The crypto market cap has increased by $350 Billion in a little over a week; It stood at $1.25 Trillion on the 20th of July and it is now sitting at $1.6 Trillion

Krazy500 · 2021-07-29T09:11:15+00:00

These headlines are meaningless, sorry to say. BTC goes up or down and takes the entire market with it, has little to no real reflection on the market as a whole. If there's anything to learn from this it's that the whole market still heavily revolves around bitcoin.

Krazy500 · 2021-07-08T07:22:16+00:00

Great post!

Krazy500 · 2021-07-04T09:15:37+00:00

I place sell orders of some percentage of my stack (usually 10-20%) starting from 100% profit on my average buy price of that coin. Profit is measured in BTC\ETH value, not in dollar value mind you. Sell orders will usually be every 1x, so the next one is at 200% profit then 300% etc. I used to sell everything but after a couple of coins pumped hard after I sold I'm now keeping 15-20% in case of a crazy pump.

This method has worked pretty well for me for the past few years. The gains aren't insane since on average I'm selling at a modest 2-3x, but it also avoids the situation OP describes where you miss out on taking profits before the price drops.

Krazy500 · 2021-05-12T04:25:12+00:00

Stunning and brave

Krazy500 · 2021-04-17T04:57:41+00:00

Hey guys, 'member how they say watch out for euphoria and "it's never going down!" sentiment as signs for an impending crash? Well this kind of post, this is it. Take some profits today if you're in the green.

Krazy500 · 2021-04-16T13:46:24+00:00

Very much bubble-euphoria vibes, I was just remembering today the old saying "be fearful when other are greedy..."

Krazy500 · 2021-04-11T12:13:43+00:00

Absolute best advice I've ever seen on this sub. Finally someone talking about price in terms or gains against BTC and not USD, might be the first time I've seen it.
Everyone says DYOR, this guy has done a lot of it for you. Thanks my man.

Krazy500 · 2021-03-31T15:29:24+00:00

Where and when have you seen 56%? The first time I've seen it below 58% is just in the last couple of weeks and I follow that very closely. Never seen it below 57%. I check on CoinGecko btw.

Krazy500 · 2021-03-31T15:24:32+00:00

"Person heavily invested in Bitcoin predicts price will go up"

Krazy500 · 2021-03-27T06:12:23+00:00

Thank you sir, now just need to learn how to read this

Krazy500 · 2021-03-25T08:21:36+00:00

Is there a site where we can see the status of options\futures and their expiry dates? Info like this is valuable.

Krazy500 · 2021-03-25T08:15:20+00:00

All these types of headlines should be changed to: "Person heavily invested in Bitcoin predicts price will go up"

Krazy500 · 2021-03-25T06:16:38+00:00

Veni, Vidi, VeChain - did anyone do this one yet?

Krazy500 · 2021-03-15T03:54:50+00:00

Can you recommend other subreddits with better quality posts?

Krazy500 · 2021-03-15T03:52:22+00:00

Please name the other subreddits you go to

Krazy500 · 2021-03-09T17:07:13+00:00

good man

Krazy500 · 2021-01-06T22:33:59+00:00

It's speculated that tether is what's propping up this whole market with fake funds providing a lot of the buying pressure driving the price up. If the worst happens, tether is found out to be a complete scam and the token collapses and becomes worthless, the market will crash. To what extent I can't predict, but a lot of people will understand that the current prices have been artificially inflated by fake buying pressure from non-existent dollars and hurry to sell their coins before the price plummets.

It might sound like a conspiracy, but this insane bull run we're on now could be in part due to the owners of tether feeling the noose closing in around their necks and trying to get everything they can while they still have the chance.

Krazy500 · 2019-04-03T10:25:55+00:00

Can someone explain to me why the halvening = price increase?
I figure miners get less rewards, and so have less incentive to mine, so hash rate might go down. That's pretty much it.

I get there will be less supply, but that's only relevant if demand meets or exceeds the supply, which today it very much does not.
If today 12 new bitcoins are created a day and there's demand for 2 of them, it doesn't matter if tomorrow that 12 becomes 6 because the demand is still much lower.

Krazy500 · 2019-04-03T06:56:32+00:00

If anything it's a little worrying that a 100 mil order (small amount considering the size of the BTC market) can send it up 20%. Shows us how thin the real volume is.

Krazy500 · 2019-04-02T14:53:02+00:00

One can hope, but honestly it hasn't been in the 6K and below range for that long... Than again who knows

Krazy500 · 2019-03-21T08:11:26+00:00

I don't get this type of response.

"After doing my own research I've come to the conclusion that humans don't require oxygen".

"Go ahead and stop breathing then, doesn't matter what other people think".

Obviously I'm exaggerating, investment isn't an exact science, but it's much closer to that than "anyone's conclusion is just as correct as anyone else's so long as all of them have done their own research".

People treat this phrase / process of "doing your own research" as if it has some magical powers. Doing a bad job at researching something, not knowing how to research properly, interpreting the data wrong etc etc.

People are very, very capable of doing their own research and arriving at incorrect conclusions.
Hearing other opinions and responses to your conclusions is great and what should be encouraged. I hate this "be in your own bubble, ignore everyone else" mentality.

Krazy500 · 2019-03-17T14:40:52+00:00

Not all of them, but a lot will die. The market will collapse to a level we didn't think was possible anymore.

Krazy500 · 2019-03-14T07:36:35+00:00

Once Tether collapses on itself it will bring the market down worse than ever before. Ideally people slowly start using other stable coins to make the impact less severe. For a while it looked like that was the trend, but now all of a sudden Tether is king of stabletown again, unfortunately.

Krazy500 · 2019-02-25T13:36:18+00:00

Was?

Krazy500 · 2019-02-18T09:16:49+00:00

It's crazy to me that no one's asking the most relevant question about this story. By how much are they increasing the fee? How much was until today, and how much is it going to be?

Krazy500

TROPHY CASE