"Lend" Me An Ear & I'll Tell You About An Interesting Project
Ok guys, as promised, I'm going to be disclosing all of the projects that I am rolling the dice on as of late. I'm back on the horse in "buy" mode, getting prepared to hopefully make some FAT GAINS before the bull run trample starts. This one is Aave (LEND: https://aave.com/). This is one of my old favorites that I jumped on in the fall of 2017. I won't go into the details of the project, but all you need to know is that this is a possible hot one that is involved in DeFi. We'll talk about that more later, but I'll give a brief overview of my trading history with this project, and a short tech analysis.
Back in 2017, I bought LEND somewhere around the 0.15 price and watched it creep up past 0.30. After the bear market set in, I forgot all about it. About a month ago, I realized it came back to life, and sold it to pick up a position in another project. Looking back, LEND bottomed out at about 0.003. During that time, I thought the project would die on the vine. But that was a mistake. It's a viable project. The lesson I learned is that the time to buy is when NOBODY is buying, and when confidence in the market is at its lowest. I should have known better, because I had promised myself after the 2017 bull market that I would quietly accumulate during the dog days and wait for the next bull market to take profits. Had I stuck to that strategy, I would have been sitting on a 100X gain right now.
That's something to think about.
The big gains only come from taking on the biggest risk, and at a time when buying in goes completely against grain. Of course the easiest way is to wait for a run, and take advantage of smaller gains. But when you're in it for the long haul, you maximize your chances of the big fat 100X gains.
For now, I'm looking at the descending peaks after the recent pump. IF Bitcoin corrects and falls back towards $10,000, I might get an opportunity to buy back into LEND somewhere around 0.27 when it touches back down to the lower trend line. It would still be a good play for future gains. Sure, there is always the chance that the impending stock market crash could pull all of the crypto projects down lower, but there will be a rebound. There's no doubt about that, especially in the DeFi sector.
Don't listen to me and lose your underwear. This isn't financial advice. I'm just trying to make some lunch money.
Carlton Flowers
The CryptoPro
Back in 2017, I bought LEND somewhere around the 0.15 price and watched it creep up past 0.30. After the bear market set in, I forgot all about it. About a month ago, I realized it came back to life, and sold it to pick up a position in another project. Looking back, LEND bottomed out at about 0.003. During that time, I thought the project would die on the vine. But that was a mistake. It's a viable project. The lesson I learned is that the time to buy is when NOBODY is buying, and when confidence in the market is at its lowest. I should have known better, because I had promised myself after the 2017 bull market that I would quietly accumulate during the dog days and wait for the next bull market to take profits. Had I stuck to that strategy, I would have been sitting on a 100X gain right now.
That's something to think about.
The big gains only come from taking on the biggest risk, and at a time when buying in goes completely against grain. Of course the easiest way is to wait for a run, and take advantage of smaller gains. But when you're in it for the long haul, you maximize your chances of the big fat 100X gains.
For now, I'm looking at the descending peaks after the recent pump. IF Bitcoin corrects and falls back towards $10,000, I might get an opportunity to buy back into LEND somewhere around 0.27 when it touches back down to the lower trend line. It would still be a good play for future gains. Sure, there is always the chance that the impending stock market crash could pull all of the crypto projects down lower, but there will be a rebound. There's no doubt about that, especially in the DeFi sector.
Don't listen to me and lose your underwear. This isn't financial advice. I'm just trying to make some lunch money.
Carlton Flowers
The CryptoPro