You take a coin from the bottom and you put in on top...
This is not professional investment or trading advice. This is just me sharing my approach!
Peace,
dan-atstarlite
Trading Cryptocurrencies - The 'Jenga' Strategy
7 years ago by dan-atstarlite (66)
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Great , wise and healthy advice as usual.Hype times like now are times to either sell or wait NOT to buy.That is FOMO im action and we need yo shake that of from our hearts.Lets be patient like you say, do research and buy when is low and people are freaking out.
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Thank you for sharing the strategy.
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Great video. i use a very similar strategy. i buy when the coins I believe in are low. I don't really sell coins, I just hold them.
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I agree with you concept I feel like if you choose a coin or currency that's already at its high and you're just doing it because it's high , it doesn't make you gain much . When there's a fall , you choose that, that will lead you to a high , like Jenga
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Interesting idea. Hadn't really thought of it like that. Now I just need to know which are the top 10. lol
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Here's my top 15 on fundamentals... just for kicks (not in exact order):
Bitcoin
Ethereum
Ripple
Litecoin
Steem
EOS
Dash
Monero
Bitshares
Iconomi
Factom
Ethereum Classic
Augur
MaidSafe
Zcash
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Thanks
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Definitely an interesting idea, I would like to know more about this strategy! I'm a trader myself :)
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I'm down for the "Jenga" Strategy :)
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With a name like "stackin"... I know you understand lol
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"Keep On Stackin" haha
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Cool
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we use the same strategy man. i look for very cheap coins and wait for it to explode
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Post a link to the website you're talking about so that we can follow it and check out what you're talking about. Is Steemit dollars 💵 part of the game? And where should they be?
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https://coinmarketcap.com - This is probably the most visited site in all of crypto.. enjoy!
Steem Dollars is a good hedge against the crypto markets since they're always worth at least $1 usd in Steem. If you learn the intricacies of SBDs they can be very profitable to trade or convert. Maybe start with this video but keep in mind SBDs are trading under $1 usd right now.
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You should have like a disclaimer for those who take it as financial advice
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Thanks for sharing this.
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Heey dan!
Will you make a post about that how do you manage when btc price is reaching for the skies??
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Your strategy does make sense,I will keep that idea when checking the price on exchanges.
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The blocks that start out at the top of a round (bitcoin etc), would still be holds late in a game under Jenga theory. Bitcoin block (chain) moves further and further to the bottom as the game goes on.
That means it would have less of a fall. I would think this would hold true in trading as well. The coins at top toward the end would fall the most. This is probably true to because later in any cycle you see more hype and speculation. Jenga, by it's no nature, becomes more and more speculative as the game goes. The blocks at the top at the end fall the furthest. The blocks at the top in the beginning fall much less (if they even fall at all) at the end. Jenga works.
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Nice one
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thank you for sharing that's what i was telling my brother last night.
i'm sharing this link with him.. he needs to know
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awesome video for a new trader like me , thank you so much
Followed
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UPVOTED.
very good.
I would be happy if you like to follow me and give your opinion about my posts.
Thanks.
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@dan-atstarlite You do know in this matter thank you for sharing and I am happy to see this post.
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Makes perfect sense Dan. I have utilized a similar process but I like how clearly you defined it and also giving it the name Jenga Strategy! Great stuff!
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Thank you bro. You videos are always very helpful
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