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Speculating in cryptocurrencies: A rough approach
mamilli
#321 Posted : Sunday, September 06, 2020 2:49:59 PM
Rank: Member


Joined: 10/6/2015
Posts: 249
Location: Nairobi
Jon Jones wrote:
mamilli wrote:
Jon Jones wrote:
mamilli wrote:
YOLOd into liquidity mining afew days ago.Currently in the SHUSHI kitchen with BAND-osaurus and Aave-boar on the menu awaiting to rug-pull Uniswap lol! Just when you thought ICOs were risky,but yours truly is willing to take one for the team.

-88% in 5 days. You need to make 12X return just to break even. Pole mblo. This one clipped you badly.


LOL! Inakaa hii maneno hushikanishi.Anyway in yield farming,you provide funds in liquidity pools of either LENDING/DEX protocols and in return you earn rewards from the accrued platform fees.The rewards are essentially AIR DROPS of native governance tokens in my case SUSHI(hio jina jo!).Some find value in "governance" tokens but I don't thus I sell them on daily basis.APYs are usually insane (>1000%) been off loading around 100 sushi per day.Are there risks? yes,some very significant but I'll let you research on that.

How convenient Laughing out loudly Laughing out loudly Laughing out loudly


Sorry I killed your excitement over my "heavy losses" smile
Stacking sats....
Jon Jones
#322 Posted : Sunday, September 06, 2020 5:27:30 PM
Rank: Member


Joined: 9/11/2015
Posts: 170
Location: Thika
mamilli wrote:
Jon Jones wrote:
mamilli wrote:
Jon Jones wrote:
mamilli wrote:
YOLOd into liquidity mining afew days ago.Currently in the SHUSHI kitchen with BAND-osaurus and Aave-boar on the menu awaiting to rug-pull Uniswap lol! Just when you thought ICOs were risky,but yours truly is willing to take one for the team.

-88% in 5 days. You need to make 12X return just to break even. Pole mblo. This one clipped you badly.


LOL! Inakaa hii maneno hushikanishi.Anyway in yield farming,you provide funds in liquidity pools of either LENDING/DEX protocols and in return you earn rewards from the accrued platform fees.The rewards are essentially AIR DROPS of native governance tokens in my case SUSHI(hio jina jo!).Some find value in "governance" tokens but I don't thus I sell them on daily basis.APYs are usually insane (>1000%) been off loading around 100 sushi per day.Are there risks? yes,some very significant but I'll let you research on that.

How convenient Laughing out loudly Laughing out loudly Laughing out loudly


Sorry I killed your excitement over my "heavy losses" smile

Really? Laughing out loudly Laughing out loudly Laughing out loudly Hindsight is 20/20 and this is wazua. It's not a crime to admit you got roasted on that one. You can deny it here, but your P&L will always tell you the unadulterated truth. Losses are part of the game so don't be too hard on yourself. You live to fight another day. After all, you are probably still in massive profits in other coins. If you couldn't handle the drawdowns you wouldn't be playing this game anyway. Handle it like a man. Even the best of us get clipped from time to time and that's the name of the game.
You made good money on ETH and LINK when you invested early. You got too greedy too quickly and you got clipped in all your recent purchases like ATOM (-17%) and ANKR (-45%). The good news is that if you did not panic-sell, you will be back in profit soon. Don't shoot the messenger. Peace.
Since men have learned to shoot without missing, I have learned to fly without perching
mamilli
#323 Posted : Sunday, September 06, 2020 7:53:25 PM
Rank: Member


Joined: 10/6/2015
Posts: 249
Location: Nairobi
Messenger mwitu...hio ya AMMs and their reward tokens like SUSHI enyewe tuseme tu peace..inakumix but read about it.

Kitu huitwa STOP LOSS muhimu sana,max downside on any "non-moonbag" position for me is 5%.You have the tools to mitigate your losses,please use them.
Stacking sats....
mamilli
#324 Posted : Tuesday, September 08, 2020 8:17:47 AM
Rank: Member


Joined: 10/6/2015
Posts: 249
Location: Nairobi
mamilli wrote:
YOLOd into liquidity mining afew days ago.Currently in the SHUSHI kitchen with BAND-osaurus and Aave-boar on the menu awaiting to rug-pull Uniswap lol! Just when you thought ICOs were risky,but yours truly is willing to take one for the team.


Day 9 of farming,yields are bonkers (I average 100 SUSHI in 24hrs),check ROI stats here https://sushi.zippo.io

These rewards will be slashed to 1/10 in 3 days.Migration from Uniswap to Sushiswap protocol in around 24 hrs(risky)

I intend to unstake my funds back to Uniswap before the migration.
Stacking sats....
Jon Jones
#325 Posted : Wednesday, September 16, 2020 12:29:44 AM
Rank: Member


Joined: 9/11/2015
Posts: 170
Location: Thika
The herd is almost done bleeding. Just a few more days and then the smart money starts buying alts again.

I was starting to feel dead inside going for almost a month without trading.

Viva Crypto Drool Drool
Since men have learned to shoot without missing, I have learned to fly without perching
mamilli
#326 Posted : Thursday, September 17, 2020 8:40:28 AM
Rank: Member


Joined: 10/6/2015
Posts: 249
Location: Nairobi
mamilli wrote:
mamilli wrote:
YOLOd into liquidity mining afew days ago.Currently in the SHUSHI kitchen with BAND-osaurus and Aave-boar on the menu awaiting to rug-pull Uniswap lol! Just when you thought ICOs were risky,but yours truly is willing to take one for the team.


Day 9 of farming,yields are bonkers (I average 100 SUSHI in 24hrs),check ROI stats here https://sushi.zippo.io

These rewards will be slashed to 1/10 in 3 days.Migration from Uniswap to Sushiswap protocol in around 24 hrs(risky)

I intend to unstake my funds back to Uniswap before the migration.


Uniswap counters Sushiswap with the launch of UNI token.If your ETH address has interacted with Uniswap before 01/09/2020,go claim your free 400 UNI tokens.
UNI farming begins in 24hrs on select pools.

https://uniswap.org/blog/uni/

All my ETH/LINK/LEND moonbags deployed on Uniswap,Balancer and Sushiswap liquidity pools.Twende kazi...Shitcoins begets more Shitcoins as you lull Applause Applause Applause
Stacking sats....
Jon Jones
#327 Posted : Saturday, September 19, 2020 12:57:20 PM
Rank: Member


Joined: 9/11/2015
Posts: 170
Location: Thika
Now that the herd has bled dry, I have began to accumulate shitcoins. Those that didn't sell near the local top are sitting on 50%-70% drawdowns. LINK is down 50%, Tezos down 50%, @rwitre's OXT down 70% etc etc. Their bags are lighter, I can buy them again and sell back to them when they are super-heavy. Rinse and repeat.

That's the name of the game Laughing out loudly Laughing out loudly Laughing out loudly

It's amazing how people don't want to buy now, at point of minimum risk, only to rush back later when the shitcoins have tripled in price one month from now.
Since men have learned to shoot without missing, I have learned to fly without perching
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