Crypto

Chopstick Theory -SatoshiStreetBets

The crypto world is going cray with all the community efforts in pumping what they called, shitcoins. LOL. All thanks to the viral reddit thread by SatoshiStreetBets.

They pumped $Doge aka DogeCoin which is created based on a meme featuring a Shiba Inu?! Like what?! And it was pumped up to 900% within 24 hours. And yes, Elon Musk sent a frenzy when he puts #Bitcoin in Twitter profile. Talking about the community strengths versus the hedge fund traders. It’s definitely a stressful week for the professional traders.

I did a shift to my portfolio where I focus on Altcoins now and as I was typing this, I just liquidate $GRT that gained a 5% within 2 weeks (The shitty part, the moment I sell the coins, it got pumped another 10% more, damn). $XRP did a good game too with 20% profit for me. Not bad for a short term trade.

I’m actually quite skeptical on the way I trade. For me, I just pick 2-4 and one of it will be the main based and prayed to heavens that it’s the right choice for me. But the stress level to look see at 3-4 will drive me nuts. HAHAHA. The reddit frenzy taught me that — You can read all the whitepapers u want but trading has no logic in crypto when community traders triumphed over the technologies, just like the Chopstick Theory that my mum loves to mention when I’m younger. LOL

Trade safe, trade well. Share with me your trading style via comments.