$YAM https://coinmarketcap.com/currencies/yam/

orbit23 said:
Seems like Arthur just dumped on you
https://twitter.com/x/status/1293466414599172102

Protect your capital for your own good, before u lose all the gains
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I replied to you on the bitcoin thread. You keep advising me as if I don't have any experience in the markets, which is getting annoying :D

I've been through 2 bear markets in cryptos, I'm always thinking of what I can lose that is why the bulk of my portfolio is in "safe" less volatile crypto digital assets.

this was a less than 2% risk capital trade, remember risk-management.

Don't celebrate too much on my misfortune on this one trade as I'm losing more $-wise on my $BAL Balancer DeFi digital asset postion. $BAL is a conviction trade for me, hence the loss is slightly more, but I'm playing with DeFi profits on these 2 losers.

Anyway, we seem to be exchanging too many posts, so I think I'll stop responding to your posts so it doesn't appear like we're picking on each other. Happy trading to you.
 
Yeah i am just afraid it will blow off. But maybe that's a signal that the best has yet to come. Because usually the best comes just at the end. A blow-off top. It makes a very fast move up and then it blows.

I need to stop writing too :p Because for daytrading one really needs to be focused on the charts, as soon as your mind wanders u will get caught up in a bias or sth like this and u fuck urself.

Just now i literally bought the bottom of the dip, knew it was likely a bottom but i sold on the first bounce cuz i got bearishly biase and missed out on good money here. :confused::confused::confused:

F$k off now i am signing off too lol.

Balancer looks nice, i am not interested in investing but good that u brought it to my attention, i see FTX, okex and huobi all listed it, i will keep an eye on it if it presents some nice setups.
 
orbit23 said:
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Balancer looks nice, i am not interested in investing but good that u brought it to my attention, i see FTX, okex and huobi all listed it, i will keep an eye on it if it presents some nice setups.
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Hey, I'm genuinely curious as you mentioned you will be looking at the Balancer $BAL for trading setups. I don't have any charting skills, hence my inquiry on this post. Were you able to find any tradeable setups for the past 2 weeks on Balancer?

At the time of your post above, $BAL was around $17sh (went below $17 within 2 days), I was down over 33% on my first buy-in position $25'sh cost-basis (1000 coins), I DCA'ed at $19'sh which was also losing $ m2m (another 1000 coins).

Now 2 weeks later, the whole position (2000 coins) is positive m2m (currently $BAL is trading above $25.50/bal token), but I'm not cashing out as it's a conviction trade, I could hold it for a few months, no hurries to close the position, their market share of the DeFi DEX sector is on an accelerating growth cycle. I'm an FA trader.

Obligatory $YAM update since it's what the thread is all about. I'm no longer down over 90% m2m, as YAM developers are trying to resurrect the project from the dead. I'm only down about 80% m2m, lol. It could turn profitable, depending on how the YAM-from-the-dead v3 turns out. I threw another $1K before YAM v2.

For the uninitiated, YAM v1 had a smart contract bug. YAM v2 was a transitional placeholder smart contract token, you needed to migrate YAM v1 token to v2, through a process that mints YAM v1 to YAM v2 token, 10 v1's to 1 v2 token (not sure about the exact ratio but that's what it seemed like to me). YAM v3 smart contract will be coming out soon and it will turn the v2 1-to-1, I believe.
 
i looked at it twice back then but there was nothing really happening and a lot of coins were moving, then i lost the track of it it so i didn't trade it at all :p

If it's only going up though(trending), it's hard for me. Because i either have a good entry and i am riding it out, or there is not much for me to do. So in that aspect, in a bull run you are best off buying right and sitting tight.
 
orbit23 said:
i looked at it twice back then but there was nothing really happening and a lot of coins were moving, then i lost the track of it it so i didn't trade it at all :p

If it's only going up though(trending), it's hard for me. Because i either have a good entry and i am riding it out, or there is not much for me to do. So in that aspect, in a bull run you are best off buying right and sitting tight.
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Yea, agree with you at that time, it was pretty much dead money, and was trending down, I know it went below $17, could very well have gone below $15 intraday on a spike down.

The upward moves came within the pat 6 days and was choppy, I have the advantage of having no plans to sell otherwise, could have easily been shaken out.

$BAL is trading above $34 currently but I think it would be extremely difficult to trade it as it's got some violent moves that comes out of nowhere, I was looking at it earlier it was above $36.

Anyway, I still have no plans to sell, fundamentals-wise, Balancer surpassed Curve as the number 1 DEX in $ TVL today or yesterday. DeFi crypto sector is still growing tremendously now at $9B TVL

https://defipulse.com/
 
Just an update on YAM:

I've written off the $fiveFigures worth of investment that crashed over 90% after the bug in the smartcontract code, but today, my YAM v2 tokens are worth over 80% of the original investments and when YAM v3 comes out, will give me "bonus" coins as I was a participant in the delegation process to "save the YAM project" and the snapshot has my YAM wallet address.

TL;DR, I can sell all my YAM v2's today and get about 80% of my original risk capital, and wait for the bonus possibly recoup all my original risk capital investment, this after what looked like a dead project 2 weeks ago. I won't do it though, coz I'm a (DeFi) degen...
 
YAM update:

My YAM v2 holdings are now worth the same as original risk-capital and DCA ($10K and $1K DCA). YAM v3 is not coming out until a couple of weeks from now so I think YAM is going up because of momentum and DeFi hype.
 
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