

    STKR Well-Known Member Silver Stacker

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    It's very unnerving holding these shit coins, the volatility can be extreme and so can your emotional response. It consumes you if you're the analytical kind.

    We're deep into crypto bubble territory, I think. It can't end well.
     
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  14. STKR

    STKR Well-Known Member Silver Stacker

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  15. leo25

    leo25 Well-Known Member Silver Stacker

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    If anyone wants a good laugh, check out safepluto. https://safepluto.io

    read their roadmap for more laughs. Good to see people taking the piss.
     
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  16. Polar.bear.Stacker

    Polar.bear.Stacker Well-Known Member

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    I almost bought this, then found out the price charts on dexguru are better than on coingecko and it had already ran
     
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  17. STKR

    STKR Well-Known Member Silver Stacker

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  18. STKR

    STKR Well-Known Member Silver Stacker

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    And Eject had a nice 10x move recently. Did anyone jump in?
     
  19. Oddjob

    Oddjob Well-Known Member Silver Stacker

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    Thread ambassadors?
    upload_2021-6-8_22-23-53.png
     
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  20. STKR

    STKR Well-Known Member Silver Stacker

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    They need trenchcoats and more gold chains.
     

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