Bag Building: EP001 - Learning How to Trade & Make Money on Cardano

Episode Transcript

Speaker 1 (00:00):
This is the first in a series of videos where
I'll be going through the Cardano DeFi ecosystem and looking
for gains and opportunities to try and grow your bags. Yeah,
so we've got ado, we're holding on to it, but
what can we actually do to participate in the Candona
ecosystem to grow that holding. I know a lot of
people out there are simply just staking the aida and
waiting for those returns. But if there's no on chain activity,

(00:23):
there's no fees being generated, the whole ecosystem doesn't grow
in its entirety. So we do need to try and
start promoting the idea of defive other staking opportunities and
participating in these projects that are growing and doing some
really cool things in the Cardano space. So let's have
a look at why I'm doing this and how I'm

(00:44):
going to go through the whole process, and along the way,
I'll share with you what I'm actually getting, what projects
I'm getting into, how much I'm actually putting in on
those projects. So I'm going to share a lot of
details here. It's going to be really transparent. Now, before
I go any further, none of this is financial advice.
This is purely for entertainment purposes and educational purposes. I

(01:05):
would like to cover what's happening in the DeFi ecosystem.
I want to participate myself, so I'm going to find
out and you can learn from my own experiences. I'll
lose all my ala here, so be it. It's me,
it's not you, guys. So there's a lot of risks
in all of this. You'll see projects that are rugging
or have rugged and if you're hotting on it and

(01:26):
any of those tokens, you would have losed all your assets.
So please make sure it sort of financial advisor only
put in what you can afford to lose. Follow all
that safe advice, and you know see phrase, keep them safe,
store them in the secure location. You know all that stuff.
You know the drill, guys. So let's have a look
at the setup here. I've got my brand new lace
wallet here, and I'll share this in the show notes

(01:48):
down below, so you guys can actually follow along and
see what I'm doing. Because these videos be on a
weekly basis, but I may trade on a daily basis,
So if you want to see and find out what
I'm actually doing, make sure you copy down the address.
So here, I've loaded up this wallet. We're just over
one thousand and eight, so I plan to stak and
do some other things on this as well. So I

(02:08):
need just that little bit more and then or have
a baseline of one thousand and eight to grow. You
can check out the wallet on tap tools as well,
so you can watch the growth over time. This is
all tracked and hopefully we do see more aid to
flow into this with a larger USD value too, So
that's the goal and the aim. Now, if you have

(02:29):
a look at the on chain activity, this is pool PM.
It shows you what's going on with the ecosystem on
a regular basis. You can see live what NFT is
being minted and what is being moved around on the chain.
But if you have a look at this, look at this,
this is one hour and twenty four hour load. So
over the last twenty four hours the chain's only been

(02:51):
utilized at eighteen percent. That's nothing. That's a fraction of
what it used to be last year around this time.
If we have a look at sea explore here you
can see the statistics around block sizes and the use
capacity of the block size. So back here in twenty

(03:11):
twenty two. This is when Sunday Swap launched, and you know,
we had smart contracts launched around September. In twenty twenty one,
Sunday Swap ramp things up and the chain went absolutely crazy.
So we could see all these people started coming in.
We've got lots of usage of the chain, and this

(03:31):
is an NFT boom in twenty twenty two. Then twenty three,
we still had a lot of DeFi activity. We were
looking for candanas Defy summer. But then after this, after this,
this is what's the date here at December twenty third,
twenty twenty four, it kind of dwindled off a little bit.
I think we had a big pump and snack in
mid mid twenty twenty four, and then after this we

(03:54):
pretty much went down very quiet activity. People are selling
to move to other chains or doing whatever where it is.
And then this date here at twenty fourth November, that's
the US elections, So that's when things started kicking and
people started to get excited and bitcoins started pumping again
as well. So this is what we saw most of
the activity last year. Then after that kind of doing

(04:16):
down TWIS came in and then on chain activity is
abysmal at the moment. You can see on the mid
May here capacities at a tiny fraction eleven point nine,
So we really need to drive that up. So if
we are starting to burn and churn through treasury funds,
we got to see on chain activity increase as well.

(04:39):
And this video series hopefully will encourage you guys to
go out there and have a look at what's possible
and what's going on in the ecosystem. So here we go.
This is a defai lama for anyone that's tracking these
statistics as well. This is the TVL total value locked
in smart contracts on the Kadana ecosystem. This is its
value in AIDA and it's you know, twenty twenty four.

(05:01):
It's been dropping, been declining slightly. A lot of people
aren't participating as much, and you can see it's going
down on a downward trend in twenty twenty five. So
people are moving their assets around somewhere. I don't know where.
I have to do some investigating and see what's going
on here. But we want this aid of value to
go up. We want to see this go up. We

(05:22):
want to see our bags go up. We want to
see general activity go up as well. Now if you
have a look at staking awards, so for those people
out there that are just generally staking their AIDA and
not doing anything else, staking awards are dropping. So annualized
staking awards at the moment is at two point one
two percent. That's dropped quite a bit. So from four

(05:46):
years ago when I started my stable, second awards were
around four point five percent, even five percent if you're lucky,
but that's dropped down to half. So over the last
four years that steked awards has dropped, and this will
be a continuing thing. As the reserves where the AIDA
is coming from is released into the ecosystem to all

(06:06):
the stakers, we're going to see this diminish even further.
So in four years time this will be down to
like one percent. So this is expected. This is the
way it's designed. So as the usage your chain goes up,
we're relying more so on transaction fees. So transaction fees
will drive a lot of this stuff, so we should
see the reserves dwindle and the APR on staking rewards

(06:30):
go down as well. So this is very accurate. And
if you have a look at various state pools here,
four years active on my statepool here eight oz GMP
one frame Norton plus one four point five years, and
you can see the returns here on these particular pools.
We've got the average two point five GMP one on

(06:50):
a small state pool out there. So if you want
to decentralize the ecosystem, you can delegate to a small
state pool just on two percent. And this is one
of the big multi poolers out there. They're giving back
two point one two percent as well. So the averages
around multiple different pools is as you can see doing
dealing there, and it may be a good strategy to

(07:13):
stake across multiple different pools. That way you could possibly
gain a better average overall. If one pool is not
doing too well, one pool is doing really well. It
help decentralize the ecosystem. So a lot of things there
that you can do. So it's staking we will look
into and in a moment as well, but on chain
activity is what we're after at the moment. Now, this
is a pretty good time to actually get into DeFi

(07:36):
and this is because dex fees are dropping. So there's
been a lot of complaints in the ecosystem that DEXes
charge way too much in regards to their fees. And
this is a hope to hear post hereby DAP analysis
and is complaining about the dex fees being really high.
So condund A blockchain has three million to four million

(07:58):
in decks volume per This is ridiculous. You understand you
need to charge fee to sustain operations, but Kadani will
never grow or have volume with high fees. Hmm, okay,
pash take, I know, but I want what's best. We
were seeing to ecosystem. Let's lower fees, incentiviized training contests,
pass some marketing efforts from the treasury, and get competitive

(08:21):
and I totally agree with that. One of the initiatives
that MINSWAP has done recently is to get rid of
their bachelor fees so on a lot of the decks
is because of contention with usage of utxos, they had
to come up with a way of trading on the
decks and they use batches, which is an off chain

(08:42):
better code which collates all the transactions and then process
them and then put them put them back on chain.
So mincewap have reduced that fee. It used to be
a long time ago to ada, then they dropped it
down gradually to one point three and now it's zero.
So it's a good time to jump into the ecosystem
because those fees are dropping. So as one deck drops
as fees to zero, others eventually will follow too. A

(09:06):
MINSWAP have accumulated a large dow, a large treasury and
they can use that treasury to fund themselves now, so
that's self sustaining after four years of being Cadano's number
one deck. So that's really good to see. Okay, so
we're in a situation let's recap quickly. We need to
drive up on chain activity. It is very low staking

(09:28):
awards in general are shit and we need to increase
that to gain better awards. Decks ecosystem have dropped their fees,
so we should see better returns on ours swaps overall.
So we're in a pretty good position at the moment
to start. All right, Let's have a look at what's
going on at the moment. And I'm having a look
at the charts here on Ada USDM, and I'm trying

(09:49):
to work out what I should buy next. Should I
be selling some eight or at the moment for USD,
or should we be looking into buying other assets it's
at the moment. So I'm looking at the charts here,
and you know my in my in the majority of
my videos, I never talked about trading. I never talk

(10:09):
about you know, chart analysis or anything like that. I
don't try and predict the price. But I'm looking at
indicators here, and I don't know if you guys know
these indicators too well, but I'll explain what I use
so I can see what's going on with the market.
So the first one here, let me just turn some
of these off. So this blue line here, this is

(10:31):
the Bollinger band curves and it has an upper and
a lower limit. So this the upper one here, And
what I use this one for is to have a
look at and see if trading activity is breaking those
particular Bollinger bands. So here you can see the green
candles going up over the last couple of days. This
was after the news that China and the US had

(10:52):
come to some sort of agreement and the UK. So okay,
the UK came to a quasi agree I meant framework
that they were going to go through and ease tariffs.
It was a nothing burger really, but you know, the
market reacted good to it, and China and the US

(11:13):
have started negotiating some tariffs as well, but there's still
tariffs anyway. That's why the market jumped a little bit.
So we saw this upward movement, which is a good thing.
But here we can see these green candles here for
a couple of days breaking the upper Bolinger band. So
these points in time for me would have been good

(11:36):
times to sell because it's breaking the upper band. If
you go back in time here, this is back on
April the seventh. Here, this would have been a good
time to buy because it's breaking. The candles are breaking
on consecutive days, breaking the lower band boundary of the
Bollinger band, so I would have purchased. Then. The other
indicator I look here at the same time is the RSI,

(11:58):
the relative strength index. This is the chart down here.
I don't know if you can see it properly on
the screen, but down here it gives you an indicator
of how strong the market is going in either direction,
if it's an oversell or an over buying period. So
down here with the Bollinger bands, I can see that
the band the candles are breaking that lower boundary, and

(12:22):
the RSI is very low at the thirty percent there,
so there's definitely an over sell in the market. With
these two indicators, I can see the Ballinger bands yep,
it's breaking the lower bound and there is an over sell.
That would have been a good opportunity for me to
purchase in And the inverse of that you can see
down here, the upper Bologer band is the upper curve there,

(12:44):
candles are breaking the upper bound and the RSI is
over that seventy percent there. That is definitely an overbuy
as well. So I would have sold at those particular
points in time, so I would have made a nice
little profit from the cell down here up to the
from the bypoint down here, sorry, to that cell point
up there. That would have been a nice increase. So

(13:06):
that would have gone from zero fifty eight cents to
probably seventy eight cents, so twenty cents increase there, So
that's nice twenty cents that would have been good. The
other indicator that I like to use is the mac cross,
and this just gives me a general idea and indicator
of the movement of the market which direction is actually going.

(13:28):
So I've just turned off the Ballinger bands there and
I can see from here the moving average is the
orange line, and then the indicator down here. This line
looks at the market trend of the buy and sell.
So we've got the average down here. I don't know
what a date time stamp here that's set on. I
need probably need to adjust that a little bit for

(13:48):
future videos, but you can see here it's on a
downward trend. But then there's a cross here between the
two lines, and this is an indicator let me know
that the market overall averages over the last few days
is starting to go in an upward trend. That's another
really clear indicator from my cell period, which would have
been around here on the seventh of April, that the

(14:11):
market's tending upwards in an upward trend after that Matt cross,
and you know any time after that would have been
a good seller would have made profit. So they're the
indicators that I like to use to try and let
me know where I am in the market at the moment.
Hopefully I do get to follow them properly during these videos,
so that's you know, we can actually see some some

(14:33):
profits and gains. So let's see here at the moment.
So we've just missed out on that cell period. So
I'm going to wait a little bit before I go
into a buying frenzy and use USD to buy any
more Aida. So I'm going to side jump here and
have a look at what else is possibly a purchase
a good buy at the moment. And now this is taptools,

(14:56):
So if people aren't using taptools, if you don't know
about tattools, this is a really good ecosystem overview everything
that's happening in the Cardano ecosystem. So a lot of
people in my YouTube comments would complain the price of
Aida isn't going up? What the hell is going on?
Because people are selling that Aida and moving into Cadana
Native assets and seeing the gains here. So this is

(15:20):
what a lot of people were missing out on. So
they're seeing a to go down and they are wondering
why it's going down. It's because people are selling that
Aida for these Cardano native tokens. That's what's happening here.
So I'm trying to look now to see where and
what might be a by opportunity to move from the
the my Aida holdings that I have at the moment

(15:42):
over to extra Cardano assets here. So I'm trying to
see if there's anything on sale, if there's anything gone
down a little bit, and what is upward trending at
the moment's popular and there are some projects that are
quite popular at the moment. Now, another tool I'll use
is Serahb's here, so Cerebus gives the tokens ratings across

(16:03):
the ecosystem. Now, I'm just using this as another indicator,
another measure to look at another tool. I don't entirely
agree with everything that they mention here within their rating system,
maybe because I don't believe in the projects that some
of them are mean coins and I just don't understand

(16:23):
why they are given in here. And some projects like
this Axo, they're gone, they're rugged, they've sold all their
assets and they've liquidated company. This should not be here anymore.
Another project here, lend Fi, this shouldn't be here anymore
from all indicators at the moment, they've sold everything in

(16:45):
the market, so that should be removed from this rating
system too. So I'll take this as a tool, and
I wouldn't use it as a source of truth. Another
tool I'll be using, or two tools, is the steel
Swap decks aggregator, and I absolutely love this decks aggregator.

(17:06):
At the moment, let me just show you quickly how
it works. I've got to tour on this on my
other YouTube channel. But let's say I was wanting to
buy some Badega tokens and I just type in one
hundred and eighty. Here you can see exactly where and
what it's doing to get me the best price across
the ecosystem. So you could see there it was at
a Splash protocol and that was coming out with the

(17:27):
best price. But then the data feed updated and minswap
gave me the best price. But that's with one hundred
eight worth of Bidega. If I increase this up to
like a million, which I don't have, you can see
now it's trying to get the the the Bidega tokens
from Splash, from Mincewap, Vifi and Sunday because there's liquidity

(17:48):
across all those different chains, and now it's looking for
where it can split up my one million eight to
get the best price of Bidega and get me the
most Bidegga out of it. So it's really call that
it does that, and I absolutely love it, so I
will be using this a lot more The other really
cool thing about this is that steel swaps fees are
extremely low. So for this one million eight trade, I

(18:14):
would have paid steel swap only one eider. Now, if
I was doing a one hundred eight trade, which I
will do in a moment, steel swap doesn't charge you
any fees. That's really really beneficial for anyone that is
trading on you know these DEXes. Now, there are some
Batcher fees here, so mince swap says it's still at
zero points seven there. So I'm going to do a

(18:35):
comparison between that and swapping directly on mintswap. So I'm
going to double check that, just make sure everything's the
best price possible. I'm also going to use this one here.
This is dex hunter, another dex aggregator. I'll connect to
my wallet here, my lace wallet, and for that same swap,
let's see what dex hunter gets me. Just curious a

(18:55):
quick swap from aid to bdegger one hundred eighter Okay,
So here it's saying that it's going through mint swop
as well, So one hundred eight will get me three
hundred and five point zero four bit dagger. That's what
is deals wort will get me pretty much the same. Yeah,
it's going through the same thing. There's just these extra
fees that come up on the top. So batch of

(19:16):
zero point seven to Aida there for the deposit and
what are the details here, We've got a two aid
to deckx deposit and the dex fee zero point seven
as well. Okay, so not much of a difference there,
but good to know. I'll hang out service speed. Okay,
so we did that one ader plus a zero point
one So dex Hunter is just that little bit more

(19:36):
expensive and that will bite into my profits, especially on
these small trades. So I won't be using dex Hunter
in this case. There's ways around it, Like if I
had some Hunt tokens in my wallet, I can get
reduction on those fees. But I'm not interested by it
at the moment. I'm looking for other games. Okay, Right,
we have the scenario, We've got all my tools, we've
got all the indicators, you know what I'm going to

(19:57):
be using on a regular basis. Let's have a look
at what my op are. Sorry it's taken so long
to get to this point, but you know, painting the picture,
of painting the scenario is really important. So The first
thing here is staking. So I want my idol aida
to actually be doing something for me, and I could
stake some directly into state poles here, which I will

(20:17):
do automatically. But then there's also this option here of
staking with aider and this is the optim finance platform.
And what this does is allows you to stake your
AIDA onto the platform. You earn a little bit more
than you normally would, so three point eight as opposed
to two point five, but you give up some of

(20:38):
your staking rights such as voting power whatever. But if
you're purely after the rewards, if you're purely after the AIDA,
that doesn't matter. You can give up those those voting
rights or staking rights, whatever it is to other people
that will be borrowing them from the platform and you
can get that slightly better return. So staking overall for

(21:02):
the next month while I'm doing this video series won't
be a massive difference. I'm looking for the most to
maximize my gains with these projects here that I'm going
to look at. So maybe I won't stake because the
gains is three point eight might not be enough. I

(21:22):
want to try and double the amount of aidergo here,
so I'm going to look into some other projects, so
Aida I may come back and have some assets left over.
So here we go. Okay, So this project here is
Strike Finance and it's just launched this week. It's gaining
a lot of traction, so it's pretty popular. And what
it is it allows you to start a long or

(21:46):
a short contract on there. So if you're predicting that
the price of AIDA will go up over time, you
can can go long on this, use leverage on that contract,
and then cash out on that contract at a later date.
So if the of ad it does go up, fantastic.
If it goes down, then you could be liquidated. So

(22:06):
it's a good idea to put in stop losses and
all that so you can try and minimize your losses.
So this is something that you could possibly gain a
lot of AIDA from from if you choose the direction correctly,
depending on which way the market might be going. So
I'm looking back at the charts here and everything seems

(22:26):
to be still on an upward trend at the moment,
so I might go in a long position but take
a more shorter path to profit. So I'm just going
to look for some minor gains. It may pop back
up over eighty cents, and I'll be able to take
a small profit off that put a stop loss a
little bit lower at seventy five, and I might be

(22:48):
okay there. So straight finance, I probably will put in
a position in a moment I think it still will
be on upper trend. Hopefully the news is good overall
over the next week, so we can get recovery there.
The other thing I may look into is Badega markets,
and this is prediction markets, and this is a way
that you can simply place a bet on an outcome

(23:10):
of one of these particular events that may be happening.
So we've got sporting events, we've got how many earthquakes
to earthquake is going to happen in the year, and
all this stuff can come in from oracles and you
know what not to prove that that information is correct.
But there's some opportunities here in regards to one predicting

(23:31):
an outcome of an event, but then also putting up
an event for people to bet on. So there's multiple
different opportunities here. And you know a lot of this
stuff by the Formula one drivers the races don't really
know too much about that. But these UFC fights here,
it might be something I could look into and see

(23:54):
how they're going. So there's no one participating in these
particular markets at the moment. It's active for another day.
You can see the day here. One day fit eighteen hours.
So I'm going to have a look at what I
could possibly put into those to see what I could get.
But if I'm the only participant, there's absolutely no point.
So I'm not going to win anything against the other person.

(24:15):
But we'll see how that one goes. It's going to
be an in interesting one to look at. The other
thing I'll look at also is projects to avoid, and
this one here, unfortunately, lend Fire used to be a
big up and coming borrowing lending protocol and now you
can see here from the charts, they've just absolutely tanked
ever since their project had some security vulnerability that they

(24:38):
didn't want to go into, and V two of the
contracts were blocked from the interface. People weren't able to
interact with it, and unfortunately everything was locked up from
there and there's been zero, almost zero communication over the
last six months from the project. So it's not good
and people have started exiting their positions on and I

(25:00):
have to admit on my other wallet, I have exited
all my lent by tokens at the moment, and to
exit it from that one. So there's definitely things that
I want to avoid and got to keep my ears
and eyes opened to see what's happening in the space here.
So let's go back and execute on some of this stuff.
So first off, I will just simply stake my AIDA,

(25:22):
So the very first thing, or this eighty here, if
it's not doing anything, I have to at least stake
it within the ecosystem. That way, I can make sure
that if I don't execute a trade, if I don't
do a perpetual or a place of bet, my AID
is doing something and it's being put to work. So
obviously I'm going to stake to my own stakepool aid

(25:44):
to ODZ YEP, state that everything that's good, hundred percent
of my aids to there, confirm and type in the
sending password and that is done. There we go. So
that is the very first step, that's the very first
important thing to do. So now we've done that, now
I won't be able to withdraw awards because I'm not
delegated to a derep or participating in the ecosystem. So

(26:07):
I could go to the voting center and become a
de rep, but that will cost me five hundred and
eight that's half my balance already, so I'm not going
to do that. Now. This here is a brand new
website that I've set up for my DEREP profile, So
if anyone wants to actually delegate to me, you can.
You can get to it at derep dot Learncadano dot io,
click on delegate, you go down here. You'll get this
little wallet connector choose your wallet that you're using, in

(26:30):
this case Lace Wallet, and then this will just delegate
the wallet to my DEREP profile and that's it. No
need to copy de rep bids, go to a certain
website or browser around three your wallet. That's all done.
Just clicked on delegate all right, expand that and see

(26:52):
yep origin from there from address yep, yep, yep. All
the details are correct to address, doesn't go anywhere. It's
just the signing of the transaction. So okay, that looks
a good confirm all right, So that's been sent off. Okay,
so now that should appear in my wallet there it goes, okay,
so that's appearing my wallet now, so I'll just let

(27:14):
that go in the background. I'll check on that in
a moment. Right, So I do have let's see a
thousand and eight to spend here, and I think the
very first thing I'll do is go to strike Finance,
connect my wallet and go on a long position here
or ada going to at least back up to eighty
cents over the next couple of days, next week at least.

(27:36):
So let's create this long position. Let's put in three
hundred eight. I'm going to use a third my eighta here.
Oh no, okay, look, I didn't realize that. So there's
not enough liquidity in strike Finance to go on a
long position at the moment. Okay, that's not good. So
that takes away one of my options here. Now, I
do know that Strike Finance have been putting more and

(27:59):
more liquidity in. So we're averaging a thousand transactions per
day since MAInet launch, Equidy has been maxed out almost
every moment it's been available users. Liquit deposits should be
available starting next week. Okay, so we are needing to
wait for this one. So, unfortunately, guys, I can't show
you that at the moment if you do want video

(28:20):
to tours. I've got on the Lark and Dona website
where I actually could go through and perform actions on that,
but I am going to have to wait till next
week before being able to go into and create an
open contract on this. Here you can see available liquory.
I don't know if you can see it clearly if
it's ninety six dollars there that's available, that's on launch.

(28:42):
So the longest contract I could go into was at
that point up to ninety six dollars. So that's unfortunate.
That's really really annoying. I wanted to get into a
long position. Okay, let's go back and have a look
at what else I can get into then, so here
I could also possibly buy some of the Strike tokens.
They've been doing really well at the moment. Then also

(29:04):
Bidegger at the moment as well. So let's have a
look at the chance for Strike and yeah, it has
been doing really well and there's a bit of a
replacement there. So I'm going to use the same principles
that are showed you a little bit early with the
price of Aida that let me know not to possibly
buy at the moment, So I'm going to look at

(29:25):
the indicator here Ballinger bands and then also RSI Relative
strength Index. Okay, we're an over by. We're over buying
at the moment, so people really buying into it but
starting to sell off, so it might I'm going I'm not.
I can't buy it now. Timing is a thing, so

(29:47):
I'm going to go with the indicators here. We are
definitely in a overseell period, so it's good time to
sell at the moment. I'm going to wait for this
to retrace at a better point and see people taking profits.
I'm going to wait for this to retrace before jumping
into it. So I'm logged in. There should be a
heart thing here somewhere so I can heart this project.

(30:09):
Then that way it appears in my dashboard. Yeah, I
can't see it all right, I have to get back
to that. Let's go back into Bidega markets here. This
is the other one I'm looking at the moment, so
we've got the token. Is it a good time? Note
over sell as well, same indicators. There been on a
massive upward trend over the last few days. Okay, let's

(30:30):
go into some other solid projects. We've also got snacks.
Necking Getting has been getting exchange listings at the moment,
and there was a rumor that coucoin is looking into
Snack's community and it was a direct repost. Okay, it
looks like we're in a good sideways movements of training
at the moment, so I might just load up on

(30:52):
a little bit of snack just to try and get
some gains and the upwards and downwards movements of sideways movement,
I should say, over the next couple of days. So
I'm going to learn launch into that one and buy
that one. So I'm going to go here directly through
mint what Okay, we're looking good, there's nice, all right,
execute that there we go. All right. Now, Now a

(31:17):
lot of people out there are You're going to say, Pete,
why are you buying meme coins. I'm looking for the
games here, boys, I'm looking for the gains. I'm here
purely to increase the value of this portfolio over the
next next month or however long I do this series.
So that's my first purchase. That's my first buy. I've

(31:37):
got a bit of exposure in the market, sere. Now, guys,
let's see what's I can get into next, let's go
back to the dashboard snack the other project I'm very
keen on is I gone. So now my idea and
strategy here isn't just to look into what's trending, what's
going up and down. Of course, I want those holly

(32:00):
trending tokens as well, because I know those ones will
get me in most gains. But if I dropped the
ball for any reason, at least I'm holding onto a
token that I believe in in regards to the project
and what they're building. So I gone building cloud services,
decentralized storage, and decentralized compute. Very good project. I've used
their platform, I do have some storage on there and

(32:21):
hold IOG tokens myself. So this is something I'm going
to buy a position in as well. So let's go
to steel Swap EIGHTA and then actually two hundred on that.
Let's execute this one. Now, what I should have done
is actually check the charts of that. So let's check
the charts and double check to see if it was

(32:42):
actually a good time to buy. Yeah it is, Okay,
had a gut feeling it was sideways movement of that
one as well. We've got breaking the upper there breaking
the lower here. So how many days is that? November
November twenty seventh to December eight, eight eight Okay, So

(33:02):
it looks like we're on monthly buy and sell periods
here on this particular token. So from that particular point time,
let's get all out. So from there to here we
got twenty one days. So it's roughly roughly a little
while in between the trades on IG. So I'll be

(33:23):
waiting for a bit to see how we go with
this one. So this one here went really high, and
so let's say this really low point here, So from
a potential sell point to a bypoint is thirty seven days. Okay,
so we've got a good amount of time that we
can hold onto this one here the sideways movement, we
don't know what's happening. I don't think there's too much

(33:45):
big news coming out from IG at the moment, but again,
got to keep our eyes peeled. Check my wallet. Okay, yep,
the tokens did come through, so I got to eight
hundred and sixty five igs, snacks got forty three thousands.
I still have just gonna check my voting center to
see if that vote did come through. Let's just refresh

(34:06):
dove tools here. Ah, great, okay, so that's delegated to
the de rep. There should be loading up my name,
but it's not yet. There we go, okay, good, so
that delegation everything's working while it's all set up, staking
to aid to OZ Okay, just checking, just checking and
make sure everything's good. It's always good to check. Okay.
So now my positions I think are okay, let's refresh

(34:30):
tap tool's portfolio. I'm in a good holding position. I'm
now waiting for good sell positions at the moment. So
I still have quite a bit of eight A here
that I'm holding onto, so I need to see if
I can get any more gains with that, and I
may now actually open up a short A position for

(34:50):
a short period of time staking some aider and they've
still got a little tiny bit of room left in
the state aider vault, very little, but you know there's
still room. So let's let's connect here. Am I connected? Yes?
I'm going to put in two hundred eight on this
one as well. Actually have to mint it first, so
two hundred to get two hundred eighter. So this is

(35:13):
converting ada into eight eighter. Is a mirrored synthetic of ader,
but without any of the voting rights because it's a
different asset, so you don't you can't get to governance,
voting rights or anything like that, catalyst or whatever it is.
So I'm going to mint this aider. It's going to
cost me a little bit to do. I'm losing a
little bit off the top here every time I'm interacting

(35:36):
and doing something. I've got to make sure I'm profitable
on the exit of all this stuff. Okay, so that's done.
So now I've got the eight in my wallet. Now
I can stake all of that, and I do want
to stake it all, So I'm going to type in
two hundred. Yeah, that's still room. Let's stake that eider. Great, Okay,
we're done. Okay, So now I can potentially gain some

(35:57):
extra here from the eighter, little bit of extra staking rewards,
which will be better than just staking on a state pool.
And I have some potential sell positions for my tokens here.
I've got to ig and snack that I can potentially sell.
I might put in some take profit or orders over
the next couple of days, but I'll keep you guys

(36:18):
updated with that. And I still have some AIDA left over,
and that's really important. We're playing the waiting game here.
We're looking for buy opportunities. I'm looking for buy opportunities
for those other tokens that I did mention just before.
I'm looking for buy opportunities for Strike strike token here.
It's definitely an over over selling period, so I'm not

(36:41):
going to buy at the moment. It's selling time. People
are taking profits. So I'm going to wait for a
buying opportunity on Strike, wait for a buying opportunity on Aida.
I'm going to wait for a opportunity to get into
a perpetuals contract here. And I'm going to do some
further research into what I could possibly put up on

(37:02):
bdegga markets to get some games here as well. So
we wow, Eurovision, Ah, I might have found something. This
might be interesting. Now I've got to go watch some
Eurovision stuff to actually make an educated guess here. Okay,
all right, all right, okay, So I'll leave it there.
I think overall we're good. I'm participating, DeFi at the moment,

(37:25):
everything's all set up if you want to follow the wallets,
links and everything down below. Also like to mention that
this video is kind of sponsored by the Condonna Foundation.
I'm using their impact pot some funds from that to
do some research around the various projects, allocate some time
to it. So thank you so much to the Condona
Foundation for giving those funds so I can actually do

(37:45):
these videos now. Like I said, no, this is financial advice.
This is purely for educational entertainment purposes. If you enjoy
watching me lose all my assets from my bag, sure,
so be it. Just make sure you hit that thumbs
up light subscribe notification bell. I'll keep you guys entertained
in this process, but hopefully we learn something and maybe
you guys can investigate what's happening in the g DOWNA

(38:07):
ecosystem and participate in DeFi as well. It's gonna be fun,
all right, guys. I'll see in the next video.

Speaker 2 (38:13):
Gee, I gotta do it like that. You been listening
to the Learned Cardono podcast. Gotta get it Hi, Crypto
is what we like. But this is not investment or
financial advice. Gotta do your research because it's risky. We
know where it is. This show is education on lengths, informative.
Crypto's the future. Really, it ain't no debate