#290: Ansem (@blknoiz06) on Solana, Altcoins, $BONK, and 2024 Trading Strategies
Dec 11, 2023
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Ansem, the king of retail trading on Twitter, shares his expertise on SOL altcoins, trading strategies, and 2024 predictions. Topics covered include SOL thesis, SOL shitcoins and airdrops, marginfi, Jupiter, drift, zeta markets, becoming a good trader, trading strategies and capital allocation, $JTO + $JUP, $BONK, and Coinbase thesis.
Coinbase stock and Bitcoin mining stocks offer a tax-free way to gain exposure to the crypto market.
Different capital allocation strategies can be employed based on portfolio size, including high-conviction plays and active trading.
Becoming a successful trader involves learning technical analysis, engaging with the crypto community, and developing a trading strategy that combines fundamental and technical analysis.
Deep dives
The benefits of investing in Coinbase stock and Bitcoin mining stocks
Investors looking for exposure to crypto without buying crypto directly can consider investing in Coinbase stock or Bitcoin mining stocks, as they offer a tax-free way to gain exposure. Coinbase, the largest retail trading venue for cryptocurrencies in the US, is considered an easy bet for investors wanting exposure to the crypto market. Additionally, investing in Bitcoin mining stocks, such as Marathon and Riot, can provide exposure to the underlying asset while benefiting from the increasing activity and transaction fees in the Bitcoin network.
Capital allocation strategies for different portfolio sizes
When it comes to capital allocation, strategies may differ depending on the size of the portfolio. For smaller portfolios, focusing on high-conviction plays and participating in airdrops can be a sound strategy. A larger portfolio, however, can be split into two parts: long-term holdings and an active trading portion. Long-term holdings can consist of assets like Coinbase stock, Bitcoin, and other core assets, while the active trading portion allows for more speculative trades and taking advantage of short-term trends. This approach provides a balance between conservative, long-term investments and more aggressive, opportunistic trades.
The potential of DFK (D5 Kingdoms) and its recent price movement
DFK (D5 Kingdoms) is a gaming project that caught the attention of many due to its unique features and immersive gameplay. The token experienced a recent price movement following increased activity and the release of new features, such as player versus player (PvP) and player versus environment (PvE) gameplay. While the market is always subject to volatility, the positive momentum and exciting developments in DFK suggest that there is potential for further growth and success in the future.
Outlook for Coinbase and the mining industry
Coinbase, being the largest retail trading venue for cryptocurrencies in the US, may see increased demand and growth as more investors seek exposure to the crypto market. The company's involvement in various aspects of the crypto ecosystem, including its ventures and cloud services, positions it well to capture value from the growing industry. In addition, the mining industry, particularly Bitcoin miners, may benefit from increased transaction activity and development within the space, which has the potential to generate significant revenue for these companies.
Tips for becoming a successful trader
Becoming a successful trader requires a combination of factors. First, it is essential to learn technical analysis (TA) and understand market dynamics. Resources like books and online tutorials can provide a solid foundation. Engaging with the crypto community, particularly on platforms like Twitter, can also help learn from experienced traders and build a network of like-minded individuals. Developing a trading strategy that combines both fundamental and technical analysis is key, and regularly journaling thoughts and ideas can assist in refining and improving trading decisions. Lastly, remaining up-to-date with market trends and being adaptable to changing market conditions is crucial for success.
Zion aka Ansem aka @blknoiz06 is the king of retail trading on Twitter.
In this conversation, we discuss: - SOL thesis - SOL shitcoins + airdrops - Marginfi, Jupiter, drift, zeta markets - How can the average joe take their USD and onboard to SOL altcoins - Cosmos - Becoming a good trader - Keeping a trade journal - Trading strategies and capital allocation - $JTO + $JUP - $BONK - Coinbase thesis - 2024 predictions - DFK and JEWEL
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