I become more of a BTC maxi every day. It feels like every week a project gets slapped with controversy. I haven’t even been massively effected yet, but LUNA (which I sold before the bear thank god), SPELL, CRO, and now HNT are all getting kicked for various reasons. Seems an awful lot like my attempts to “diversify” would’ve just been better served in Bitcoin honestly!
My risk tolerance has dropped quite a bit and at the same time I find that real life too frequently demands this "only money you're willing to lose" in large amounts, so I devised a new strategy that mitigates risk while providing a great upside if coins reach $.25 or more. 10k tokens of each: VTHO, ONE, SPELL, SC, CKB (got all of this for around $200 so zero worries) If just one of these hits a quarter then magic Internet money suddenly appears to pay some bills letting my bank account take a break. If I let it ride beyond to, dare I say, fifty cents or even a dollar, then hot damn that's a great ROI. Gonna do this with new cryptos that are relatively low with a clear use-case. I won't get rich, but I won't lose my ass either. I'll land somewhere in-between where the reward far outweighs the risk.
This absolutely could leave them with bad debt. Something similar recently happened to Abracadabra where the founder Dani was liquidated on his SPELL position which did not have sufficient liquidity, this left him with a $100k loan not backed by any collateral.
I've been calling out MIM and SPELL for months. The dev's are associated with failed projects and one of the primary dev's was literally behind the Quadriga rugpull. After the team found out that Sifu was behind that they swept it under the rug and tried to hide that they knew about it.
I don't know what osmosis is but I got screwed holding SPELL, ALCX and using Qubit on BNB chain so since then, I don't use DeFi, I just stake my NEAR and ICP. It's a lot safer and there are comparable gains.
I’m invested about $130… 1oo,ooo,ooo ELON 3 ICP 1,8oo SLP 3,ooo SPELL If I lose it all, no worries, if I make a profit, even if a little, it’s like scratching a scratchoff.. I’ll be happy as hell with my couple $$
Post is by: CryptoDad2100 and the url/text [ ](https://goo.gl/GP6ppk)is: /r/CryptoCurrency/comments/ulqcnd/what_fear_greed_index_of_11_means_to_me_1_year_of/ [https://alternative.me/crypto/fear-and-greed-index/](https://alternative.me/crypto/fear-and-greed-index/) Still a newbie, just cleared my 1 year in crypto. Some things I learned along the way watching the gauge daily: ​ * Being down sucks and everyone is hurting. It's best to not look at it if you can't do anything about it * Do not sell unless you absolutely have to and have no other recourse (in fiat - there are programs and available "hardship" withdrawals/loans if you're in a pinch) * Buy buy buy if you have any spare fiat * 1 coin = 1 coin * Yes, some coins trend towards 0. I've lost on ICP, DOGE, SHIB, SPELL, HUAHUA, and a few others. I've gained more than I've lost though * DCA is king * It's much easier to stomach red days stacked on top of red days **if your assets are being put to work** * DYOR, but I hold very few assets which earn little or nothing (ETH & BTC mostly). Everything else is earning whether in staking, lending, or liquidity pools * **Have a plan**. No plan = disaster no matter how the market goes. My plan for 2022 is to accumulate until June and take profits the remainder of the year, then start the process anew. Market conditions don't matter (only difference will be what the daily profits are) * The beauty of staking/LPs is you get SOME return and still maintain principal. Yes if your principal is tanking that's rough, but you still own the "same" amount if you can deal with it psychologically * Upskill and get a raise, a promotion, or if you're stuck a new job. It's a great market for moving up (at least currently in the US) * Don't keep your money on centralized exchanges for the most part * Take time to learn a little bit about crypto, the space, the markets, your projects, other projects, the tech, etc. every day. Doesn't take much. 5-10 minutes of reading some article or perusing some news is all it takes. The wealth of knowledge you acquire over a year will be massive and will help you make better decisions (especially when vetting new projects) Keep your heads up fellas, we'll be green again. Off to mine some fiat *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CryptoCurrency) if you have any questions or concerns.*
But this is just regurgitated Reddit nonsense too. We do find this stuff. I made 12k from the COPE airdrop. I bought SPELL super early. I bought LUNA at $0.60. I'm eligible for the optimism airdrop. I could go on. "Nobody knows shit about fuck is cope for people not willing to do the hard work".
Cutting your losses is hard, but necessary. I've been fortunate to only lose a few hundred on some duds, which I made up for in others. Held SHIB for months, finally dumped it when I broke even. Held ICP and dumped it at a loss, but thankfully my bag was small. Held SPELL for a while, dumped that at a loss too.
SPELL went down because of pure FUD and will rise again. My point is I really dislike when people lump everybody together as in "everybody has an opinion, it's all worthless" as that is simply not true. People who obsessively study this shit and devote their lives to analyzing the given data in order to make predictions are NOT on the same playing field as everyone else, and their opinion ought to be given special privilege.
That and SPELL have been my only forays - COVAL is just bleeding without much in the way of updates, and SPELL got wrecked by the Wonderland trainwreck because of Daniele Sesta’s involvement. So needless to say they both went great 😅
Yes. Depends on the protocol. Obviously if a stable coin is at 0.83 when it is supposed to be at 1 there is a problem. Most stable coins depend on a treasury buying and selling automatically to keep it at 1, but again each individual stablecoin has it's own protocol. I would say look out for negatives besides the protocol itself, such as lack of audits or transparency. Something like MIM/SPELL for example has previous associations with failed projects and a rugpuller, and although the team kicked the rugpuller off after people found out (even though *they* knew for months) the treasury is still in the hands *of the people who knew who he was and said nothing*. These are the kind of red flags to look out for in stablecoins. Do they have the money they say the coin market cap supports and can they prove it? Are the team members doxxed? Is the project associated with anything negative, including failed projects?
Yeah just yesterday I converted all my SPELL that finally went green into JUNO..finally seen sense...gotta build up hard before the halving in October...and I might start converting a few into atom along the way, as I think atom has a higher return potential in 5-6 years.
Smart or dumb? Put $100 into 9 different altcoins (a mix of good bets and longshots) + #ethereum and forget about that wallet for 5 years. Stop stressing and focus on living your best life beyond #crypto? $CKB $ONE $CRO #Dogecoin #APECOIN $SPELL $TONIC $ADA $SHIB
Any new coin that surpasses the 1 billion mcap on day 1 I would avoid. It’s tempting to buy but it’s current mcap at 4 billion and it was just released a few days ago scares me. I’m not saying it’s like JASMY or SPELL both which have gone to hell. But I think Ape is building up for a major dump.
SPELL, was doing great before one of the project leads, Daniele Sestagalli completely nuked one of his other projects, Wonderland, through terrible choices, wilful ignorance and knowingly acting as a business partners to a scam artist. Bags are too heavy, man.
Do Kwon truly is a degen. He made a deal with Dani from Wonderland for the Abracadabra Degenbox. Dani gave him $SPELL and received $LUNA in return. Also, UST peg mechanism requires an oracle to tell the current USD price of LUNA, so it indirectly depends on CEXs and is not 100% decentralised. This could change in the future, though.
tldr; Float Capital is using Chainlink Price Feeds to help it launch Magic Internet Assets on Avalanche. Chainlink is the industry standard for on-chain pricing data. The data is used to create tokenized perpetual swap pools with floating exposure to price movements. Float has shipped four DeFi markets backed by DAI, AVAX, JOE, QI and SPELL. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
My DD and DYOR is a grab bag of gut feelings, community scouting, a cursory look at use case/tech, and market cap. I'm not a coder, dev or whitepaper wizard. I'm just a dude who wants more money. That said, what are your thoughts on $SPELL. From what I gather, it's a cryptofinance/crypto lending token and was attached to some shenanigans either directly or tangentially not too long ago.
> I don’t know how I can simplify this any further. If you actually know what you're talking about, quite easily. SPELL OUT THE STEPS for exactly what you think America can do to extract tons of extra money from OPEC due to them using petrodollars, versus if they had been using local currency "Step 1) America does [blah]. Step 2) America then does [blah] Result: America is now way richer" > If too many countries abandoned the usage of the US dollar for oil, this “faith” would be lost. There are a hundred+ stable fiat currencies at the moment not being used by OPEC that people in those jurisdictions still have faith in. This is absolute bonkers nonsense.
For somebody who doesn't really understand NFTs and gaming tokens, but still wants to be invested in them, would you recommend AVAX and SAND? Lot of my friends understand NFTs and gaming tokens a lot and make money just by flipping them, but I don't have the knowledge to do that. I'm more of a long-term investor, so I want a coin that I can hold for over a year. For my Crypto portfolio, I'm 45% Bitcoin, 30% DOT, 15% AVAX, 10% SPELL (Not much best buy...) I want to change it up some more and do something like 40% Bitcoin, 20% DOT, 25% AVAX, 15% SAND. And just accept my losses on SPELL