My crypto strategy #1
As a community member in the crypto space from 2016, I want to share some secret and simple concepts which are often we ignore. My concepts are not a substitute for TA or price prediction. You know the crypto universe is totally run by the big whales and they create FOMO and fear to speculate the total market capital. As a result the common investors with fresh money loose their money always. That's why I want to share some secret tricks that can help you to behave like the whales. Here, I am going to the very simple one that is very productive but needs some regular activity in the crypto universe to get the highest profit.
As the title my 1st crypto strategy is 'Buy the EVENT news and sell the FOMO'
If you are here from the early stage then the death bitcoin was a common rumor and the price of bitcoin is going to 0 is imminent, this sentiment has make the crypto to crash up to 90% with loosing trillions dollar but no one thinks where this money has gone? Who gain this amount of money???
Let's observe the the situation through the table,
| freshers | whales | battle end result |
|---|---|---|
| buying with fresh money | selling at high price | whales are getting more money |
Now the freshers with little amount of money buying very little portion from the whales at very high price. And the freshers are eagerly waiting for price to climb more higher and higher. Even some small investors sell their life-time earned properties to buy cryptos.
Now the interesting moment comes, what happened when no new money is moving to the market???
Whales can't sell more as price is too high to tackle......
And freshers want to sell and make profit, suddenly some whales started selling large amount at buying orders that placed in exchanges. The freshers just see and become angry with the market behavior! what the f**k is going on?
Wait, game is just started the whales will continue selling until the new freshers are fear of loosing their capital and start selling at loss consequently. But more stronger wants to wait more and the whales continue dumping the price as long as the freshers are convinced with the price of BTC will no longer increase!
Now what will happen to our table???
| freshers | whales | battle end result |
|---|---|---|
| selling at lower price than they already bought | buying at lower price as than they sell already | whales are accumulating more crypto assets than before |
So, the money from the freshers has already gone to the whale's hand. Now, whatever you do is no harm to them! And over circulation with tons of bad news also boosts the dumping speed. That's called the fear after the FOMO.
Okay, This story is now old, now people are more careful and they know this story so you have to make some other strategy!
Now I am going to share one of these strategies today in short, hope you will learn some points here.
Okay, for my trick, I want explain it with the recent top gainers in the crypto universe. you can see in the figure LUNA has get almost 900% gain. What do think no one has made their portfolio multiple time with it?
Definitely, you can also notice I have attached some events from the july on the development of LUNA including some mainnet launch and listing in some major exchanges. Such as when a new coin is listed in Binance, the coin gains multiple times in price instantly.
That is my first trick, follow some good coins and try to know their future event, not the very insignificant one. Try to find the best event related to its future development and partnerships with some giants companies.
In this perspective, I want to suggest some points to apply the strategy to minimize the potential risks as follows:
- Choose the top 100 or 200 coins for the strategy, never go beyond top 500 unless you are convinced with its solid future like SPS token. Never follow the strategy for shit coins.
- Follow their twitter account and try read some comments by some founders of the project, thus you can get some clue before the announcement of the event.
- Always trade according to market sentiment, don't go against the market current situation in overall perspective. Though event based pumps are identical but if the market favors, then gaining will be insane.
- Carefully notice the about the event details, try to figure out the importance of that event. Don't gamble with useless event.
- Last but not the least, Don't put your money in single buying, try to divide into multistage buying for maximizing the profit and minimizing the potential risk.
Finally I want to share the link from where you can find these event details, but remember to follow their twitter handles and social handles.
cryptoeventslink
Posted Using LeoFinance Beta