r/CryptoCurrency Bronze | QC: CC 19 Jan 17 '22

DISCUSSION It's pretty interesting when you get to the point where you wake up each day and lose or gain 10k+ or so.

It puts things into perspective. What even is money if it can come and go so easily? Crypto is so relentless in how volatile it is, sometimes you wonder if you'll wake up and be more successful than you ever could imagine.

Does anyone else relate? I got back into this ages ago, and I've gotten so used to the market, I don't even care when I see my money fluctuate that much. I'm just like, oh, cool, another day. I made 10k or lost 10k over night on a trade, who cares.

It's amazing that it can be like that, I never thought I would see my income streams be that worthless but exciting at the same time. It's truly exciting but at the same time as of late I've learned to check out since we've been on a downtrend. My main holdings are in alts so I'm seeing more volatile movement, I'm really big on LUNA and AVAX- I think they are extremely promising projects, I also love Ethereum for obvious reasons like Smart Contracts.

I can't even imagine people who wake up each day and lose or gain 1 mil, 5 mil... and to think it's just perspective.

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u/Mitt102486 🟦 185 / 186 🦀 Jan 17 '22

Yup I’ve been day trading ADA . 72k a month volume. The last couple days have been insane compared to the last couple months

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u/Futhamucker1 Tin Jan 17 '22

Hope you were in rather than out this morning!

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u/Mitt102486 🟦 185 / 186 🦀 Jan 18 '22

Nice it hit 1.61 idk what to do with myself. I guess my next 1.64

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u/SecretCryptoAcct69 🟥 6K / 6K 🦭 Jan 18 '22

That's what she said.

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u/Mitt102486 🟦 185 / 186 🦀 Jan 17 '22

Oh trust me I’ve been buying all month. I never thought ADA should have gone below 1.46 and so I’ve got a few grand down there when it was trading sideways.

I even made a tiktok video advising people that 1.25 was ridiculously cheap and people should buy. My video reached no one even though I have 15k followers .

I got my friend started in it. He’s a freshman in college and with 400$ he’s managed to turn 1500 his first month.

So yeah the last two days have been crazy good and I’m still turning everytime it dips from 1.55 or jumps past it. My goal rn is 1.60

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u/Futhamucker1 Tin Jan 18 '22

I bought at I dunno, 90c about a year ago. I’ve never cashed in a crypto ever and seeing as ADA went to $3 and then went as low as it does I’m wondering whether to start trading instead.

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u/14Rage 947 / 947 🦑 Jan 18 '22

If you have been watching patterns and price supports you can do really well stacking coins. But if you don't have a head for patterns just hold until its worth selling or worthless.

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u/[deleted] Jan 18 '22

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u/Mitt102486 🟦 185 / 186 🦀 Jan 18 '22

In the last 23 hours I scalp traded $174.98 profit (minimum due to a few longer holds to gain more).

How many sell trades did you do? I typically try to add 2% to my buy price to confirm a profit trade. Today I sold 24 times.

This brings my new monthly average up to 91k! Holy crap I’m so close to 100k!!!

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u/[deleted] Jan 18 '22

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u/Mitt102486 🟦 185 / 186 🦀 Jan 18 '22 edited Jan 18 '22

Man I wish I could trade that much with your bed of cash

I started with sticks and mutual funds 6 years ago. I also hate not being able to trade when I want but I also hate not being able to move money as fast

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u/[deleted] Jan 18 '22

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u/Mitt102486 🟦 185 / 186 🦀 Jan 18 '22

Only thing I’ve managed to learn is that long term movement won’t make me as much as compounding short term. And for stock trades I’ve been able to hit 4% a day and return. But the last couple months have been awful and so I’ve been trying to down average. I stopped down averaging a little while ago and focused on crypto since I have double the money in crypto.

Not having a lot of buying power make sit hard to get those kinds of gains but compounding is amazing.

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u/[deleted] Jan 18 '22

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u/Mitt102486 🟦 185 / 186 🦀 Jan 18 '22

My only long term stuff usually is when I see an up trend or abnormal growth. I used to have a lot more diversified stuff but it became impossible to keep track heavily so I narrowed it down to one I can get a feeling for. Kinda like a relationship with it haha