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/biz/ - Business & Finance

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20378581 No.20378581 [Reply] [Original]

Ok so I'm swinging link right now with some neglectable amounts, less than 2% of my stack.
Sold some at 8.15 yesterday, and some again at 8.65 today.

It might keep rising but surely if I keep selling every pump it will go down eventually, and I will be able to buy back at a price lower than average selling price, right? Provided that I don't run out of linkies before the big dump, which could happen. We COULD be heading for 100 with no dump for all I know.

So anyway, what do you guys think of my strategy?

>> No.20378623

>>20378581
Swing more to guarantee the pump. Be the hero /biz/ needs.

>> No.20378663

>>20378581
Swingers get the rope

>> No.20378679

>>20378581
All I can say is that shorting an asset that you believe is bullish is not so smart.

You'd be better of longing LINK.

>> No.20378686

>>20378581
Stop swinging link, crypto to crypto is a taxable event. Whatever profits you make have to exceed that of its taxes

>> No.20378902

>>20378623
The bog brothers wouldn't pump the market just for me, I'm not planning to swing more than one link or two at the time, and if it still pump by the time I sold 10 linkies I will just take my loss like a man and buy back in.

>> No.20378960

>>20378686
I'm not in the US so I don't think it apply to me. Anyways the sums I'm swinging are too small so any profit I make is too small to be taxed regardless.

>> No.20379064
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20379064

>>20378679
Very true. Unironically I've successfully swinged link from 0.40 to 0.20 back in 2018 and I felt super smug about it but I ended up buying less than what I would have had if I had just kept buying reasonable amounts every months and holding.

But a little swing can be fun, see it as a slightly expensive game.

>> No.20379417

>>20378581

Time and time again, we see this. What makes you think you're any different? Any smarter than the people before you? You're hedging generational wealth against pure gamble.

Swinging always works until it doesn't. You're more likely to buy back in at a 25% loss than you are at a 10% loss.

>> No.20379508

>>20378581
While that's true how much are you actually getting? Like 10 extra links or 2.

Honestly unless you're going to significantly increase your stack there's no point. Just hold and wait. 5 extra links aren't worth missing the moon mission.

>> No.20379586
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20379586

>>20379417
Or at a 50% loss, who knows. It's just a little experiment I'm doing, wrong or right I will learn a very valuable lesson about uncertainty and emotion management.
For me, it is clear that we are going down short term. I might be wrong so most of my modest stack I won't touch, but shouldn't I put my money where my mouth is when I'm almost sure to be right?

>> No.20379641

>>20379508
I'm not swinging all of my stack of course, so even if we go to the moon for reals this time, which I doubt, I'll still be part of the trip