ionicXBT
patreon
9) Truth on finding 50x Altcoins.
🕑 Added 2022-12-16 19:41:16 +0000 UTCYou wonder how people find coins that do 1000% when there are OVER 1600 coins to choose from.
You see coins such as:
- Ripple (XRP) do 34,000%
- Binance (BNB) do 21,000%
- Stellar (XLM) do 32,000%
All you see is how people made money off coins whilst your coin doesn't move.
Then you wonder how these people do it.
These coins are possible to find you just have to think DIFFERENTLY.
-
-
Investing vs Gambling
If there is no strategy, no process, or plan when you buy crypto, you are GAMBLING.
You can not deny the fact that there are certain elements of FUN in crypto.
WHY?
Because it's easy to be a GAMBLER instead of an INVESTOR.
Your heart starts POUNDING when you're at a huge LOSS and the FEAR kicks in.
Then it can be REWARDING when you make a profit by releasing dopamine making you feel as if you are on TOP of the world.
The GREEN resembles happiness and joy whilst the RED makes you scared and creates fear.
Change your candlestick to black and white to remove the gambling aspect.
You need to have an investor's APPROACH.
An investor's approach is one with a STRATEGY.
Gamblers solely buy and HOPE, they buy when there are enough people to sell them FALSE REALITY.
This ends up horribly wrong and they ONLY SELL when the LOSS is UNBEARABLE.
You most likely know EXACTLY what I'm talking about.
-
-
Everyone would be rich if they knew.
When you ask influencers what coin they THINK is going to do a 50x.
People EXPECT a coin that has been hidden and is a holy grail to find.
A coin that no one knows about will pump.
The truth is they DON'T KNOW either.
Don't you think if they truly knew and were 100% certain then they would have put their whole net worth on that project?
All you can do is put a HIGH PROBABILITY on different coins you think will do well.
You see there's a reason why they SPREAD their BETS.
-
If you want to grow your SMALL portfolio, you CONCENTRATE.
If you want to steadily increase your LARGE portfolio, you SPREAD your bets.
Notice I did not say DIVERSIFY, why?
Diversification is a technique that REDUCES risk by allocating investments across various financial instruments, industries, and other categories.
You are not diversifying if you think you are spreading your capital just across different altcoins because If BTC falls then the whole market retraces.
HOWEVER, If you spread your money into FOREX or PRECIOUS METALS like gold then that is classed as 'diversifying'.
You are now MINIMISING losses by investing in DIFFERENT areas that would each react DIFFERENTLY to the SAME event.
That is DIVERSIFYING.
-
-
Use simple logic.
The higher the market cap the LOWER the risk.
The lower the market cap the HIGHER the risk
Projects that are already in the TOP 50 WON'T do a 50x.
They have already made the top of the ranks, so it’s likely they have already made their GAIN.
The 'Market Capitalization' which is how much the company is WORTH, is already too high and would require much MORE MONEY than normal for it to 50x again.
This is a LOW-RISK category and why many large funds stick with these projects because the project has already ESTABLISHED itself on the marketplace.
Now 'Low Capitalisation' coins have more room to GROW because the TOTAL VALUE of these companies is very LOW.
A coin’s low market cap indicates that it takes less money to push its price higher.
So why don't you just pick most of the Low Capitalisation coins?
Good question, But this comes with high risk because the value of the company is small.
It has not PROVEN itself yet.
The OPTIMUM place where you want to look is shown BELOW.
-
-
More likely to find dump projects.
When trying to find 50X coins you are more prone to falling into SCAM projects, HOW?
Because shit projects know you are looking for QUICK HIGH RETURNS and use that as a SELLING point.
You are entering the HIGH-RISK territory.
If you go on to the website and you see they are promoting high ROI or the community is suggesting that you don't MISS the boat (once-in-a-lifetime opportunity), be CAREFUL.
Remember real utility doesn't have to SELL itself.
A strong community is VITAL for a project, but that does not mean LURING people in.
With dump projects, you will often find community members sharing INSANE UNREALISTIC price targets.
They often have hundreds of thousands of FAKE followers in their telegram chat.
You can check if their fake by COMPARING the number of USERS they have in the group with how many are ONLINE.
If there are 100,00 participants and during peak hours there are only 73 online.
This is clear evidence that it has been MANIPULATED.
-
If you check their TWITTER page and see they have 80,000 followers but only get 20 LIKES on a recent post.
This is another sign that the growth is NOT ORGANIC.
The majority of people in that project are trying to absorb NEW market participants in order for them to SELL at a PROFIT.
-
-
You're often too late.
I'm sure you are probably aware if the majority of people are telling you to get in, it's often too LATE.
But let's go DEEPER.
If the coin is already on CENTRALISED EXCHANGES, it is NOT going to be a 50x project.
WHY?
Because they've already had the EXPOSURE needed to get LISTED on centralised exchanges.
Of course, there is every chance they can still do 2-5x, and that is good enough also, but people want to make the most out of a bull run.
You need to find them BEFORE it gets listed on CENTRALISED EXCHANGES.
-
What you need to do is LOOK at which LAYER 1 coins are PUMPING and buy into the projects in their ECOSYSTEM.
Especially coins that are listed on a SMALL exchange but have not yet been listed on a mainstream one such as BINANCE or KRAKEN.
My favourite are:
- KUCOIN
- GATE.IO
- ASCENDEX
Then once the coin lists on a Mainstream exchange, expect more MONEY INFLOW.
For example, when SOLANA was trending bullishly, the ecosystem which had plenty of low-cap coins was RALLYING.
These low-cap coins were already listed on KUCOIN, but months down the line they moved to BINANCE and prices continued to rally higher.
These are what you SHOULD HAVE had your eyes on.
In another post, I will show you how to use Metamask so you can connect to Dexes and allow yourself to buy these tokens even earlier.
Also, I will show you how to take part in a pre-sale, which will allow you to get the tokens before it's even out to the PUBLIC.
One step at a time!
-
-
If you don't have a strategy, you will fail.
Most people look at OTHER PEOPLE and see what they are PROFITING OFF and see if is there enough room for MORE growth.
That's a TERRIBLE strategy.
You have to take some RISK.
Buy into projects only a FEW PEOPLE are aware of, that's why I tell you to invest as you have LOST the money ALREADY.
NEVER go all-in into a crypto project!
Many of the altcoins you’re checking out WON'T last long so be willing to risk only what you can AFFORD to LOSE.
You’ll MINIMISE your losses and what’s more important, you’ll SLEEP BETTER.
-
Some characteristics to LOOK FOR:
- Needs to be WELL FUNDED. The BIGGER the Fund the better as it is more reputable. This will help ensure the continued development of the project. Also, These firms take a lot of TIME ANALYSING these projects so it sends a strong signal that the project is LEGIT and has a lot of growth POTENTIAL.
-
- STRONG Management, developers, and marketing department. This is a BUSINESS at the end of the day and it needs the proper leadership and technical skills to make it a SUCCESS.
-
- Does this cryptocurrency have the potential to DISRUPT an entire industry on a worldwide scale? The crypto project should always be INNOVATING and developing its ecosystem.
-
In the end,
THE MORE CONFLUENCE THE HIGHER THE PROBABILITY.
It is really about coins with solid fundamentals and believing them from their STARTUPS when there is LOW VOLUME and a LOW MARKET CAP up to when people start to NOTICE them
For me, the best thing to do is to follow the long-term trends, instead of the short-term hype.
Last year the sentiment was focused on Defi - which it still is today, followed by NFTs.
But where do you see the trend going in the NEXT BULL is the question?
PRIVACY, PLAY2EARN, LEARN2EARN, GAMING, METAVERSE.
These are trends, which are steadily GROWING, instead of hype.
A direction to which the market's attention will be drawn.
I will share soon my lists and reasons so you stay ahead of the game.
Be patient.
@ionicxbt
Comments
Well noted!
💎✅️
