/biz/ - Business & Finance

[Anonymous No.30354493]

How do you cope with selling too early? I have 10k spread across DOT, BNB and BTC long term. Using an additional 3k to swing trade shitcoins. I'm consistently making $50 - $100 and I guess I should be happy about not losing anything, it still gets to me when the price keeps going up right after selling.

[Anonymous No.30354493,1]

I just remind myself that it's a ponzi. Perfect timing is impossible. Coming out with profit is better than 50%

[Anonymous No.30354703]

>>30354493
Get out of BNB

[Anonymous No.30354794]

>>30354703
Explain

[Anonymous No.30354900]

>>30354794
Its not a good pick long term. It only meme'd into existence because of high gas fees. It is still centralized, and I almost only see it being used for shitty farms that arent even guaranteed to last the year. Its just nowhere near as good as what BTC or (imo especially DOT) can do. Dot has a lot more going for it, I really feel its like ETH in 2016/early17

[Anonymous No.30355129]

>>30354900
It seemed like a fairly safe pick to me, given I started trading on Binance and how much one can benefit from holding BNB there. I'll give it some thought then and maybe wait until it's back at ~250. Got out of ADA a few days ago before I had any losses.

[Anonymous No.30355278]

>>30354493
>I have 10k spread across DOT, BNB and BTC
Overdiversified. At five figures, one of the better strategies is to consolidate 10k minimum of a "major stack" at a coin with value for expected x2-x5 returns. Keep adding major stacks rounded in the $10.000s until you have a four-figure leftover, which you then use to hit undervalued microcaps (minor stack). As soon as your minor stack turns into 11k+, you move the 10k to a major stack, and start over again.

[Anonymous No.30355648]

>>30355278
Sounds like a sound strategy. Except what coin has a value for expected x2-x5 return within a 1-2 year time frame?

[Anonymous No.30355825]

>>30355648
DOT

[Anonymous No.30355886]

I tell myself that taking 10%-20% profits consistently is a proven way to grow wealth and getting greedy can destroy your capital.

[Anonymous No.30355899]

>>30355648
Personally im all in on DEXG, its a dex that is launching this year and extremely undervalued mcap wise. It hasnt been shilled because the team is focusing on developing and has a locked supply of 55k. DOT is likely safer, but DEXG mainnet is launching this month and i really and expecting 2x at bare minimum

[Anonymous No.30356151]

>>30355648
Not 1-2 years, more like 1-3 months. For major stacks, I wouldn't mess with top 100 until you're well into the six figures. The opportunity cost is just way too high. I limit myself to Rank 300 and under.
Ideally, you want to systematically go through every single New Coingecko listing on the daily, as well as all uniswap coins with less than an x3 movement from absolute bottom in the last 2-3 months. Scouring /biz/ for major stack opportunities is an okay first step, being in highly active Telegram groups with high-trust people is a better second step, doing the research on your own is a much better third step. The chances of you making money increase as you go further that path. It's really not that complicated once you get down to it.

[Anonymous No.30356336]

>>30355899
I suppose DEXGies will have their day eventually. But this has definitely been shilled, and has seen little price action.

>>30355886
Maybe in stocks. I would bump it up to 40% in volatile markets, since the chance of getting consistent -10%s is much higher too. A lot of the boomer advice you hear that works well for stocks doesn't work for crypto, it's really uncharted territory.

[Anonymous No.30356416]

>>30354900
>It is still centralized
>he hasn't seen the new medium article
Anons, who is going to tell him?

[Anonymous No.30356503]

>>30356336
>I suppose DEXGies will have their day eventually.
Yeah as in this month
>But this has definitely been shilled, and has seen little price action.
Not to the same amount as something like Rubic. Daily threads werent even a thing a month ago. Be sure to remind of yourself of this conversation in a month.

[Anonymous No.30356511]

I feel you anon. Had I not sold asko early. I would have made an additional 10k the following morning.
Had I not sold hoge during the first pump, it’d be worth 200k right now. But then I do the opposite and hold onto things like sake, or whl and instead of making a few grand off of them, I’m barely sitting at even. If I’ve learned anything it’s just to lose all emotion tied to the market, place money into projects that will actually do great things over the course of a year and then don’t pay attention to it at all. Assume that money is gone from your life and look back later to see what surprise you might have. The constant creeping up of cash is fucking mentally crushing

[Anonymous No.30356589]

>>30356503
>unwarranted passive aggressive shilling, believing it can actually lead to anyone buying
You remind me of myself when I started out. You'll see the light eventually.

[Anonymous No.30356803]

>>30356511
That's what I am sort of trying to do which is why I specifically set aside a small amount to swing trade because it's actually /fun/ but being consistently confronted with the money you're missing out on is depressing. At the very least I've never panicsold/-bought

>>30356151
I guess I'll get into the technicalities a bit more then. Having a more "organized" way of approaching things sounds comfy.

[Anonymous No.30356826]

>>30356589
Not even shilling anon, i'm responding to what you said. And the remember in a month thing isn't even a shill, I just want to make sure you remember. If that alone is getting to you, I don't know what to tell you.

[Anonymous No.30356942]

>>30355129
Lol you didn't make any money on ada? I have some bad news for you if you really think bnb will go back to 250. You're a fomo trader and you are absolutely going to lose money by fomoing into normie coins

[Anonymous No.30357012]

>>30355648
I have a 50k stack of ONE that I'm pretty happy with. ONE has gone from $0.0107 to $0.0373 in a month and it went over $0.04 within the last 24 hours. I think it still plenty more room to grow and the price is finally taking off after being in <$0.01 hell for a while. If you can get at least 100k if not more. Obviously there are no guarantees but I think it's going to come in to its own soon.

[Anonymous No.30357033]

>>30356942
I got into it literally a day before BTC shit the bed hard a few weeks ago. Last thing I wanted to do is invest in anything BUT normie coins.

[Anonymous No.30357110]

>>30356942
We will remember that at the end of April when we are hitting new ATH.

[Anonymous No.30357514]

>>30356151
>you want to systematically go through every single New Coingecko listing on the daily, as well as all uniswap coins with less than an x3 movement from absolute bottom in the last 2-3 months
and look for what exactly? projects and opportunities that seem legit enough for me to not lose everything in a heartbeat? I'm aware that the most growth can be expected from new opportunities but are there some distinct features to look out for?

[Anonymous No.30357607]

>>30354493
I dont have to cope about selling early because I'm not a branlet selling early
Seriously, look at btc pi cycle top, we're not even half way there yet

[Anonymous No.30357856]

>>30357514
>projects and opportunities that seem legit enough for me to not lose everything in a heartbeat
Yes. 95% are trash, but there's about 1-2 a week that you could probably move five figures into pretty much risk free. I suspect that that's also what some of the better undiscovered shillers do, like unihaxxor. I have a list of about fifty parameters I fill out for every coin, along with a conclusion at the end. Again, it's not hard, it's more like bashing your head against objects until one of them breaks.

PS. One day I'll put all that data in a simple logistic regression ML model on Python, see if something more than GIGO happens.