Up Coffee ensures quality and freshness which is why we have limited batches, instead of having massive amounts of coffee sit on shelves and wait to be sold we
Thats great but you fail to realize that these projects will have a miniscule userbase due to competitors already doing this through smart contracts on a far superior platform and have alresdy got the first mover advantage.
Why would anyone choose to use a project on the XRPL when the userbase and intrest on other chains are magnitudes higher?
Or even the mere fact that liquidity on other chains are far superior.
XRPL lost the battle in 2015, it was dead already then if you knew how to analyze the market participants.
Here’s a simple analogy that you might understand:
You’re looking at buying a new car..
Down the street there’s a huge dealership with hundreds of cars on the lot that have a great reputation and are in own to be quick, painless and with great costumer service and service agreements.
Down the block theres a small rusty old shop with a dozen cars on the lot thats owned and run by an old dude with a mechanic’s overall and a beer belly.
Which shop do you go to?
I think that’ll explain my point pretty well.
@CryptoTalksPod@xrpmasterplan@vintage831@CryptoWendyO Unfortunately most of the people on the XRPL bandwagon are the beer bellied overall waring types in this scenario You are talking to people who only want xrp to succeed cause its cheap and they think it will make them rich. Which is why they wish for unrealistic prices
Two of the most destructive things about being invested in the #crypto market is:
#FOMO & #GREED
These two simple and common feelings will more often than not get you REKT in this space, I think any experienced Crypto investor will agree on this.
A big mistake many newer and even many experienced analysts do is that they set specific price targets.
— ”Bitcoin will reach 221k this cycle therefore I will sell at 221k”
This is a very dangerous approach.
Instead, try to learn to identify a ”peak market RANGE” and sell off chunks as it plays out.
— ”Once #bitcoin reaches the peak market range, I will start layering out of my position with X% each time there’s a new peak.”
This is safer and almost a guarantee that you’ll secure more profits than trying to find X price & missing the ball entirely.
This is where the avarage investor is still bullish and hopefull while the ”Composite man” ( smart money ) is already leaving the market and the avarage investor holds the downtrend and doesn’t realize their mistake until the bear market is already 50% completed.
-
There are several ways to know when the market enters a peak range for a cycle but this means you need to put in some serious work to learn how to identify these periods in time.
Learn how to read #onchain models like the pi-cycle top & MVRV-Z score for example.
Learn how to apply #macroeconomics on top of your overall analysis of the market.
Do not underestimate #MarketPsychology and something as simple as the fear and greed index in conjuction with your overall analysis can give you very clear signs of peak market behaviour.
#TechnicalAnalysis is only there to give you a way to find the optimal time within a range to get in or out of positions, do not rely on only #TA to show you when it’s time and if you do watch your TA make sure you do it on a very high timeframe like the weekly to find that peak range, everything else is noise when we’re talking about cyclical range trading aka cyclical investments.
For obvious reasons I can’t go into explaining this entire thesis here on X, but I can leave you with this:
If you’re attempting to be a successful cyclical investor in the crypto markets, you must NOT give into Greed and FOMO.
You need to take proper analysis seriously and apply yourself to learn the 5 main forms of analysis.
Fundamental Analysis, OnChain Analysis, Market Psychology, Macroeconomic Analysis & Technical Analysis — prefferably in that order in our humble opinion, and this is why we focus on teaching this in Crypto Talks.
If you’re an experienced crypto investor, share your own experiences in this space in the comments so that newer investors can learn and see for themselves.
And share if you found this helpful, I’m sure others would find value in it as well.
Goodluck, see you in Discord. 🍻
@CryptoTalksPod I agree, proper analysis is key to knowing various market actions you can take at any given moment. From scalping to long term holding it all depends on how much analysis YOU do. Don't base major trades or investments on the word of someone else, no matter how good they may be.
@CryptoTalksPod@X seeing how we are in price discovery mode its hard to tell what will happen, some simple analysis and market knowledge tells me that it has to correct to some degree before going higher, if not the chance of a harder and more catastrophic dump is more likely.
@CryptoTalksPod Just opened up there Patreon, if you want to learn more feel free to join the Discord and ask all the questions you want or just talk to them here.
#cryptocurrency https://t.co/r9M14hoeFF
@OzForNY@nft_dreww This is why I avoid joining discords at all costs. It's not worth the risk. I've watched it happen to so many servers.
Thankfully, I know I've got @CoffeeForAll3 @MochiSenseiii and @CryptoTalksPod always watching my back
@TokiBusa@OzForNY@nft_dreww @MochiSenseiii @CryptoTalksPod Yeah, there are a lot of vectors on how to get compromised. You just have to be proactive, don't join sketchy servers. Then don't click any links from unknown people. Also don't add bots\apps that have more control then needed. Limit admins and have alts to hold your ownership.
@CryptoTalksPod As someone in the US I've been watching and waiting for them to open up to us but if the rewards are going to be severally limited or nerfed before we even get into the markets then what incentive do we have to get in now.
Lets look at the issue at hand:
@plutus has noted that a lot of $PLU tokens are being rewarded to users with high spending. The result of this is that high tier stakers are receiving a lot of tokens that they can sell on the market to extract their rewards. ( PT1 )
We’re doing our first project review today at 8pm CET!
We’re digging into $BLUR #BLUR
We’re going to score blur as a project towards the end. Please Join us in discussion!
https://t.co/raNEAbmIo4
#ETH#crypto#investing#trading