Originally Posted by Hog's Gone Fishin:
Grabbed some Solana the other day at 118. It went to 122 so I sold.
It dropped back to 118 so I bought back in. It went to 114 so I sold. Risk management!
Now its 2 days later and its 140 and climbing.
Not falling for it again.
Lol, why are you so quick to sell on short fluctuations like that? Just curious. Also, I would just never sell at a loss if I was you. Patience is key there, let it come back up then sell again. My dumbass bought some Chainlink back in May when it was at its top, so I've just been sitting and waiting. Learned a lot from that one though, and I have money put into the right things in the meantime. [Reply]
Originally Posted by KCrockaholic:
Lol, why are you so quick to sell on short fluctuations like that? Just curious. Also, I would just never sell at a loss if I was you. Patience is key there, let it come back up then sell again. My dumbass bought some Chainlink back in May when it was at its top, so I've just been sitting and waiting. Learned a lot from that one though, and I have money put into the right things in the meantime.
Classic beartrapping.
Originally Posted by BWillie:
Shit! Back up to 51k Btc which is what I sold 30% of my stash at I guess for nothing now. Paying taxes for no reason this year. I can't wait **bangs head**
So you sold at $50 and instead of re-investing in the 30's, you sat on the cash instead? Am I reading that right? The market did exactly as you predicted it would and landed right where you said it would. It was fucking impressive. You frustrate me. [Reply]
Originally Posted by KCrockaholic:
Lol, why are you so quick to sell on short fluctuations like that? Just curious. Also, I would just never sell at a loss if I was you. Patience is key there, let it come back up then sell again. My dumbass bought some Chainlink back in May when it was at its top, so I've just been sitting and waiting. Learned a lot from that one though, and I have money put into the right things in the meantime.
In my mind I'm thinking this just went from $30 to $118 in a couple months. I don't want to get trapped in a free fall back to $30. I put my money there back in Cardano so it should be safe. I'll admit I have investment ADHD. [Reply]
Originally Posted by Hog's Gone Fishin:
In my mind I'm thinking this just went from $30 to $118 in a couple months. I don't want to get trapped in a free fall back to $30. I put my money there back in Cardano so it should be safe. I'll admit I have investment ADHD.
OK Cardano not moving but Solana is . Should I dump my Cardano and buy back the Solana ? [Reply]
I'd wait for the next big dip. Billionaires make it happen with FUD, because that is how the money is made.
They are thinking long term, while most people are thinking "how can I get rich quick?"
To me, it just goes back to basic timing vs. time in. With DCA catching the average (while having cash for the big dips).
Investment methodology is a personal thing and dependent on risk and all that. I'm an all in, all out kinda hipster. The overall investment community is a fan of DCA however. Now, you might say these are two distinctly different markets and I agree, but that shit transcends all things, bro.
So I woke up this morning around 5 . Pulled up stocktwits to see what was trending. Poly.x was moving. So after spending 14 seconds of DD I dumped my Cardano and Bought Polymath . Within 15 minutes I made $650 and sold . LOL. This shit is just stupid! [Reply]
Actress Reese Witherspoon, who is estimated to be worth an estimated $400 million, has revealed that she's investing in cryptocurrency. "Just bought my first ETH! Let's do this #cryptotwitter," she wrote on Twitter. Reese recently sold her media company Hello Sunshine for a reported $900 million to private equity firm Blackstone Group and former Disney execs Kevin Mayer and Tom Stagg [Reply]
Solana is still pumping which is strange. Are people pulling out of other cryptos and getting it into Solana? Bull run better not be over already dammit. [Reply]