Category Archives: Crypto

How to Not Trade Crypto Like Jym

There are 3 ways to decide how you want to invest. Profitability and difficulty as well as risk is different for each one but worry not I shall guide you.

If your portfolio size is <0,5 BTC, you should invest solely on etherdelta, cryptopia and other tiny exchanges. Research coins that either JUST got added or got added recently, or were fomo’d and abandoned. What matters there is SHILL POWER. Look for coins that fill all these requirements:

  1. Small marketcap (below mil is the best, below ~3 is okaysih)
  2. Low total supply, majority must be in circulating supply (85%)
  3. Have a solid team or idea or advisors
  4. Have burn/exchanges announcements or rumors going around

Anything extra shillable is great. Once you buy, talk about the coin on telegram groups and shill it like your life depends on it. Post often with cashtags and talk about the burn/whatever there is to attract investors and potential marketcap. Don’t bullshit though or you’ll hurt both your reputation and the coin.

What’s the most important here is TAKING PROFITS before the price goes to shit.

Don’t expect a 500%, take the 250%.

I advise you to all in if your portfolio is below $1000, your portfolio is tiny, you need to grow, I started the same way.

If your stack starts getting too large to sell/enter trades there with, consider climbing up the second step. If  <20 BTC, you should diversify between multiple solid projects on Binance and by the time you go there you should have already learnt to do proper research. What you need to understand now is market demands (this is why we have a group) or you’ll get stuck holding forever with your portfolio growing at a slower rate than btc. Don’t hold your whole stacks, when you see a coin went 10-20% up and down multiple times, set sells and buys at these prices. Go with the market, not against it.

I strongly advise you divide your stack between 2 holds that you swing and 3 trading stacks at max that you use to go into pumps/breakouts.

If you entered a quick trade and it didn’t work out, don’t be a retard, CUT YOUR LOSSES, don’t trade emotionally. Don’t panic. Always have a strategy before you jump into a trade, always keep some spare BTC.

Always keep a few ethers to invest in possible 100xers on etherdelta/cryptopia for longs. 5% of your stack at most.

Keep in mind you don’t need to be an expert on TA, use trendlines, support, resistance, volume and bullish/bearish indicators.

 

I present you the most valuable material of what i stumbled upon which i’ve chosen to study trading/investing, mandatory watch, you need to see how successful people operate, act and think

An Aside…

Jim Rohn – dude’s gone from 0 to 100 by changing his perspective of life and surrounding himself with the right people, good watch

Anton Kreil this guy is massive. Nuts daytrader + teacher, my personal favourite, in some of these videos you will see him teaching complete newbs, you should focus on what mistakes they make and avoid it.

Anton Kreil v2

Anton Kreil v3

Anton Kreil v4 watch the whole series- 3 1hour videos of lex vandam and anton kreil turning noobs to pros, spoiler noobs end up outperforming their own hedge fund

Warren Buffet tons of gain and nothing to lose by hearing the thoughts of one of the greatest investors of our time, he did what we do now in crypto, find undervalued assets (hodlers relate but dont ill talk about it later)

Robert Kiyosaki more of an offtopic but dude’s gained wealth by being beneficial to others and taking smart loans, i reccomend you read all his books too, if you have children teach them what he teaches or give him his books, financial knowledge is absolutely MANDATORY for everybody who doesnt want to stay dirt poor trading or not

Why Zilliqa

Here I’d like to share with you my own thoughts to quickly differentiate Zilliqa from other blockchains as the first line of filters before you raise the comparison questions in our slack channel.

*Scalability does not only mean high throughput but also indicates the large scale of the network.* To compare a blockchain to Zilliqa, you can go through a few questions listed as following.

*1) Is it a permissioned or permissionless blockchain?* As we know, lots of blockchains or new consensus algorithms claim they can process over 100, 000 transactions per second (tps), but they are running in a permissioned setting. This implicates that only registered or privileged nodes are allowed to join their systems, and it does not support open membership. In the real world, lots of banks and big companies are working on this direction to meet their internal requirements, e.g., hyperledger. In contrast, Zilliqa is a public blockchain providing open membership to accept new nodes.

*2) How many nodes do they support?* Another important metric for scalability is the scale of their network. In the permissioned setting, high throughput is relatively easy to achieve, as it only requires a few nodes say a hundred nodes to reach consensus. However, it typically does not scale to a large network, as the underlying consensus protocol does not run effectively when the network size becomes large. The root cause is that different variants of BFT protocols can incur at least O(N^2) communication complexity. For example, assume a message size is 100 bytes, if the network size is 100, at least 1MB (100* 100^2 = 1,000,000 bytes) are transferred, but if network size is 10000, 10,000,000,000 bytes (10 GB) are transmitted to every node, which is unrealistic in the public setting. In contrast, Zilliqa is designed to be scalable. In Zilliqa, we first apply sharding to divide the whole network into relatively small shards say 600 nodes. Then we further employ Schnorr signature and multi-signing schemes to reduce communication complexity from O(N^2) to O(N), which significantly improve the performance of our consensus protocol. Therefore, Zilliqa can survive and scale in the public setting with thousands of nodes in the network.

*3) Does it use PoW or PoS?* PoW is energy-inefficient, but the Nakamoto consensus protocol derived from it can effectively resolve the consensus issue, i.e., choosing the longest chain as the confirmed one with agreement. PoS is energy-efficient and helps the network to elect a consortium of representative nodes. Then these representatives can run consensus protocol like variants of BFT to agree on the same set of valid transactions. Typically the consortium size is small, e.g., 21 in EOS and 100 in Ethereum Casper. We at Zilliqa believe that PoS is still a nascent idea. On the contrary, PoW is a very well understood mechanism which has survived the test of time. Having said that, the use of PoW in Zilliqa is very different from the way it is used in say Bitcoin. This ensures that PoW does not become a bottleneck for scalability in Zilliqa. For the detailed explanation, please refer to Q11 in our FAQ.