Basic Attention Token (BAT) Making some big gains today
That chart grabbed my attention today. I usually just take notice once or week or so to see how BAT is doing. Today was a big shock, I know its has been trending up and has had a nice run along with BTC.
- 1w 32.35%
- 1M 93.92%
- 3M 302.39%
- YTD 401.96%
- 6M 395.75%
It is always good press when you have a utility token start to set consisted ATH. The price movement will bring more attention to those who were either not aware, or had discounted the project in their own minds.
When you pull up the chart of BAT - it makes me think this project can get some support for this run and continue to build. I am sure there will be dips and pull backs, and I might use those opportunities to see if I can find a way to buy low / sell high, but my timing is usually off.
Brave is one of the projects I think can get common people to take the first step into crypto currency. It is free to start, and painless until you have to do KYC. I have to believe people are starting to wake up and see how they are being treated, and take the power back. Brave will give both the user a value back for being exposed to advertising, and give the those paying for the ads the knowledge they are getting the exposure to the right crowd. Anyone else thing we are going to be seeing a lot of ads for NFT's this year.
There is so much money in online advertising, if this represents the start to a shift of browser usage and online ads - the impact will be felt across a lot of other platforms.
Pesky KYC
I hate KYC - and usually won't do all the work required for a new wallet or exchange. This is the first I have done in over 18 months.
I had 3 devises I was running Brave on over for the past year+ Two phones and desktop PC. Its really too bad the brave edition for my Chromebook that saw 75% of my usage couldn't earn BAT. Until today - the price wasn't really worth it to jump through all the hoops and do the KYC required to get my Uphold wallet verified. When I saw it was over $1 it got me off my lazy bum and got validated in about 15 min.
After running all three devises to one wallet, I got my balances combined. It is looking good!!! It was nice to see that balance be worth a little something after wondering why I was do it for a token worth $0.10 last summer. If BAT stays here, I will be happy to keep earning!!
Some of you may not be willing to do KYC - if that is the case then you should make some tips to your favorite content producers. I know you can tip YouTube and Twitter accounts I think. I wonder if LEO can add that feature too?
sincerely,
@cluelessinvestor - aka a random nobody on the internet spewing nonsense
This post NOT financial advise, it contains my personal opinion and experience and is intended for educational purposes. Perform your own research and analysis prior to making investment decisions.
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Just makes sure you fund the Uphold wallet with eth if you want to move it to a different wallet as it is an ERC20 token that will require gas. Eth 2.0 can't come fast enough.
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Ugh - totally slipped my mind that I would need ETH to move it. HIVE has ruined me from thinking of GAS fees. I will have to weigh my options to move it, or if i want to keep holding it. I got a little on coinbase from a tutorial as well.
I hate holding stuff in wallets I don't fully control but for this balance it might be worth the risk for a while to see if I can build it up more before moving it.
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I got started on Brave last week, and it's nice to see that BAT is appreciating when compared to the U.S. dollar. You mentioned trying to buy low and sell high (also mentioning that your timing is off). That is an ideal situation, but I personally find it simpler to buy an asset that I think is going to appreciate in x amount of time. For example, I think Brave has a good business model that will attract lots of consumers when they learn about it, so I plan to hold on to my BAT for a couple months then reevaluate its value (and the company's business model as it stands). Even if I buy more at a local high point, I suspect I will still earn money in the long-term.
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I agree - but given how quickly things in crytpo move - if I see BAT continue to shoot up eventually I will take all or some off the table and see if it has a big sell off for profit taking before I re-enter. When things move too fast, there is too much potential to have a fast downfall before it finds support. I have not tried trading crypto for a while, but am thinking I might start back up again this year.
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Valid point. If you can manage to sell at or near a peak, go for it. I just don't wanna spend time trying to identify a peak; I prefer to set up a plan on when I'll buy/sell.
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Yeah man, big fan of Brave and BAT, I saw that move last night before bed and almost dug out my wallet to make a sale but in the end sleep won out :D
I only recently went through the dreaded KYC for Uphold as well, and actually traded about 1/4 of my BAT for DOT. Baaahahaha, these crypto tickers sound silly as shit when I talk about them like that.
Anyhow, Brave + Presearch = #win
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I'd be careful about making trades based on emotion. I think it's better to make a plan on what you'll do in a couple scenarios, then execute that plan when a scenario occurs. It'll probably need evaluation every month or so (depends on your plan's timetable), but it'll help prevent impulsive trades. Food for thought.
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Good point sb0 and I may be that organized one day. I am getting there though and have learned from mistakes like selling 100% of something that moves up a bit only to watch it keep moving up. Had it not been so late I would have sold 10-15% of my BAT to hold in cash for a drop. I made the big mistakes in 2017/18 and am much more conservative with my moves now.
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