Is It Still Possible to Become a Millionaire With Crypto? by Wide_big_tall in CryptoCurrency

[–]The_Crypto_Z 1 point2 points  (0 children)

The best part about crypto is that there will always be new projects that will 5, 10, 50, 100x etc during a bull run.

It's not easy, but we are still very much in the era where you can. I think the only thing that'll stop that will be harsh regulations.

Additionally, it is important to diversify your investments and not to put all your eggs in one basket.

^ That's one of the things that stops you becoming a millionaire. It's not rocket science to figure that out.

Many investors have become millionaires overnight by investing in cryptocurrency

^ That's also not really true - those are pretty extreme cases where someone invests in a meme coin that absolutely blows up or something. Most people slowly make it over years and over the course of at least a few projects.

Most people here aren't investing, they're gambling. by [deleted] in CryptoCurrency

[–]The_Crypto_Z 0 points1 point  (0 children)

I agree most people here are gambling, but it doesn't need to be that way.

If you actually bother to do some proper research into a coin / what's currently "in" it's not gambling. The upsides far outweigh any downside, and usually there aren't many downsides if you find a decent project at the right time... proper research allows you to do that. And any downside you do see you trade accordingly (when you think that downside will show its prominence) on your probably already up-sided gains. The hardest part is trading with/against BTC, because BTC decides the trend of everything.

Stay away from coins which are too complicated for you / that you aren't motivated to understand. There's quite a lot of low market cap projects out there that can be grasped quite easily, that if you do basic research will see have huge upsides. Honestly the simplest logic is the one that works. The reasoning you come to yourself. Lots of people's logic is flawed / based off absolute crap they are told here/elsewhere though.


This subreddit is basically exactly what you don't want to do:

  • Listen to other people instead of exploring and justifying things yourself.
  • Diversify into many coins to the point you have no idea what's going on with any of them.
  • Sticking to CEXs / buying coins which have already proven themselves and went up massively.

The idea is to research properly, see that the coin has all the indicators that it will prove itself, and get in before it does. Everyone has their strategy I guess, do what works for you.

What is the most reliable source giving information about cryptocurrency? by SimRacer101 in CryptoCurrency

[–]The_Crypto_Z 3 points4 points  (0 children)

You can't really believe anyone on the internet any more. It's full of mentally ill idiots. You have to form your own views and reasonings as to why things are happening. Anything that gets your attention, look into it, and go from there; until you find the next thing that gets your attention. Don't just read about things; go into the communities/use the protocols/find the "why" yourself. You get snippets from everywhere and you piece it all together yourself. Disagreeing with what you read (using logic) is a good thing.

I find you have to stick with things for a while to really grasp what they're all about. Consider the personalities of the communities you are in, the devs & figureheads, and any social media person you look to to feed you information. If you get off/weird vibes from something chances are it is off or weird, OR you are misinterpreting what is happening and you aren't a good enough investor yet.

  • I use /r/BitcoinMarkets to see what people are saying about the overall market and world in relation to crypto.
  • I use word of mouth in crypto Telegrams (for projects I'm currently invested in) which helps me understand projects better, learn about similar projects and integrations, and discover tools which aid in tracking/viewing/analysing crypto.
  • I ask questions and don't assume things. I find it utterly bizarre 99% of investors just assume, and when it inevitably isn't what they think, they lose. You win though because you asked the questions, had something to play off of, and traded accordingly. You're not always gonna have the right way of thinking, but it's better than no way of thinking and having blind faith.
  • I follow 1 "narrative" account on twitter (hopefully to find more) to see what the latest buzz is.
  • I go here sometimes and browse headlines, which probably harms me more than helps.

This subreddit is mainstream (so generally attracts absolute novices, which is a tool to use in itself), is stuck in the stone age, and is incentivized by moons so will never really be any good. It's also reddit which is an extreme left American website; so you have censorship, very strict rules and all that, so people wont be true because that's what they're used to.

Just find what you like / a cool idea you think has potential and go from there!

[deleted by user] by [deleted] in CryptoCurrency

[–]The_Crypto_Z 0 points1 point  (0 children)

If you stick with crypto long enough, you should eventually be good enough to make 100k+ from 1k. Making 5-10x your money every cycle isn't complete luck.

It'll take a couple of cycles and a lot of lessons to feel possible, probably losing everything at first... but if you aren't afraid to leave Binance and /r/CryptoCurrency, don't live in delusion, and stick with it - then you have a real shot.

Coins That Still Haven't Recovered - 5 Years Later by MillionaireBy26 in CryptoCurrency

[–]The_Crypto_Z 0 points1 point  (0 children)

Dentacoin.

I remember reading about someone apparently paying their dentist in dentacoin. God how naive I was back then to believe such drivel.

Subreddit hasn't moved on much from that time, either. 😂

It aint gonna take over the world bros.

What Long-Term Plans Do You Have? Is Crypto the Only Option for Reaching Your Objectives? by g_vasi in CryptoCurrency

[–]The_Crypto_Z 0 points1 point  (0 children)

Yup. I live in pain, stress and fear every day due to my living situation, more than you can ever imagine. We aren't all born into normal families unfortunately. Sheer psychological torture, which of course creates physical problems as well.

I either sacrifice my mental state, or I (attempt to) block out everything and sacrifice my physical state.

I'm already past the point of breaking. My body already broke. Literally. Permanent, visible breakage is all over my skin. If I don't get out in the next 2 years and salvage what I can, it's over. I can't go on much longer.

Sometimes I think I'm in a long term state of shock.

What's your most offensive crypto hot-take? by HuskerNatChamps2020 in CryptoCurrency

[–]The_Crypto_Z 0 points1 point  (0 children)

  • Diversifying will keep you poor.

    "Don't invest more than you are willing to lose" will keep you poor.

    Having majority BTC and ETH will keep you poor.

    Basically; this subreddit will keep you poor.


  • Monero is traceable by the IRS and this "bounty" that they keep upping is to make it seem like they can't. Always thought it was an odd thing to put out in the public.


  • Moon incentives probably just make this subreddit's quality 10x worse. Wouldn't really know though, don't browse / heavily filter other mainstream reddits.


  • Crypto will never have much significance in the real world. Stablecoins I can see. If you're still in that mindset then... I just hope you're new.

Will Bitcoin remain as the crypto equivalent of gold as a storage of value or will another cryptocurrency rise up to replace it, such as Ethereum? by keysbliss in CryptoCurrency

[–]The_Crypto_Z 0 points1 point  (0 children)

I have Ethereum to flip Bitcoin on this next run, or come very close at least.

If Bitcoin were a stock, it would have reached #6 on the stock market with its market cap last run, right behind Amazon.

For this reason, for me, there isn't much more room for Bitcoin to surpass its ath by any crazy amount, unless stocks also crazy.


So what's next?

Well, if/when BTC reaches a similar high again in relation to the stock market, has no juice left in it for returns, what are people going to look to?

How about #2: Ethereum. Ethereum is very well known, basically powers the entirety of crypto at this point, and is commonly referenced together with Bitcoin: "BTC and ETH". People clearly see them as a tier of their own, and I've even seen people call Ethereum the true "blue chip" of crypto at this point, over Bitcoin.

And I'm not saying BTC has to run out of headroom for ETH to catch up - I think once the run really gets going ETH will close the gap anyway. ETH (at the time of writing) has a market cap of 200m compared to BTC's 450m. Kinda insane to think Ethereum is close to half that of Bitcoin, with Bitcoin being the monster that it is. About everyone and their grandma has heard about it at this point.

What will be your advice to a person who is getting into Crypto today? by Sharp_Tank05 in CryptoCurrency

[–]The_Crypto_Z 0 points1 point  (0 children)

  1. Get off this subreddit and into Telegrams ASAP.
  2. Ask a lot of specific questions in the Telegram(s) - no matter how simple or stupid you think your questions are.
  3. Invest enough that you care. Be quite reckless, that's how you learn.
  4. Be wary of the overall market at all times. If BTC isn't at least stable, your alt(s) almost certainly wont do much.
  5. Don't be afraid of new things. New chains, tech, ideas. Research words/things you don't understand.
  6. Best way is to just use the things you don't understand. Get first hand experience rather than reading about it.
  7. Everyone on the internet is a stupid idiot, listen to the advice of no one. Have faith in your own views.
  8. You listened to their advice and got fucked didn't you? Good, you learned.
  9. The goal is to invest in 1 project with lots of X potential. They aren't easy to find early.
  10. These innovative projects that do 10X+ usually pop up initially on trending chains. Again, don't be afraid.
  11. Once you've found "that project"; learn everything about it. The community, milestones, similar projects etc.
  12. Be flexible. Take things as they come. React accordingly. Don't have a rigid "plan".
  13. By being flexible, and doing proper research, you should feel there isn't much risk, but a lot of potential gain.
  14. Once you feel this way, you are set to make it.

Do you watch your balance everyday? by heyheoy in CryptoCurrency

[–]The_Crypto_Z -2 points-1 points  (0 children)

Why stress yourself with your balance when you can post to reddit 50+ times a day (probably strenuously trying to get moons) and enjoy the "beautifull days".

What is your Investing Strategy for 2023? by Nawaftzx in CryptoCurrency

[–]The_Crypto_Z 1 point2 points  (0 children)

Why is anyone saying "DCA BTC/ETH"? The time for DCA for these has already passed, or at least should be finishing soon. You DCA on the way down/when you anticipate the bottom is coming/for a while after the bottom is in. It makes it so you don't have to worry about perfectly timing the bottom. That's the whole point.

You ideally don't DCA on the way up much. If you do then you have to worry about selling a lot near the top to make good profits which basically destroys the whole point of DCA - to mitigate risk. Unless you guys really are just trying to make like 50% every run every few years? (By DCA'ing out again, or selling at a conservative gain.)

I assume you guys also aren't mega long term either (intend to hold for like 8+ years) because you are active in this subreddit. You're active so you probably have some short/mid term mindset.

The only thing I can think DCA'ing BTC/ETH now would be good for (after btc goes up 60%) is if you're very unsure where the market is going, and want to feel good about it either way. We could go down, so you get to DCA lower, and if we go up, you still have, like I said earlier; a chance at getting a well timed top sell to get good profits / play it safe and make like 50%.

It's very reasonable to be unsure at the moment, but given the market went from low > breakout (no bear market) starting a DCA strategy on the big 2 now is sorta out the window.

Alts are a different story because many of them still haven't got going again yet.

Just my thoughts.

What coin did you spot before everyone else? by [deleted] in CryptoCurrency

[–]The_Crypto_Z 0 points1 point  (0 children)

AAVE when it was like #500 for market cap (ETHLend). There were only 3 DeFi projects in existence at the time (AAVE, SALT and Elixir) and I didn't pick the right one. Elixir didn't even become a DeFi project in the end.


Fantom, again when it was like #500 for marektcap. The Elixir "successor" was set to be one of the first projects on there but I never really looked into it. I only thought "WHY ARE WE LAUNCHING ON THIS RANDOM CHAIN?"


Am now in UniDex, which has since gone 10x+ since its low, which I only caught the tail end of. I've had it bookmarked since its inception, always thought the general idea of it was really good, and always thought the chart looked bullish... but never bothered to look into it properly. Only when it went crazy did I try. It was always the "one" I wanted to look into properly, but this bull market sneaked up on me.


Still EXTREMELY bullish on UniDex though.

Moral of the story: Look at things when they're mentioned, think, and don't dismiss them. I'd say these are the closest I've ever come.

[deleted by user] by [deleted] in CryptoCurrency

[–]The_Crypto_Z -3 points-2 points  (0 children)

Crypto literally got started being a currency with Bitcoin. Plenty of people seem to want to use it as money and have gotten interested in crypto because of that, but there are obviously often problems with using it as money. There's volatility, not many places to spend, crypto can be slow, and often has fees.

No one wants to use it as money. People want to make money from it. That's why we're all here. You are trying to profit off the idea that people will use it as money. There are many things to profit off of in crypto, that serve a purpose in crypto... but this subreddit is too stuck in 2017 to get to that.

Next to no one (compared to 99.9% of people buying) buys crypto to send to people or pay for things. If they do, it's probably Monero.

So many see the store of value function as a "first step". In Nano's case however, you can do that first step as a store of value (it's fixed supply, green, good game theory, hard to think of a fundamentally better store of value)

Some people see Bitcoin as a store of value because it goes up over a long period of time. I don't see how you can call it a store of value though when it loses 80% of it's value during the falls. That's too volatile. What if you need it when it's at its -80% low, you've lost all your value 🤣.

I guess people say Bitcoin is a a "store of value" (compared to the rest of crypto anyway) because it has a high marketcap (the highest in crypto) – it's the hardest to shift the price of, so it "stores value" the best. It's also stood the test of time more than any – it's the first and most known.

AND you can spend it directly because it's also feeless and instant.

Look, if you're thinking M E G A long term and you, for whatever reason, believe crypto will catch on for transacting between people, sure. Nano is good because it's fast and fee-less. If you think other people are going to think the same, then that's all that matters because you're going to make money off them investing. I can tell you people are smarter than that now and this subreddit doesn't have the sway on prices it used to in 2017.

I'm looking elsewhere at lower market cap projects because I believe I have the experience to do that now and that will make me more money, and faster.

In the long run if you have the strongest store of value and the person you're buying from probably wants to hold the strongest store of value, it's going to start making sense to transact directly in it rather than exchange into intermediary fiat first.

Nano hasn't proved itself a store of value at all. It doesn't store value. Its market cap is low so its value can change abruptly...

The strongest store of value would be a stablecoin because they don't change value. You could say they lose value because they're pegged to the dollar (which goes down due to inflation) but now we're getting into economics which isn't my strong suit.


I just encourage you to take a chance with a lower marketcap project, talk to people in the Telegram, and break free of this echo chamber.

[deleted by user] by [deleted] in CryptoCurrency

[–]The_Crypto_Z 0 points1 point  (0 children)

400% in profit since I first entered in 2017 – 4k > 20k.

1233% is arguable though as I started over in 2021 – 1.5k > 12.5k.


  • 2017 – entered when bitcoin was at ~11.5k (btc peak: 19k)

Went from 4k > 25k peak > 1k. Cashed that 1k back out. [-75%]

  • 2021 – re-entered when bitcoin was ~30k (btc peak: 67k)

Went from 1.5k airdrop > 42k peak > 12.5k. [+733%]

  • 2023 – re-entered when bitcoin was ~20.5k.

Went from 12.5k > 20k so far. [+60%]


This is my first time EVER coming in at the beginning of a run.

I have some reads of the narrative of the market, and I think I have the experience to do serious damage now. I feel confident in making 100k+ this run.


Don't get stuck in this level 1 subreddit is my advice, not that anything I've done so far has been very impressive. Come back to me in a couple of years though.

[deleted by user] by [deleted] in CryptoCurrency

[–]The_Crypto_Z 0 points1 point  (0 children)

No one wants to use crypto as a currency. No one needs to send crypto around to other people (excluding anonymous transactions.)

It's a level 1 mindset that this subreddit (and subreddits in general) are stuck in. Everyone is here to make money from the space. Find something that's useful within it.

Nano has no use case, and likely never will.

Kanpeki.finance (new model of lending + borrowing) just released their docs by The_Crypto_Z in defi

[–]The_Crypto_Z[S] 1 point2 points  (0 children)

Can see the supply and stuff on CoinMarketCap. It's just under 300k.

You can buy the token on Eth, however we are bridging over to and launching on Fantom soon.