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How To Pick Winning Cryptos – Part 1

According to one source, there are more than 19,000 cryptocurrencies in existence and dozens of blockchain platforms that exist.

Most of these cyptos will not make money in the long run. A large percentage of them would even become eventual losers.

However, there are certain cryptos that will bring fortunes to those who invest in them. In the past several years, many an investor has become rich by investing in coins like BTC, ETH, BNB, AXS, XMR, etc.

Picking winning cryptos, just like picking winning stocks: Investopedia defines a stock pick as when an analyst or investor uses a systematic form of analysis to conclude that a particular stock will make a good investment and, therefore, should be added to their portfolio.

Good stock pickers consider important factors like company strength relative to its peers, trends in earnings growth, the debt-to-equity ratio in line with industry norms, long-term strength and stability, price-earnings ratio as an indicator of valuation, and effectiveness of executive leadership, how the company treats dividends, etc.
How to pick winning cryptos – Part 1Those who are excellent at picking winning stocks inevitably become successful investors. Just like stock picking, crypto picking requires good knowledge and diligence.

FACTORS TO CONSIDER WHEN INVESTING IN CRYPTOS
Are you looking for cryptos that have great potential for unusually massive returns?

If you want to pick cryptos with huge future potential, you need to make research with due diligence. The factors to be considered are listed below. If a crypto meets all the requirements listed below, then there is a very high probability that it would succeed in the long term, bringing enormous riches to those who buy and hold it.

What problem does the crypto solve?
We know the problems solved by Bitcoin. Ethereum is known for smart contracts, plus many other uses. Monero is known for privacy. Tornado Cash improves transaction privacy by breaking the on-chain link between source and destination addresses. Helium is a blockchain-powered wireless service that provides a long-range connection to nearby Internet of Things (IoT) devices. Uniswap is trying to solve decentralized exchanges’ liquidity problem, by allowing the exchange to swap tokens without relying on buyers and sellers to create that liquidity.

What problem does the token of your choice solve?

Many people will just create “shit” coins and market them, hoping that the price will continue to skyrocket. A lot of useless coins like that will end up going to zero in the long run.

In the past a lot of coins have gone to near zero and will never recover. Many more coins will go to zero because the business models behind them are not sustainable and they do not solve unique problems.

If a coin solves a unique problem, then it’s already on my radar.
How to pick winning cryptos – Part 1Look at the tokenomics
Robert Stevens defines tokenomics as a combination of “token” and “economics.” It is a catch-all for the elements that make a particular cryptocurrency valuable and interesting to investors. That includes everything from a token’s supply and how it’s issued to things like what utility it has.

For instance, let’s take a glace at a summary of the tokenomics of Lucky Block, a token with a very huge future potential.

LBLOCK has lower operating costs. Lower operating costs mean Lucky Block can give back more in rewards to its token holders and charitable organizations and good causes. Winners are paid in LBLOCK, which they can either hold to benefit from the token rewards or cash out. Every time LBLOCK is sold on a DEX a 12% transactional fee (tax) is applied (see table 1 below). 4% of this transactional tax is added to the prize pool available for weekly jackpots. The remainder of the 12% tax will be distributed to the liquidity pool, token burn, and the LuckyBlock NFT fund (see table 2 below). A 1% burn rate means Lucky Block is a deflationary asset and this will help to underpin token value.

Who are the people behind the project?
You need to vet the team.

Who are they? Do they have a good reputation? What is the biography of an individual in the team? Have they been involved in any businesses and projects in the past, and what are the outcomes of those projects? Do they have criminal records?

You need to ask questions, since the team behind a project is also a big determining factor.

Try to talk to the team
Can you talk to the team behind the crypto project? Are they friendly? Are they willing to answer your questions? What are their aims and ambitions?
How to pick winning cryptos – Part 1
Look at the token distribution
Once again, let us use the token of Lucky Block (LBLOCK) as an example:

Lucky Block Token distribution
Total token supply: 100,000,000,000 (100 billion)
Presale: 32,500,000,000 (32.5 billion – 32.5%)
Strategic partners and advisors: 20,000,000,000 (20 billion – 20%)
Marketing: 22,500,000,000 (22.5 billion – 22.5%)
Team: 20,000,000,000 (20 billion – 20%)
Product development: 2,500,000,000 (2.5 billion – 2.5%)
Locked liquidity – 1-year lock: 2,500,000,000 (2.5 billion – 2.5%)

Look at the developers
Are the developers really competent? Do they even know what they’re doing? Furthermore, some of the questions that need to be asked as regards the team behind a crypto project also need to be asked as regard the developers.

Look at the competition
Does the crypto have a competitive advantage? Are there other competitors who have similar projects, trying to solve the same problem which the crypto on your radar is trying to solve? Do they have better tokenomics? What are the strengths and weaknesses?

Conclusion:
Why do I need a particular token? The answer is that 90% of the time, I don’t need the token, or else I could end up losing money on it. However, if a certain token project meets all the criteria mentioned above, I would invest in it.

NB: There is another big method of picking winning cryptos, and it has proven to be invaluable, with verifiable results. That important method will be examined in the next article in this series.

Source: https://learn2.trade/how-to-pick-winning-cryptos-part-1

The Bitcoin Discount Store

Recently I went shopping at a gas station where everything was 75% off.

I’m not in the habit of shopping at gas stations, because I drive a Tesla (which, incidentally, I bought with bitcoin). One of the great things about owning an electric car is you no longer have to worry about gas prices. It’s enormously freeing.

I was taking a road trip to pick up my son from college and stopped at a Supercharger to power up. I looked around for something to eat, and the only place nearby was a gas station. It had one of those convenience stores attached, so I wandered in.

Tucked away in the back, behind the Slim Jims and the antifreeze, I spotted a cardboard bin that read “75% OFF.” Always one for a bargain, I looked inside.
The Bitcoin Discount StoreEnergy bars. Canned goods. Cereal. Mixed nuts. Pasta.

All 75% off.

I couldn’t believe my fortune. I rummaged around, wondering if something was wrong with this stuff. Maybe they had been sprayed with DDT or had an expiration date of 1979.

The store manager happened to walk by. “Is this for real?” I asked her.

“Yep,” she confirmed. “We’re owned by 7-Eleven Corporate, and they’re changing over all the merchandise in our stores. This was all discontinued, so they just threw it all in a bin and marked it down. Did you see the personal goods?”

I looked over and saw there were two more identical bins, all 75% off. One was overflowing with toiletries and medications: Advil, toothpaste, hand sanitizer, tampons, condoms (lots and lots for some reason).

“Can I have a box?” I asked, “I’m going to need one to carry my haul.”

“All the good stuff was gone pretty fast,” she mentioned when she came back with my box.

“Are you kidding me?” I replied, “This will be my grocery shopping for the week.”

I paid $20 for all this (retail price: $80).

So what does this story have to do with investing? Well:

Buy Stocks on Sale
One of the principles of value investing is to buy “stocks on sale.”

Do your research to find quality companies that are underappreciated, i.e., trading below their market value. When you find a bargain, buy it.

For example, I think my Tesla is terrific, but TSLA stock is certainly not on sale.
The Bitcoin Discount StoreThere’s no way Tesla is worth more than the next 10 auto companies combined. (Courtesy WolfStreet.com)

There are two ways to find stocks on sale: the hard way and the easy way.

The hard way is to look at core company metrics: revenue, earnings, cash flow, profitability, dividends, etc. Compare its stock price with similar companies, to see if it’s underpriced.

The easy way is to watch for great companies that have been through some recent “shock” that has caused their price to drop. This shock could be external (like an overall market dip) or internal (something that spooked investors).

I’ll give an example. Years ago, I invested in Netflix (NFLX), which had just started its streaming service. Netflix was still primarily a DVD-by-mail company, and I thought its model was much better than that of video stores. Here I had some experience: I had spent an unhappy year in college working at a Blockbuster Video, which I found to be a terrible company. (Any life experience can be useful, even working minimum wage at Blockbuster.)

I didn’t buy NFLX stock right away, and to my dismay, the stock price kept going up, and up, and up. Then Netflix announced it was going to split the business into two offerings: the streaming service would keep the name Netflix, and the DVD-by-mail business would be renamed “Qwikster.”

If you thought Facebook changing its name to “Meta” was a big deal, you should have been there for “Netflix” becoming “Qwikster.” There was a furious uproar usually reserved for political revolutions. Co-founder and CEO Reed Hastings was called a trickster and a huckster for pulling a Qwikster.

Needless to say, NFLX stock tanked. And I scooped it up.
You can probably guess when “Qwikster” was announced.

This was not an easy decision. The DVD-by-mail business was their moneymaker, and Netflix was essentially betting it all on streaming. Netflix didn’t have experience as a streaming platform; no one did. The company had experience with logistics, shipping DVDs in red envelopes from giant warehouses. Streaming seemed a very risky bet.

This is an example of buying a “stock on sale.” It’s the equivalent of finding the bargain bin at the back of the gas station: the merchandise is not pretty, and a lot of people will think there’s something wrong with it. But a discount condom is still a condom.

I wish I could tell you that I held onto that NFLX stock until today, but I later sold it, only to buy it again in the early days of the pandemic, when the price suddenly plummeted again. (I told you about that opportunity, too.)

So we have two “shocks” to NFLX stock, one caused by an internal decision (Qwikster) and one by external forces (COVID-19). In both cases, investors fled. But the core business remained the same. In fact, Netflix quickly dropped the Qwikster idea, and still offers DVDs by mail.

Sounds easy, but it is actually really hard to buy stocks on sale. You’ve got to get over the fear: What if I’m wrong, and everyone else is right? The great difficulty is overcoming our own brains: why would I buy something that’s losing value?

Which brings us to bitcoin.
The Bitcoin Discount StoreBitcoin is 50% Off
Poor bitcoin is sitting in the bargain bin at the back of the gas station, with a sign reading “50% OFF.”

You can buy bitcoin at literally half the price that people were paying just six months ago. Six months ago, people were lining up to place their orders; today, bitcoin can’t get no love.

Guess what? It’s the same bitcoin.

Nothing’s changed. No regulatory announcements, no technology failures. They haven’t renamed bitcoin “Qwikbux.”

As market strategist Jeff Sommer wrote in today’s excellent New York Times column, no one should be investing in the stock market if they need that money to pay rent or gas. (That goes double for bitcoin.)

But if you have the means and the mettle to stick with it if prices drop lower, these are the conditions that long-term value investors love. (Look at how Warren Buffett is spending big right now to snap up stocks on sale.)

And even if you don’t want to spend big, you can use the lure of discount bitcoin to get started with steady-drip investing, then “set it and forget it.”

It’s better than stocks on sale: it’s crypto on clearance. And no matter what happens tomorrow, one thing we know for sure: these prices won’t last.

Source: https://learn2.trade/the-bitcoin-discount-store

The DEFC price is up over 175% in the past 24 hours, currently trading at $0.23 on Bitmart exchange.

From its daily low of $0.08 to its high of $0.25 was an over 300% move for DeFi Coin.

Liquidity is low on Bitmart however the DEFC / USDT pair is currently green again with today’s daily candle holding most of the gains from yesterday, suggesting new buyers have stepped in.

There is likely to be little selling pressure as DEFC already retraced 98% from its all time high of $4 set in July 2021.

DeFi Coin has completed another phase of its roadmap, the version 3 launch of their Defiswap.io DEX, app and farming pool.

The DEFC project aims to be an alternative to decentralized exchanges such as Pancakeswap, Uniswap and Sushiswap, providing liquidity for crypto swaps with no centralized third party required.

More info here: https://deficoins.io/#

Want to buy DEFC/USD?: https://pancakeswap.finance/info/token/0xeb33cbbe6f1e699574f10606ed9a495a196476df

Lucky Block (LBLOCK)’s highly-anticipated $1 million jackpot is only a few hours away. At press time, the LBLOCK jackpot and NFT winner will be announced in 35 hours, according to data from the network’s website.

Apart from the $1 million jackpot up for grabs, Lucky Block is also giving away another $1 million in its NFT draw alongside a Lamborghini Aventador, priced at over $400,000. The daily main prize draws will begin on June 6.

Participants in the lottery continue to flood the network by purchasing the network’s native token LBLOCK and its Platinum Rollers NFT to stand a chance to win. Holding either the token or the NFT is your ‘ticket’ for the draw, making this a multidimensional income-making endeavor. That said, the time to stock up on tickets (LBLOCK token and Lucky Block NFTs) is now.

Interestingly, holders of Lucky Block’s NFTs have twice the chances of winning the jackpot, considering the limited circulating supply of NFTs. Also, NFT holders are automatically awarded free entry for life into the daily draw. For those who haven’t already purchased a ticket and are interested in a rare opportunity to become a millionaire, the Lucky Block website provides detailed directions on how to partake in the jackpot.

Key Lucky Block Levels To Watch — May 30
Unsurprisingly, LBLOCK has recorded a notable rally on the eve of the jackpot draw. The play-to-earn cryptocurrency has jumped by over 25% in the last 24 hours.


LBLOCK 4-Hour Chart on TradingView
We expect to see more price rallies to the runup of the jackpot. That said, estimates suggest that LBLOCK could jump by 100%, double its price, before the end of the week. This would put LBLOCK back at the $0.0050 mark for the first time since early March. The potentials for profits in the coming weeks are even more exciting, and LBLOCK holders are set to smile to the bank in the near term.

Meanwhile, my resistance levels are at $0.0030, $0.0035, and $0.0040, and my support levels are at $0.0022, $0.0020, and $0.0018.

Total Market Capitalization: $1.27 trillion

Lucky Block Market Capitalization: $251.21 million

Source: https://luckyblock.com/how-to-buy-lucky-block/