Hodling vs trading

A shit ton of research and 85% of that locked in hold.
Some luck of course.
But your authoritarian
>>I know better than you
Is no better than my luck

Started 2 months ago with .83 BTC now I have 1.41

Never risk more than 10 %-20% of portfolio.
Research a shit out of the coins.
Invest to hold in shit that has real life application, preferably good backers, whitelist.
Ask around.
Think
10-20% - research possible solid coins but the coin is 50/50- that's my " gamble " stack.

Hodl 93% and trade 7%.

why risk even 10%?
aren't you wasting the most valuable thing {time}

In this 5 days I won consistently.
Lost just because of stupid mistakes (Never but coins drunk)

Look. Obviously gambling is a lose/lose situation.
I guess authoritarian sounding cannons annoy me and turn on my contrarian.

Over time you start averaging towards your true skill level, which for 90% of people is no skill.

how to become a millionaire with $1000

well you need to 1000x your money, right?

simple with compound interest.

>trade for 2% gains only, period
>go all in every trade
>2% stop loss on every trade

ok so it's going to take it's going to take 348 successful trades.

>fail 49% of your trades like a retard and only manage to win 51%

so 682 trades

>10 trades a day

only takes 68.2 days to go from pajeet to millionaire. why haven't you done it yet? can't pick out an easy 2% gains 51% of the time? LMFAO.

Because I figured that I have 50/50 chance woth gambling on the coins.
It's either going to make it or not.
If it's not moving for 3 days or dropping like a stone I drop it.
One of my failed coins was CND for example. It was in my gambling stack. It's not a complete shit coin. I had to drop it though.

I like gambling

This....makes sense. How long would you hold a coin if it just... doesn't move?

you need 10 trades a day so if your trading day is 8 hours max you ever hold is 48 minutes

>luck
no its called skill

"gambling" is a game
and some strategies are better, its not luck if you consistently win more than you lose over time

unironically this i've gone 7x my principle so far and never lost more than 10% in a single trade. all in every time, never use stop loss and never hold a coin for more than an hour, never sleep with your money in crypto

I unironically completely agree.
I'm definitely far from an expert and I'm actually pretty scared at how well I did. So I'm checking my transactions and rereading what I already read to make sure that I'm not just completely lucky.
So far it looks like on the gambling part I just bet the best shit coins.
Whay I'm holding though are not shitcoins- these are coins that stayed green(double digits) when bitcoin went on a walk from a cliff. 2 nights in a row.

>2% stop loss
youll be losing all your money to trade fees as you switch positions every 10 mins

>Less than a week

You WILL eventually run into a losing streak, or even just have all your gains wiped out in one bad trade. The seasoned traders know how to prepare for these and how to manage risk. If you look at almost all blockfolios on here in BTC terms, they have a big spike but then start falling over time because they get cocky and think their luck lasts forever. It's the law of probability, you WILL average towards your true skill level.

I think holding is the safest bet for me at the moment, I have zero knowledge on finances, statistics, trading etc and my mathematics are shit. I'll just buy coins with the most interesting real-world application.

oh look, bitcoin is going sideways, bouncing between 14500 and 12500 for the past couple days
>I bought in above 15k, lol HODL boys! LE STeEL HAnds! into the bunker XXXDDDD look at these normies, StoP FuDDING you fucks!
>oh look, I've been keeping an eye on the market for a while and can clearly see the big resistance levels and the floor and ceiling that are over 15% apart, I can make some sweet trades, and sieze an opportunity because I'm not emotionally invested in this coin doing well, I just want to make some money
>which one do you think has put away some nice profit

NOTE: this does not apply to ridiculous alt coin pumps that render TA irrelevant due to the size of the movements.

this is absurd, in markets big enough to move the larger amounts of capital in and out that quickly you don't see that kind of volatility in that time frame.
better habit with larger sums would be to stack buys and sells so you only have a small initial risk, but as the coin continues to drop you put in successively larger portions to average your cost down. then you stack sells so you can take profit and let the rest ride. a decent number to use is 1/3rd
buy a small position, then set a buy for a lower base that is 1.3 times the first buy, and another that is 1.3 times your second buy at another strong base. then take profit and take out 1/3rd at a time, so you can take profit regularly, but also have money on the table to take advantage of the bigger movements, and the buy strategy makes sure you average down an acceptable amount whenever it dips

Awesome, thanks man.

How do you guys choose which coins to go in on? Right now I'm floating between coins I like, but not necessarily ones I know for sure will go up during the time I'm holding them.

Constantly trading all day is extremely tedious, and you rack up a ton of retarded fees. I just like holding my coins and pissing off for a few months

That's why I said I hold to shit that proved to be resilient to BTC's fall.
I think that BTC will slide to around 6.5k and its not going to 25k.
Because of that notion I decided not to trade it.
I wanted to trade cryptos though.
How you trade cryptos if you believe that in a short time BTC will experience a big correction?

>you WILL average towards your true skill level
i understand what youre trying to say, but this statement is completely unverifiable

if you set a 2% stop loss your gonna get stop lossed immediately and have it go back up 2 seconds later
these markets are too volatile for such a short stoploss

exactly
algos are designed to fuck over brainlet stoploss
>50/50 with stop loss
ahahaha more like 10/90 with you losing 2% 90% of the time
how much have you lost?

100% this
I've come out in the green on trades that I initially mistimed and had a 9% loss on. I was 90% certain that if I left it on the table for another day or two I would come out with a nice profit, which I was 100% correct on. this was during btc correction btw, took a short position at a relative bottom for the day, wasn't paying attention so I didn't see how oversold the market was, went up for a few hours, sat at 9% loss, went to bed, woke up next day to a nice 10% gain

>resistance levels
Lost all respect immediately And my day is ruined

hahaha
>resistance levels
ahahaha
>selling at ATH and buying back in when it drops
luck
timing
lost time

That's just well known in day trading. It's how casino's always make money because even if people can get lucky and win 5 times in a row, over the course of 1000000 games they KNOW for certain that it'll always average towards a known probability which is slightly skewed towards them. When you first start day trading it's literally just a roll of a dice if you win or lose your first few trades. But over thousands of trades it's guaranteed to show your true skill, which if you aren't experienced in trading why would you think you have a high skill level? It's a zero sum game, with other people that have 100x the capital, experience, and bots competing against you to take your money. This is like thinking you can beat grandmasters that are cheating at online chess with deep blue at chess. The odds are actually extremely skewed against you PLUS you have to pay the exchanges fees. Holding for extremely long periods of time is the only way for you to have the odds in your favor because the market HAS to expand as more people get in to the space and drive the price up.

besides why isn't you money already in?
are you fags just getting into crypto or are you putting in money you don't need every now and them...you might as well buy the lotto since 10x on $100 is only a $1000

welcome noob

Untrue,
10k
1.4m

btc was $600.

even if you have no fees (gdax maker)
just hodl with consideration
>10x on BTC
do you think BTC will be worth +100,000
>10x on altcoin
how much do you want to gamble?
$100 -> $1,000
or
$1000 -> $10,000
>or realistically 1-3x on BTC/ETH/LTC

trades a day
you are like a little baby

just go down the charts for literally every coin until you see one with the RSI/MACD oversold and the meme lines pointing to a breakout. get out as soon as the momentum stops or volume shows the slightest hint of slowing down

TA is always relevant, even pumps follow meme lines with autistic precision

what is never relevant is news or "fundamentals" bs, the most immediate and accurate representation of market sentiment at any time is its price, which can be found by simply looking at a chart.

>a genie offers a game where you flip a coin, if heads you win $10 if tails you lose $1
how many times do you play the game?

thats basically circular logic. the statement that gains=skill level is axiomatic.
im not saying its a bad axiom, but its a "self-evident" statement so to speak

you won the crypto lottery
>cash out 80% and invest half in SPY index to be set for life

Which part gave me away oh old timer?
The part that I started on the 18th of December?
Jeez how did you figure it out?
I might be a noon in the investing and the noon in the sense that I'm just doing it for a few days. But I didn't jump on it with a post : have $650 to invest, shill me on coins anons.
This jump was educated. I first read what I could on cryptocurrencies and on trading (more on the cryptos though)
I have a plan and I'm sticking to it. Don't participate in pumps and dumps, don't chase moons and jump from a coin to a coin.
I'm pretty good at statistics, graphs and such and I still need help because trade is not what I did all my life.
The true test of my skills will be when my hold gains enough that I can sell 30% to recover my initial investment +20% profit and can find a solid product to invest in again(have a few lined up for march)

You missed the part where you can make gains in your first few trades that'll fool you into thinking you're ELO 2500 at this shit when you're actually 500.

This. So much this.
Also when someone like me puts $650 in BTC on the 18th of December and holds - how much money could they make? I don't follow BTC very closely so I'm not sure. I guess by now they would make 30%
But they would get a heart attack twice.

no, you are ACTUALLY elo 2500 until you arent

resistance levels are just basic guides to help me find places to sell so I have funds for my next buy.
I can't just keep putting in money forever.
most of my trading relies on support levels and I buy when I see a break of strong support.
I'm still working on how I take profit, but I think I'm getting better over time. when we are going sideways like this, I'm not buying and especially not selling large amounts. the picture doesn't lie, that's some solid gains right there, buying at nice bottoms and selling on the way up

when we are going sideways and are bouncing around a much narrower range than the big tops and bottoms it's pretty safe trading. plus like I said I'm not selling are amounts at small profit levels, I only sell enough that I can put my next one or two buys in. see the pic, those buys are all within a couple percent of the relative bottoms

i find TA useless in that it cannot predict the size and timing of massive pumps like xvg, at least when you are using basic TA. for finding good buy levels and trading when things are going sideways it's fantastic, but finding when something is going to moon and how hard is a whole nother horse. and like anyone with half a brain, I never stop playing that game

>cannot time xvg

Lol. Xvg was the golden child of ta traders for the last month. Should have been paying attention to their signals.

the most basic tip to investing is averaging whether buying or selling

>put in 50% now then 50% later
>take out 50% now and 50% later

this somewhat mitigates buying in TOO high and selling TOO low

I would play that game exactly once and walk away wit a dollar or 10 dollars. Free money

>don't chase moons and jump from a coin to a coin.
actually chasing moons is one of my favorite ways to get free gains, when a coin is already flying and the chart says its very probable it will go higher you can jump on the first leg and sell into the fomoers that werent as fast as you on the next leg, you can also buy the dip right after an all time high and sell the bounce to retards at the bear trap

these patterns are some of the most guaranteed and only last a couple minutes at most so the risk to reward is generally > 6:1
I almost always fuck it up and market all in on the floor instead of putting in a buy at the the wick and selling the falls instead of the crest and still make 2-5% in literally 4 button clicks

I dont really mind paying 0.01% fees either its only a couple dollars per trade.

Phone posting
*without a dollar

>never sleep with your money in crypto

How do you get to cash every night?

forgot to mention
and I get that with hype coins news is pretty bs but with solid projects, news and big developments are reflected in the price. XLM is a prime example.
it pumped twice at the start of october based on a pbc call and then a partnership announcement with IBM then it bounced around a bit as the price stabilized and started really taking off after IBM stress-tested the network and proved successful and hinted at many more large partnerships coming up.
the price reflects the market sentiment and positive/negative attitude towards the project. in cases where it's not a pnd or just based on hype and moon chasers announcements have big impacts on attitude and sentiment of a project. just take a look at a stock that announced a decrease in dividends to prop up profit margins, it almost always takes a nice little dip

oh yeah, because those discord "signals" groups that are shilled 24/7 are really reliable and it's super easy to monitor the past 2+ month history of the top 300 projects in depth at the same time

Thank you for that tip.
I was doing that, not because I knew it but because I had to get the money in the exchange every now and then and not too much at the time. And I liked it. So now I'm doing it just so I don't have to think about that fiat backed ETH flooding money while I try to decide what I'm buying and for how much

I would guess tether or back to base

those fees transfering / withdrawing must hurt tho lol

oh and fuck swing traders
"ill just buy a big dip and profit with a limit-sell"
>sold to early
>waits forever
>never recovers and you sell at a loss
pick one

>This
I hate being a burger

>news and big developments are reflected in the price. XLM is a prime example.
>it pumped twice at the start of october based on a pbc call and then a partnership announcement with IBM then it bounced around a bit as the price stabilized and started really taking off after IBM stress-tested the network and proved successful and hinted at many more large partnerships coming up.

I've gone from 1000 to 6000 in three weeks by buying coins before news and then selling and chasing red candles and buying into them when they dip too far

just got fucked by icx for not doing research

the whole short term capital gains tax isn't that complicated. you take all your net gains, and subtract your net losses, and that's what you pay.
if i make a few trades and make 10k, then lose 5k in my next few trades I pay taxes on the 5k net gains.
you just look at your net profit in that tax cycle for anything held for less than what they define as "long term" and pay a the higher short term rate on that. this board is seriously full of brainlets sometimes. and yes of course. if you put all you have in crypto and make a million you're going to need to cash some out to pay the taxes but it's not as bad as you idiots make it out to be

what are you saying? are you agreeing? disagreeing? you literally just copy pasted what I wrote

I just bought into the red candle for SALT since there's a big chance they will release tomorrow and sats will double

I don’t understand this....you write off your losses (like trump did). You’ll pay higher taxes on any gains you make in under a year anyways. So what difference does it make? 65% of $1m is still better than nothing (or holding down having only significantly less)

Kek, what happens if in April 2019 people cash out to pay their taxes and crypto crashes and then people can’t cash out enough to cover their taxes from calendar year 2018?

oh I see.
yes the price tells you the market sentiment directly. but the question when it comes to investing and trading is being able to predict the future market sentiment. so if you are paying attention and watching and hear the news as it comes out, you can determine the likely change in attitude in the next couple hours to couple days, which is how you make your money, and why people use forums like Veeky Forums reddit and massive discord groups to trawl for news, things to watch, and general sentiment based on number of mentions

I'm sure there is protocol for that, but you'd have to look into it. if you can think of that situation, then I can gauruntee the IRS has too