hi tulah-
how much for a node? i have been running an XZC node and have found it entertaining and profitable. i would like to ground floor a few more nodes. considering XLR but hate buying on that spike.
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hi tulah-
how much for a node? i have been running an XZC node and have found it entertaining and profitable. i would like to ground floor a few more nodes. considering XLR but hate buying on that spike.
i figured it out. looks like 50k ven are needed for the mid level node/staking. tough call but probably a hard pass.
Ill be running node in VET and LINK for sure.
50k vet makes a nice income with amazing growth potential on both VET and THOR.
LINK offering pool style kinda like bitcoin and eth.
50k vet makes a nice income with amazing growth potential on both VET and THOR.
LINK offering pool style kinda like bitcoin and eth.
How much for link node?
I?m just a little weary of having too many nodes and tying things up but they are super protection when alts tumble
First year I?ve been buying alts, what do you mean by alt winter is coming? Everything die down soon?
It is inevitable that BTC will move.
The alts will get beaten down.
You will lose BTC in this process.
There is a reason it is hard to beat BTC. People get greedy. You need to get some of your profits out. On the way up. Keep alts around, especially the ones you want to hold long, but for goodness sake get out some BTC. Set low orders for alts you want to acquire and watch them magically fill for half of what they were previously valued at.
The best part is that your USD will go up with the BTC (because it drives the value of all of these) but you will slowly be getting crushed. Just take a look at alts from July through November.
Getting into crypto in December 2017 is the worst thing that could happen to a lot of people.
Thanks for the post but I'm not following. What do you mean "but for goodness sake get out some BTC"?
I'll give you a real life example and you tell me what you would do.
A week or maybe 2 ago I bought 100,600 LEND for $7146. The value now, as I type, is $23,993. $16,800 profit or 230% gain or close. What exactly would you do with this token?
TIA
The game is not usd. The game is btc. You bought lend with btc. If btc/usd goes down your alt usd value will go down. It drives the market. The best conditions for alt growth are stable to slightly decreasing btc
When btc moves up it will proportionally hurt relative alt values. How much we do not know, but in previous runs it has been severe. If you were holding alts from July to November you were making usd on every one but you were getting straight beaten in relative btc.
All of the alts are shitcoins. They are tools to grow your btc. You have not realized any profits until you have stacked the btc. Making usd is easy mode. Making btc is advanced mode. You have to be careful or you will get your btc extracted.
I believe Woodson covered this a long time ago. Get some gains, extract, leave whatever you want in your original bag and then stack or diversify.
Right now a literal monkey could pick alts and they will flip 3x in days. You need to realize those profits. Most alts will get trampled in a btc run and many will fail altogether. The ones which are quick gainers on recent runs will get hurt the most.
The only thing that matters is how many btc equivalents you have now vs a week ago and are you securing any of that in the event of a move. When btc moves there will be cheap alts all over the place.
I would advise to stop thinking in usd and switch to sats. Entry points are key. I entered lend at 380 sats. I sold 1/5 if my position at 1800 sats. I am long on lend so I wil keep the rest up but if btc moves severely it will get beaten.
With the extracted btc you can stack it or find other shitcoins you want and post orders 30 percent or more off so when btc moves you will catch dips. That?s how you get lots of bags at great prices. Then when alts hit back you will have rockets flying off all over the place.
Imagine if you bought ripple in June. It took u til this recent run to break even in it. And it will end up losing as it slides off again in relative btc value.
FWIW I?m aggressive with alts and have a lot of them with about 40% of my holding straight btc. I know that the alts will get pounded when btc moves and so I only want ones that are real projects that I want to hold long.
Thanks for taking the time. I just read that post of yours 3 times and am gaining an understanding. I'll read it some more until it clicks in this old brain.
Thanks again. :0008
No problem. This took me a while to figure out. Learned the hard way.
Another caveat of course is if u love a coin u can always sell them buy back the dip and increase your original stake!
Great stuff Bombs. Need a real crash course when you're a month in and trying to play catch up!
Really appreciate your knowledge and advice. :0008
Really appreciate your knowledge and advice. :0008
Gotcha. Greed gets the best of me. Nothing wrong with taking out my original stake then letting it ride, or, like you say, buy more on a dip. Or buy something else. Or increasing my btc stack! Love it. :0008
My btc is about 40% of my entire holdings as well.
- Feb 26, 2001
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What do you think about holding ETH instead of BTC? Wouldn't you think ETH is easier to double in value over BTC?
And the way I think about this is the gambling fallacy of the streak. This is great if you know when BTC or ETH will take off. But I just think i'm gonna be sitting there and sell all my alts when I see BTC go from 15K to 17K and I buy in at 17K then it falls back to 15K and I lose value. Now I have zero experience with this so maybe it will be obvious.
All of the alts are valued against btc. If btc goes to toilet your alts do too. Btc is the scarce limited resource that is the golden goose here.
You are milking the alt cow right now. Eventually it runs out. You use alts to build btc.
Just look at alts June to November.
I think it?s good to stack both. But eth is not btc. It could outperform it but long haul don?t know, it?s not designed to be a payment system.
- Feb 26, 2001
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So is it usually obvious when the run of BTC begins? I've seen some pumps the last few days thinking it could take off and then it dies.
No. It is often not obvious. Just take profits as you go, protect your BTC stack, and don't get too deep into bags of pump coins. If you have something decent you can wait for it to pop back up.
