[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]

2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

File: 174 KB, 1920x1080, QQQQ.jpg [View same] [iqdb] [saucenao] [google]

7095208

Anonymous Tue Jan 30 06:05:18 2018 No.7095208 [Reply] [Original]

>What I would say to you is that your biggest enemy in this space is boredom, right? If you look at your trading, maybe you’ve done your own thing and you see where maybe you bought something and maybe you doubled or maybe you made 50% and you said, “Oh my goodness, everything else is going crazy. This thing is not doing anything; I’m going to get out and go look for the bigger, better thing.”

>Then what happens? A month later, three months later, six months later, the thing you sold out of goes up 10X, 20X, 30X, or 50X, I mean it just has this major move. There was nothing wrong with the underlying project other than that the price did not move in the timeframe you wanted it to.

>So, what I would suggest is if you have projects you love and that make sense and as long as nothing has changed negatively within the project, give the project time to grow. Give it time to gain greater adoption. Give it time to get their story out. Because otherwise you’ll find yourself chasing from idea, to idea, to idea, losing money on transactions, losing money on bad ideas, when really all you needed to do was find a few great ideas, hold them, and just let them print wealth for you.

>>	Anonymous Tue Jan 30 06:07:08 2018 No.7095233 >>7095208 Holding for 50% long term capital gains tax on everything.

>>	Anonymous Tue Jan 30 06:07:33 2018 No.7095241 >>7095208 >2018 >thinks anything will x20 again im sorry OP we just didnt make it

>>

Anonymous Tue Jan 30 06:09:27 2018 No.7095270
File: 29 KB, 480x411, soul.jpg [View same] [iqdb] [saucenao] [google]

>>7095233

>living in burgerland

Get yourself in a decent country

>>7095241

Why are you so pessimistic? It has already happened and it will keep happening. Blockchain is here to stay.

>>	Anonymous Tue Jan 30 06:09:47 2018 No.7095276 >>7095208 Solid advice

>>	Anonymous Tue Jan 30 06:11:09 2018 No.7095299 Word.

>>

Anonymous Tue Jan 30 06:16:59 2018 No.7095400
File: 70 KB, 717x960, cat vodka.jpg [View same] [iqdb] [saucenao] [google]

>>7095208

> Now, we’re not going to get it right all the time, right? And that’s why we use adequate position sizing, proper position sizing, and we have this broad base of names and we just, we leave them be. I mean, once they’re in that long-term portfolio, we leave them be, and we let them just print wealth for us. And that’s really been working for the last two years, and I think that will continue to work.

> Now, of course at some point, we’ll go into—you know right now, we’re in kind of this planting mode and at some point, we’ll go into a harvesting mode where we harvest into fiat. But we’re not there yet, it’s too early. Of course, we’re going to have to deal with volatility, that’s the price paid to action when you’re involved in cryptocurrencies. But so long as you have position sized properly and have a diverse holding of names—which we do—then you really shouldn’t let the volatility get to you.

> I think the two most painful things in the cryptocurrency market are, one, when you sell a name prematurely and it moons, that’s difficult. And I think the second is when you see the portfolio rise dramatically and maybe you see your net worth go to $2 million, and then a week later, it’s at $850,000 and you’re thinking, “Oh my God, why didn’t I sell?”

> That’s difficult to go through and I can understand that, but it’s absolutely necessary to go through that if you want to make massive gains. I’m talking about, you know, life-changing massive, massive, massive gains. You’ve got to sit through that volatility. But if you do that, I think you’re going to be extremely well-rewarded.

>>	Crazy8 !!8SYuOqSseJW Tue Jan 30 06:21:57 2018 No.7095460 >>7095208 I would advice anyone here yo buy Cindicator ($CND). I am not even gonna shill, just go do it. You will thank me later in the year, name is Crazy8.

>>	Crazy8 !!8SYuOqSseJW Tue Jan 30 06:31:18 2018 No.7095598 File: 979 KB, 1361x1086, by apple.png [View same] [iqdb] [saucenao] [google] >>7095208

>>	Anonymous Tue Jan 30 06:42:28 2018 No.7095799 Balls deep in rlc and strat. No doubts and titans grip.

>>	Crazy8 !!8SYuOqSseJW Tue Jan 30 06:58:03 2018 No.7096089 Bump.

>>	Anonymous Tue Jan 30 07:10:25 2018 No.7096295 RLC is a good buy, but if it could stop raping me in the ass this morning I would be appreciative.

>>	Crazy8 !!8SYuOqSseJW Tue Jan 30 07:17:45 2018 No.7096454 File: 3 KB, 125x119, hilarious.jpg [View same] [iqdb] [saucenao] [google] >>7096295 True.

>>	Anonymous Tue Jan 30 07:20:38 2018 No.7096501 Just bought 20k BZC, who cares, maybe it'll get to the normies.

>>	Anonymous Tue Jan 30 07:42:13 2018 No.7096921 >>7096295 Why are you concerned about the price now? You do realize this will become top 10 crypto, right?