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What Cryptocurrency Should You Buy?

I will update this section shortly but I wanted to get it out in DRAFT ASAP due to popular demand (Soon I will explain why I’ve picked my individual picks). A couple of notes, I have not included DEFI project tokens or other general governance tokens in this list because my interest here is to pick WINNERS. What are WINNERS? These are coins that could, with the proper marketing and growth and development, actually become global currency. Why do I think that matters? Well, the greatest wealth transfer in history could take place inside one of these tokens (or one not yet developed) if it has superior technology, continues proper development/upgrades, offers complete security (biometric level tied to your physical being) and GREAT marketing… In this case, wealth will travel out of fiat currency and into some, presumably inflation controlled (by community governance), crypto currency. When that wealth transfers into something that has limited supply, being in first necessarily means next worldly wealth generation. I personally feel that if Central Banks don’t issue their own digital currency fast enough, that one cryptocurrency may just win to become a global unit of value exchange. And if that actually happens, $30T-$40T will pour into it almost overnight. It will then become nearly impossible to manage by any one government. If you bought in before the tidal floods, you will generate generational wealth, If you miss the tidal wall, you could still create extraordinary returns, and if you miss the flood, it will be like moving $1 from here to there – where there offers far more utility than a paper dollar (still a win). If Governments launch their own coins, soon, and issue regulations around crypto – everything in my list could suffer something close to death. So – for the early readers of this post – you invest now in something that may be binary: Generational wealth or complete loss of assets nearly overnight. And this is why Crypto investments are VERY RISKY. I DO NOT OFFER FINANCIAL ADVICE. OK, so what will it take to be a winner: 1. Security (including quantum resilience and biometric level ties to individuals physical existence – this would eliminate all theft and physical loss of value from being a human condition). 2. Strong community governance + technical team/infrastructure/accountability. 3. Extreme transactional throughput. In the order of 100K transactions/sec and perhaps 10X more than that as a global currency. 4. Negligible transaction costs. 5. Data storage capacity/scalability (remember, most crypto stores every single transaction that ever happens, forever…When you are talking even just about every coffee everyone on the planet might buy for the next 100 years and then multiple in every other transaction in perpetuity, you get an idea of the data storage scale problem). 6. Smart Contract evolutionary upgradability (this deserves it’s on post – in the meantime, just imagine all the contracts that are ever signed in this world regarding some kind of value transfer, and then contemplate needing our cryptocurrency winner to replace nearly every single one of them with a technical solution). 7. Efficient to operate, and won’t overly draw huge amounts of energy to maintain. 8. MARKETING, which builds liquidity and utility. The winner will probably be the one with the best marketing team and a reasonably proficient tech backbone… After reading the above criteria (which I penned in 3 minutes and would like to expand upon with more time), you will understand why simple governance tokens are absent from my list below (if you question that statement, you are right, but I don’t have the time to be thorough here). Also absent are all the DEFI coins which could become incredibly valuable (I own a handful). They will not become currency and therefor aren’t my primary investment thesis. Finally, you will note that Bitcoin is very low on my list. Why? Well, it is old, not fit for purpose and technically inferior to its modern counterparts. Some say it will be a store of value, and perhaps that is true, but I doubt that use case. Some of these other cryptocurrencies not only can store your value but also enable you to profit from that value while you hold it safe and ready. When given the option of having this old thing (BTC) store your value or this other thing that suitably serves that purpose AND enables you to buy coffee in the morning AND be profiting every micro second just by virtue of you owning and engaging that coin as a part of that coins own infrastructure requirements or in the Financial space, why on earth would you own Bitcoin??? My investment thesis then is very clear. I want to own and trade around crypto that could be a global currency and that I can utilize to grow my wealth actively every single instant up until I spend any of it’s value. The list below hits that mark. I include Bitcoin way down there because there is a chance it will be upgraded in the future -and it has the best marketing of any contender. Below, I have ranked my favorites by what I consider to be the proper relative weighting given their current chances of successfully meeting my investment thesis. Trading around any of these top coins, to me, cannot result in a long term loss unless: 1. A clear winner emerges and you should move your investment to the highest probability winner. 2. Government intervention changes the calculations substantially. I’ve also ranked each by potential and noted, in some cases, those cryptocurrency’s that are well established players – the gold standards of old. Lastly, a word on Etherium. This is the most likely winner in the field. Its challenges are nearly all of it’s own making. It is slow to adapt and upgrade to the level of its peers – though it is actively trying to resolve this lethargy. This is Etherium’s race to lose. At the moment, BNB is the strongest alternative. Though no fewer than a dozen fantastic projects are in the race. Look back at my point 8 above – if any of these projects took some of their billions of dollars in value and launched a globally effective marketing campaign, they could probably win hands down. So, subscribe to their blogs and watch out for billboards and advertising. Assets by percieved value – Utility Established Potential Weighting ETH X X 10 BNB X X 10 SOL X 4 ADA X X 4 DOT X X 4 XRP X X 3 HOT X 2 EGLD  X 2 NEAR X 2 ICP X 2 FTM X 2 AVAX X 2 TRX X 2 ALGO X 2 LTC X X 2 THETA X 2 XTZ X 2 VET X 2 EOS X 2 ZIL X 2 MATIC X 2 DASH X X 2 QTUM X 2 ZEC X 2 ONE X 2 ZEN X 2 HNT X 1 SC X 1 BTC X 1 UMA X 1 LINK X 1 ATOM X 1 FIL X 1 KSM X 1 WAVES X 1 DOGE X X 1 HIVE X 0.5 XMR X 0.5 XEM X 0.5 IOST X 0.5 REN X 0.5 LUNA X 0.5 RUNE X 0.5 WABI 0.25 ICX 0.25 RVN X 0.25 ANKR 0.25 CELR 0.25 FTT X 0.25 BAT 0.25 IOTA X 0.25 RSR X 0.25 CELO 0.25 ONT 0.25 OMG 0.25 NANO X 0.25 DGB 0.25 ZRX 0.25 HBAR X 0.25 GRT X 0.25 FIO X 0.25 COTI X 0.25 OGN 0.25 KNC X 0.25 CTSI X 0.25 FET X 0.25 VTHO 0.25 WRX 0.25

Grid Cryptocurrency Trading Bots

This strategy goes to the heart of Tezing! Here, the goal is to make 1-3% on your crypto assets every day, thereby doubling your money every 70 days or sooner. This strategy is interesting because it produces a relatively steady line of income without as much risk as other strategies. In exchange, it also limits some of your potential upside in rapidly gaining markets. Thesis: If you believe Bitcoin, for example, is going to go from today’s price to $1M in the future, then it might make sense to buy some Bitcoin… You’d make a lot of money as the value of Bitcoin rose through the years; however, you might also recognize that there could be a way to make a lot more money than $1M as Bitcoins price fluctuates all the way to $1M… This strategy profits from the high volatility of cryptocurrencies. The grid trading strategy can earn far more money over time if you buy into Bitcoin every time it drops and sell every time it goes up – over and over and over again. If you had the time and the insight to do this millions of times over the next decade, you could make millions on BTC instead of just $1M. Buy with every tick down of BTC and sell again with every tick upwards…  But how do you possibly figure out when to buy and sell? And how do you make sure you do it 7 days a week and 24 hours a day, for years??? Luckily, in a digital world, there are digital solutions to this problem. We are going to discuss how to setup an automated trading strategy that simply buys every time your crypto drops and sells every time it goes up. If you hold onto that strategy for the next couple years, you could double your money many times over. What’s going to happen inside your new Grid Trading Bot? This strategy automates the oldest sage wisdom in investing, buy low, sell high. And it makes money by doing this over and over again thousands of times per day. I’ll explain: Imagine a hypothetical cryptocurrency worth $10,000 per unit the moment you begin your automated grid trading bot. The instant after you start your bot, lets say that the price of this crypto drops to $9,990. The bot’s job is to buy a small amount of this crypto. Then, when the price of this hypothetical crypto rises again moments later back to $10,000, the bot sells the same amount of crypto that you just bought at $9,990 – netting you a small profit. It does this over and over again, buying when the price drops and selling when it rises, until you stop your bot… Results for thousands of people doing this today are similar, you generally make 0.3% – 3% profit daily. How to get started. Follow these steps: First, setup an account with a cryptocurrency exchange like Binance or Coinbase. Fund your account – get cash into your exchange. You will likely need to upload a government ID and link your bank to get the best rates. This may take a couple hours/days sadly. Next, please meet your auto-trader: Bitsgap! Please sign up for a free demo account here: Bitsgap. Don’t worry if it all looks very complicated, we will decode it all in a moment. You must now connect Bitsgap to your Exchange. You do this by clicking on “my exchanges” in the Bitsgap top tab. You must setup an API connection to your exchange, which means finding how to setup an API in Binance or Coinbase (or whatever exchange you are working with). Once you have successfully funded your exchange and connected it with Bitsgap – you are ready for your first Bot! Bot Setup: Ok, so I’ve tried all sorts of trading strategies in Bitsgap and some of it’s competitors (of which there are many) and documented their results, like the data nerd I am. I can say without question, the best way to dip your toes in is to start with my conservative strategy. It can still produce 1% daily returns on your total investment, and it will do so without making you cringe if the market tanks.  Let’s call this Rob’s Conservative Strategy (RCS). Rob’s Conservative Strategy (RCS): Chose a coin (more on this here). Let’s start with ETH (Etherium) as an example. Go into Bitsgap and look at the top right corner. You should see a drop down that says “strategy.” Choose SBOT. (IMPORTANT – DO NOT EVER CHOSE CLASSIC BOT – Bitsgap has stoped supporting it and I can’t figure out why they don’t delete it altogether) You should see your exchange listed next: Binance (or select which ever exchange you want to use – each exchange may have different trading options available). Next, select a trading pair – start typing in ETH to see the various trading pair options. You want to choose one that looks like ETH/USD or ETH/USDT – depending on what fiat currency you deposited into the exchange.  Next, select the amount of value you want to put into this bot. I suggest starting with at least $1,000.  Next, where it says “Upper Price” please type in a value just a little bit higher than the current market price. Today, ETH is trading at $3,400, so I’d choose to put in an upper price of $$3,450. Then calculate a 25% drop from that price and enter that number into “lower price” (in this case that would be $3,450 * 0.75 = $2587.5).  Next, tick “Trailing Up” to on. Now chose how many grid levels you want. Grid levels represent every price you will be buying and selling. I always select the highest possible number of grid lines so I put in 180 lines. Now, you may get a warning below where it says: “Start”, that you’ve selected too many grid lines. Simply click the warning link to “Fix it”. That will set your grid steps to the highest number you can fund. Note, the smaller the distance between gridlines, the more trades and the more money you will make. Next, click on any other warning signs and it should help you fix.  Finally, click “Start” – it will ask you to buy some very small amount of ETH, choose YES. With any luck, that will do it – and you have a working bot!  Now sit back and watch as the price of ETH fluctuates all day. It’s a bit addictive… When the price goes down past a grid line, your bot will buy. When it goes up, your bot will sell. And Bitsgap will tell you how much money you are making along the way. Have any questions? Go to the Tezing forum here. Also, check out the bitsgap FAQ’s for better help Definitely watch these videos posted by Bitsgap to learn more:  This could be your job for the next couple years – watch the videos and try to learn! Now, for what to trade!?  Click here to see my humble opinion on where to start… In order of my priority. I’ll note, Bitcoin (BTC) is not on this list – I personally don’t like it but of course I own some. At the moment, BTC is my third largest position behind BNB and ETH. I do not trade BTC though, I have found it doesn’t produce the 1% I like to earn EVERY DAY.  So here is the list: BNB ETH DOT ADA ALGO EGLD LINK UMA Zil CGLD UNI AAVE TRX NU SNX LUNA ATOM AVAX XVS GRT COMP 1INCH So those are my picks, but there are thousands of coins… And you shouldn’t put money into anything you don’t believe in – so do your reading. Below are some decent resources but nothing beats actually going to each crypto projects homepage and consuming everything they have to say. Learn to read their white papers! If this isn’t gambling, then it’s investing – and in that case, what these folks say about their crypto’s better make sense before you place your bets. Last bit of advice, this can be very addictive – it is effectively gambling at the moment. Be careful. Don’t invest more than you can afford to lose. If you find you aren’t sleeping through the night – you’re playing with too much money! Don’t come crying to anyone (especially me) if you lose big. Once again – I take ZERO responsibility for your results. I really hope you can make a bit of cash this way but you may also lose 100% of it! As in EVERY, LAST, PENNY dreadful. So, proceed at your own risk! Good luck!

The Market Just Tanked

OK, so the market just tanked, and you’ve blown right through the bottom of your Bitsgap range and you’re wondering what the heck to do now? I feel you! The first time I watched this happen I freaked out and I sold out of everything and walked away for a minute thinking – Wait! what the heck have I just done!

Make 1% per day on your money… Earning Cryptocurrency Cash

My family and friends have asked me to help them dive into the crypto space… Why might you ask? Well, I’ve been making 1% daily on my invested cash trading crypto market volatility. That means I’ve been doubling my initial investment every 70 days. So, I named the concept of doubling every 70: TEZING