Crypto Series Episode 21: Monthly Update on XLM Transfers and Current Holdings
Overview
In this episode, we explore the latest updates in the crypto world, focusing on transferring XLM between wallets, current holdings, and new crypto purchases. We also discuss the implications of XRP's SEC issues and introduce XLM as a viable alternative for transactions.
Key Points
- Disclaimer: The content is based on personal experiences and is not financial advice. Viewers are encouraged to do their own research.
- XRP Issues: Due to SEC regulations, XRP transactions have been halted on several exchanges, prompting a search for alternatives.
- XLM as an Alternative: XLM (Stellar Lumens) is highlighted as a fast and cost-effective alternative for transferring funds between wallets, with minimal fees and quick transaction times. For those new to cryptocurrency, check out our Comprehensive Guide to Buying Cryptocurrency: Coinbase and WazirX Demo for more information on how to get started.
- Demo of Transfers: A live demonstration of transferring XLM from WazirX to Coinbase and Bitru, showcasing the low fees and speed of transactions.
- Coinbase Proof of Stake Rewards: Discussion on how Coinbase offers staking rewards for certain cryptocurrencies, including Algorand and Cosmos, providing users with daily interest. For insights on other cryptocurrencies, see our Cryptocurrency Investment Insights: Analyzing Beltex, Tron, and Dogecoin.
- Current Holdings: An overview of the speaker's current crypto portfolio, including recent purchases and performance of various cryptocurrencies.
- Future Expectations: Insights into price targets for various cryptocurrencies and the potential impact of upcoming events, such as the mainnet launch for CRO (Crypto.com).
FAQs
-
What is XLM and why is it recommended?
XLM, or Stellar Lumens, is a cryptocurrency designed for fast and low-cost transactions, making it a suitable alternative for transferring funds between wallets. -
How can I transfer XLM between wallets?
You can transfer XLM by using the wallet addresses and memo tags provided by the exchanges, ensuring minimal fees and quick transaction times. -
What are the staking rewards available on Coinbase?
Coinbase offers staking rewards for cryptocurrencies like Algorand (6%), Cosmos (5%), and Tezos (4.63%), allowing users to earn interest on their holdings. -
What should I consider before investing in cryptocurrencies?
Always conduct thorough research, understand the risks involved, and consider starting with small investments to mitigate potential losses. -
What is the significance of the CRO mainnet launch?
The CRO mainnet launch is expected to reduce the total supply of CRO, potentially increasing its value and decentralizing the currency further. -
How can I track my crypto investments?
Regularly monitor your investments through exchange platforms and keep updated with market trends and news related to the cryptocurrencies you hold. -
What is the best strategy for investing in cryptocurrencies?
Consider investing in smaller chunks to average down your costs, and take profits when your investments perform well to secure gains.
hello everyone uh today is episode 21 in the crypto series mainly we'll be looking at uh some of
the updates that have been promising like how to transfer xlm from from one wallet to another wallet
and then also what are my current holdings and what are the new cryptos that i
bought for people who've been following me on twitter i've been posting constant updates but
uh in youtube i kind of make a monthly update so today is like a monthly update and uh i posted
this tamil version of this video about 10 days back and unfortunately i haven't found time to
make the english version so the prices have moved on a bit but you can still look at you know what
what prices i had updated about 10 days back and what it has meant to so i'll update probably some
of the price fluctuations in the last 10 days as well when we get to that point so let's get into the video so um
again you know like like always i prepared a presentation which kind of explains what uh what
we're going to be talking about and first thing is the disclaimer like i always say that i'm a i'm not a
financial advisor i'm not a investment expert my videos are not for financial advice
and these are basically my personal experiences and the process that i've learned um you know when i was learning
this this concept you know it was i was looking for videos which had a simple explanation of some of these
concepts and that's what i've been sharing over the last few months basically so
it's only for learning so do your own research and take your own decisions make sure to watch my episode 1 and
episode 2 in terms of the volatility in crypto investments and make sure that you
understand the risk before you invest your money and always start small don't put a lot of money into it
and the agenda for today is obviously xrp we spoke about uh a few episodes ago that there is an sec
issue with wherein that xrp transactions have been stopped in certain cryptos like coinbase uh is not allowing
you for example to transact in in xrp in some countries especially if in u.s many of the us
exchanges have stopped it so as an alternative we'll be looking at uh you know what is what else can we use
instead of xrp and we'll transfer from wazirex to coinbase to bid true and show
us the demo and in coinbase there is a feature called proof of stake rewards which is also
giving a daily interest like bitro so we'll be looking at a demo a real demo of how to use that functionality
and what are the benefits and again you know what are the cryptos that uh i'm currently holding what are
my new crypto buys that's the main purpose of this video one uh
update that i would like to give is regarding cro uh in the crypto.com native currency or the
exchange currency is cro they're going to launch a main net why is it special and we'll just briefly
talk about it and then you know we will explain more in detail in the next video but we'll briefly talk
about why the main net launch is a big event and again you know finally what is my
current price target for all the cryptos that i'm holding what's my exit plan or what is what is
my uh price that i think i will be exiting at in in most of these cryptos how long am
i prepared to hold them for that's going to be the agenda of the video uh xrp alternative so xrp
has come under a legal issue with scc i explained it in episode 16 where many of the us-based crypto
exchanges have actually stopped or halted trading on the xrp so even if you transfer it from one
exchange to another exchange they do allow withdraw and deposit but you can't transfer it the reason we
used xrp was because in episode three in episode four in episode 10 you were using xrp to
transfer from indian exchanges like wazir x to coinbase and so on because they were easy to transfer they
were fast to transfer they lived on a different non-erc20 blockchain so they were really fast to transfer and
there was a low fees in terms of the crypto like for example if you are transferring usdt uh to transfer like
fifty dollars you'll be paying like ten dollars of uh of transfer fees so to avoid that we
need to look for something that is faster to transfer and also cheaper to transfer so that is
why we were using xrp because it was one of the uh it had a stable uh value
even though it was not a stable currency it had a stable value and lived in its own blockchain
and it was very easy to transfer and it was very faster to transfer so when we were doing the demo of episode 3
for example we were transferring it from wazirex to coinbase or from any crypto exchange that we'd be
talking about using xrp for that matter so the alternative
is called xlm stellar lumens you would have heard about it you would have seen it in coinbase
stellar lumens xlm was built for global payments so it is really really fast and uh most of the time the xlm
transfer will be completed in like you know 15 20 seconds or less than a minute in max to max
and it's one of the fastest transfer cryptos basically available out there and one of the cheapest cryptos to
transfer from one blockchain to another blockchain or one wallet to another wallet for that
matter and i hold a small portion of xlm most of the time in my portfolio because you know of these frequent
transfers that i took from one exchange to another exchange so currently it is sitting at i mean when i
made the video it was sitting at around roughly about you know 50 cents point five dollars and then it
was about you know in indian rupees it was about 37 rupees i would say so excellent
again the reason why we've chosen it is because we've spoken about five exchanges wazirex for india specifically
coinbase bitro crypto.com and binance we've given a brief demo of
all of these exchanges these are the five exchanges that are commonly used and
and used most of the time and xlm is available and tradable in all of these exchanges you are able
to withdraw and deposit in all of these exchanges that was the main reason why i'm suggesting xlm as an
alternative xlm was roughly you know five six months back it was about seven
cents and now almost 500 percent it has jumped to about you know 50 cents that's the that's the biggest
jump so here's our demo so this is wazirex again to buy it uh you can basically buy
like two xlm three xlm also so ninety rupees i'm buying 2.6 xlm here and it gets
bought like this and if i want to withdraw it i am trying to withdraw the 2.6 xlm that
i just bought and in coinbase if i go to xlm for example xlm again has two
addresses it has got an address and a memo excel memo like how xrp had an address
under tag so make sure that you use both the address and the memo if you forget it
you will probably end up losing your crypto so make sure that you put your address as well as your memo so when i
try to withdraw it is giving me the minimal withdrawal thesis about 25 so i am going to withdraw 25xlm here and
get the authenticator app and put the authentication code and you can see that it has sent me an email for confirmation
once i click on the confirm it is about 6 58 pm in the in the night and within a few seconds 6 58 p.m it has
got transferred into my coinbase account and 0.05 was the uh fees that it it got now i'm going to
transfer from coinbase into wazirex so in coinbase though i can transfer like even one pound i can
transfer like you know a very very small amount three xlm i am transferring
coinbase has zero xlm fees network fees is also zero so even when transferred from 10x to
coinbase it was 0.05 xlr here the transfer phase is even uh lower it is actually
zero so from coinbase to version x you can actually transfer the crypto for free
between coinbase and uh vrx using xlm as your cryptocurrency so again i'm transferring it roughly
around seven o'clock in the night and seven o'clock in the night immediately i get it confirmed into
verzerex bit true i'll just again show you how much the fees is
here again the 30 xlm is the minimum withdrawal that they are showing and the fees is slightly higher here
it's about 0.1 xlr this is the highest that we have seen in terms of the fees
for all of these three cryptos that we saw so the deposit in withdrawal you seen
that it is about literally one minute and the fees is about very very low it's about three
rupees in bitro about 1.5 rupees in versiox and it's free in coinbase so even at the
highest exchange highest rate it is about three rupees right now with regards to the
fees when you compare it with ethereum or whether compared to the usd where it is like you know
500 rupees 600 rupees just to transfer from one exchange to another exchange this piece is the lowest fees and like i
said it is supported in all the major exchanges like wazirex coinbase
crypto.com bit true and binance that is one of the reasons why we are suggesting it so now let's talk
about the coinbase proof of stake interest so in episode 10
we saw how bitru gives you the daily interest rate best daily interest rate for most of the cryptos like for example
link it gives you like nearly five percent six percent and a lot of cryptos it was
giving roughly around seven percent um daily interest if you uh are able to put it into their power piggy scheme so
bitro has the widest range it's also the safest this is why we suggested it in episode 10
so a detailed demo of it um a lot of people don't know that in coinbase also it has got us taking interest for
a few of the cryptos and it's a decent reward actually and one of the reasons to hold a crypto
in exchange like coinbase or bitro is because in wazirex or in many of the indian exchanges if
you keep it there is no staking interest or there is no interest that you get out of it
it is just held as a wallet right now so in these exchanges in coinbase and bit true in
in many of exchanges there is a staking interest but obviously we need to go for the
safer wallet or the safer exchange which is why we always stick to one of the popular ones or the most popular
ones and in coinbase we have not spoken about the staking interest which is what we
are going to see today so the reason why they give this interest is obviously because of
proof of stake interest so there is there are two cons proof of work and proof of stake
technically we'll explain about what it is but proof of stake is basically a reward mechanic mechanism like a mining
mechanism where by just holding the crypto uh the validator nodes get
a reward so coinbase act as a validator node using our crypto and because they are
getting that proof of stake mining reward from the blockchain they are sharing that reward
with us in terms of us taking interest that's what happens
technically how that proof of stake works how the proof of how is different from proof of work we
will explain it in a different video because it's too technical for now all you need to
understand is that if you hold your crypto with coinbase they are going to give you
a daily interest or they are going to calculate as taking interest what are the cryptos they are giving us
taking interest right so there are four cryptos currently in coinbase which are giving proof of stake interest
algorand which is six percent cosmos is the atom which is five percent tessa's xtc which is four point six
three percent and die die is a stable currency and they are giving two percent interest even on a
stable currency for that matter so we will not be looking theoretically alone i'll show you a live
example in my coinbase account you can actually see in my coinbase account all of this is listed
in the rewards section and you can see die is two percent bezos if you click on it if you click on
that question mark icon you can see that it's four point six three percent annual percentage yield
so apy is annual percentage but they're giving you calculating it on a daily basis
and they'll give an appropriate prorated reward um and and that is probably seven days or
sometimes it's it's more but algorithm is again six per six uh percent and
here you can see that it is actually calculating on a per second basis it is calculating the lifetime reward
based on how much algorithm you have and that is what is fascinating so uh even though it is in the fifth
decimal point or the sixth decimal point the the the practicality of it get calculating every second because of a
six percent annual percentage yield it's fascinating to watch when you're
when you're shown on screen that it's it's the the decimal of the successful is moving
almost on a per second or a per minute basis and again atom is about five percent uh
uh interest in in coinbase so it could vary from exchange to exchange but here
uh you can see that you know in real time you can actually see that the the percentage is moving or the or the
reward value is moving and it's like a timer that is actually going on but in reality it is not a timer it is a
it is a dollar value or a pound value that is increasing on a minute by minute second by second basis
you can take a closer look at how the values are increasing almost you know on a per second basis it's just
going like a timer like i said even though it's in the fifth or sixth decimal point it's just
fascinating to watch the rewards perspective so important point to notice that
algorithm has also gone in from about you know roughly 30 cents to about one point six dollars it went up
on nearly about five for five times and algebra and again they're promising that as a blockchain they're promising
under four points like five seconds of transfer there's no waiting and wondering is not even like you know
ten seconds or less than a minute 4.5 seconds is what they're offering because they have their own mainnet and
they have their own blockchain they're not using erc20 or any other blockchain now
um if algorithm is so fast and so cheap why are we using xlm right because in verzerex for example algoland is
listed as a rapid listing initiative which means that you can't deposit or
withdraw into some of the exchanges yet but if we have to use algorand to withdraw for example in coinbase you can
see that where xlm was free the network charges for algorand is still point zero zero to
pen which is four pence nearly four rupees but roughly um again you know when we
saw that xlm was uh was literally free in coinbase why do we want to
uh use that four rupees even for that matter right that's why we don't use algorithm
now let's look at uh the cryptos that we've been talking about in the last six months in my
episodes right from episode two till uh today and some of these have been mentioned in uh
in twitter um some of you have been mentioned in episode seven and eight especially the
the cro and um again whatever i mentioned in twitter the the grp graph protocol ing injective
protocol skl to scale protocol again all of them i think
in one of the videos have mentioned it especially grt i mentioned it in my episode 15 as well injected protocol
also uh i think we mentioned it couple of uh episodes ago but
most of these cryptos lincolns are up and everything they perform phenomenally well in the
last you know four months or three to four months specifically right and from the time
that we made the videos we started making these videos in september and october
from the time that we made the videos from the lowest price point till the highest price point in the last
four or five months especially in february was the peak for many of these cryptos
and and almost five or six out of these cryptos made nearly touched about 600 percent
you know 700 so roughly if you put 10 000 rupees you would be looking at 70 000 rupees in
profit total value and grt actually surprised uh
me when we were making the episode 15 if people had watched episode 15 they'll remember that i was
actually trading on grt on a daily basis on the day that it got launched in coinbase and after 250 pounds i have
left about nearly 250 pounds worth of crypto in coinbase itself because i was making
the video and i stopped trading at that point because i had to switch to the video
making process on that day so i was showing it as a demo and i left uh a lot of grt in in coinbase
just because you know i had to do that episode 15 during that point of time and in in feb uh a few weeks after i had
made that video it kind of went up nearly thousand percent uh in a very very short span of
time nearly 10 times it just shot up literally so
phenomenal cryptos if you if you had invested 10 000 rupees in grt for example you
would have made like almost one lakh in a in a matter of you know uh six to eight weeks and
that that kind of turnaround that kind of volatility is only possible in crypto obviously we spoke about it
in episode one and episode two that comes with obviously the risk as well but now that these cryptos are doing
phenomenally well make sure that you realize your profits you take out your profits
and that is important you can't be just sitting on paper profits alone and watching it grow a lot of people who
would have invested in the last four or five months after watching my videos you would have
definitely made at least 200 to 300 profit in at least one of these cryptos if you
had held on to the crypto for nearly three months and you would have seen these
cryptos grow you know like zap for example and it's gone about 600 percent from the time
that we posted the video about less than four rupees five rupees and now it's sitting at around 25 rupees
roughly and in fact it has now increased even further as well so
the point is uh once you've got that 200 300 percent take out some of your profits and keep your profits
aside and and the rest of it whatever happens from the point of time rate you can hold on to it uh from that point
onwards but what am i doing you know what is my uh take on
on these uh cryptos right now we'll be taking a look at it but before that uh um i want to specifically talk about cro
so the crypto.com is uh was one crypto that hadn't done uh for the last few weeks it hadn't done
that well in fact when i introduced it in episode seven and eight i kept saying that you know they had
reduced the interest rates and it's it's probably going to stay low for a while and it did stay on low for a while but
the last few days has been phenomenal for this coin where it's all again gone up by nearly 400
percent the reason is they did something that was unprecedented in the crypto industry
where they did a 70 billion coin burn that they had done so originally they
had about 100 billion total supply of available supply was 25 billion and 75 billion was held by
crypto.com so there was always there as a thing and it was never truly decentralized like
xrp right where they have an escrow account where 55 billion or more than 55 billion is
held by xrp and they released every month or every few days they release one billion into
the market this was always making it not truly decentralized because crypto.com was holding on to it
the advantage of cr was obviously mainly the syndication and cards taking benefits like i've explained in seven
and eight as i said i wasn't expecting this to grow uh a lot
but crypto.com uh the cro unlike many other cryptos don't have their own main net
and they piggyback on the ethereum blockchain erc20 protocol which many many cryptos do link zap you
know many cryptos do we'll talk about it later but this is all going to change with the
main net launch and with the 70 billion cro bond that's going to happen
and this means that um the total available supply is going to come down and we all know what available supply
does to the coin we spoke about in episode one in episode two so we'll specifically
talk about you know why this is important and and what uh it's going to do to the
the crypto.com ecosystem and the cro currency and why 25th of march is a date where we
need to remember because that's the date when the uh crypto.com mainnet is going to launch
so we'll make a separate video for it because it's a very detailed topic what have i done to the portfolio and
what's my uh current portfolio looking like so uh fvt and storej have obviously sold out
by now and whatever i didn't obviously make like 600 profit maybe you know at some point of
time when i was in good profits i had sold it out band i have sold out i've almost sold
out uh adam i sold it and i kind of free took a position but it's a very very small position
engine coin phenomenally has done well you know by the time i posted this video it was it was a
0.476 now it is sitting at more than a pound actually so it is it is almost more than 100
rupees you know when i posted the video uh back in september it was roughly around eight rupees nine rupees
now it is almost more than you know 120 rupees 130 rupees actually it is done phenomenally well uh in the last few
days and so it's it's in fact it's about thousand five hundred percent roughly in the last six months it's one of the
uh highest performing coins out of my uh all the coins that i had suggested about so it's done phenomenally well but
um like i said a few days back i almost sold it out because i made enough profits out of
it and i was happy but obviously uh with the recent profits have completely sold out because you
know this exceeded almost thousand five hundred percent for me profit-wise
and like i always say that right you know i take my profits out but i i'm happy with the profits that i've got
so from roughly about eight rupees to it's it's crossed about 100 rupees for me in terms of my investment
so i had taken it out um which means that it it now means that my top five is made up
of zap which is my highest portfolio right now link and injector protocol injector
protocol is almost inching towards my number two position cro because of the recent jump because i
had a lot of it it's actually crashed into my top five uh scale protocol we talked about this
so scale is basically an elastic web protocol where they are making accelerators for the other
products which is which is quite new in in the market where you
you're making accelerated components for other products to implement their versions of it they can
it's like a um it's if people know it's like a you know small confidence that you can buy
and instead of rebuilding everything you can take some confidence from scale that's what scale is doing
grp is the indexing protocol that we spoke about in episode 15. it's very very unique in
terms of its positioning because there's so much data and blockchain and there's not much
indexing protocols out there and grt is doing that which is why it is almost in my top six right now and
that is another reason it's in my top five top six is because of the phenomena near thousand percent increase that it
has had lrc is also in my top ten lrc uh looping protocol again uh it's one of
the layer two protocols of ethereum and we'll speak about it when we speak about
liquidity mining and and why layer two in ethereum is important i'll
in fact do a demo on defy and that time i'll explain about the looping in much more detail
what's my current strategy so these are my top 10 cryptos right now i've sold out of
a few and i'm almost about to sell out of you what are the coins that i'm actually going to keep and what's my
expectation people will keep asking me this question so
zap link injective cro scale and grp that's what i'm going to focus on obviously btr has now joined it because
of the phenomenal increase that it has had in the past few days uh and it's an exchange currency so i'm
just keeping it outside of this but i'm going to potentially exit from the other cryptos that we talked about
in the previous slide and i'm going to accumulate into these top five or six in fact i've already
started accumulating into this top five or six the reason is i'm prepared to wait for
another three or four years uh if the market crashes for example i'm still prepared to wait
three or four years for these cryptos to reach some of this potential some of its peak potential
why because you know link was roughly around uh less than a dollar plus it was around 40 cents in 2019 and two
dollars in the beginning of 2020. now it has crossed 30 dollars the reason it is important is because
in 2019 it was still in its inception it was still being adopted it was still being uh
you know creating partnerships but still in development i would say and then in 2020 is when it phenomenally
launched and today link is up as an oracle price feed for nearly 30 plus uh
partnerships or in fact more in fact and uh in 2017 2018 when the crypto uh went
high and then it crashed right a lot of cryptos a lot of blockchains were just experiments
today they are no longer experiments they are real projects they are no longer just cryptocurrency
they have a very strong technical team they have a very strong company they have a cio cto
they've got a development team fully dedicated development team that is resolving a real world challenge
like how link is providing an oracle price feed right how decentralized finance is changing
the the face of the industries and nfd's non-fungible tokens you know there's there's so many technologies
that are coming up which have phenomenally changed the landscape of blockchain and
cryptocurrency unlike in 2017-18 where it was still all of these were still concepts bitcoin
was still bitcoin as just a cryptocurrency so today cryptocurrency is not just a
cryptocurrency there is a strong real world use case for it and these currencies these cryptos
these projects other than link i would say are still in their inception in fact other than zap the other injector
protocol scale grt they're all forming formidable partnership zap i think it still is in
infancy and in another few months i'm expecting that it could it could catch the mainstream attention
zap could then go into the next level in terms of you know how whatever link did i think zap can follow it for sure but
i don't know if it can reach as much as linked it but it's definitely going to be a worthwhile oracle to invest in so
what's my investment right uh obviously um you know what's my minimum expectation
maximum expectation zap uh one dollar is my minimum expectation link fifty dollars for
minimum expectation injector protocol i think it will definitely go higher but my main
expectation is 50 dollars this is something that i am expecting it to happen in the next few months or at
least a year cro i'm expecting after the maintenance launch to go to at least two dollars
in the next few months or the one year scale i'm expecting i said i was expecting it to go to one dollar
uh this video i made about 10 uh days back in tamil and after i made the video within
a week actually it hit one dollar so this phenomenal how i made this video like 10 days back and it was sitting at
you know nearly 20 cents and jumped nearly five times uh into one dollar in in a span of in
almost four or five days after i made the video it went into one dollar
just proving one of my predictions right and you can actually go and see the thumbnail version the date i released it
the price that it was and what point actually jumped to one dollar people who followed my twitter
all know the stories but grp i'm also expecting it to go to 10 again my maximum expectation which is
like maybe in another two or three years is that price that you know i'm expecting link obviously 100
injector protocol is going to be the phase of you know decentralized exchange i think it's definitely going
to be um 100 because it's going to enable stock trading as well through
blockchain zap i think you know by the if it is able to emulate what uh link had done i'm expecting it to go
to five dollars so again these are my maximum expectations could be two years three years
but i'm willing to hold it you know because of all the reasons i'm giving again disclaimer is that i'm not a
crypto crypto expert i've started a lot of this learning process started only last year but i do
follow these projects quite intensely and i keep reading every article that comes out about these
these cryptos and at the moment this is purely speculation and purely personal
expectation this is only a target i'm not promoting any of these projects i don't get any money out of any of
these companies i haven't done any uh brand endorsements or brand partnerships
if you believe in another crypto like or whatever it is keep following it keep researching it
make sure that you are reading all the news articles about that particular uh
crypto or the project that you are investing in like i know who the ceo or who the technical team of zap is
nick spanos and everyone that that we keep working about so keep following the team and that's how you
will know uh what these guys are up to like a cro maintenance launch
why it's a big event why it's a big thing i'll explain in the next video but uh once you once you believe in a
crypto understand that there is a team behind it if there is a strong team behind it
they're creating value behind their crypto and the blockchain even if there's a
crash there is obviously going to be a recovery because there is a strong use case behind it
so it's not going to be like 2017 or 18 where there was just speculation for most of
these things but right now this is only my personal prediction and there is no
real reason why any of these targets should be hit in terms of the price value but apart
from the technical expectations that i have on these cryptos so hopefully um this this is something
that i have been wanting to share so hopefully this was useful but again some final words right like i always
said i have taken out my initial investments and i've got
enough profits from my initial investments that uh i have not spent any new money in crypto investment for
nearly five months all of my crypto investments are based on profits that i swapped from
one crypto to another i take out my profits like btr when it had a phenomenal climb i keep
kept tweeting how i was taking on profits when it was hitting 50 cents and 52 cents
and then it kind of dropped so i was able to again reinvest it into btr with the profits that i made which means
that i'm able to buy more crypto with the profits that uh i have made by selling the crypto at a
higher price and then buying it at a lower price so i explained this trading strategy i explained all of this in
episode 15 about how you can sell it for a profit and then reinvest it and then again
cyclically you can make profits and a lot of people have made a lot of cyclical profits
if there is a crypto crash because of this reason because i've taken out my profits
i'm fully prepared for it even if it goes to less than half its value or 70 percent of its
value right i'm still prepared to hold these cryptos and like i said in episode 15 episode 18
i don't sell at a loss and i don't buy into a fear of missing out when the crypto has already started going 100
200 i don't go and buy into that point i buy a crypto when it is not moving and it is not
increasing that's the point i buy that's the point that believe in it that's a pointer by that's the point i
have always tweeted about it not when it is already doing 100 or 200 percent every time i've
talked about a crypto it has not moved it has been stable for a while and that's when i i buy into the
crypto because it has not recently jumped like 50 100 all of the crypto investments are at
that point at that level and you can actually go back to my youtube videos about my twitter comments
and you can see what point we have invested we have talked about it so if you had started uh like i said in
september october when i started making these videos you will definitely be in like 500 600
profit take the profit out make sure that you keep some of your profits out if you're starting now though you're
buying into a peak so make sure you are avoiding big investments you know one of the best
option uh those cryptos that i talked about if you're going to invest invest in smaller
chunks so if it's going to come down you can always re buy more
and then when you buy more you will average down if there's a retrace or a retraces when it comes down after a
small peak it comes down and cryptos generally have retraces so if you keep buying in small chunks
you can always keep liquidity and you can reinvest it so that you can lower your average down that's what i do
when i decide to buy something sometimes i buy it in smaller chunks so i can lower my average and
you know for injective protocol for example i bought it at three dollar it went to about dollars and then at
fifteen dollars i didn't buy but when it came down to low eleven dollars i again bought it
even though my average is up a bit right now but uh you know i i waited for that retrace of
the tip to happen and then i bought more so crypto is again very very high volatility so please
make sure that you understand the risk before you put your money into it so hopefully this was very useful to you
uh until next time thank you bye [Music] you
Heads up!
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