- HODL, only patience makes millionaires.
- If coin is already up more than 200%, do not buy.
- Dips usually happen in weekends. If the coin was going strong through weekdays (or vice versa).
- Buy when coin is down 20-30%, not when it's going up.
- Smart investors hold for long. They think in years, not months.
- Look for ICO's where you get more tokens per dollar. Spend $1000 buying 10,000 each. If one hits $0.1, you win.
- This is important - see number of tokens of an ICO and corresponding market price of same number of tokens for other cryptos.
- For ICO - check if the amount is locked in escrow for a period of time or not.
- Network tokens are valuable. That's one of the reasons why cosmos sold out fast and Kyber has 50000 people on it's slack
- If market is going up, it will come down also, but to predict when that happens is the key.
- In the future, only few of the ICO's will survive(remember DIEM), make sure you know what to keep and what to sell. You need to keep an eye on the development team and see if their progress is acceptable.
- Use (offline) random string generator for passwords, then store passwords into a password manager program, back up password manager file in zero-knowledge cloud storage. This way you never type in your passwords even once.
- If you worry about price and not the tech, you'd only sell after declines and buy after growth.
- Investigate causatives, reading into price emotionally is like waiting for the newspaper reveal of a crime then calling the cops.
- The majority XRP(~75%) is held by one company, but not one person. It's centralized, don't invest in it.
- Do not insta trade. Trade when you're calm. Better to put sales on order and let it be executed. Check market depths before putting them on order. See how the coin behaved in several months. Don't day trade. Only do positional trading. Anything above 3x leverage is gambling.
- Also, Scared money don't make money.
- Good ICO traders, make money on others research, great one's research on their own. They research the founders, read their whitepaper, look at community support, look at long term vision.
- Eth took 3 years to reach 240$. Be patient!
- Don't ever buy a coin on day one release on exchange. Make it a rule for yourself unless the coin drops 75%.
- If you see a sell wall being broken, sell higher. ex - qrl
- It is a pity that most of the money made in ETH does not know what real utter failure looks like. Even the concept of a block chain might be overkill for most projects. Why does everything need to be on a block chain?
- There are some new youtube wannabes, who jumped on to hype and making videos about what coins to invest in. They have least idea about how this market works. Most of them will vanish with advent of near market.
- It's good idea to sell ICO tokens as soon as they hit the market. QRL was an exception, but every other ICO coin went down after first 2 days. Plan to re-enter later. Always do that.
- When margin trading, do cost averaging. Don't buy all at once. Increase/decrease margin position slowly.
- Avoid coins that have large total supply, they won't reach $1 easily.
- Never regret in taking profits. At the end it's only digital money unless you spend it.
Thursday, August 31, 2017
Some experiences with Blockchain Tech and crypto trading
Wednesday, May 25, 2011
Staring through the window
After staring some more through the window at the bare roads, a car passed by and those two stupid dogs started barking again. I got hold of an empty fanta bottle and took a shot at them. The aim was perfect and the barks become louder. Then a thought crossed my mind these dogs have the entire world to go and they still stay on the same corner. The same thing is happening to men of our time, they work like dogs, come home, feel the security that I’m doing great & there is no need to venture out from my area of specialization. They think same as those dogs i.e., what is the need to go around and see the world even if no one is stopping you.
With the passage of moonlight, the shadows from my 2nd floor window at no. 15, 3rd D cross dwindled into shades of square making me think shall I stare outside the window again or move aside my mind to think WHAT NEXT!!!
(Writer may be hallucinating after gulping two glasses of litchi juice at 2:30 in the morning).
Friday, October 19, 2007
My Tryst With Poetry
En dino ek bagabat si rehti hai.
Halaat aise bane hai doston ki
din begaane se aur raatein anjaani si lagti hai.
Ek phikr si rehti hai madhim roshni ke daaman mein,
Ek jikr si rehti hai en yaadon ke aangan mein.
Kya woh pal laut ke aayenge,
Kya phir iss sune mann mein panchi chah chahayenge.
En dino ek chahat si rehti hai...
En dino ek chahat si rehti hai..............
(This poetry is written by me on the night of system programming orals, things went badly in the morning and i'm feeling very lonely at night, and hence this from direct dil se).
Friday, July 20, 2007
Truth itself hides the Truth
Wednesday, May 2, 2007
Another Way of Life
So how should this be avoided. This is the question I'm asking myself from a long time which would pave the way for another way of life. Simple way is not to look for fame anywhere, just go on doing the work you like most, just go on for creativity. Competition creates malice sometimes. Don't compete with others, compete with yourself. You will eventually defeat those whom you compete with. Then with whom you will compete.
Take inspiration. When you are inspired by some great purpose, some extraordinary project, all your thoughts break their bonds: your mind transcends limitations, your consciousness expands in every direction and you find yourself in a new great and wonderful world. Dormant forces, faculties and talents become alive and you discover yourself to be a greater person you ever dreamed yourself to be. Great dreamers dreams are never fulfilled, they are always transcended. Let it be transcended.
There are no mistakes in life only lessons. There is no such thing such as negative experience, only opportunities to grow, learn and advance along the road of self mastery. From struggle comes strength. Even pain can be a wonderful teacher. Don't regret of anything you have done in your life, don't ever feel guilty about it. Though it may sound absurd but it will take you towards the another way of life.
(* With inputs from The monk who sold his Ferrari).
Tuesday, April 10, 2007
Ethical way of movies
and creativity which couldn't be found in any other field. Someone had said: you look for fame u lose your soul, if you look for creativity you will find it. And yes some people has achieved it, they had searched for creativity and they had made themselves immortal. They had looked beyond the path shown to them, they had looked beyond the things thought to them.When i had seen MATRIX, i thought how could some person can think so well. How could they define people with program, how could they correlate all of the world with a program which is used to keep human minds as slaves. How can someone even think of the extra ordinary brilliance in which things such as these have been correlated.
Tuesday, March 27, 2007
Essence of Thoughts
Is their any sense of pride left in this world. Do people still stand up to their dream or they just broke down in the middle like thousands others do every day to the system which takes them no where. Which marrs their soul of guilt for rest of their life, of which they only hate them self and go on to retain it even knowing that it is taking them away from reality. Do these people understand that they are not here to secure themselves from those around them but to let them free, to go with their mind, to do the things that were meant to be done, to take pleasure from the things that have been done by themselves like they take pleasure from the first ray of sunlight on mountain top or by watching the river going with them while sitting in a railway carriage or by sensing the act of goodness done upon them. Why people fake reality? Why cant they remain what they are? Why the things so inflammatory are going on this world? Why thoughts in my mind are coming so vigorously and then leaving it without any notice? Sometimes i get 100 different ideas in two minutes and even on one i couldn't work, and mind you all of them are great. Is this an innate or had i hit by a slight touch of megrim.
Still i want people to love me but want them not to be with me. I pride doing things alone but don't want to show aristocracy. I want to be a visionary but don't want to be known like one. I want others to wreck me but still i want to hold on. I want to be a socialite but still want to be away from others. Am i starting to become a philosophical predicament or am i a spiritual sinner. Perhaps a schizophrenic in the making.