Jimmy Punk

[Jimmy Punk @JimmyPunk_]

@elonmusk Few main reasons:
* New couples can't afford a mortgage;
*Not enough benefits to rely on
* Not enough funding from gov
* Not enough respect for gov to support young people
* Lgtb crap from gov
* FOOD!!!!
* Pharmacy
* On and on and on

[Jimmy Punk @JimmyPunk_]

@MarioNawfal There is no deal with Russia.
There is no good way to deal with Russia. You can let whatever you can offer and they will take it coz you offered but you don't know what they are after.
It's a saying give a pinky to the devil and it will take your hand.
Don't fuck around Russia

[Jimmy Punk @JimmyPunk_]

@bulacha2 @unusual_whales Damn. Shit just got real 😬

[Jimmy Punk @JimmyPunk_]

@unusual_whales Molotov- Ribbentrop pact that's past
Trump- Putin pack nowadays 🫣

[Jimmy Punk @JimmyPunk_]

@CryptoMichNL $BNB looks very attractive

[Jimmy Punk @JimmyPunk_]

@CryptoMichNL #CELO

[DirtFish @DirtFishRally]

Mārtiņš Sesks is back! 💪

The Latvian will drive a non-hybrid Puma Rally1 at next month's Rally Chile

Full story here 👉 https://t.co/piN8aENbNw

[Binance @binance]

Let's play a game.

If 100 #BNB appeared in your wallet today, what would be the first thing you'd buy?

Go!

[Jimmy Punk @JimmyPunk_]

@binance Keep half #bnb and swap other half for #btc 😉

[Michaël van de Poppe @CryptoMichNL]

The Ultimate Strategy to Step into #Altcoins

It's been one of my most difficult tasks in the previous bull cycles.

How do you position yourself into an #Altcoin running upwards?

How do you avoid chasing FOMO and hype?

Let's discuss what I've learned on this topic! 👇

It's the Million Dollar question. Everybody is getting hyped around a market segment but is unaware of how to position themselves.

People are getting excited about an altcoin that has been trending upwards, and perhaps, now, some people have made a bunch of money on those altcoins.

Does that mean you should jump on the bandwagon? Probably not. But it's understandable; your emotions are getting in control, and people tend to follow each other.

If you start discussing this topic, it can be addressed to buying real estate, equity markets, bonds, or any market at all.

Interesting fact:
Between 80-90% of buyers who purchase an asset do that in the last 10% of the price movements.

Most people new to the markets in 2021 purchased their first Bitcoin above $50,000. Is that bad? No. That's normal; I've been going through the exact same phase. Multiple times. You will do that, too.

However, the lesson you get out of this is that you should be trying to avoid this concept the next time. Very simple, if you do so, you can outperform 90% of the markets. That's a big step forward, right?

If you want to know more about my strategy on stepping into #Altcoins, including visual representations of charts, watch my video here:
https://t.co/D9waHt7TvH

Here are a few key things I'd like to share with you:

1⃣ - Once you start to see the hype increase on social media, it means that you're probably still relatively late to the party.

You should realize that if an altcoin is up by 200-400%, most people are up significantly. These are also the ones who will be embracing everything on social media to share how well they have been doing.

Second thing, sentiment overshoots reality. When everything is going through the roof, you'll see that people only expect to see an even higher continuation to be happening, just like people suspected #Bitcoin to go to less to $10K when it was consolidating at $16K.

If something is too good to be true and is getting overhyped, it probably isn't the right moment to get yourself into the markets.

2⃣ - The best financial opportunities are provided on the lowest confident moments.

An example is the price of Bitcoin. After the collapse of FTX, Bitcoin's price was swimming around a value of $15,500 per Bitcoin. During this period, almost no one was interested in getting into a position.

However, approximately one year later, Bitcoin is acting at $48,000 pre-ETF approval. Most people want to get themselves into a position.

If you think about risks and returns. The risk of purchasing at $48,000 are actually higher than at $15,500. Why? Well, the chances are that the ones buying at $15,500 are going to take profits, so there's a more significant case that a correction of 30-50% happens. Higher than when price has already collapsed after the FTX collapse.

Returns are lower too. If you had conviction during periods after the FTX collapse that nothing fundamentally has been wrong on Bitcoin, your return is more than 200% since. If you bought prior to the ETF launch, you're barely up 7%.

It works the same with altcoins. If nobody is discussing the altcoin, yet, the segment is super interesting to look at and the ecosystem is still flourishing, it might be wise. Once you take that early approach, you'll likely see how sentiment and hype will erupt on the way upward.

3⃣ - The risks are just not worth it to chase a rally. It's always better to wait for a correction.

If you're deciding to look for the actual rally and chase it, it means you're one of the laggards to getting into that specific altcoin, and that means that you'll likely be getting sold into.

If you're looking for a random purchase during an upward rally, chances are that the markets are close to a short-term peak and will get a correction of 25-40%. There's also a lower chance of the rally to continue another 40-60%, resulting in a negative expected value move.

However, if you wait for the correction to be happening, most likely:
- People who want to take profits have been doing this and are out of the markets.
- People who want to enter the markets are getting closer to their entry points.

This means buyers are likely to take over and the risk/reward is more positive.

General rule: Step into an #Altcoin once it has been correcting by 25-60% from its recent peak.

If you do that, your risk/reward is getting more positive than when chasing the green candles.

Does that mean you'll lose some return by not taking those trades upwards? Probably. But your risk is lower overall too.

I hope you've been enjoying this update!

[Jimmy Punk @JimmyPunk_]

@CryptoMichNL $Fil would be great

[Jimmy Punk @JimmyPunk_]

@Ashcryptoreal Sideways market is crap. You buy coin and lose 2% on fees and sell it at about 5% up makes you 0 income. Didn't reach the 5% hmm let's wait a bit. It's just a lucky dip for start.
Huge research of coin or chain is a MUST. And still it's not enough to make 100 into 1k in shortterm

[Michaël van de Poppe @CryptoMichNL]

The best time to buy #Altcoins is still now.

We're 6 months before the Bitcoin halving is going to take place and altcoins are slowly breaking out.

It's just barely a start, there's more upside to come and you can still position yourself well. Cycles take place.

Here's why:

The markets and sentiment tend to be correlated with each other. This means that the markets are currently in a state of mind where the expectation is that every rally is going to fail and we'll correct back down.

Even specific assets like Chainlink, which has been consolidating for more than 500 days, is breaking the range high, it's very understandable to suspect that it's a failed breakout.

If you look at the entire move, it's a breakout which is a significant one and is probably going to give a significant amount of more upside.

Remember, previous cycle Ethereum bottomed at $80 and ran to $4,800. That's a 60x. On Ethereum, yes.

This all took place, while starting with a long accumulation period in 2018/2019. That's comparable to the current period.

If you see an altcoin breaking out at this point and provide an upwards return of 50-100% and you might think; hey this is the moment I need to sell, because everybody around me yells that it's going to be the top.

Perhaps, but why not use a relatively mellow strategy on your investments? At this point, if you've been holding your specific altcoins, there's no need to start selling everything at once.

Scale in, scale out. That's the way to go. If you see an altcoin substantially running upwards, time to slowly scale out.

Every 20-50% dip is an opportunity to scale back in, but what do you do if something ran up significantly and it continues running without you being in position?

Exactly.

My preferred exchange for #Altcoin investing is Bitvavo, which is also my Crypto to Fiat gateway and the easiest to use exchange for more than 200 altcoins.
Sign-up here and get 10000 euro free trading and 10€ deposit bonus: https://t.co/lnpMUpcUAA

That's why we start taking profits on every move up, but also keep on adding back in when we're seeing substantial dips.

What to expect from something as Chainlink? Currently it's consolidating at a level above the range. It's a strong breakout and it's not expected that we'll have deep dips, as people are eager to get back into this asset.

What's the gameplan? Well, if it runs up 10%, just sell 5-15% of your position. Does it go up some more, another 10%? Sell another 5-15% of your position.

Corrections will happen, definitely, but at this point in time you'd want to have skin in the game. If Chainlink drops 10%, you can start allocating 10% back in again.

Compound your positions. This is the time to make the money you've been wishing for.

[Jimmy Punk @JimmyPunk_]

@denverbitcoin How about solar to hydrogen?
Set up is quite expensive yet but it's slowly coming in.
In addition waste is pure water. Don't know how much of it but it could possibly run a little thermal electric station

[Jimmy Punk @JimmyPunk_]

@ElonMuskAOC Pirates

[Mario Nawfal @MarioNawfal]

Yesterday started with an attempted coup in Russia
And ended with a coup on Mainstream Media

[Jimmy Punk @JimmyPunk_]

@MarioNawfal I guess Wagner was pissed off by defence ministry money? contract? And to prove the point he went to get Def ministry as other side did not believe Wagner can. As they did Putin had to come in to sort the problem out. So Wagner is getting a new contract with Belarus.

[Jimmy Punk @JimmyPunk_]

@MarioNawfal It's a good sign. It's an inside problem. There shouldn't be a nuke problem. I hope regular people will go out and kill the problem in root.

[Jimmy Punk @JimmyPunk_]

@MMCrypto 1

[Jimmy Punk @JimmyPunk_]

@unusual_whales Paid off house in a country side with a chunk of land and grow your own food and sell/barter rest of food!