Dear fellow lurkers

MOTIVATIONAL POST:
Part1:
Since I've seen so many pink wojacks lately and people losing money because they ignore the fundamentals of investing I'll give you some pointers and summarize my experiences. Daytraders, experienced coiners and whales BTFO. Newfags only.

- Ignore the fucking meme lines from TA (technical analysis). They are called meme lines for a reason because they are as accurate as fucking astrology. TA means shit in a sector where the price is 90% related to news, hype and FOMO.

- Don't buy into a coin that already pumped no matter how much FOMO you have. Never, ever do that. Chances increase you will lose a lot of money the more pumped something already is. This way you can also lose money in fucking solid coins because even when a project is kicking ass, there is volatility and manipulation. Never do that. I know this is hard to understand, because it directly opposes /biz' prefered investment style since they execute the "buy high sell low" strategy perfectly at all times. Latest example: Link. Good coin, bad investment point -> pink wojacks

- So to avoid that, get a good entry point and don't buy in when something pumped x3 in the last days / weeks and expect it to pump further. Can happen, but chances are it won't. Just wait some days, be patient. Don't focus on one coin too much and don't marry it. Search for multiple projects, write them down and keep observing them. "Be greedy when others are fearful". When there are bad news, consider to buy after something otherwise solid droped 25%. It almost always recovers. (No, DGB didn't and never will).

- Keep 30-50% of your overall portfolio in BTC, even if you think you miss out on alts. This way you don't miss out when BTC pumps and your bleeding alts won't matter so much. BTC always pumps when you least expect it, usually before a shakeout of long positions (like currently) and when people think "now I can finally invest in my alts again".

Part2:
- Prepare to hold for months. You don't get rich by fucking daytrading. Hold long when the signs are good. Ignore blockfolio and ignore weekend sell offs if youre holding. Consider buying more on sales. Don't sell at a loss if it is not neccessary. I made tons of money of money by just holding and the less trades I did, the better. I did hold Iconomi and ARK, and just by doing so 6 months I made x10 two times when I finally sold off. I sold too early, but still a lot of money. Why? Because the entry point was good. I bought Iconomi at 0.25$ and Ark as well at 0.25$. So search for undervalued projects with low market cap and DO YOUR OWN RESEARCH. Don't buy if already pumped. Again: Hold for some months.

- Only believe statements on Biz that actually offer any source or confirmation and only accept logical reasoning. Ignore everything else. Don't argue with brainlets, just suck up the information and trends. Ignore the FUD, since it is just a shakeout of paper hands most of the time, especially when no arguments, sources or logical reasoning is given. People usually only FUD when there is much to gain for them. Or if they are really sad human beings that thrive on making others doubt their decisions. Don't worry about them, they will burn in hell anyway.

- Don't be weak. You are your greatest enemy and patience is your greatest ressource. Don't sit in front of the computer all day watching the graphs and have other meaningful activity, like socializing and sports. Coiners are a huge turn-on for girls. You could pretty much get any girls juices flowing by just telling that you hold digital coins.

- Believe in meme magic and don't invest if you don't think blockchain will not fundamentally change the finance technology sector.

3 years later: Congrats user, you made it. Your strong will finally paid off, your single Bitcoin may now buy you a mansion, a beautiful asian wife and 2 lambos. Rejoice. Pic related.

W-we're all gonna make it, r-right user?

Good advice user. Something rarely found on Veeky Forums

Very well written post, user. Its nice taking a break from all the fud/fomo/pink wojaks/scam shitposting. Have a bump.

Remember, SHABOOEY WILLS IT

Veeky Forums used to be like this. But it's not anymore. It's overrun by /pol/tards and kikes

>/pol/tards and kikes
>theres only two things I hate in this world: racism and niggers

God bless you user, live and prosper

/pol/tards are posting pink wojaks and the kikes are shilling.

Back before you assholes came here like in May/April, this was a place where every coin that was shilled actually gave us a profit.