/biz/ - Business & Finance

>>54466037
k why?

>>54466199
pic relatedd

>>54466037
Hodl means you don't waste time looking at the market.
You just buy and sleep.

ignore suggestions, HODL!

>>54466037
what if you buy the bottom and it never goes to that bottom. then it's a genius strat no? what if you DCA for years? then you hodl for the big pump. no?

if the RoI is low, as in the pic, hodl is retarded.
but if the expected RoI is 10x+, there's enough opportunity there to sacrifice some of the profit, to guarantee a position.

>>54466037
nice taxes retard

>>54466312
imagine living in a country that taxes every single crypto transaction. lmao fucking retard

>>54466037
Time = Money
The more time spent thinking about something like trading is less time I could spend grinding and hustling. Why would I bother worrying about flipping, and taxes, and loss harvesting when I can just buy Chainlink now and have the satisfaction of knowing I'll be a millionaire in 2 years when it hits 1k?

>>54466037
OP is a smoothbrain cum-guzzling faggot. Not even super-intelligent traders and advanced algorithms are able to trade well enough to beat the market.

>>54466354
you can learn to be a swing trader on a very high time frame and take 1 trade a week and look at charts very little. this way you can ride the market both ways without having to obsess about it every day. it takes time to learn though and lots of emotional control so maybe you shouldnt do it since... you know, look at you

>>54466037
swing traders lose everything

>>54466037
Post net worth

>>54466037
Let me teach you something. You keep trying to time the bottom and tops and you will inevitably be priced out and left behind. Buying and holding is a sound method to make money in the upcoming bull market. Securing a single good entry is LESS risky and consumes way less time/effort and gives you less stress as well. I don't know if you value these things anon, but you really should.

>>54466437
not sure why these kinds of ideas are so popular on biz but theyre objectively wrong. theres no such thing as "being left behind". if you enter into a position at an important level that you think will mark a top/bottom and the trade doesnt go your way you just exit it at a small loss and then enter it the other way if its showing strength. its literally that simple

>swing trading looks great in the cases where it's worked out and you're analyzing it in hindsight
No shit retard. You can just as easily draw a graph where the dip the swingie sold on was a fakeout and it lifts off to leave the swingie behind.

>>54466510
people only get left behind if theyre emotionally weak and cant change their bias quickly. if they lost on a trade and refuse to get into the same trade again once it moves either way theyre being emotional and not trading properly

>>54466373
So then who moves the market, god? Give me a break

>>54466534
>if they lost on a trade and refuse to get into the same trade again once it moves either way theyre being emotional and not trading properly
interesting logic.
I'd say the opposite.

>>54466037
Except it can be pretty hard to time the market unless your buying and selling God candles which don't come around often. I'd rather make a little less profit and take way less risk than trying to scalp like your pic related.

>>54466610
in the context of swing trading around big monthly/weekly levels that dont come as often i think what i said applies

Try it for the next 5 years and post results new fag KEK

>>54466705
>monthly/weekly levels
yea, that's fair.
on a day or two or less timeline though, would be my disagreement.

>>54466037
I am in crypto for the last 6 years. My main bags always were btc and eth and I used everything else to increase these bags. I had a convo with friends and BY FAR the best and most profitable strategy for me was just to hodle and sell peak delusion to buy back in lower. I could confidently say that I am a hodler for 95% of the time in those 6 years and I have went from a guy who bearly had all meals a day to a multimillionaire last cycle. The fact that you took so much time to draw that only to cope shows how desperate you bears are. Whoever else is reading this, bro, just fucking hodl and try to sell peak manias. They are easy to spot, bcs during the mania everyone makes money, everything pumps, etc etc. Death to bears, only up from here, baby.

>>54466794
>The fact that you took so much time to draw that only to cope shows how desperate you bears are.
the drawing is around 10 years old.

>>54466037
swingers will always get cucked
EVERY TIEM

>>54466880
DBI swing trader here, how's Le HODL working out?

>>54466384
>swing trading
>not obsessing about charts and market swings

Ill just buy it when its low forget about it until I hear lil based retards like you talk about it loudly and then Ill sell

>>54466037
The graphic is stupid, nobody has ever just bought one thing once and held onto it forever. Even if you're a maxi and only buying one thing, you're going to buy more on the way down. Or the ones who don't want to look at charts just DCA as much as they can afford every week.

>>54466037
HODL is shitcoins is mentally retarded, DCA on BTC is mentally rewarding, aping on NXRA is mind elevating.

>>54466969
No you won't lmao. Hodl fags are always the ones that fall for the "xxx price end of year" shit
You think swing traders bought btc at 60k? Doge at 60 cents? Link at 50 bucks?

Just look at GME for the ultimate example of Hodl fags. 2 years to go up $10

>>54466395
Doubled my stake in BTC by swing trading it you retarded nigger

>>54466037
Because what actually happens is;
Sell: price moons 50% - Pay tax now also.
Buy: Price dumps 300%.
Sell: Pay tax now.
Buy: Price dumps again anyway - reaches 0. GG.

Meanwhile, Hodl chads;
Price goes to $1000. Nothing. No tax. Dumps to -$1500000000 = nothing, no tax. Moons again, to +$152050600050020000 - sells - makes it.

>>54466037
this is why they recommend you invest your portfolio with "an expert" because if everyone knew how to trade the margins would be razor thin. they introduce inefficiency constantly. if everyone was educated on the simple techniques to beat the market there would be no market.

>>54466312
>>54467764
>taxes
>crypto

>>54466037
zoom out

>>54466037
Now do the same with DCA, please... It's important.

>>54466037
you want the retard version ? "i m not buying this fake stuff. i m keeping my money safe in the bank"

>>54466037
>timing the market
imagine doing that retard shit in this stupid ass clown market where nothing makes sense.

or you could do this..

When you factor in time and taxes there's no way trading is worth it. Just hodl and do something enjoyable with your time.

>>54466337
Name 3 (three) countries that don’t tax crypto to crypto.

>>54468041
El Salvador, Zimbabwe, and Ukraine

>>54467988
If you have less time. Dca on btc after a 70% drawdown. Buy only new alts with no bagholders for the next cycle.Sell at mania and get out for the next 2 years. Hodlers are going to get rekt on btc as the RR is worse every cycle

>>54466037
>Retarded OP just post one retarded pictures and leaves the thread
>/biz/ gets mad

>>54466226
This only works if the market cap is big enough

>>54468207
No. I've been sleeping soundly holding a bunch of low mcap shitcoins

>>54466037
I hodl after omicrom and look at me now. Broke.

I only swing trade the macro cycle, it's called buying the cycle bottom and selling the cycle top, one level above brainless hodling is the most profitable strategy. Any more is gambling

>>54466354
Do you unironically believe hodling Chainlink is the answer? More so than BTC or ETH? Just buy a bunch, hodl it, and forget for a couple years?
NO PAJEET ANSWERS. TELL ME IF THIS IS THE WAY YOU BASTERD

>>54468521
Just keep it as part of a portfolio, don't go all in on one coin you will want to kill yourself if it doesn't actually work out and you miss yet another cycle.

>>54468553
Of course, I'd never do that to myself. At the moment I have no linkies... How much do you have if I may ask? Or what percentage of your portfolio is LINK?

Long term hold in a solid project is the best you can do if your a non vc non influencer outsider who isn't privy to the circle jerk and grift.
Buy spot, withdraw to private wallet.
No one can fuck with you. The casino can't fuck with you. You don't play in their scams. And if your a burger, the federal goverment fucks you slightly less through long term cap gains.