The risk is always there and it's impossible to know who sinks and who swims... This said, I believe that the hunt for gems should go on, as the best entries are in this times, but to avoid excessive risk, IMO just smaller amounts should be invested in those coins and stick the chunk of our pot on BTC, ETH and stablecoins. A few large caps are obviously a good call, as here the key is diversification! I'm DCAing into QTZ, URUS and KALM as I believe in those projects, but I just have 10% of my pot on micro caps.
I started buying some things already. Got some KALM yesterday because I don't think that there's gonna be much of a dip with all the updates that they are preparing for this month. Bonds, DEX, crosschain integration... Will be nice to follow what's gonna happen. If BTC goes down below $40K, I may think of getting some more if I manage to make some money before that. I was also thinking of getting some FTM and AVAX but will think about it for a bit more.
Like OP said if there is more utility then it doesn't have to mean it's a shitcoin. You took CAKE for example and I can take KALM. They have a burning mechanism but that's far from what's it all about. With their DeFi options, there is a way to make a decent passive income. I don't think that we need to elaborate on CAKE at all.
I wanna get more DOT today, it won't stay at $20 for too long and I need them for the auctions. I already made a contribution to the Unique Network crowdloan and they are in a good position to win the parachain slot. I want to get more KALM as well, it's on the way to $3 and I wanna get some more before that. I think that the integration with Fantom and Avax will pump the price. If I manage to get more FWT, I will do it but that's not a priority right now for me. Wby?
I agree with you. Just a few examples of my portfolio: SOL is about 50% far from its ATH, but 50% up on the last 30d. AAVE is 70% far from its ATH, but 80% on the last 30d. KALM down 50% of its ATH, but 40% up on the last 30d. Another example from my portfolio is Arweave (AR) that is fat 60% from its ATH, but up 30% on the last 30d. I don't think this is a bear market at all.
I rather pay much more for a good project than much less for a bad one. I wouldn't take market cap as an essential component to analyze. I'm hodling some low caps like QTZ, HNT, AR, KALM and UTK, but I didn't decide for them based on their market cap. I did an extensive (still doing) through tokenomics, community, features, telegram, everything really. I'm hodling about 10 low caps right now, but the majority of my portfolio still "blue chips" and I believe some blue chips still have a long road ahead.
It has been a crazy ride, bro. It's very hard to NOT sell something that just doubles. I had this "problem" with some tokens like AR, HNT, KALM and DOT. I had the opportunity to hodl them for a little longer. I would have get a much bigger profit just by hodling, so I've decided to not sell anything anymore and let's see where this takes me. I have about 15 altcoins and I believe now the big money is in the waiting.
You should grab some KALM before it goes up, there are some updates incoming + I believe that the price will move as soon as they become available on the Fantom and Avalanche. You can check out the QTZ on MEXC if you looking for something cheaper. That's the utility token for Kusama NFT parachain - Quartz.
I never invested in anything so that I can get rich overnight. 100x is a marathon race and not a sprint as many people think. Even if there are bunch of tokens getting out every day there are still some quality ones. If you think that it's unlikely to get the new 100x then the glass must be half empty for you. Time is just another ingredient in this game. Time invested in decent research can help you to make good gains. My research time paid off when it comes to my KALM investment and I think that it will be the same case with UNQ when it gets listed. Not to mention some tokens that are in the top 100 right now. I'm not investing in things without the usecase like memecoins and crap like that. It's just a vaporwave that will end up badly for most of those that got into them, or at least that's just my opinion.
When it comes to DeFi, it's not everything about the highest yields and returns. Fuck that. I prefer to stick with some smaller returns but on platforms that are safe and sound. I have nothing against my interest rate on lending BUSD on Kalmar. It is close to 30% right now and I am sure that there are platforms that are offering more but more isn't always better. I don't like to move from platform to platform and chase the high APYs. If Kalmar works well already, why change it. If you take a closer look at it, it didn't dip much. Good DeFi projects have a base of hodlers who trust the project it's the same thing with KALM. That's why the price is still great.
It's hard to answer this question because I'm actually expecting to make money on all my investments. I know that is not possible in most cases but if I don't trust the project then why should I invest in it? It doesn't matter if the project is bigger or smaller if they have a solid usecase and tech behind it I will invest. I can tell you what underrated projects I am having or eyeing right now. I will soon get my hands on UNQ tokens because their crowdloan started already. When it comes to NFTs, I really believe that they can make some significant changes on the market. They are building their infrastructure on Substrate and they are looking forward to solving the NFT problems that exist on Ethereum. KALM is another one that should not be overlooked, IMO. They are constantly in green in the last 45 days or so, not much affected by this dip. It's both DeFi and NFT hub but for me, DeFi options are really good. I am lending my BUSD there but you can also do some yield farming with or without leverage. It's on BSC so it's close to no fees + it will be available on Fantom and Avalanche as well.
You don't necessarily need to invest in big projects if you feel like they don't have much space to grow. I am sure that some mainstream ones like ETH, BTC, DOT... have a lot of room to grow but I also like investing in some new stuff or projects with lower MCap. I've been bagging YLD and KALM lately because they are the main source of my passive income in addition to Celsius and Freeway (that I don't utilize much lately). When it comes to the projects that are not yet listed, UNQ is my no.1 priority. They are conducting the crowdloan on March 14th and I already prepared my DOT tokens to participate. It's the last chance to get some before the official TGE and listing. There are things to do, we just need to do a lot of research. As a matter of fact I keep seeing BitDAO a lot lately.
I totally agree with you on this and from experience, I hold low cap gems like RAIL, KALM, and LAYER to high esteem for the now until I get to see others which I'm open to suggestions, and catching them early will be the beautiful part of it.
Very well said, man. We need to act wisely. The investor's mind is much more volatile than crypto's prices and I believe people get desperate too soon. Actually, MATIC is one of the most promising projects and it's part of my altcoin portfolio along with LINK AAVE SOL AVAX DOT KALM and FTM. I'm much more calm after I've decided to take more time to study the projects. I'm specially bullish for DOT and its actual/future parachains like Polkadex, Moonbeam, Unique Network and Astar. I have friends that are building on Substrate and I'm sure that to DCA DOT is a good call. I'm also directly involved with KALM, since I'm testing their upcoming platform KalmySwap and even though AAVE is experiencing disappointing numbers, I believe this one has a good potential up ahead after Arc and V3.
You shouldn't stick to one platform, it limits your chances. I won't be focusing only on Binance in my answer because I really think that you should explore other options and maybe some coins can make you change your mind. I'd invest in KALM right now because I don't think that we are going to see lower price for accumulation. It's a DeFi banking platform on BSC and they practically don't have much competitors out there. Another PA platform that can make you some gains is YieldApp, you can even stake BTC there and get 8% APY, which is not bad at all from my POV. Also, I'm bagging more DOT before it goes to 3 digits and I want to use it to participate in the upcoming UNQ crowdloan.
I haven't seen any relevant bounce. I agree with you that this can be a bull trap for sure, but I'll keep my strategy of using my passive rewards from staking to DCA my portfolio. The only real bounce on my portfolio right now is KALM (a defi nft hub). The majority of my portfolio (HNT, AR, DOT, SOL, AVAX) is not bouncing at all! The markets will have another bull run as you mentioned and we have to wait for the right time.
Never be greedy but buy when everybody's panicking, I agree with that. I already spent some money on KALM and YLD mainly because I don't expect them to drop like some major ones because of the simple fact. A lot of circulating tokens are staked or locked on their platforms and there are not many people selling because if they HODL they can make some passive income at least. DOT is still under $20 and that is enough for me to go in and get more. I am planning to use it to participate in the UNQ crowdloan, they said that they are going for the next batch which will happen in March. There are always things to do, even if the market is bleeding. And everything is better than the panic.
I already got some more DOT under $20. It just makes sense to me because the whole ecosystem is growing. I am planning to use some DOT to participate in the UNQ crowdloan that will probably happen in March. I also bought some YLD, because I wanna reach the highest tiers so that I can go for the maximum APY on staking there. It won't dip much because 3/4 of the circulating supply is already staked or locked on the platform according to their stats. I decided to get more KALM as well, they announced that they will probably go multichain. They are on BSC now but it looks like there will be Avax and Fantom integration soon. It looks logical to get some now while everything dips.
Regarding major ones, I think that BTC, ETH, DOT and MATIC are a must. When it comes to some midcaps, I'd say that my go-to coins are OCEAN and EWT. You should not exclude lowcap projects from your portfolio because there are some projects with great fundamentals and with nice communities. If you care about the future of NFTs, then you should take a look at UNQ and QTZ for example. Both are created by Unique Network, the first NFT chain on Polkadot. I also have some passive income generators like YLD and KALM. Staking on YLD and doing some lending on KALM. If you spread your stuff around smart, you can increase the chances for more gains.
These are great questions, man. Really. Of course I'm seeking for wealth's growth. Who isn't? For some projects I'm both an user and investor. Some examples: CAKE and KALM (I hodl the token and also do leverage yield farming), UNQ and QTZ (I hodl both and I've also used uniqueminter to create an NFT collection of my racing car's photos. This collection stil private for now btw), BNB (I have the token and also an account), ETH (who isn't an user/investor at the same time for this one?). You are right when you said "I use them for different reasons". This can be tricky. For example: I hodl AAPL, but I don't have an iPhone. I can just sell my stocks tomorrow if the price does not reflect the cash flow's potential anymore. I also have Intel stocks, but my CPU is AMD. I'll be an user if this is the best product for me (price/benefit), not necessarily I'll be an investor.
TBH the only thing I'd have more is DOT. I am feeling positive about it and I think that the whole ecosystem will expand drastically in the months to come. For me, it's a 3-digit potential. I even plan to use DOT to participate in the Unique Network crowdloan, they said it will be early Q2. I'd maybe choose YieldApp over CRO, nevermind the populartiy. If you take a closer look at the YLD stats you will see the constant organic growth. Not to mention that APYs on CRO can't compare to those on YieldApp. Meme coins are not my cup of tea as well, but there are some legit lowcaps that you shouldn't avoid just because of the MCap. Take a look at KALM, for example. They are doing really great stuff lately and they are involved in both DeFi and NFTs.
The reason why I find it easier to stake KALM tokens, is because it comes with extra incentives besides the large APY, vKALM tokens are offered to KALM stakers, which enables holders to vote, make proposals, and decide the future of the Kalmar platform.
I believe that DOT will be huge in the next 5-10 years. The future will be multichain and who's better than Polkadot when it comes to interoperability? Ethereum has a lot to do in the future but I believe they will be more than good. I also believe that some of the upcoming Polkadot projects are going to be massive, like Moonbeam, Acala, Unique Network... YLD is worth investing in if you take a look at their numbers and stats. In the last year, they are constantly growing and I think it's just a matter of time before the price will reflect that. It's my favorite platform when it comes to staking. My latest investment was KALM and I was trying to avoid talking about that one before I check their product since they are a kind of DeFi banking platform. I think I'm going to HODL that one for a longer period of time, for sure.
What I'm staking right now: CAKE (42%) and HNT (7,5%) on Binance, DOT (12%) on Mexc Global (I haven't found a better pool for this one yet), USDC on Yield App (18%) and EURx/GBPx on Nexo (12%), KALM on Kalmar for leveraged yield farming.
There are some projects that keep in mind both DeFi and NFTs. Take Kalmar for example. You can make some gains by leveraged yield farming or lending and borrowing on the Kalmy App but you can also start an NFT fundraiser or participate in the ones that others created. The thing is that there are real-world prizes behind KALM NFTs and they will be adding the utility behind them as well. I agree that DeFi is where our focus should be at but don't underestimate the power of NFTs. We are still at the beginning.
I had some plans to do some lending on KALM. I got some BNB that I would love to put to work. There is also an option to do some leveraged yield farming but I will leave that for some other occasion. They are also deeply involved in NFTs and have their fundraising platform. The dangers are always there when we talk about DeFi but that doesn't mean that there are no good platforms.
I never saw a platform able to sustain them, they usually drop very fast. I hope that I am wrong but I think that I am not. Will rather go for 12-18% APY on YieldApp and Celsius and stay in for a long run. Thinking about getting involved with Anchor as well and maybe lending some BNB and BUSD on KALM app.
Can't say that I'm stressed but I'm certainly not feeling ok about the market. I still HODL and try not to lose my hopes yet. The road is rocky but we will make it. Luckily there are things to do. I'm on a mission to bag as much DOT and BNB as I can these days. They are both on a nice discount. I wanna use DOT to participate in the upcoming Unique Network crowdloan and grab some more tokens before they go live. Waiting for news about QTZ tomorrow, I guess there will be some listings soon and a staking program. I am talking about the first NFT chain for Polkadot here. You can even test it for yourself and mint NFTs for free, the testnet is open for everyone. On the other hand, I have plans to lend some BNB on Kalmar app so that yield farmers can borrow and I will get interest on that as well. Will try to be careful as possible, but so far there was 0 incidents when it comes to KALM. It's a good option if you plan to go long with it. Not just that you can make some money but I also believe that the platform itself will grow in the future.
I'm around 20 right now. Trying to Increase my position a bit but I don't want to exaggerate. Trying not to buy dumb stuff and to pile the crap in my portfolio. I'm not much of a day trader so I'm trying to bag some stuff with the long-term potential. Got BTC, ETH, DOT, MATIC when it comes to major ones. A bit of ADA as well. When it comes to staking I am mostly on YieldApp, Celsius and Freeway. Yield Farming and lending on KALM. Also, KALM NFTs are worth looking at, the same goes for Unique Network. That's the biggest side of my portfolio so far but I am sure that I will grab some more stuff in the days to come if the market continues to perform like this.
True story man. Go with the flow and use the opportunities given. I've been living in denial for a while myself but changed my opinion. This dip was nice to grab another Substrapunk and Chelobrick on the Unique Network marketplace. Those will even get me a share of profit from the marketplace so it's not just art. Planning to grab some KALM NFTs as well, they are conducting another sale on February 5th. Those can be changed for some real prizes. There are useful things around, you just need to dig a bit.