/biz/ - Business & Finance

yep, it's an important iq test in finance

money doesn't come from effort, merely from insight and patience

>>55815791
Yeah I also realized all I had to do was maybe 2-3 trades for the entire year and I would have 2-3X'd my 200k

Instead I made 1000s of trades and ended up losing everything.

>>55815782
>Was not listening to the people who said just to DCA and HODL
>
>But instead listening to the
>
>>BRO HODLING IS A MEME,

What about HODLIN the top, would that be better dummy

The two times I fell for the hodl meme it cost me massively. Hodl only works if you buy after the crash has bottomed, then sell when it swings back up.

>>55815782
I honestly dont believe you, how tf can you lose 547 dollars on average for an entire year.

>>55816003
You still haven't learned anything. HODL does work even if you buy the top, in which case you should be DCA on the way down. Swingies get the rope

>>55816003
>Hodl only works if you buy after the crash has bottomed, then sell when it swings back up.
And guess where we are now
>inb4 $10k fudfags
Take your own advice

>>55815782
Trading is for fags who want to appear smart. Just buy a shitcoin and when it 2x or 3x you sell and move on. Both hodling and trading are equally as stupid.

>>55816003
I held link from $50 and… yeah fuck hodl

>>55815782
>just to DCA and HODL

It is just that easy.

>>55815782
yea trading is a meme predicting bear and bull markets is actually impossible

>>55816380
Completely arbitrary.

>Buy 100 shitcoins
>90 of them do a 1.5x
>10 of them do a 10x but it doesn't matter because you sold them after a 2x

>>55815782
Day trading is a meme.
Buying and selling in time is note
DCA big name safe bets is the retard-proof method

>>55815804
This. Maybe 1 trade a year in the last 4 years was the sweet spot.

>>55815804
>>55816502
Completely arbitrary. One or 2 trades would have helped you make it? Ok which ones? And why where those trades only obvious after they already had happened?

There is a scale between HODLing and trading. The closer on that scale you get to HODLing, the higher your chance of success. Making 1 or 2 trades per year is much closer to HODLing on that scale, than it is to trading. But it opens your portfolio to risk since it only takes one single trade to wipe you out or come close to it. At the same time, if that 1 trade ends up working out, you're not doing that much better than the people who just held. Better to just HODL. Idk why this is so hard for people to grasp. We have already seen that with Bitcoin and Eth. Virtually everyone who ever made it from those 2 coins were just HODLing. Stop trading, brainlets.

>>55816556
>One or 2 trades would have helped you make it? Ok which ones?

At one point I had traded all my Bitcoin for XRP when XRP was at 0.40, had something like 520k XRP

Then it dumped down to 0.37 and I got shaken out of the trade in fear.

Id have made out with a nice chunk of Bitcoin if I held that trade a few months.

>>55816644
So that trade was only obvious after it had already happened, else you wouldn't have got shaken out in real time. Hindsight is 20/20

>>55816556
I think trading is a necessity if you're buying anything other than BTC even other established large caps (ETH/LINK/LTC etc.). At this point BTC returns won't really make much difference in the average anon's life now I'm guessing a lot of the poorer among us are in alts.

>>55815782
Don't have time for trading lately, so I'm just holding tight, anon. Currently holding Krest in Talisman wallet for Peaq's airdrop. Gotta play it smart with our decisions sometimes, but it's up to you, anon. I'm also holding kava, reef, matic and Iris.

>>55816443
Then stay poor while you hodl for muh 1000x. People here are fucking stupid.

>>55816973
Hi Mr. DunningKreuger. If you bought a shitcoin that ended up going 1000x but you sold after a 2x, you lost money. Money that could've been used to offset the losses from the hundreds of other shitcoins that you bought didn't go up

>>55815782
Trading on its own isn't bad, but statistically holding is more profitable for more people.
I trade only on Vet, Tomo and Pepe and almost all my day trading have been sucessful, cos i learned that not being greedy is key
I stake 100% of my eth on Trustwallet, Ride and Itheum on X exchange and a few other coins on metamask.

>>55817008
Oh yeah? How many 1000x have you done? Oh zero? Interesting. On the other hand I've done probably 100 2x or 3x. Take your profit and leave. Crypto is all a scam. You are the stupid money that I keep taking so please don't stop.

>you can hold and gamble
>you can trade and gamble
everything is a gamble

>>55817187
100 2xs? Wow you must be a trillionaire by now

>>55817253
No because I don't put all my money on one shitcoin. I spread it out to hedge for failing shitcoins. Use your head, anon.

>>55817796
>put $1000 on 20 different shitcoins and cash out after a 2x (as long as it doesn't go to zero)
vs
>put $20,000 on Bitcoin and cash out after a 2x

I bet youre the kind of trader (read gambler) with multiple monitors and at least 10 indicators on each screen

>>55815782
listen folks the hardest, absolute hardest part of trading is DOING NOTHING. i'm telling you all, if you DONT KNOW what to do, then DO NOTHING. there are moments where it's a SURE THING when you jump in. go for singles, even over long periods of time. that's all. not meming

>>55816556
when market is down a lot put into TQQQ. When market goes up a lot put it in QQQ. Repeat

>>55817915
>dude just buy low and sell high

The only ones 100% guaranteed to make it are the permabulls who DCA as long as it takes

Hodling hasn't served me too well over the last couple years either, and with the way things are going with the SEC, the future of crypto (or at least altcoins) is looking fairly bleak. At least a majority of my holdings are tied up in ETH.

>>55818097
Not only does HODL protect you from selling the bottom, it protects against selling too early in the bullrun. Of course it looks like it has been a waste of time and money while we are at the bottom of the bear market. But it goes both ways and you'll be thankful to yourself that you decided to pick the "dumb" way to invest

>>55815782
Retards will always get punished for listening to the Jews, keep a date with future staking programs where Elfin NFTs will come with fantastic perks.

>>55816261
This is the truth, but biztards will quote your comment with a soijak

>>55815782
STFU. Trading meme is risky and I won't advice that. Hold utility driven project like COTI, CYMi and UTK.

>>55817253
You shouldn't be left out as AstraDAO and iToken provides good staking rewards. The platform itself is non custodial with indexing advantages.

>>55818136
>>55818097
at what point do you stop HODLing these alts? i usually sell half when it doubles and let it ride to what I think is peak bullrun. Idk if this is optimal statistically speaking though

>>55816261
>>55818227
>BRO JUST BUY AT 20K IN 2017 YOU'LL BE BACK IN 2021 WITH 69K
OH FUCK A 3.5x DAMN DUDE THAT WOULD BE AWESOME

>>55818267
hodl until when?

>>55815782
>>55815782
>>BRO HODLING IS A MEME, YOU MAKE SO MUCH MORE MONEY TRADING, STOP BEING LAZY
One year, working minimum wage, zero education, no parents, GED, drunk and addicted to drugs, one year DCA and HODLing.
Started with 20 bucks, watched it go down to 12 bucks and bought some more.
I did this with shiba inu and BTC.

>>55816402
>I held link from $50 and
>I bought it pumped and I didn't sell.
Always sell when your portfolio hits a new ATH.

>>55817187
>How many 1000x have you done?
Well shiba inu is up 700k%

>>55818077
Thank you.
I'm gonna invest more into shiba inu if it dumps a zero but let's be frank, even without shibarium it can still pump.

>>55816502
Maybe a little to stringent, but you have the right idea for sure.

>>55818553
Oh and I was also homeless multiple times and been in jail once.
You can DCA and you should DCA. Dumb as fuck to call crypto a scam when you're too stupid to learn economics.
What's it like knowing a dropout slash burnout with no parents and no education is making money (slowly, albeit.)

>>55818485
General advice is to stay away from alts unless its something really special. You want to pick alts that you know will have future demand. That way you will feel comfortable DCA into them, even if these coins bleed for months/years. I can only think of maybe 3 alts that are not just a copy paste of something that already exists. As for when to sell, either hold forever, knowing that there will always be demand for these coins because you picked them for their strong fundamentals, and loan them out for interest. Or sell when you reach your make it number, regardless of whether it looks like the price may continue going up or down. If the bullrun peaks before you have reached your make it number, start DCA again and you will have made it by the time the next bullrun is halfway finished.

Before 2020, the common sentiment amongst oldfags was to split your port into BTC/ETH/LINK.
Me personally, I would remove BTC from that list but take that with a grain of salt.

>>55818508
DCA throughout the bear market to lower your average and that 3.5x becomes bigger. The more you buy when it is down, the higher your multiplier

>>55816380
Every shitcoin I got now are sold off in profits except the ones rugged by greedy ass devs. The only time you can DCA and hodl >>55815782 is in solid gems be it Qnt, Sylo, Metis, and KAS, big gems with growth potential, spread funds across 'em

>>55818577
I wasnt talking about DCA into garbage shitcoins. You got lucky. Take the money and run into something more sensible

>be me
>master trader
>been trading since pokemon cards
>don't need any indicators other than current price
>so powerful i limit myself to 1 trade per year so i don't destroy the economy
i am succeed

>>55818607
>maybe 3 alts that are not just a copy paste of something that already exists
which would these be?
>Before 2020, the common sentiment amongst oldfags was to split your port into BTC/ETH/LINK.
Yeah, this was my portfolio last cycle and it did well and I actually never sold, but I'm thinking of consolidating just to ETH and stacking more of it every paycheck while I focus on building my income and enjoying life. It seems that's the best risk/reward. Sometimes I do dabble in alts for fun, like PEPE but I'll self 1/2 after it doubles and just not look at it at all. Anything I put into I expect to lose too.

>>55816261
I caught the falling knife all of 2022 and it was a traumatizing experience. I wish I had accumulated cash and then start buying only after the LUNA crash. I'm selling 90% of my crypto in the next euphoria phase, I'm not making the same mistake again desu desu.

>>55818708
>which would these be?
I don't want to turn this thread into a jeet bazar so I won't name them. However, these coins are stupidly obvious buys. They provide something than no other crypto in it's subcategory does, and does so flawlessly from a tech standpoint. Only negative thing you can possibly say is the price action has been lackluster, which is a positive thing depending on how you look at it kek. Shouldn't be hard at all to know which ones I'm talking about if you have half a braincell and a lot of patience. Good luck

>>55818660
Based chad, I only invest in alts with utility like Krest and Dot which fit into what DePIN is bringing to the space with tokenization of physical infrastructure.

>>55815782
Trading can work and honestly I wish I had known it earlier. I fell for the "just hold bro" meme pretty hard in the beginning and basically just held some shitcoins to 10-50x and then all the way back to almost where I bought them at(they're up maybe 2x or less at this point). While technically not really losing money that does leave a lot of gains on the table.

The thing with trading though it takes a lot more time and effort than simply buying and holding which is literally almost zero time and effort.