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analyst75

Market Wizard
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Everything posted by analyst75

  1. The DEFC price is up over 175% in the past 24 hours, currently trading at $0.23 on Bitmart exchange. From its daily low of $0.08 to its high of $0.25 was an over 300% move for DeFi Coin. Liquidity is low on Bitmart however the DEFC / USDT pair is currently green again with today’s daily candle holding most of the gains from yesterday, suggesting new buyers have stepped in. There is likely to be little selling pressure as DEFC already retraced 98% from its all time high of $4 set in July 2021. DeFi Coin has completed another phase of its roadmap, the version 3 launch of their Defiswap.io DEX, app and farming pool. The DEFC project aims to be an alternative to decentralized exchanges such as Pancakeswap, Uniswap and Sushiswap, providing liquidity for crypto swaps with no centralized third party required. More info here: https://deficoins.io/# Want to buy DEFC/USD?: https://pancakeswap.finance/info/token/0xeb33cbbe6f1e699574f10606ed9a495a196476df
  2. Is this kinda program still accessible? Make money from Forex, stocks, commodities, indices and cryptos with us: https://www.instaforex.com/en/index.php?x=LYZG
  3. This is really an old broker. Make money from Forex, stocks, commodities, indices and cryptos with us: https://www.instaforex.com/en/index.php?x=LYZG
  4. Lucky Block (LBLOCK)’s highly-anticipated $1 million jackpot is only a few hours away. At press time, the LBLOCK jackpot and NFT winner will be announced in 35 hours, according to data from the network’s website. Apart from the $1 million jackpot up for grabs, Lucky Block is also giving away another $1 million in its NFT draw alongside a Lamborghini Aventador, priced at over $400,000. The daily main prize draws will begin on June 6. Participants in the lottery continue to flood the network by purchasing the network’s native token LBLOCK and its Platinum Rollers NFT to stand a chance to win. Holding either the token or the NFT is your ‘ticket’ for the draw, making this a multidimensional income-making endeavor. That said, the time to stock up on tickets (LBLOCK token and Lucky Block NFTs) is now. Interestingly, holders of Lucky Block’s NFTs have twice the chances of winning the jackpot, considering the limited circulating supply of NFTs. Also, NFT holders are automatically awarded free entry for life into the daily draw. For those who haven’t already purchased a ticket and are interested in a rare opportunity to become a millionaire, the Lucky Block website provides detailed directions on how to partake in the jackpot. Key Lucky Block Levels To Watch — May 30 Unsurprisingly, LBLOCK has recorded a notable rally on the eve of the jackpot draw. The play-to-earn cryptocurrency has jumped by over 25% in the last 24 hours. LBLOCK 4-Hour Chart on TradingView We expect to see more price rallies to the runup of the jackpot. That said, estimates suggest that LBLOCK could jump by 100%, double its price, before the end of the week. This would put LBLOCK back at the $0.0050 mark for the first time since early March. The potentials for profits in the coming weeks are even more exciting, and LBLOCK holders are set to smile to the bank in the near term. Meanwhile, my resistance levels are at $0.0030, $0.0035, and $0.0040, and my support levels are at $0.0022, $0.0020, and $0.0018. Total Market Capitalization: $1.27 trillion Lucky Block Market Capitalization: $251.21 million You can purchase Lucky Block here. Buy LBlock
  5. 3 Secrets Of Everlasting Victory In The Markets – Part 1 Updated: 13 May 2022 3 MANDATORY INGREDIENTS FOR PERMANENT TRADING SUCCESS“Stop trying to force trades with strategies that don’t work for you. Instead, enjoy the freedom of executing trades that fit your psychology and that help you reach your financial objectives.” – VTI In case you didn’t know, trading is the second most difficult job in the world. The only job that is more difficult than trading is defusing nuclear bombs. No, I don’t mean to scare you, but you need to accept this brutal truth if you want to really attain the goal of financial freedom as a trader. Trading is a very tough game. It is well known that roughly 70% of traders lose their capital within the first year of funding their accounts, and eventually, more than 95% of traders cannot succeed consistently. It’s even argued that less than 3% or 2% of all traders in the world can boast of permanent victory. Honestly, “over 95% eventual losers” isn’t a sexy statistic. But it shows how hard trading is. Period.I have said it over and over again: What makes trading difficult is the everlasting fact that the next movement of price can never be predicted with absolute certainties. This is the biggest factor behind traders’ losses. They think the market will behave in certain ways, but the market behaves differently.What are your trading beliefs? In his past newsletters, the late Dr. Van Tharp always said, “You do not trade the markets—no one does. Now that might sound surprising to many of you. But what you really trade are your beliefs about the market. Furthermore, your ability to do so is tempered by your beliefs about yourself.” You live your life according to your beliefs. You deal with people according to your beliefs. If you’re religious, you worship according to your beliefs. Everything you do in life is according to your beliefs: schooling, marriage, eating habits, dressing, business, parenting, hobbies, etc. If you’re a trader, your trading styles, strategies, entries, exits, position sizes, etc. are according to your beliefs. So your trading activities reflect your beliefs as a trader.Are your trading beliefs useful? Some trading beliefs are totally useless and some are really useful. Are you part of the 95% losing traders, or do you belong to the 5% who make consistent profits? Look at your account history… If your account history is not attractive (negative) that means your beliefs about the markets are not useful. If your account history over the years, or several months, is amazing (positive), then your trading beliefs are useful. Unfortunately, most beliefs about the markets are not useful.The world is full of problems The world is full of problems and the majority of the problems are man-made. We create problems for ourselves as a result of what we do. For example, what would be the result of chain-smoking? What would be the end results of criminal activities? What about those who are destroying the planet earth because of their own personal gains? What about those who complain of the poor economy and they keep on voting bad leaders into power? Likewise, as an individual, your life is what you make it. What is happening to you as a trader is the result of your actions. If you have problems from trading, you created the problems yourself.The surest way to make progress in life The best way to make progress in life is to realize your mistakes and stop repeating them. If it’s going to be, it’s up to you. If the results you’re getting in life are not what you want, the only way to get good results is to stop the habits or actions that constantly create problems for you. Likewise, in trading, the only way to make progress and become a consistently profitable trader is to stop doing things you’re currently doing, which have not been giving you good results. You cannot continue trading the way you’re trading and expect better results. There’s no way that’s possible. The most guaranteed way to always be a losing trader, is to always trade to satisfy your emotions. You can’t continue trading to satisfy your emotions and expect breakthroughs.The unpredictability of the markets is our ally If you’re still reading this article, count yourself very lucky. Those small percentage of permanently successful traders are successful because they have found ways to make profits from the markets without being able to predict with absolute certainties. And the principles they use are simple in theory, but difficult to apply, owing to serious psychological problems. Nonetheless, if you’re really tired of losing money… If you want to be among those less than 5% who are consistently making money, then stay tuned for the second article in this series. It would reveal two secrets of consistent triumph, while the third article in the series will reveal the third and the final secret. We are not talking about the ups and downs of trading. We are not talking about making money temporarily and then blowing accounts, making another money, and blowing accounts again. We are talking about the permanent process of making money. Your goal in life is to be a successful trader, and success is possible if you can discipline yourself to apply the 3 secrets that would be revealed in the next articles. The first part of the articles is ended with the quote below:“My greatest challenge was the idea my opinion is not worth a pinch of s***. The more I accepted my opinion was worthless and the more I accepted whatever the market provided – the better and more consistent my results became.” – Sven Holmes Insights into the Mindset of Super Traders Source: https://learn2.trade/3-secrets-of-everlasting-victory-in-the-markets-part-1
  6. Why Inflation Is A Good Thing Inflation would be the greatest thing to happen to me. I selfishly want the government to spend as much money as possible. “You can’t print money forever!” everyone is shouting. Yes you can. And they will. They’ve been printing money for decades, and only now it’s making the headlines.The reason I am selfishly supportive of inflation is that there is a well-known maxim in poker that “money flows clockwise.” If you sit to the left of the weakest player at the poker table, then eventually you will have all of their money. Every time they bet, you raise them, scaring out all of the other players. So you are now “heads-up” with the weaker player. It’s just the two of you. Luck will give him some hands, but luck/skill will give you most of the money. In inflation, the same thing happens. Print up a trillion dollars and give it to everyone… and where does it end up? Eventually it’s all put in the stock market or in real estate. To be fair, some of it is now showing up in crypto.Inflation of a currency occurs when goods that are priced in that currency go higher (IN THAT CURRENCY) year-over-year or month-over-month. For instance, gas — which you buy with dollars — is over $3 a gallon for the first time since 2008. This is VERY important to understand. Gas itself is not different. Gas is not even worth more UNLESS it is priced in US dollars. Everything you own goes up in value, but ONLY IF it is priced in US dollars.What do I mean? Here are things you might own that will go up if inflation goes higher: Stocks Real Estate Cryptocurrencies Collectables Services you offer The more you own of the above, the less inflation hurts you. And if you own “Good” stocks or “Good” real estate, then you will make a lot of money during inflationary periods. But what’s a good stock or good real estate?Without inflation, it is very hard to predict the stock market. When there is no inflation, the stock market will stay the same except for stocks that are growing. And it’s very hard to know which companies will grow. Remember this: Almost all of the growth in the stock market over the past 100 years has occurred because of inflation. I don’t give a shit about “candlesticks” or P/E ratios or what The Wall Street Journal says. So, ok, if you own a basket of stocks — and that is the bulk of your net worth — then you will survive inflation.But how can you BEAT inflation? It’s simple. Just own stocks in an industry that is growing faster than inflation. Some industries are fully mature, and I would not bet on them. Sure, Exxon and Chevron will go up when gas prices are going up. But they are not interesting, and eventually their stocks settle down. The oil industry might even be in trouble as renewable energy gets more realistic. But just look in your life. Do you drive more? Do you use the computer more? Do you read more? Ask yourself which activities you do are “inflating.”Author: James A. Source: https://learn2.trade/why-inflation-is-a-good-thing
  7. Unfortunately, if you’ve sent crypto, it’s likely gone for good, never to be recovered. At this point, because of the worldwide nature of cryptocurrency, there is no central authority that can help you recover your crypto. Make sure that what ever price you paid becomes tuition in the school of crypto life. You’ve learned a hard lesson. Print a certificate or do whatever you need to do help you move on, but ultimately learn from the experience and move on. Trying to recover what you sent is a battle you will likely waste more time, energy, and maybe money on with NOTHING to show for it in the end.” – Airdrops Blog Profits from games of knowledge: https://www.predictmag.com/
  8. DeFi Coin Soars By Over 500% In Two Days As DEFC Prepares For Bull Cycle DeFi Coin (DEFC) surged by over 175% last Wednesday alone, as the price rallied to $0.23 on Bitmart. On that day, the DeFi token jumped from a daily low of $0.08 to tap a high of $0.25, a jaw-dropping 300% single-day move. That said, DEFC did not stop there. Instead, the cryptocurrency surged by another 124% between May 5 and May 6. However, it has since retraced to the $0.470 area, where it currently trades. That said, analysts opine that bullish continuation might be brewing in the background for the DeFi token. Impressively, DeFi Coin put up this exceptional bullish performance when most of the market suffered monumental losses, as Bitcoin slumped to the $33,000 low, a record yearly low. In other news, DeFi Coin recently achieved another milestone in its roadmap after launching its Defiswap.io decentralized exchange (DEX), app, and farming pool. DEFC aims to become the go-to alternative to decentralized exchange giants, like Pancakeswap, Uniswap, and Sushiswap, and provides liquidity for crypto token swaps in a decentralized setting. A recent report suggested that DEFC could attract a listing on Coinmarketcap with its recent meteoric rally, which should amplify the token to more audiences and attract more investors and developers. Key DeFi Coin Levels To Watch — May 9 As mentioned earlier, DEFC has recorded a massive boom over the past few days after recording an activity and volume spike last Wednesday. DEFC 4-Hour Chart on TradingView. The decentralized token jumped by a volcanic 514% between Wednesday and Friday before correcting mildly to the $0.470 zone. The cryptocurrency still trades up by 411% from its lowest point in May, recorded on May 4. With the bearish pressure on the broader market persisting on Monday, DeFi Coin could record a bullish slow down and enter a sideways pattern. However, analysts believe that the cryptocurrency has now touched the floor from its recent crash, adding that it could start a bull cycle soon. Meanwhile, my resistance levels are at $0.500, $0.550, and $0.600, and my support levels are at $0.450, $0.400, and $0.350. Total Market Capitalization: $1.51 trillion DeFi Coin Market Capitalization: $49.3 million Source: https://learn2.trade
  9. “Forbes magazine just updated their annual lists of billionaires. And if you’ve been following the red-hot crypto market, it should come as no surprise that more and more new crypto billionaires are being minted. Here are just four examples: Jed McCaleb — early investor in both Ripple (XRP) and Stellar Lumens (XLM). Tyler Winklevoss — invested heavily in Bitcoin starting back in 2012. Cameron Winklevoss — also an early Bitcoin investor. Tim Draper — invested in Bitcoin in 2014 and was one of the early investors in leading altcoin Tezos. Can you see what they have in common? They’re billionaires today because they invested in young, up-and-coming cryptocurrencies before they were well-known. They bought Bitcoin in its early days. Or they were among the early investors in newer cryptos that took blockchain technology to the next level. It’s just more evidence of what I’ve been telling you for weeks: For the opportunity to build the kind of monumental wealth that early Bitcoin investors have created, you need to look beyond Bitcoin, even beyond the most popular altcoins. You need to explore a sector of the crypto world that almost no one has ever heard of — a small group of new, under the radar cryptocurrencies that could soon burst out of the digital shadows.” - – Altucher Confidential Profits from games of knowledge: https://www.predictmag.com/
  10. Solana (SOL) Declines To $95 Low But Recovers Above $100 Solana consolidates above $100 SOL/USD is in a downtrendSolana (SOL) Current Statistics The current price: $101.36 Market Capitalization: $51,901,058,136 Trading Volume: $1,876,922,199 Major supply zones: $280, $300, $320 Major demand zones: $160, $140, $120Solana (SOL) Price Analysis April 18, 2022Solana’s (SOL) price is in a downtrend as the cryptocurrency recovers above $100. Solana is trading above the 50-day line SMA but below the 21-day line. Since April 11, the altcoin has been fluctuating between the moving averages. The bulls and bears are yet to break the moving average lines. A break below or above the moving average lines will compel the altcoin to trend. Today, the altcoin is trading above the 50-day line SMA if the bears break below the current support, the market will decline to the lows of $87 or $77 price levels. Conversely, if price rebounds above current support, the 50-day line SMA will be broken and Solana will rise to revisit the previous highs. SOL/USD – Daily Chart Solana (SOL) Technical Indicators Reading The altcoin is at level 45 of the Relative Strength Index for period 14. The market is in the downtrend zone and below the centerline 50. The crypto’s price is between the moving averages as the altcoin continues to be range-bound in a range. Solana is above the 70% range of the daily stochastic. The market is in a bullish momentum. The 21-day line and the 50-day line SMAs are sloping downward.Conclusion SOL/USD is in a downward move as it recovers above $100. The altcoin is making an upward correction as it faces rejection at the high of $103. Meanwhile, on April 7 downtrend; a retraced candle body tested the 61.8% Fibonacci retracement level. The retracement indicates that Solana will fall to level 1.618 Fibonacci extensions or $93.84. SOL/USD – 4 Hour Chart Source: https://learn2.trade
  11. Bitcoin SV Price Analysis – April 25 Further increase in the bears’ pressure will decrease the price to break down the support level of $73 which may expose the price to $50 and $41 price level. In case the support level of $73 holds, the price may increase towards the resistance level at $87, $105 and $123. Key Levels: Resistance levels: $87, $105, $123 Support levels: $73, $50, $41 BSV/USD Long-Term Trend: Bearish On the daily chart, Bitcoin SV is bearish. Last two weeks, the coin was on the bullish movement in the daily chart. The resistance level $105 was tested when the price pulled back from $73 support level. The bears opposed the price increase and long tailed daily candle formed. Follow the scenario is the formation of bearish engulfing candle which triggered a bearish trend. The price is currently facing previous low of $73 price level. The two EMAs are bending down to follow the direction of the price. The crypto continue its trading below the 9 periods EMA and the 21 periods EMA which indicate bearish momentum. Further increase in the bears’ pressure will decrease the price to break down the support level of $73 which may expose the price to $50 and $41 price level. In case the support level of $73 holds, the price may increase towards the resistance level at $87, $105 and $123. BSV/USD Medium-Term Trend: Bearish Bitcoin SV is on the bearish movement on the medium-term outlook. The bears eventually dominates the Bitcoin SV market. The momentum of the bears increase and the price decline to break down the support level at $87. The price is decreasing towards the support level of $73 at the moment. The price is trading below the 9 periods EMA and 21 periods EMA which indicate that bears are in control of the market. The relative strength index period 14 is below $25 levels displaying a bearish signal. Source: https://learn2.trade
  12. LUCKY BLOCK MARKET PREDICTION: LBLOCK/USD ANTICIPATES AN IMMINENT UPRISING Lucky Block Market Prediction – April 13 The Lucky Block market prediction is for an imminent uprising as the price touches down at the $0.00246460 key support level. LBLOCK/USD Long-Term Trend: Bullish (30-Minute Chart) Key Levels: Supply Zones: $0.00378260, $0.00324440, $0.00272320 Demand Zones: $0.00272320, $0.00246460, $0.00222220 LBLOCK/USD is currently anticipating an imminent uprising as it drops lower. The market’s downward slide is an opportunity to accommodate more buy traders are low price levels. There is a good chance that the market’s uprising will begin from its current support level at $0.00246460 or a more substantial confluence level just below the current level. Lucky Block Market Prediction: LBLOCK/USD Is Gathering Momentum for an Uprising In a bid for the market to return under their dominance, the buy-traders have stopped directly pushing against the $0.00304100 resistance zone. Instead, the bulls have allowed a drop in the price to accommodate more market investors. The lower the price, the more buy-traders are added, and the greater the probability of an imminent uprising. The market failed to rally at $0.00272320 and has dropped to $0.00246460, where bulls anticipate a price rise. A predominantly bearish MACD (Moving Average Convergence Divergence) chart shows reducing bearish momentum as its line gyrates closer to the zero level from below. LBLOCK/USD Medium-Term Trend: Bullish (5-minute chart) The 5-minute chart shows that the price has been bouncing on the $0.00246460 significant support level. However, the squeeze of the Bollinger Band around the candles speaks of the current silent nature of the market. This is the same situation on the 30-minute chart. There is a more positive outlook for the bulls on the MACD chart. Its lines have shifted from predominantly bearish to fluctuating around the zero level. If the market fails to drive up from this level, it will drop to a more substantial level below, at $0.00222220, which contains a bullish confluence. Whenever the market rises, it will aim to break the $0.00304100 resistance level. Source: https://learn2.trade
  13. REGAINS BULLISH MOMKey Resistance Levels: $1,900, $1,950, $2000 Key Support Levels: $1,750, $1, 700,$1,650 Gold (XAUUSD) Long-term Trend: Bearish Gold (XAUUSD) has been consolidating above $1,907 as it regains bullish momentum. XAUUSD is trading above the 50-day line moving average but below the 21-day line moving average. The market will trend when the moving average lines are breached. For instance, if the bears break below the 50-day line moving average, the downtrend will resume. The market will decline to the low of $1,844. On the upside, if the bulls break above the 21-day line moving average, Gold will rise to revisit the previous high of $2,040. However, the market will continue to consolidate if the range-bound levels remain unbroken. XAUUSD – Daily Chart Daily Chart Indicators Reading: Gold is at level 54 of the Relative Strength Index for period 14. It is now in the uptrend zone and capable of rising to the upside. The 21-day SMA and the 50-day SMA are sloping upward indicating the uptrend. The price bars are between the moving averages indicating the range-bound move. Gold (XAUUSD) Medium-term bias: Bullish On the 4-hour chart, the Gold price is in an upward move. The uptrend has been stuck below the $1,960 resistance zone. Meanwhile, on March 23 uptrend; a retraced candle body tested the 78.6% Fibonacci retracement level. The retracement indicates that Gold will rise but reverse at level 1.272 Fibonacci extension or $1,956. From the price action, Gold has retested the level 1.272 Fibonacci extension and reversed it. XAUUSD – 4 Hour Chart 4-hour Chart Indicators Reading XAUUSD is above the 80% range of the daily stochastic. Gold is likely to face rejection as the market reaches the overbought region. The 21-day SMA and the 50-day SMA are sloping upward indicating the downtrend. General Outlook for Gold (XAUUSD) Gold’s (XAUUSD) price is in a sideways trend as it regains bullish momentum. The uptrend is facing rejection at the $1,960 high. The price indicator has shown that Gold is in the overbought region of the market. There is the possibility of price fall. Source: https://learn2.trade
  14. WHY I’M BULLISH ON “HISTORICAL” NF In 2020, the global NFT market did about $338 million in transaction volume. In 2021, it surpassed $41 billion. Meanwhile, the global physical collectibles market, including trading cards, games, toys, coins, etc., is a $370 billion market. If history is any indication, when a physical market goes digital, it eventually grows even bigger than the traditional market. For example, the e-commerce market is already bigger than the physical retail market. The digital entertainment market is bigger than the physical entertainment market. NFTs are unique because they combine several lucrative markets into one. Art + Collectibles + Luxury Goods + Gaming + Gambling Added up, these markets represent a $1 trillion+ opportunity. That’s why some analysts predict the digital collectibles market could be at least twice as big as the physical collectibles market in less than ten years. And, looking out further, the broader NFT market — with potential use-cases for everything from event tickets to supply chain tracking — could become bigger than the Internet. In short, there’s room to grow. But, here’s a harsh truth: About 99% of the digital collectible NFTs that exist today will go to zero. (By the way, that’s what James and I said in 2017 about the ICO market. Fact check: true.) That’s why, when it comes to NFTs, I focus almost exclusively on a certain class of NFTs… those with historical value. Let me explain why, and tell you about the first NFT I bought in 2017. Life of a Nomad I’ve been writing about, studying, and engaging in the cryptosphere since about 2012-2013. In 2014, as part of this journey, I gave up my apartment and started living a nomadic lifestyle, writing, traveling, learning, and seeing the world. For about five years, I made homes everywhere. Bangkok to Brazil. Texas to Tijuana. Lithuania to Little Rock. Malaysia to… the magnetic meridian. All over. Everywhere I went, I sought out the crypto communities. (And they were around, even back then.) It was beautiful, but got lonely. After year three, I felt like a ghost floating around the world, watching others grow roots and forge lasting relationships. Of course, I’m grateful I was able to do it before everything shut down and was hurled into chaos. But the lifestyle alone was chaotic enough. To scratch the surface… I escaped packs of wild dogs in Bangkok and a wild-eyed stalker in Kuala Lumpur. I found myself at the center of a psychedelic renaissance in Prague… and hitchhiked on a mustachioed bus with a random group of Canadians all along the West Coast. But nothing prepared me for South America… and my first foray into NFTs. Build a Blockchain In 2017, on a whim, I ended up in Brazil. There, I signed up for an alternative academy called Exosphere, where you could take unconventional classes on things like “How to Live on Mars,” “Biohacking 101,” and “How to Build a Blockchain.” I helped to build a blockchain-based voting system for a small village in Chile. No idea if they used it, but it worked. (Upon completion, I screamed “It’s alive! It’s alive! Now I know what it feels like to be God!” as my hunchbacked assistant stared at it in wonder.) In 2017, you’ll recall, Venezuela was crumbling. Hyperinflation. Shortages. Violence. Chaos. It was all over the news, and during a time when toilet paper shortages seemed unprecedented. In the middle of this chaos, however, I caught wind of a tiny technology company getting rich in Venezuela… from art on the blockchain. Huh? Turns out, a small group of Venezuelans were minting their Pepe the frog digital art on the Bitcoin blockchain and making bank. But the Venezuelans didn’t call them NFTs. Nobody had heard of “NFTs” back then. They called them Rare Pepes. [By the way, here’s a bit of trivia: The term “NFT” was coined in 2017 by Dieter Shirley, co-creator of CryptoKitties, the first NFT collection on Ethereum.] The Rarest Pepe Intrigued, I tracked them down and got their story. Bitcoin and Rare Pepe memes saved their small digital arts business. In fact, they were one of a few companies left in their once-thriving business district. The ring leader, John Villar (who, unfortunately, passed away last year), convinced me that art on the blockchain had a future. I had a feeling. I bought the first card from the collection for about $250. I then got a cheap notebook (Frozen-themed, because, strangely, kid’s notebooks were all I could find in Brazil at the time), and wrote down the seed phrase. I’m glad I did because of what happened next. Disaster Strikes A couple of months later, after a series of mishaps, I landed in Guatemala. There, a 5,000 pound boulder crashed through the roof of the house I was living in. It landed in bed with me. Instead of dying, which seemed like the only plausible option at the time, I fell out of bed. But instead of hitting the upstairs bedroom floor, which also seemed likely, I opted for another unlikely scenario: I fell out of the house completely and landed in the backyard. (The boulder landed downstairs in the kitchen, hovering above me, held back by a few strands of rebar.) You can actually see my bed underneath it. Sounds crazy, but it felt like I was pulled out from that house. Saved. Lady luck wasn’t as generous to my laptop. Though it was in my lap during the crash, I later found it downstairs in the kitchen, hiding underneath the boulder. But you know what else did survive? That Frozen notebook with the seed phrase for the Rare Pepe card. Untouched. (Always write down your seed phrases! And maybe, for good luck, write them down in Frozen notebooks.) For years, I held onto the notebook, convinced that John Villar’s vision of art on the blockchain would one day come true. Fast-forward to 2021, NFTs went mainstream. Rare Pepes were quickly recognized as “historical” NFTs and the one I bought — Series 1 Card 1 — had already become highly coveted. Not missing a beat, I quickly sold that RarePepe for 111 ETH, or around $300,000. Historical NFTs All of this piqued my interest in “historical” NFTs. When it comes to “digital collectibles,” new NFTs are being minted every minute. Thousands come online every single day. The market is drowning in JPEGs. But if NFTs are indeed here to stay… Those with historical significance have the best chance at sticking around and seeing a dramatic appreciation in price. After all, the “historical” NFT supply is fixed. It will only decrease from here as wallets are forgotten and lost. Right now, the historical NFT projects are overlooked in favor of apes and derivatives of apes and derivatives of those apes. But I don’t think that will be the case for long. For now, it represents a huge opportunity for those with patience, conviction, and a little bit of luck. NB: By Chris Campbell Source: https://learn2.trade/why-im-bullish-on-historical-nfts
  15. Yahoo boys should be called thieves. Period. When you say someone is a Yahoo boy, you are simply embellishing their evil profession. “Aponle ni Mola, Hausa ni Hausa nje.” Meaning: Malam is an honorary word, Hausa is Hausa. “Adape oro ni omo mi nfewo.” Meaning: It is euphemistic to say my child is light-fingered. Yahoo involves impersonation, lies and pretense to obtain money or anything of values from unsuspecting victims. That is theft. So Yahoo boy is a euphemistic word. A thief is a thief. ONE Her boyfriend is a Yahoo boy. He just bought her an iPhone. – Wrong Her boyfriend is a thief. He just bought her an iPhone – Right. TWO Some Yahoo boys have bought cars for their mothers. – Wrong Some thieves have bought cars for their mothers – Right THREE How can I become a Yahoo boy? – Wrong How can I become a thief?” – Right About 5 Yahoo boys are doing rituals now. – Wrong FOUR About 5 thieves are doing rituals now. – Right Calling them Yahoo boys would make them feel they are special and doing something unique. Another better word is to call them an Internet thieves. Profits from games of knowledge: https://www.predictmag.com/
  16. ILVER (XAGUSD) PRICE IS STRUGGLING TO BREAK UP $25 RESISTANCE LEVEL SILVER Weekly Price Analysis – March 03 In case the bulls are able to increase their momentum and penetrate the resistance level at $25 with the daily candle close above it, then, the price may increase further to $26 and $27 price level. Should the bears defend the resistance level of $25, the support level at $24 may be penetrated and price may decrease to $23 and $22 levels. XAGUSD Market Key Levels: Resistance levels: $25, $26, $27 Support levels: $24, $23, $22 XAGUSD Long-term trend: Bullish On the long-term outlook, XAGUSD is bullish. Bulls dominate the Silver market started from February 04. The bulls push up the currency pair and the resistance levels of $21, $22 and $23 has turned to support levels. The white metal pulls back to retest the support level of $23 before bulls exert more pressure and the price increase to $25 level. There is tendency for the price to increase further this week if bulls exert more pressure. The price is trading above the 9 periods EMA and 21 periods EMA at a distance is an indication of bullish movement. In case the bulls are able to increase their momentum and penetrate the resistance level at $25 with the daily candle close above it, then, the price may increase further to $26 and $27 price level. Should the bears defend the resistance level of $25, the support level at $24 may be penetrated and price may decrease to $23 and $22 levels. The relative strength index period 14 is at 71 levels and the signal line bending up to indicate buy signal. XAGUSD Medium-term Trend: Bullish XAGUSD is bullish on the 4-hour chart. Last week, the bears’ momentum pushes the price from the $25 resistance level. The bulls’ pressure could not break up the level due to weak bullish momentum. The evening star candle pattern formed and the bears’ momentum increased and tested $23 level. At the moment, the price is inclining to break up $25 resistance level. Silver price is trading above the 9 periods EMA and 21 periods EMA. The Relative Strength Index period 14 is displaying a bullish market direction. Source: https://learn2.trade
  17. GOLD CONSOLIDATES ABOVE $1,907 AS IT REGAINS BULLISH MOMENTUM Key Resistance Levels: $1,900, $1,950, $2000 Key Support Levels: $1,750, $1, 700,$1,650 Gold (XAUUSD) Long-term Trend: Bearish Gold (XAUUSD) has been consolidating above $1,907 as it regains bullish momentum. XAUUSD is trading above the 50-day line moving average but below the 21-day line moving average. The market will trend when the moving average lines are breached. For instance, if the bears break below the 50-day line moving average, the downtrend will resume. The market will decline to the low of $1,844. On the upside, if the bulls break above the 21-day line moving average, Gold will rise to revisit the previous high of $2,040. However, the market will continue to consolidate if the range-bound levels remain unbroken. XAUUSD – Daily Chart Daily Chart Indicators Reading: Gold is at level 54 of the Relative Strength Index for period 14. It is now in the uptrend zone and capable of rising to the upside. The 21-day SMA and the 50-day SMA are sloping upward indicating the uptrend. The price bars are between the moving averages indicating the range-bound move. Gold (XAUUSD) Medium-term bias: Bullish On the 4-hour chart, the Gold price is in an upward move. The uptrend has been stuck below the $1,960 resistance zone. Meanwhile, on March 23 uptrend; a retraced candle body tested the 78.6% Fibonacci retracement level. The retracement indicates that Gold will rise but reverse at level 1.272 Fibonacci extension or $1,956. From the price action, Gold has retested the level 1.272 Fibonacci extension and reversed it. XAUUSD – 4 Hour Chart 4-hour Chart Indicators Reading XAUUSD is above the 80% range of the daily stochastic. Gold is likely to face rejection as the market reaches the overbought region. The 21-day SMA and the 50-day SMA are sloping upward indicating the downtrend. General Outlook for Gold (XAUUSD) Gold’s (XAUUSD) price is in a sideways trend as it regains bullish momentum. The uptrend is facing rejection at the $1,960 high. The price indicator has shown that Gold is in the overbought region of the market. There is the possibility of price fall. Source: https://learn2.trade
  18. Hi Traders: On a yearly basis, we choose a few of our loyal customers, and they become our Neteller VIPs. This year, we have selected new Neteller VIPs, to join our existing one. They are: Johnson Michael Temitope: This is our famous Mabelynene. He buys and sells Neteller constantly and he has been doing that for many years. We wish him the best in the years ahead. John Ndubuisi Nwankwo: This great guy (also known as PrinceJohn) doesn’t make calls, nor send email or nor IM. He’s best known as an SMS buyer. He simply sends us SMS whenever he needs Neteller and we fulfill his orders as soon as we can. He is one of our most consistent buyers. Olokuntoye Ibukun: Topechat is his handle. This is also one of our consistent buyers and sellers. He doesn’t buy Neteller only, as he also does Perfect Money (PM). He has referred customers to us, and we really appreciate him for that. NB: We now have a total of 26 VIPs in the house. Who are the OUR NETELLER VIPs? ITU GLOBAL VIP MEMBERS’ REWARDS Every calendar year, we choose 2 customers to become our VIPs. They have permanently special status with us and they can fund/withdraw Neteller through us, at parallel market rates, whether they open brokerage accounts through us or not. These are people who funded with the highest amount of Neteller, and who also withdrew the highest amount of Neteller through us. They would be announced in January each year and added to our list of VIPs. Their status is permanent. To fund and withdraw with Neteller, please visit: www.instantforex.com.ng
  19. Why 95% of traders fail? In this post, we will discuss the trader's road to success and why most of the traders give up at the halfway point. On the chart, I was trying to portray the journey of a trader: most of the traders start this game with gambling. They randomly buy and sell the market relying on their intuition and with a high degree of probability end up with nice cush.💰 However, as they proceed they realize that the profits that they made were the product of luck, not skill. 🍀 The more they trade, the less they win. At some moment losing trades start to outperform winners. Trying different things, jumping from one strategy to another, one comes to the conclusion that nothing seems to work.🙅‍♂️ He goes broke, he is panicking. At that stage, the majority blame the market for their failure. Forex, stocks, gold trading is complete scam. Making profits on the market is not possible. They give up and leave.👣 Only 5% are persistent. Only 5% are blaming themselves not the market for their failure. They start following a strict trading plan, they follow risk management recommendations of pro traders and at some moment they start making 0.📝 Buying and selling the market, at the end of the day, they don't lose anymore. That is the most important milestone in a trader's journey. Realizing that the one stopped losing, a trader starts polishing and improving his rules in order to achieve better results. He trains and works with his psyche.💪 After years of struggling, one finally contemplates a consistent account growth. He became a pro trader.🏆 I wish you to be persistent, traders and don't give up. Patience pay and at the end of the day winners win: https://www.tradingview.com/chart/BTCUSD/ZmLTunDW-The-Journey-of-a-Trader/?utm_source=Weekly&utm_medium=email&utm_campaign=TradingView+Weekly+151+%28EN%29 Profits from games of knowledge: https://www.predictmag.com/
  20. AUDUSD PRICE REACHES $0.755 RESISTANCE LEVEL, WHAT NEXT? AUDUSD Price Analysis – March 30 The breaking up of $0.755 level by the bulls may push the price to test the resistance level of $0.763 and $0.770. Failure to break up the $0.755 level may lead to price reversal movement towards the support level of $0.745, $0.731 and $0.717. AUD/USD Market Key levels: Resistance levels: $0.755, $0.763, $0.770 Support levels: $0.745, $0.731, $0.717 AUDUSD Long-term trend: Bullish On the daily chart, AUDUSD is bullish. The currency pair really follow the direction of double bottom chart pattern formed Last three weeks. The currency pair formed a double bottom chart pattern at the support level of $0.968. The bullish momentum in the daily chart increased and turned the former resistance levels of $0.731 and $0.745 to support levels. The price reaches the high of $0.7555 last week and started a consolidation movement. AUDUSD price is currently trading above the 9 periods EMA and 21 periods EMA which indicate that bulls’ momentum is increasing. The relative strength index period 14 is at 66 levels and the signal lines pointing up displaying bullish direction. The breaking up of $0.755 level by the bulls may push the price to test the resistance level of $0.763 and $0.770. Failure to break up the $0.755 level may lead to price reversal movement towards the support level of $0.745, $0.731 and $0.717. AUDUSD medium-term Trend: Bullish AUDUSD is bullish on the 4-hour chart. The sellers’ pressure was terminated at the support level of $0.717 on March 16. The bears’ pressure failed and the buyers gained more pressure to push up the price. The resistance level of $0.755 was tested last week after it penetrated $0.731 and $0.749 levels upside. AUDUSD is trading above the 9 periods EMA and 21 periods EMA. The relative strength index period 14 is at 62 levels and the signal lines pointing up to indicate a buy signal. Source: https://learn2.trade
  21. EUR/JPY REACHES AN OVERBOUGHT REGION, MAY FURTHER RISE TO LEVEL 136.16 Key Resistance Levels: 132.00, 133.00, 134.00 Key Support Levels: 129.00, 128.00, 126.00 EUR/JPY Price Long-term Trend: Bullish EUR/JPY pair has broken the previous overhead resistance and may further rise to level 136.16. The first uptrend retraced to the low of level 133.72 and commenced an upward move. Further upward move is unlikely as the market reaches the overbought region. In the first uptrend, EUR/JPY reached the overbought region at level 71 of the RSI but it fell to level 67. Buyers are still pushing the pair to the previous highs which may result in a fall. EUR/JPY – Daily Chart Daily Chart Indicators Reading: EUR/JPY is at level 69 of the Relative Strength Index for period 14. The currency pair is in the uptrend zone and it is resuming upward after the initial fall. The 21-day SMA and 50-day SMA are sloping horizontally indicating the sideways trend. EUR/JPY Medium-term Trend: Bullish On the 4- hour chart, the currency pair is in a smooth uptrend. The currency price has been making a series of higher highs and higher lows as the market reaches the high of level 134.64. The pair is likely to further rise if it breaks the resistance at level 134.74. Meanwhile, on March 22 uptrend; a retraced candle body tested the 50% Fibonacci retracement level. The retracement suggests that the EUR/JPY will rise to level 2.0 Fibonacci extension or level 136.15. EUR/JPY – 4 Hour Chart 4-Hour Chart Indicators Reading The pair is above the 80% range of the daily stochastic. EUR/JPY has reached the overbought region of the market. It appears the pair is likely to reach level 136.16. The moving averages are sloping upward indicating the uptrend. General Outlook for EUR/JPY EUR/JPY is in an upward move and may further rise to level 136.16. The downtrend will resume if the index fails to break level 134.74. Source: https://learn2.trade
  22. LITECOIN BREAKS ABOVE PREVIOUS HIGHS, MAY FACE REJECTION AT $140 Key Highlights LTC price revisits the resistance at $140 LTC/USD reaches an overbought region Litecoin (LTC) Current Statistics The current price: $120.91 Market Capitalization: $10,156,071,004 Trading Volume: $1,041,826,323 Major supply zones: $200, $220, $240 Major demand zones: $100, $80, $60 Litecoin (LTC) Price Analysis March 22, 2022 Litecoin’s (LTC) price is trading above the moving averages but may face rejection at $140. The cryptocurrency is trading in the overbought region of the market. Buyers are attempting to push the altcoin to the high of $140. On the upside, if price breaks the $140 resistance, Litecoin will rise to either $150 or $160 price levels. Conversely, if the altcoin faces rejection, the market will decline and resume a range-bound move between $115 and $140 price levels. In the overbought region, a further upward move is doubtful as sellers emerge to push prices down. LTC/USD – Daily Chart Litecoin (LTC) Technical Indicators Reading The altcoin is at level 61 of the Relative Strength Index for period 14. It indicates that the altcoin is in the uptrend zone and capable of a further upward move. The crypto’s price is above the moving average which ensures further upward movement of the cryptocurrency. Litecoin is above 80% area of the daily stochastic. It indicates that the market has reached an overbought region as sellers emerge to push prices. Conclusion On the 4- hour chart, Litecoin is making an upward move but may face rejection at $140. The uptrend has reached the overbought region of the market. Meanwhile, on March 20 uptrend; a retraced candle body tested the 38.2% Fibonacci retracement level. The retracement suggests that LTC will rise to level 2.618 Fibonacci extension or level $135.02 LTC/USD – 4 Hour Chart Source: https://learn2.trade
  23. CARDANO (ADA/USD) PRICE MAY BOUNCE AT SUPPORT LEVEL OF $0.75 ADA Price Analysis – March 22 In case there is an increase in the bulls’ momentum, $1.01 resistance level may be penetrated upside, then, price may increase further to $1.26 and $1.61 resistance levels. Bearish movement may commence towards the support levels at $0.75, $0.70 and $0.60 provided $1.01 level holds ADA/USD Market Key Levels: Resistance levels: $1.01, $1.26, $1.61 Support levels: $0.75, $0.70, $0.60 ADA/USD Long-term Trend: Ranging ADA/USD is ranging on the daily chart. The momentum of the bulls and that of the bears has been very low in the daily chart. This has led to the ranging of the price within the resistance level of $1.01 and support level of $0.75. It seems the bulls are trying to gain more pressure towards the resistance level of $1.01. Price may increase further as the bulls are preparing to dominate the market. Cardano is trading above the 9 periods EMA and the 21 periods EMA, as an evidence of an increase in the bulls’ pressure. In case there is an increase in the bulls’ momentum, $1.01 resistance level may be penetrated upside, then, price may increase further to $1.26 and $1.61 resistance levels. Bearish movement may commence towards the support levels at $0.75, $0.70 and $0.60 provided $1.01 level holds. The technical indicator Relative Strength Indicator is at 57 levels with the signal line pointing up indicate buy signal. ADA/USD Medium-term Trend: Ranging Cardano is on the ranging movement in the 4-hour chart. The support level of $0.75 holds and the bearish momentum could not break down the mentioned support level. The bulls’ momentum is gradually increasing towards the resistance level $1.01. Cardano market is currently experiencing a ranging movement within the $1.01 resistance level and $0.75 support level. The coin is awaiting a breakout. The price is trading above the 9 periods EMA and 21 periods EMA as a sign of increase of bulls’ momentum. The relative strength index period 14 is at 72 levels and the signal line exhibiting bullish direction. Source: https://learn2.trade
  24. THE EXIT OF A SUPER TRADER AND A WORLD-RENOWNED TRADING COACH DR. VAN K. THARP TURNS TO LIGHT “In loving memory of Van K. Tharp (1946 – 2022). A beloved leader who touched the lives of so many traders around the world.” – VTI Our hearts are heavy to share the news that Dr. Tharp, our beloved Van, has turned to light and passed to the other side. Dr. Van K. Tharp passed away from liver failure on Thursday, February 24, 2022, in Raleigh, North Carolina. His wife of nearly 30 years, Kala Tharp, was at his side. She has lovingly cared for Van during his illness which was first diagnosed in June of 2021. Dr. Tharp will be remembered for being among the world’s top trading coaches. He is a founding father of the trading psychology field. Van was also a trading concept innovator, a brilliant teacher, and a humble leader. He had a keen, creative mind and a singular ability to be authentic in each moment. Over the last 20 years, Van experienced a great spiritual awakening which profoundly influenced his life and he wanted to share those gifts with everyone. Van developed a deep trust for his Inner Guidance and came to believe that “God is everything in the universe”. Van would want us to remember that even in our apparent loss at the moment, we are all one with each other and we are one with the Divine. Van touched the lives of many people across the globe. People regularly sent him letters thanking him for helping them change their lives through his books, home study courses, and workshops. In the last few months, Van’s health challenges started becoming more obvious and he received an outpouring of love and appreciation from many. Who then, is Van Tharp? Professional Coach for Traders and Investors In the unique arena of professional trading coaches and consultants, Dr. Tharp stands out as an international leader in the industry. Helping others become the best trader or investor that they can be has been his mission since 1982. Dr. Tharp offers unique learning strategies, and his techniques for producing great traders are some of the most effective in the field. Over the years, Dr. Tharp has helped people overcome problems in areas of system development and trading psychology, and success related issues such as self-sabotage. He is the founder and president of the Van Tharp Institute, dedicated to offering high-quality educational products and services for traders and investors around the globe. While Dr. Tharp’s expertise is in the area of finance, his mission is to touch people in a way that changes them for the better. In his books, courses, and workshops, he uses the financial metaphor to do so. Dr. Tharp uses a combination of skills and education to fine-tune his strategies to coach, consult and teach traders and investors. He received his Ph.D. in psychology from the University of Oklahoma Health Science Center in 1975. He is a certified Master Practitioner of Neuro-Linguistic Programming (NLP), a Certified Master Time Line Therapist, a certified Modeler of NLP, and an Assistant Trainer of NLP. He has used his expertise in NLP to create the successful models of trading and investing upon which so much of his work is based. Dr. Tharp published the Market Mastery newsletter for over 10 years, and now publishes a weekly e-newsletter, Tharp’s Thoughts. Speaker and Presenter The Van Tharp Institute offers workshops year-round to help traders improve performance. In addition, Dr. Tharp has designed special seminars for banks and institutions and has presented these throughout the United States, as well as Paris, Italy, Singapore, Sydney, Melbourne, Venice, London, Vienna, Stockholm, Frankfurt, Nuremberg, Hungary, and numerous other places throughout the world. He has toured Asia as a guest speaker with Dow Jones and was the keynote speaker in 2011 at the largest investment conference in Poland. He has conducted workshops for floor traders at the CBOT, the CBOE, and the CME. He is also a regular speaker to a portfolio and hedge fund managers worldwide. He was a member of the distinguished Investment Advisory Panel of the prestigious Oxford Club-a rare honor only half dozen or so individuals have received. Dr. Tharp is also a highly rated guest speaker at expositions and conferences throughout the world. Van Books: 1. The Definitive Guide to Position Sizing Strategies: How to Evaluate Your System and Use Position Sizing to Meet Your Objectives, 2013 2. Trading Beyond the Matrix: The Red Pill for Traders and Investors, 2013 3. The Peak Performance Course for Traders and Investor, 1989 4. Super Trader: Make Consistent Profits in Good and Bad Markets, 2010 5. Trade Your Way to Financial Freedom, 2007 Some Memories of Van: “Dr. Van Tharp’s exit has been very painful for me. I came across him when I was contemplating quitting trading because I had hit a roadblock, a dead-end, and an impasse. I was 100% frustrated and I wanted to go do something else with my life. Then I came across Van in an old edition of TRADERS’ magazine, and I had a rude awakening. It dawned on me that there are successful traders, professional traders. What are they doing differently? Through Van, I realized that what they are doing differently fly in the face of conventional wisdom, plus what most traders like to do, as people tend to look for a solution to their problems in the wrong places and do the wrong things. Since then, I have hooked to Tharp’s teachings, formulas, thoughts, updates, and newsletters. This is the biggest factor that has helped me reach the top echelon of trading mastery. I gained a lot of life-saving and career-saving knowledge from Van, as well as tips on other markets and cryptos. I had the 3 most important trading coaches, as far as I’m concerned. I lost Joe Ross in September 2021. I lost Van Tharp in February 2022, and only James Altucher remains alive. The loss of Van Tharp is a wound that cannot heal on time… I will sorely miss him. However, I’m glad that he lived a successful and fulfilled life, and he impacted numerous lives. Truly, a man’s worth is measured only by what he gives others. The testimonies below are just a few from an outpouring of testimonies given when the news of his transition was broken.” – Azeez M. “Dear Van, I will be forever grateful to you for the profound changes you were able to create in so many people. You introduced me to the Red Pill and my life was changed forever (for the better, of course)! I joined your Super Trader program in 2013 and underwent many wonderful transformations. Your guidance was so helpful, and my happiness level soared. I have not been to Cary in over 3 years, but I still miss the love and spiritual energy that enveloped VTI. My heart goes out to my dear friend Kala and the VTI staff. I am so glad you will be carrying on Van’s mission!” – Susan P. “His books has a great impact on my decision-making. He was a risk management Guru. His contribution is priceless, always wanted to meet him but never got a chance. I am grateful for all the knowledge he has shared through his books and seminars. His work will be helpful for the generations to come…” – Mihir T. “I met Van in ’97 when he played the marble game at a workshop in Reno, Nv. His positive influence on me got me started on my path of personal development that has also spilled over to my wife and children. I still have a lot of work to do in my super trader journey. Van, Kala, RJ, past and present staff and all the other students that I have met at training over the years have all in some way helped me become a better person. The journey continues.” – Eugene C. “Thank you all for sharing your stories and experience. I am finding a lot of comfort and peace in all your stories. Nothing will give Van so much joy as listening and reading about all the lives he has touched. You all make him so proud. You are all the reason he did what he did. I told him one day please don’t die, and he said I don’t want to die but then death is all an illusion. He reminded me to always live in the present, do my gratitude meditation and live life. Van lived his life to the fullest every day. During his last days he could hardly walk but would seat and write his new book, he managed to write 4 chapters. It was his life story. He told me the liver cirrhosis was a blessing. There is not enough space to share my experiences with you here, but you all get the picture. Seeing all your responses I am so confident and humbled that Van Tharp’s legacy will live on through you all and all the amazing teachers Van has produced at VTI, RJ, Ken Long, Gabriel, and the list goes on. I will miss him dearly because living with him has been an adventure, you never know what to expect next, it is always full of surprises. He was the kindest, most generous, amazing man I will ever know. I feel so honored and humbled to have been his wife. He was a shy, simple and down-to-earth man. I will miss him so much. But he facilitated my growth to be a strong and independent woman. Will forever be grateful to this genius legend I shared 30 years with. He left me with a lot of tools, to help me continue to grow. Once again thank you all for generously sharing your stories.” – Kala Tharp (Van’s widow) Source: https://learn2.trade/the-exit-of-a-super-trader-and-a-world-renowned-trading-coach
  25. Infinite Regret = Infinite Opportunities It might be difficult to see at times, especially if you’re not currently a benefactor of these — but there is no shortage of incredible, life changing opportunities in the NFT space. Yeah it sucks if you aren’t minting projects that 100x, and are seeing everyone around you doing that. However the fact that there are projects returning such insane profits, is a very, very, very good thing. It means you are in roughly the right place, at roughly the right time. This is a numbers game. There is a huge amount of luck involved when it comes to investing in NFTs. Anyone that says otherwise is lying. There’s also a significant element of skill, and that is what we should focus on. Improving our ability to evaluate projects, to research them, to know what is likely to succeed and what isn’t, and then placing our bets accordingly — this is the way. Nobody can know for sure what projects will pop off. Nobody can know whether a project that has 10x’d will then go on to 100x, or whether it might crash to 0. The best we can do is make educated guesses, over and over and over again. As time goes on, if you do this, the odds will slant in your favour. This still does not guarantee success, but it guarantees you have a better chance of success. I’ve said this so many times before but it’s worth repeating so many more times, because I truly believe it: the only thing you need to do to thrive in this space, is to survive this space. If you go all in and spend your entire bankroll and rent money on a couple of projects that turn to dust, not only are you out that money, but you are out the opportunity cost of not being able to take advantage of all the future opportunities. If you go busto, it’s incredibly hard to recover — not only financially but also emotionally. This is why the #1 piece of advice I always give to newcomers to this space is to be patient. There is no shortage of opportunities and there is not going to be a shortage of opportunities, not any time soon at least. Don’t feel the need to rush in and FOMO into whatever hot project your favourite neighbourhood influencer is talking about, or what your friends are talking about. Take the time to really learn and understand this space, and the projects in it, and craft a bankroll management strategy that ensures your longevity (let alone your sanity). Sure, if you have a steady job and a tonne of disposable income and are okay losing a few thousand dollars by minting random projects then by all means — go ahead. Many of us cut our teeth this way, but by and large, we all lost thousands of dollars in the learning process. It was basically the cost of tuition. It’s a great learning experience, but it’s not feasible for most people. As it is, transacting on the Ethereum Mainnet is prohibitively expensive for 99% of the world or something. Consider other blockchains, and consider being patient and biding your time and money before jumping in and parting with your hard earned dollarydoos. Align your emotions with your actions, not with the outcomes I was a professional poker player for 15 years. For the most part, for most of my career the difference between the good players and the great players was not technical skill. It was psychological skill and mental fortitude. It was the ability to not tilt, to not play poorly, to not let your emotions rule your decision making. This is not an easy thing to do. At some point in my career I received “mental game coaching”. I learned a lot, but probably the single greatest takeaway which I still carry with me to this day is to try to align my emotions with my actions, and not the outcomes of my actions. This is because my actions are within my control, whatever happens beyond that is not. To continue the poker analogy: the goal is not to be happy when you make money and upset when you lose money. The goal is to be happy when you play well and upset when you play poorly. The goal is to be able to lose a tonne of money but feel fantastic knowing that you made good decisions and knowing that in the long run, if you continue to make good decisions, you are likely to come out ahead. You should also be able to make a tonne of money and not feel like you’re a genius and did everything right — if you played poorly, you should perhaps be a little upset, and critical, and think about what you could do differently next time, even if you came away a big winner…. Every project that I bought into, or passed over, presents opportunities to learn from. Make money or lose money, or make ‘not as much as you could have’, or ‘lose more than you should have’, these are things that are going to happen over and over and over and over and over again. These are things that are not really in our control. The decisions we make, and our reactions to the outcomes, these are within our control. It’s worth remembering that most people don’t talk about the dark side of this space. It might seem to be all GM, WAGMI, LOVE LOVE LOVE, MOON MOON MOON, etc — it really isn’t. We’re still largely communicating via social media, and we all know that people tend to show off their best side and hide their worst. So we end up comparing our worsts to other people’s bests, and thinking we’re doing something wrong and/or that there’s something wrong with us. We end up feeling the depths of infinite regret. There’s nothing wrong with you, or me. Know that we all go through feeling down and out about ourselves. Know that we all make mistakes, sometimes huge ones, and sometimes we don’t learn from them, and make the same mistakes again. The goal is not to never make mistakes — that’s impossible. The goal is actually quite simple. The goal is to be better today than you were yesterday, and to be better tomorrow still. It is utterly useless to compare yourself to anyone other than your previous self. It is utterly useless to dwell on things outside of your control. It is very hard not to, but it is useless. Life isn’t easy, it’s not meant to be easy. The NFT space moves at warp speed and amplifies everything. Days feel like weeks, weeks like months, months like years, and a year is a decade. It can be stressful. It can take its toll. It can be all consuming. Your job is to not be consumed by it; to not fall so deep into a pit that you can’t find your way out, and if you do fall in, to ask for help. There is no shame in asking for help, or for taking a break, or for quitting. If you find yourself in a hole, reach out to a friend. We’re largely a friendly bunch in this web3 NFT space and we all gotta support one another. Investing in NFTs is super interesting in that it’s simultaneously competitive while also being collaborative. Let’s lean into the collaborative side of things and try not to focus on the competitive side. Let’s also break any stigmas around talking about the dark side of NFTs. This is a mentally draining and demanding space, and it can really amplify any mental health difficulties a person might be going through (not to mention creating new ones). Let’s encourage open dialogue with a focus on bettering ourselves, and one another. Not to wallow in self pity (the most useless thing in the world), but to seek support and companionship, and help, and advice, and to navigate this insane space together and not alone. So much of this space revolves around money. That’s cool. Money is fun, it’s exciting. It lets us pay off debt. It lets us put food on the table and a roof over our heads. It lets us buy fun things. It lets us partake in more experience. It opens new doors and opportunities to be able to make more money. Making money can be addictive. It’s like a game. It’s fun when number go up. Some things are more important than money. Most things are more important than money. While the space is inevitably going to continue to revolve around money for a very long time, we should try our best to not have our personal lives also revolve around money. I know this is easy for me to say from my ivory tower, but I was not always wealthy. I am fortunate to have never been in poverty, but I have experienced most of the rest of the spectrum. Another comma, another zero, they do not grant fulfillment or true happiness. Family, friends, health, reputation. Living a good and virtuous life, being a good person, doing good things. Leaving the world a better place than you found it. This, to me, is what true wealth means. NFTs are great, money is great, but never forget that at the end of the day We are all stardust. Author: Seneca_33 Source: https://learn2.trade/the-thoughts-of-a-trading-maverick
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