J U S T

dude made sick gains during bull market in August, sold his alts low after China FUD, gambled away all his money chasing shitcoin pumps, bought high and sold low all the way down even during last week's bull run

Don’t buy high and then sell low like a dribbling retard

HODLing actually isn’t the best way to maximize profits but it is the safest strategy.

The worst strategy is FOMO combined with panic selling which is probably what this retard redditor did.

If it's true we need to get him off reddit and bring him over here. He's one of us.

>tfw I only lost 5% because i'm gambling with 10% of my holdings max

>Literally bought high sold low

I literally did fucking nothing but hold BTC, LTC, and NEO with $1,000 since June and we've arrived at the same amount of money. He deserved to lose it all if he was that retarded.

The Veeky Forums way

what the fuck am I even reading? he was literally buying high and selling low all the time. how do people like him can even afford 10 bitcoins?

>The worst strategy is FOMO combined with panic selling which is probably what this retard redditor did.
That was me my first two months. I was like 30-40% down. Did an embarrasing amount of bad decisions.

Luckilly I got better at researching and getting into good projects and HODL. I still do some swing trades if I'm comfortable enough, yesterday for example I rode the LINK P&D and made 15% profit.

I'm over 3x now.

Holy shit the state of crossboarding lazy clowns who are too lazy to read 30 seconds worth of text. Never going to make it.

around that time BTC was "only" $1000-2000, so a $15k investment at that time would give you 10 BTC, not that much money if you've got a decent job.

In an interview with Warren Buffet he said the problem with most investors is they make too many moves. He turns down projects that don't suit him and only day trades if HE'S CERTAIN it'll make money...

How to avoid being this guy?

Never sell when red?

buy high sell low

Buy sell.

You can't.
This guy got really unlucky though.

People ITT act like you could lose money on purpose.
Guess what, if that was possible you could also gain money on purpose. Which means making 100% of positive trades.
You'd be a billionaire.

This thread is only brainlets pretending they can predict markets and never sold lower than they bought.

My problem at the start was that I fell for the hodl meme. I bought OMG at $3, WTC at $2 but never sold until way later. Also I didn't get rid of LINK after sibos. HODL is the worst thing people preach.

hodling means actually keeping your coins for a year at the least you impatient fucking mong

you're supposed to hold it till you can sell it with profit or just hold it enjoy small but steady gains

Both those coins are higher now

You didn't fucking hodl. Over a year, hodl beats daytraders 9/10 times.

>I would buy a coin, and if it dropped I would sell it

hahahahaha that's the Veeky Forums way! Buy high sell low!

>My problem at the start was that I fell for the hodl meme. I bought OMG at $3, WTC at $2 but never sold until way later.
>OMG $10
>WTC $8
So... I'm failing to see what's the issue here.

Barely tripled his coins during the biggest bullrun in the history of crypto before losing it all. This is supposed to mean anything to me? Are you having a joke, friend?

the HODL meme is meant for BTC, the king. Not random scamcoins that are meant to take your money from you.

This.

I still day trade but only with like 10% of my total value, and I ALWAYS END UP FUCKING LOSING.

AGHHHHHHHHHHHHHH!!!!!!!!!!!!!!

FUUUUUUUUUUUUUUUUUUUUUUUCCCCCCCCCCCCKKKKKKKKKKKKKKKK.

My hodl coins though (Mainly Bitcoin, Ethereum, and Aeternity) have been doing well just by not doing anything with them.

I didn't sell when it was the hype and I could have made a lot more money with it. I could have sold the tops and bought the bottoms. That's what I do now

wtc lost 75% of its sats value and neo like 80%
he could have 4 times the money

when you got decently early in a moon mission you need to be realist, also feel when the hypes runs out
walton has been at a huge marketcap for a company what won't work before october 2019, so selling at 300% profit was what I did, so at 150k sats

omise, even if I don't like it, has potential to go higher, so taking your investement + 100% and letting the rest go is a good and safe move
that's what I did with iota too

This too. Hodl mainly works with just Bitcoin only. I tried it with Bitcoin Cash (had around 20 Bitcoin Cash) AND IT DIDN'"T FUCKING WORK.

FUUUUUUUUUUUUUUUUUUUCKKKKKKKKKKKKKKKKKKKK!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Who knows how much money I have lost on that shit. Maybe several Bitcoins already.

Yea I'm doing better now. I got into IOTA at 80 cents and sold 75% at $4.something

Pump & dumpers should make this type of guys fidelity cards or smth ...

>buy coin
>sell it when it drops slightly

How I lose monies guys?

I started around the same time as him. I lost bitcoin value by putting my money in the wrong place at the wrong time. I have made more than double my fiat which is a small consolidation prize. In addition to that i got a head gasket and a clutch job on my truck.

I have however learned from my mistake and am on track to getting my bitcoin value back by spring and probably quadrupling my fiat value.

That guy is a moron. Selling instantly when the price drops? Buy high, sell low huh. Never panic sell, watch the trends. Trend is your friend.

>HODLing actually isn’t the best way to maximize profits but it is the safest strategy
>it is the safest strategy

Which is why its the best way to maximize your profits for 99.9% of people. Unless you have a crystal ball or you've got a ton of money to lose in order to gain experience there is no better way.

>buy coin
>sell when it goes up slightly

infinite money guys

just hold forever, it won't drop for months and months and lose 60% of its value

Buy high sell low meme made real. Weak hands. Thanks for the bags friendo

Well that, and he lives by the golden rule of only investing in something you understand. Most of the chimps and chumps trying to buy crypto now do not follow that rule. Since they do not follow that rule they don't see the signs of a scam coin or when the coin they've invested in is going nowhere fast.

wow glad I held at a loss for 8 months, now I'm only down 75% thanks to the crazy bull run

Why are you defending some stupid cunt who traded his way to the poorhouse during a dream bull run

Started with $400 in June just like this dude, put in another $700 in August, and have ~$2600 now.

I mean I fucked up big time (lost most of the $700 in Blockcat and Stox faggotry) but I still made $1500 overall just through HODLing. Why do people with no clue constantly try to play the market like some aspiring Warren Buffet, especially when the whole market is trending upward at such an incredible rate?

Do you realise how stupid you are ?
With your logic it would be easy to make infinite money.
Just buy low and wait to go higher, it can only work !!
Just hold !
Don't panic sell !!

I never sold lower than I bought I'm literally a god !

He got fucking unlucky that's it.
There's no 100% sure way of making money.
I can give you 99.9% to double your money or lose it all and you'd be a retard not taking the chance. But you can still lose.

Your "just hold" logic is even worse that's it.

>and never sold lower than they bought.
literally never did that

That guy was me in forex trading years ago. The lessons learned then allowed me to redeem myself today

The stupidity is almost painful...
On one hand I'm fucking amazed by people trading just on, what seems like, pure fucking feels. No strategy, no rudimentary model, no risk assessment. Even shitty TA would have been better than just dumbfuck gambling.
On the other, this market is so fucking retarded that the arb opportunities are ridiculously easy to take advantage of.
I hope crypto serves as a gateway drug to more financial gambling and we get to ETFs and other derivatives in a year or two. If all the idiots fomo into that shit will be even more profitable.

Get off your phone OP you stupid cunt

I buy alts based on biz shilling. If you have an ounce of patience the returns have been amazing lol

digibyte will make a comeback in 2050, just you wait!

I almost did what this guy did to a T, but I did come out with $700 on 10k investment. I feel him.

>BTC value

Stfu

>pure feels

The markets are pure human emotion. Fear and euphoria as other have called it.

Fair enough really, you are a "news-watcher" by definition and thats a type of strat of sorts lol. Still better than literally buying high and selling whenever there's slight downward movement. I use biz shilling as part of a market sentiment model (small part) so I'm with you there.
I cant make sense of this guy not taking out any profits, this is akin to being way the fuck up at the casinos and staying in with money you cant afford to lose.

How the fuck is this possible? I've panicsold, FOMO'd, bought high and sold low, and I'm still 4k -> 33k since January.

>literally buying high and selling low

If he did the opposite he could have had 300 btc by now

This market for sure. "The markets" partially true, partially all watched over by machines of loving grace.

what's the point of holding an alt if it can't fucking outperform BTC? whether you like it or not, bitcoin is the gateway currency and standard of the crypto market, if you can't outperform that you're cucking yourself out of gains.
it's like buying a shovel that would keep increasing in value, but you completely ruin it by digging in shitty soil, in the hopes you find some gold.

>didn’t read
That is very clear you total mongoloid.

Someone who doesn't knows how to trade can easily achieve this.

You sure are worked up over everyone making fun of this drooling reddit retard.

>reading an unproductive story that won't make me money
haha gee wizz he sure missed out

Postpones the inevitable. One of the good things about crypto is it gets the crash over quickly and you can get back to business.

>what's the point of holding an alt if it can't fucking outperform BTC?
To make money.

don't try and trade, just pick good coins and hold. Watch satoshi value not the fiat. NEVER trade if bitcoin is on a bull run, wait (months if needed) for your ALT p[rice to correct themselves.

The inevitable what? Collapse of market capitalism? 2edgy4me my man, 2edgy4me lol

Serves him right. He should of bought Bitbean

Bots will shut "the market" down if it drops to fast to quickly, One of the reasons it takes it 10 years to recover.

A rather nuanced view of market microstructure

So you would rather be tortured over a period of 10 years rather than get shot in the gut once and rushed to the hospital.

Whatever floats your boat friend.