/biz/ - Business & Finance

>>7080725

I have weekly purchases on Coinbase and this is the first week it's been an issue. If people don't know they need to know before they drop 3k in cash advances. I am so sorry Capital One bro. We know ur feels now.

Does anyone know if Gemini has the same problems? Please report in if you do.

>>5832150

Fell for the HODL meme and lost any potential short-term gains watching LTC fall into the abyss mid-late December. Finally grew some balls a little over a week ago and pulled out of LTC a little below my most recent entry point and vowed to never be a complete hodlcuck again.

Now I use at least 50% stop-losses on swing trades to incrementally increase my stacks on alts I believe in, 75% stop-losses on coins that tend to shit the bed and go sideways for a week (coughLINKcough).

Usual protocol is to set a price at ~15% below current price (unless current is lower than entry, in which case yes hodl but also set a floor for losses. Also depends on resistance) and wait for the execution, then watch for upward volatility and recapture. Is it more work than hodling? Absolutely. Do I make as much in half the time? So far, yes. It's been a good strategy to accumulate more and also hedge against a BTC rally like we saw a few days ago.

I basically don't ever want to stagnate in the market and always have about half of my capital primed to flow where it will grow quickly. We'll see how it works long-term, but the last 3 days alone I'm up 50% with bigger stacks than I started with and pretty much no further capital injections than when I began.

Next plan is to start investing in good ICOs. I know some people here make crazy gains on low-cap coins on sketchy exchanges, that will come later once I hit my Q1 target.