$BEAT still remains my best futures profit maker. I short my position at 1.92 dollars and finally exited at 0.48 dollars. That was a crazy 1500% profit!
I have indeed seen many writers over here posting even larger profits, but for me that 1500% was too good.
I don't know if BEAT would do that again, so right now I am on the fence. If things get interesting I might jump in again.
Yesterday I posted about $COAI and how it would be difficult for the coin/token to go up again. I got multiple comments telling me that I don't understand how the market works. The commenters told me that it is paper hands like mine who would lose hope on COAI and leave.
Well, I am not sure I am paper hands, but I sure would recommend that you have a hard look before deciding to hodl for too long!
The best investment in my crypto journey has been $BTC
Make no mistake, it is indeed digital gold and you will be missing out on it if you focus too much other fad coins. Do make profits on other coins, do play smartly but don't forget the first and real crypto coin that brought forth the crypto world.
Keep investing. Even if it is just 1 dollar or 10 dollar or 10,000 dollars, Bitcoin is the way to go.
And, of course, don't get bogged down by the cycle.
$BEAT was just like COAI. It sprang and increased hopes and then settled down for good. Nothing is going to happen there anymore. You still think it will go up to 3 dollars? I am not sure.
I was playing $ETH in the futures market and, for no reason, opened a "short" at 3302 dollars. ETH fell to 3253 dollars, and I made my money and exited. All in a matter of 1 and a half hour.
And now I opened a "long" on ETH. And the price is going up already.
It's interesting that even with all these shit coins and Futures market, we still can't go wrong with BTC. I got some fun action in the Margin market with BTC.
$RIVER has gone berserk both ways up and down. While playing Futures on this token is fun and I am actually doing it, the question is, what if we owned RIVER in the spot market?
I mean, if I had bought 100 RIVER at 3 dollars and sold it at 30 dollars, that would have been a cool 2700 dollars profit. How did I not see it?
Spot market profit would have been less risky than the Futures market for sure. What say?
I have played $PIPPIN for a long time in the futures market. I won some and I lost some. I don't think there is too much interest in the coin/token at the moment. It will likely go down to 0.1 dollars eventually.
But there is no guarantee that shorting it will ensure that you will make money as the token is still being played with. So, be careful and never forget DYOR!
$COAI has left a lot of people disappointed, hasn't it? And if you are still thinking that it is going to get back to 3 dollars, then I have news for you. That's not going to happen.
Like playing in the futures market. Find another candidate.
$RIVER is a good candidate for futures market but very very risky. Much like all these s*it coins this one is also heavily manipulated. However, there are still opportunities in it.
The thing is you can't take a long or short, leave it there and come back after an hour. If you are playing River then ensure that you are watching the price. It more or less remains side ways and then there is the big leap up or down.
So, your short or long needs to be in line with what's happening. That said, don't forget DYOR!