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jeezus christ you’re ignorant...you barely know how to buy BTC yet in here prattling about why ppl shouldn’t “hodl”...some ppl are holding tens of thousands, hundreds of thousands and in some cases millions of tokens...these are the ppl who “hodl” if they believe a project is undervalued bcuz the time they take to sell all these tokens on an exchange the price can shoot back up on them before they can buy back in low...a lot of ppl have gotten burned that way trying to “outsmart” the market...you would know this if you've actually bought/sold anything on these exchanges...but you hardly even know where to buy bitcoinnothing wrong w/ collecting profits btw...everyone has their own strategy...I just have a huge issue w/ someone as clueless as you knocking a proven method of making gains...there are multiple ways to win @ this game
A whole 75? Damn I should have bought that 1000 worth.
I opened up a Coinbase account back in November ish but was looking for another avenue to purchase. I sat back and did a lot of research before I jumped in thank you very much. I got in a few crypto groups to see what folks were saying. When I'm talking about folks talking about HODL I'm talking about folks buying 50 bucks at a time. They ain't holding no large amount of coins that you're talking about. I might be new to investing in crypto coins but I've been investing in stocks for years. Ain't nothing new to me and I have a very vast portfolio. I tried to tell people when BTCoins got up to sell what they made. Then buy back in when it hit a dip/low point. The new investors were like no I'm going to HODL for the long run. I tried to tell them they could buy back in the dip and let it run up and they'd make more profit. A lot of folks don't understand that basic concept.
I understand that you can make a bigger profit that way. I even used to flip coins on the exchanges for a minute. In the end decided the stress wasn't worth the extra cash.
My biggest wake up call came after I gave $10 worth of BTC to my mom, dad, and best friend in December of 2015. Two years later that investment had peaked at over $300. Meanwhile I had spent all of my earnings and neglected to re-up every week like before. If I had just HODL I would have turned my initial $200 into 6 grand.
Now my strategy is much simpler. Every Wednesday I buy $50 of whichever of the big four (Bitcoin, Bitcoin cash, Litecoin, Etherium) has gone down the furthest in the last week. If nothing has gone down by at least 5% I hold out and buy $100 the next week.
It may not be the most profitable strategy, but longterm I see it as combining the best odds with the best piece of mind.
Good plan always keeps you gaining. I rather spend 50 on crypto than some bullshit. I’m gonna borrow this.
Hot as fuck man.