Dogecoin, Safemoon, Shibu Inu, Pirate Moon…! So what next?
As a Crypto holder since 2017, it makes me chuckle how the general public only talks about these hype meme projects which don’t add any real-world value. These types of coins may help fill your pockets quickly but are quickly proving to give crypto space a bad name due to most people getting completely wrecked and turning others off crypto.
Recently, four good friends of mine expressed a sudden interest in Crypto after hearing about it in the news, their workmates, FOMO (fear of missing out), and so forth. The first thing they mentioned was DogeCoin! Red flags were also going off when one of them asked if they should buy Dogecoin now and hold it for 5 years. I wonder if Crypto newbies and the general public thinks like this? This is what motivated me to write this article.
Thanks to Elon Musk’s crazy tweets, Dogecoin has exploded via the Tik Tok communities attracting many degens. Sure, some millionaires are made, but most people get wrecked because they get in at the wrong time due to all the FOMO. I’ve lost a lot of respect for Elon and now put him in the same category as John McAfee in 2017 when he was constantly pumping up coins, probably for his benefit.
Anyway, back to my good mates – having been in the Crypto space since 2017, my advice was straightforward – WATCH CYPTO BANTER and execute the strategies they recommend.
Crypto Banter has the biggest Crypto community with over 250,000 Youtube subscribers (and growing), an average of 15k audience each show, and continues to change people’s lives every day. The show has reconfirmed my original intuition that Cypto will change the world for the better, and it’s only a matter of time. It’s like how the Internet started and you are at the party very early.
Table of Contents
My easy tips for riding the Crypto wave in 2022
If you don’t have time or are too lazy to watch this show (like my dear mates) then here is what I’ve learned so far about riding Crypto in 2021 (NOT FINANCIAL ADVICE!):
Don’t miss any episodes of Crypto Banter
Watch the Crypto Banter live shows or, at the least, the replays as soon as possible! It will change the way you think about crypto and probably your lives. Sheldon ‘The Sniper’ is an absolute legend who has gone through a hard life, found Crypto last year, became very successful, and now trying to help others do the same. Check out his full story below in this emotional but inspiring episode.
These guys are full of heart! I also love that they are genuine and not out to make any money (via sponsorships, affiliate marketing, etc.), and want to help others succeed with big money. Follow their strategies, and I’m confident you will grow your wealth over time.
They also research new projects and every Friday they bring the biggest Crypto enthusiasts to discuss coins, the current market, and predictions moving forward.
Read the Crypto cycle
Education and staying connected is the key to success in making big money in crypto. This includes reading the macroeconomic cycle (e.g. what is the inflation rate in the US, are they printing money, etc), the leverage in the market, and the BTC dominance chart. If you are too lazy like me, just listen to Ran the Man to help you play the crypto market smarter, not harder.
Buy the dips!
Buying the dips means only going shopping when the market is in the red. Never buy anything when the market is rising parabolically and everyone is aping in. Sheldon ‘The Sniper] shows you how to ride the market and maximize your gains. I’ve learned that it’s all about being patient and not fomo’ing in.
It’s best not to go by instinct and learn how to read the charts, even at a basic level. Sheldon ‘The Sniper’ even teaches you how to do it for free – check out the video below. There is a free course due to come out where Sheldon teaches you how to use Trading View and ride the Crypto market
Don’t sleep on your coins
Stop holding on for dear life (hodl) and start making your portfolio grow and don’t sleep on your coins when the bear market arrives. This is the mistake I made when Crypto crashed in 2018 until approximately a month and a half ago. Crypto Banter shows you how to take profits along the way and re-invest into coins that are due to go up.
Diversify your Crypto portfolio
Stop investing just in Bitcoin, Ethereum, or buying random coins, and diversify your portfolio that makes sense. Ran from Crypto Banter came up with these funky naming conventions to help people organize their crypto portfolios:
- Marriage coins (60%) – Your long-term coins that you will ride through thick and thin. My current picks: Bitcoin (BTC), Ethereum (ETH, Cardano (ADA), Solana (SOL), Chainlink (LINK), and Polkadot (DOT).
- Dating coins (40%) – You are currently getting to know these coins in the short to medium term, but you may end up committing to marry them if they are proving to be worthy. My picks: Binance Coin (BNB), Kusama (KSM), Matic, VeChain (VET), Theta (THETA), Chiliz (CHZ), Wink (WINK), Ripple (RP).
You can set this up easily via the Blockfolio app and connect to your exchanges if you prefer.
Research the fundamentals
Don’t just follow Youtubers, Twitter, Telegram groups, and other social media channels when aping into your coins. It’s crucial that you do your own research on what you’re buying into, what impact it will have on blockchain technology, its market cap, and future price prediction.
Pair up with BTC/ETH, not Sh*t coins when possible
I always use to look at the USD pairing on coins to determine how the market running. Since watching Crypto Banter, I have shifted my mindset to pair up your coin with Crypto gold like Bitcoin and Ethereum pairs so you can make more of these coins. I also have no doubt the USD and other ‘stable’ fiat currencies are sh*t currencies and will be unsustainable in the future. It is now a fact that most developed countries are printing their money to keep the economy afloat because of Covid, which is not sustainable. One of the most effective strategies I’ve learned is to pair up your coin with Crypto gold like Bitcoin and Ethereum pairs so you can make more of these. For example, if you are targetting to buy Cardano.
A lot can happen in the short-term
A week in Crypto can feel like a year in the stock market. Lots can happen in a week, so you need to be switched on and keep watching Cypto Banter. If you are in Australia (like I am), it’s difficult because it’s on at awkward times like 8 pm and 12 am. I’ve missed their shows a couple of times and regretted it because it was too late to jump on a trade. So if you are in less red-eye time zones, you have no excuse for watching this show.
Look out for new gems
Since 2017, I have not seen anyone like Ran who invests so much time into Crypto. He deep dives into upcoming projects, interviews their teams, provides in-depth project reports and information about participating in their Initial Dex Offerings (IDOs).
Unlike many other YouTubers, he does not accept any sponsorships. If Ran thinks a project will add value to the Blockchain, he will alert the community and do a deep dive. This is simply amazing! So it keeps it very easy for you to invest or not. Again it would help if you did your own research. Before investing in any new project, I highly recommend joining their Telegram group to get a feel for the project vision.
How to get started on your Crypto Journey
From my personal experience, the easiest way to get into Crypto if you live anywhere apart from the US is via Binance. It takes minutes to sign up, the security process is thorough, and has the lowest fees compared to exchanges like Coinbase. If you are in the US, I’ve heard an equally good one is Kucoin.com and Bittrex.
This is not financial advice – please do your own research before investing in cryptocurrencies.