🚨🚨March24 Giveaway 🚨🚨
Mega Giveaway sponsored by @padhai_upsc😍
Giving away 25 copies of 'Why Bharat Matters'🤯
How to participate to win?
1. Like & RT this tweet
2. Follow @padhai_upsc & @CSEWhy
25 winners to be announced on March 30🥰
Not all projects can make you a millionaire
Those can do:
These projects will 5x to 10x:
1: $SOL
2: $ARB
3: $NEAR
4: $LINK
5: $MATIC
At least 10x to 20x:
1: $INJ
2: $WOO
3: $FET
4: $FLOKI
5: $ZIG
6: $FTM
At least 50x to 100x (It can make you a millionaire)
1: $MOG
2: $TATSU
3: $LAI
4: $BORK
5: $SAVM
Save this tweet!!!
Check out the Padhai app, and participate in their major UPSC book giveaway.
All you have to do
You can now access their multiple features - daily news, duels, practice 15000+ questions, book chat, chat with AI, and relevant PYQ search! (App download link in their bio)
IMPORTANT PROFIT TAKING / EXIT STRATEGY FOR CRYPTO 2024 CYCLE
I have always been transparent in sharing every bit of knowledge I have. But also humble enough to admit that this is not an expert opinion. This is my learning. This is my understanding & my strategy & my expectation. Please read this with that understanding & please DYOR. THIS IS NOT FINANCIAL ADVICE.
If you had been following me for the past 2 years during the bear market & had taken positions in the top10 tokens I had been sharing regularly & patiently holding for the past 2 years amidst all the ups & downs, then you have probably made a minimum of 5x on many tokens including tokens like $INJ doing a 40x. There have also been tokens that have not done well along the way & are down as well like $BAG for example.
Here was my 1000$ portfolio for newbies shared 2 weeks back - https://t.co/IHckq0B6ul
Here was my top10 portfolio (2024 top tokens tab) from 2 months back - https://t.co/u9h8zLOXBY
Overall 90% of the tokens have done exceedingly well including ($RNDR, $INJ, $DIONE, $KAS, $WINR, $FLR, $AKT, $PROPHET, etc) as long as you have bought them with good timing & had done a DCA. So you have done the hard part & leading up to the bitcoin halving in 2024, there is an overwhelming expectation that the bull run is going to start or has already started.
So you think the hard part is over & the bull market is the easy part.
WRONG. NOW COMES THE HARDEST PART EVER WHICH IS MANAGING BULL CYCLE.
You Need an Exit Strategy & Exit Plan now.
Once again watch my EP19 in both Tamil & English. The first point that I have talked about regarding "Psychology" is the most underestimated component of a crypto investor.
Tamil -https://t.co/0iy8ElgoQZ
English - https://t.co/2f2Vs4xyCL
Remember this point - NOBODY, I REPEAT NOBODY KNOWS WHAT THE TOP IS.
Everyone will keep saying especially the so called EXPERTS, that the green top point is yet to come. Everyone will keep saying it's one of the pre-dips before the peak.
I am NO EXCEPTION to this.
If you had been following me you should have read this long thread I made using $CRO as an example here - https://t.co/xmcZm2EVPW
I realized decent profits overall & learnt a lot in the 2020-2021 cycle. But when $CRO was at 0.92$ - had I done a full exit that was life changing money 😱. But by the time my CRO staking got unlocked the cycle was over.
That's how quickly the cycle can end.
If it was not clear to you before, then let me say it again for a lot of people in the 2020-2021 bull market cycle was LIFE CHANGING MONEY.
In 2022, when I had come to India, I had announced for beach meetups in Chennai & I met up with varying groups of people in places like Besant Nagar beach etc to understand their direct & candid feedback about my videos & knowledge of folks in India about crypto & their experience.
I met with people who had exited with several lakhs & had taken it out fully & paid income tax in full. I also met with people who had invested in few thousands and had seen their portfolio grow to 50-60 Lakhs almost 20 years of their salaries - but did not even take out 5%.
In the Bear Market that followed many of those tokens had gone to 0.
Ok so it is a 3 year cycle - So those tokens they held should again make a come back right?
NOT EXACTLY. It's like the Nokia phone for example. Nokia was the king of mobile phones in the 2000s for a decade. But lack of progress, innovation, effort , conviction has meant no one buys a Nokia anymore.
Same way there will be countless Dinosaur tokens that will not perform in this cycle. Although I cannot say it with certainty tokens like ZAP, MMF will be lucky to see any success.
For succeeding in the Bull Market, a team should have worked hard and BUIDL in the Bear Market tirelessly. This is where the projects like INJ & all those testnet projects are doing exceedingly well.
Ok let's cut to the chase - What's my exit strategy. I will break it into few points
Strategy #1 - Start moving to LSD. Liquid Staking Derivatives.
Conventional Staking locks you in for 21-28 days like I explained about $CRO.
There are a number of benefits as staking gives you the safest & easiest returns in APR% from 14% to 28% on PoS chains like $CRO, $TIA, $AKT, $INJ, $DYM, $ATOM, $OSMO etc.
Also many stakers get fantastic airdrops like the $PYTH, $DYM airdrops etc.
But in the next few months this locking will be your Villain.
Moving into a Liquid Staking Derivative keeps you getting the APR rewards but also helps you stay liquid that you can sell when you need to immediately in a dex.
In EP62 I explained more about LSD here - https://t.co/0bSMwyw0Po
For $CRO - I use @VenoFinance
For $INJ - I use @hydro_fi & @Dojo_Swap
For $ATOM,$OSMO, $TIA - I use @stride_zone@stride_zone are bringing LSD for $DYM as well. I hope they can bring LSD for $AKT as well of @akashnet
100% of my $CRO is in LSD now.
50% of my $INJ is in LSD & I am planning to move the rest to LSD in 2-3 months.
For the rest I will decide to move more and more to LSD in the next 2-3 months.
This means I will and could lose out on airdrops.
Strategy #2 - Start keeping staggered pre-determined price targets for your portfolio in 10% increments.
For example let's say you have 100 INJ now worth 4300$ because INJ is worth 43$ today.
Split into 10% buckets.
Target 1 - 80$ - Sell 10 INJ (10%)
Target 2 - 90$ - Sell 10 INJ (10%)
.
.
Target 10 - 120$ - Sell 10 INJ (10%)
Set realistic , attainable price targets. If someone says INJ can go up to 1000$ ask yourself if that looks possible based on everything I taught in my EP01 about Market Capital, FDV Fully Diluted Value etc using the simple examples
Sure INJ can go higher and exceed 200$. But it could then fall to 20$ . The regret of missing out on 200$ & not selling is BIGGER THAN the regret of not having sold any tokens.
Strategy #3 - A small variation of strategy 2. Keep those targets for a portion of your holdings & plan to retain the rest free for craziness.
What does that mean>?
For example if I have 100 INJ tokens, I will keep 25 tokens separately as a "CRAZY BUCKET"
And so my targets will now be on the 75 tokens
Split into 10% buckets.
Target 1 - 80$ - Sell 7.5 INJ (10%)
Target 2 - 90$ - Sell 7.5 INJ (10%)
.
.
Target 10 - 120$ - Sell 7.5 INJ (10%)
Now you still have 25 INJ tokens in case it runs past 200-300$ & you keep it for an impulse sell or decide to hold it for next cycle in case you miss the top.
Strategy #4 - Harvested passive income rewards get converted ONLY into Stable coins like $USDT & you will NOT keep them in any other tokens.
This is important. During it's epic days @MMFcrypto gave me unbelievable daily yield from my farms & pools. Had I converted all the yield into $USDT during those 40-50 days that would have actually covered the value of selling my holdings. I chose to put some of that back into MMF & some of the Cronos platform tokens which all went to zero.
Yields haven't been that crazy yet in this cycle so far. But when it gets crazy, this time I am planning to NOT reinvest it into any other token going forward & keep putting it aside in the $USDT or $USDC part.
Strategy #5 - Pick your Stable Coins.
This is IMPORTANT. If you have not watched it watch the LUNA Story on my channel
Tamil - https://t.co/nxGAt4EmTj
English - https://t.co/rvAyV8iSay
Many people had done well & got their profits into stable coin, but they chose UST - algorithmic Stable coin from LUNA which went to 0.
Stick to collateral based stable coins like $USDT, $USDC
Strategy #6 - Spread your funds & crypto into multiple wallets & keep them in your own non-custodial wallets off exchanges.
Again a very important episode to watch is the FTX Story on my channel. So many people lost their funds because they kept their funds on a Centralized Exchange like FTX.
DO NOT TRUST CENTRALIZED EXCHANGES AT THIS POINT INCLUDING THE BIG EXCHANGES LIKE COINBASE ETC.
Coinbase is Notorious for "performance" issues during peak bull run & you will not be able to access funds at the good price point.
Also with all the precautions in the world, one day you will click the wrong link and could get drained. So expect that and keep multiple wallets.
At this point, I have my funds on 10 different blockchains across a dozen plus wallets. Even if 2-3 wallets get affected the rest of the wallets are totally unconnected to the others. This is serious. If you spend 30 mins every day you can manage 5 wallets easily.
------
Ok finally price targets. I have shared some price targets in those excels I had shared before. I will keep sharing revised target of what I think may happen.
But when peak bull run hits all price targets are irrelevant & NO BODY CAN PREDICT them.
BULL MARKET CYCLE IS CRAZY ON ANOTHER LEVEL
Here is a PRIME EXAMPLE of $WIF - @dogwifcoin
$WIF launched on 20-Nov-2023 on @solana at a price of 0.0001$ almost
Till 8-Dec-23 there was not much talk. Then it became crazy.
In 2 days it went from 0.0001$ to 0.001$ (10x)
Few days later it reached 0.01$ (100x)
By the end of Dec-23 it had reached 0.20$ (2000x)
Today the price of 1 $WIF is 1.2$ (12,000x)
1$ invested in December 2023 - could have now been 12,000$
Here is the chart - https://t.co/6SObL5jIRY
This was EXCEPTIONAL. This was beyond crazy. This was life changing. But less than 10% of the early buyers would have held on to their $WIF till now. But this will happen more and more in bull run.
Every time it did a 10x I thought - NO WAY it is going any higher than this. I was wrong a DOZEN times at least on this.
Also a big warning for every $WIF token, Solana saw a thousand tokens go to 0 every single day.
------
So let me end here by answering few relevant questions. I am not looking to take profits in $DOJO, $SUSHI, $BABYDOJO for now. I am going to wait till at least the $BLACK token launch or the $veDOJO for now - or else will update my position if anything changes based on a change to the project.
Again this was a Marathon thread. So appreciate if you can leave your feedback as that really helps when building such content. And I hope you found it useful and has answered your questions.
Giveaway No: 2 - Indha FREE MINT la 10 NFT ah community kaga pesi vangi vechi iruken. Indha NFT la airdrops um vara chance iruku. So worth giving a try! Giveaway la participate pana follow the steps:
1⃣ Follow @CryptoTamil and @VijayPravinM
2⃣ ♥️ & RT this post with 3 friends tagged!
3⃣ Comment why you need this NFT and whether you got BCUT coinlist allocation.