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Pekay

@Wolfpekay

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Not financial advice, l am just learning myself.

Joined February 2022
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@Wolfpekay
Pekay
5 months
I have been in this space since 2022 and have been actively posting for over a year now. Since then I learned a lot by making many mistakes. These mistakes were crucial for my development. In this post I want to reflect upon my journey and explain why my content will change:✍️ If you want to be involved in the crypto market there are 4 main ways to do it in my opinion: holding Bitcoin long-term, trading futures or spot, investing in mid-lowcaps and on-chain trading with small-microcaps. They all had their time/hype in this cycle so far. I have tried all of them at different times. After experiencing both the pros and cons I have concluded in what direction I want to go. It can be different for everyone and everyone has to set an individual focus. 1) holding Bitcoin long-term: Many will tell you to DCA into Bitcoin and hold it forever. However personally I would use the cycles to buy low during the bear market and exit higher during the bullrun. Otherwise you will miss out on a vast majority of gains. The effort to enter and exit isn't a lot compared to the extra gains you can potentially make. You don't have to hit the exact bottom or top to profit off of this approach. The potential reward isn't the best and decreases in every cycle. However the risk is relatively low as well. The strategy best fits people with large capital as the returns are decreasing with each cycle. 2) trading futures or spot: Traders use calculated R/R set-ups to profit from price movements. Trades can be entered on all timeframes. Therefore they can last a few minutes or hours but also multiple weeks or months depending on the trading style. Trading allows you to make money in any kind of environment and in both direction. If you master the art of trading you can profit at any time while only taking calculated risk. However to be profitable consistently it takes a lot of time, hard work and failure. Trading is one of the most difficult skills to learn as most traders are loosing money and will never become profitable. 3) investing in mid-lowcaps: Investing early in mid and lowcaps was very profitable throughout the last cycles. Finding good projects and building conviction early on requires a lot. You have to research and take early risk. It can be seen similar to on-chain trading however the time horizon is larger. Projects are often held through an entire cycle. These projects should ideally move up with Bitcoin during the cycle while offering much higher returns. The way they do has changed throughout the cycle and the game has gotten a lot more competitive though. 4) on-chain trading with small-microcaps: On-chain trader hunt down small and microcaps which could make multiple X in return in a short amount of time. They research projects and narratives to find potential short-term gems. Both the marketcap and liquidity of these projects are very low most of the time. The risk trading on-chain is very high. It requires a lot of experience, monitoring and risk management. You have to understand how to operate on-chain, how to buy, sell and move assets. Traders have to expect being exit liquidity, rug pulls and other risks. The projects you invest in are only driven by speculation and do hardly anything but promising. As I have stated before I have tried them all at some point in time. On-chain trading didn't fit me at all as I don't like the on-chain environment and the projects you invest in. They are worthless most of the time and it is difficult to bet which one will pump. Additionally on-chain trading requires a specific state in the market. There are endless periods where the on-chain market is basically dead. During these periods which can last months it is near impossible to make profit. Mid and lowcap investing is what I focused on over the last year. I am still invested in a few core projects but I cut most smaller positions. Most of them are down a lot since Bitcoin started to consolidate/grind lower. Also the edge seems to be rotating in each cycle and the game gets increasingly crowded making it harder for everyone. The current cycle has been mainly narrative driven leaving many projects down 80-90%. Throughout the last year in which I have been posting about my investments and research I made both good and bad calls. I called some projects pretty early but most gave back their entire gains. At the same time I made some terrible calls as well or made mistakes with my research. Since the start of 2024 I didn't share many new projects anymore and reduced research. So far this was the right decision as the quality of new projects drastically decreased during this bull market. Moreover the market is diluted heavily through a growing number of projects. They do a good job of sounding promising. However we have seen that most are absolute shit. They are just getting pushed by shilling influencers, KOLs and others who are getting payed by these projects. My personal conclusion is that trading profitable in combination with buying Bitcoin in the bear and selling it in the bull is the safest and yet most powerful way of being involved in this market. Obviously you need to be become a profitable trader and be able to identify the cycle bottom and top areas for Bitcoin. This will take years of experience, dedication and failure but it is what I am working towards now. I will still invest in some smaller projects to have some more upside potential as I did the past year. However I will focus on a much smaller amount of projects. In terms of content going forward I will try to focus more on the overall market, sentiment and other general content. The calls will be reduced to increase the quality. I also want to work much more on technical analysis to invest and determine market moves. Trading is the most powerful skill in this market in my opinion and it will be my personal main focus. However I obviously won't be sharing any set-ups on Twitter/X but rather keep it vague in my content. I am only at the beginning. The mistakes I made and the experience I gained will be the most important part of my future content. Hopefully I can prevent you from some of the mistakes I made in the past. My goal is to provide you with the best possible content going forward.🎯
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@Wolfpekay
Pekay
58 minutes
@FilippoPalizzi Well done 👏
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@Wolfpekay
Pekay
6 hours
@Moneytaur_ @Albert_618 @TraderDune Agree BB changed everything. From value to paid groups and content with people that provide no value at all. BB are like the typical big influencers but they don't have to care as they make enough off of paid groups.
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@Wolfpekay
Pekay
9 hours
@luckychartape Even A+ setups with perfect execution will loose sometimes. But as you said people think every time you loose a trade you made a mistake.
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@Wolfpekay
Pekay
9 hours
I noticed there are three types of accounts with 100k+ followers: 1. the grifter, shillers and payed group sellers who are obvious scammers (most of the accounts are this type) 2. the people that lack in still so they are only posting motivational content and general copy paste content like buying blood and selling greed 3. the ones that have actually skill, knowledge and experience (these type of accounts are almost extinct.
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@Wolfpekay
Pekay
23 hours
@studentoffew Well deserved. You deserve much more.
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@Wolfpekay
Pekay
3 days
@ChainHubCT That’s what we are looking for. Can’t make it more obvious and yet still most people will not recognize it.
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@Wolfpekay
Pekay
4 days
@AlecHewitt1 @Digital_fortres This goes for all TFs. But I mostly use weekly and daily swings.
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@Wolfpekay
Pekay
4 days
@Digital_fortres Personally I am only looking for the most recent ones which is the 4.54% to me as the recent wick has just SFPed it. Therefore it wasn’t broken yet.
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@Wolfpekay
Pekay
4 days
@Digital_fortres It is still important but the 4.54% SH formed more recently.
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@Wolfpekay
Pekay
4 days
@gozelis1 4.54% is more recent.
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@Wolfpekay
Pekay
4 days
@ridcec Daily candles already closed above so weekly slightly above is enough to break market structure.
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@Wolfpekay
Pekay
4 days
@Branji88 @studentoffew Congrats Branji you are on a great way. Almost 50% WR on HTF trades looks very good. Journaling really is the biggest leverage of learning.
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@Wolfpekay
Pekay
5 days
@CryptoDona7 Doesn’t matter if it’s bullish or not. When price reaches the 25-20 cents it’s are bullish again.
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@Wolfpekay
Pekay
5 days
@CryptoMephs @Moneytaur_ It is definitely a possibility I am looking at and I would like to play out. But I am just waiting and reacting instead of expecting and chasing anything.
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@Wolfpekay
Pekay
5 days
@CryptoMephs @Moneytaur_ That’s when euphoria is probably at its peak with news about BTC and altcoin reserves dropping again. People will tell you that this is just the start off an altseason which will be even bigger than last cycle.
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@Wolfpekay
Pekay
5 days
RT @Wolfpekay: @Moneytaur_ Almost everything pumped at some point. The only difference to what bag holders expected is that after the pump…
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