Bonk Price Prediction as Latest Memecoin BONK Blasts Up 2000% in 5 Days – Is This the Next Shiba Inu
- Thread starter johnarb
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1 trillion takes 320 centuries to experience as seconds of time.
50 trillion is 16,000 centuries,... 16mil years
That takes us back to the Miocene epoch, first humans evolved 2 million years ago.
We've come so far.
Interesting to note, it's only been 66years between first flight of Wright Bro's and the Moon Landing.
Yet for some the earth is still flat.
How you doing during this crypto winter, Sprout? I saw a post you're not doing well and I'm sorry to hear (read) that
Bonk is a pump & dump, great for nimble traders, but not so much for the expert round-trippers like me. I put a position a couple of days ago and had near 100% profit within 24 hou only to sell for a couple of percentage points profit, lol
I round-tripped my 2-300% profits on Ethw and Ethw-defi coins to a loss, sigh...
Anyway, overall, finally achieved Zen with this bear market a few weeks ago. I did some deep thinking sessions and accepted a scenario where this crypto winter will last 2-5 years same with the stock market
I do think this is near the bottom level for btc in the same way $400 was near the bottom of 2014-2016 bear market and $5,000 in the 2018-2019 bear market
The good news is that we have a full blown defi nowadays. I leveraged a portion of my btc as collateral in defi and borrowed to invest in beaten-down defi crpytos. Getting some good yields as income
Bitcoin at $10K won't wipe me out, I'll just add more collateral. If Bitcoin hits $5K, still won't wipe me out, but of course before that I plan to make moves either to put some major leverage perp futures short positions to hedge
I'm taking opportunistic trades and positions here and there but as the lesson of round-tripping goes, I'm still struggling with it (i.e. Bonk position)
Best wishes, Sprout, this crypto winter will end then up only we'll make generational wealth on the next one, I'm sure of it. We just gotta survive this time
Burnt, toasted, fried, baked and left to rot on the wayside.
Got complacent and crushed on nifties, Luna and FTX.
Focused on psychological work, releasing trauma, healing pain body, meeting authentic self, etc.
Also diving into new paradigms, mostly a volume and price trader, now digging deep into the time and price relationship. I anticipate a trifecta by integrating these three components.
Getting back to my roots with ES and building up my account again.
Thanks for asking, how 'bout u?
1 bitcoin = 1 bitcoin
I went into hodl mode with 18 btc's, and with God's blessings, I still have 18 btc's but 3 btc's are converted to other crypto assets
Technically, I had some other cryptos aside from the 18 btc's, but the crypto winter has destroyed the value through trading/investing efforts fighting a losing battle with Fed induced horrible market conditions liquidity drain (iow, don't fight the Fed), I believe you can relate to what I'm saying
and technically risked 3 btc's on ethw ecosystem plays and some perp futures gambling, but got lucky with a play on short FTT perp futures, hence the end result is that the 18 btc's are intact
But this month marks the 2-year anniversary of my quitting my job and no salary and should I even say inflation is accelerating the spending of cash, so hodl mode needs "assistance" to be able to outlast the crypto winter
Enter defi yields, LP on ftm-boo (~20% APY), cake 1yr lock 50% APY, and some other ones on BSC and Fantom
nfa, imho Fantom and BSC are both growing in usage (saw a stat Fantom has the most number of wallets growth last year and BSC has more transaction usage than Ethereum)
Considered Arbitrum but went with the 2 above
tl;dr the defi yields will be to assist by cutting the cash burn-rate acting as "income"
Can btc go down to $10K, sure, can those tokens go down much more, sure, but only risking a small amount and using Venus bank to borrow at less than 1.5% APY (net net due to xvs emission borrow incentives)
and with the xvs staking, actually positive near double digit APY cost of capital net net income from the Venus bank
Anyway, boring stuff, using defi yields as income to offset some of the costs of waiting for the bull market
How are those yields sustainable? Isn't that how these various exchanges keep collapsing?
Good question. Regulated brokers in Canada will give you 4.24% to 4.5% yield on ETH and Sol. Any higher, and they are doing something (interesting) that regulators won't give them a license for.
Imho, they are not. The thing I learned about DeFi is that as new projects bootstrap liquidity, since they are at the headwaters, they are much like the initial offering of an IPO.
The stats on LP's at least the one's that make money is that they provide liquidity for a couple of days max or at least before the long bumpy ride downhill commences. The emissions are immediately sold. If there's a protocol that offers the token as a lend, then it's set up for short.
Borrow a stable, divide in half, use 1/2 to borrow on the DeFi token, pay down that debt as the DeFi token diminishes in value using the funds from the LP incentive.
What most retail does and I'm guilty of this is become seduced by the high apy and keep re-investing thinking they have the golden goose and that it'll become a set and forget source of generational wealth. This has not materialized, at least in the timeframe that I was in that market for. The narrative is compelling but there's always a new protocol that attracts the liquidity away and most retail is locked is a high apy narrative but when compared to the decrease in value of the base token, suffer significant erosion of capital.
I could be mistaken, it could be lousy timing, it could be the fed, whatever the reason is, the commonality is the battle cry of "hodl", "buy the dip", "having fun staying poor", "1 xxx = 1 xxx" or some derivative thereof.
Call me salty, like a mouthful of saltines in the dry desert with no water to be had.
When did you go into HODL? A year ago Dec you had 20 BTC, I thought you were in HODL mode then.
No, I went into hodl mode 15 btc, check my Crypto macro thread, in fact you and I had a discussion on the breakdown
The 3 btc's was after I sold bored ape, added to the hodl stash
edit: breakdown of the 15 btc plan survival to the next bull market. I'm hoping and praying to make it to the bull market. Survival is the number 1 rule
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