I Hope You've Filled Your Bags!!
- Thread starter Toz
- Start date
- Mar 30, 2018
- 12,104
- 14,406
Bitcoins?? Or other coins?
D
Deleted member 1333509
Guest
I wish that was true.. it might be, but I still feel like there's a bunch of weak hands out there waiting to shit their pants from another sharp drop.
- Oct 24, 2011
- 3,227
- 3,631
My biggest hold is XRP. I have a few others, but with all that's been happening in recent times in the crypto space, XRP is the smartest buy, IMO.
I love those sharp drops. That's called, "buying season".
stfumanish
Regular Member
- Jul 26, 2020
- 283
- 150
Ah, shit! I stopped trading in crypto long ago, due to the obvious reasons of not having enough $$$. 
But maybe I'll reinvest some money in the future. Mmm...IDK let's see.
But maybe I'll reinvest some money in the future. Mmm...IDK let's see.
- Oct 24, 2011
- 3,227
- 3,631
Fragmaster
Senior Member
- Apr 3, 2016
- 986
- 1,445
Main misconception is thinking you need a bull run to make money. I get it, it's stress free to be a hodler, but there are numerous things poisoning minds of people.
Let's try to break down mind of average person involved, and see how not to be one:
1) wishful thinker
These are also known as moonboiz, and they always think shit is going up. Understandable, by projecting trade closing moment in infinity, none of your trades can be marked as fails.
This is defensive mechanism of ur brain, preserving your mental health. Nobody wants to be a loser. No stop losses, no risk management, just utopian idea.
It's easy to recognize them. They will laugh when red days come, call it a discount day or say "u don't lose until u sell".
"I don't lose until I sell" + "i'll never sell" => "I'll never lose" . Now, if u fall in this trap, u'll end up as those -99% loss ICO shitcoin hodlers. They thought BTC hodling applies to hodling everything.
2) rich over night gambler
Whenever some new coin gets listed on binance, they rush in to make a quick flip. Sorting by volume, and waiting for something to get close to BTC or ETH. While it makes sense in a way to go for the hot coin, people don't do it right.
Short term planned trade should never convert into long term trade based on current euphoria. LINK and UNI come to mind. These had incredible short term bursts, but people somehow don't have the resolve to get out while ahead.
They are into multiplying their portfolios as fast as possible. Strategy itself is consequence of having a small starting balance, being a poor guy wanting to be rich. Well rags to riches stories have survivorship bias.
3) clueless new guy
People who buy random stuff just because it's cheap or because it goes up, get into ponzi schemes, believe when they are told there is no risk involved. People who click links on telegram, or trade based on media articles.
If you want to actually make money, you need to be a balanced person. Having mixed, realistic expectations, changing along with the market. Never be a permanent bull or bear. Quantify adoption of crypto. Check out number existing BTC ATMs . Follow sentiment of people who aren't in crypto.
Ask them if they ever thought about having some, or if they even know how it works. We cannot decouple price charts from the real world. Track legislation events. And most importantly, try to earn crypto without trading. Freelance as designer, moderator, developer, growth hacker, host airdrop site, exchange review site, tutorial site. Take your pick.
Let's try to break down mind of average person involved, and see how not to be one:
1) wishful thinker
These are also known as moonboiz, and they always think shit is going up. Understandable, by projecting trade closing moment in infinity, none of your trades can be marked as fails.
This is defensive mechanism of ur brain, preserving your mental health. Nobody wants to be a loser. No stop losses, no risk management, just utopian idea.
It's easy to recognize them. They will laugh when red days come, call it a discount day or say "u don't lose until u sell".
"I don't lose until I sell" + "i'll never sell" => "I'll never lose" . Now, if u fall in this trap, u'll end up as those -99% loss ICO shitcoin hodlers. They thought BTC hodling applies to hodling everything.
2) rich over night gambler
Whenever some new coin gets listed on binance, they rush in to make a quick flip. Sorting by volume, and waiting for something to get close to BTC or ETH. While it makes sense in a way to go for the hot coin, people don't do it right.
Short term planned trade should never convert into long term trade based on current euphoria. LINK and UNI come to mind. These had incredible short term bursts, but people somehow don't have the resolve to get out while ahead.
They are into multiplying their portfolios as fast as possible. Strategy itself is consequence of having a small starting balance, being a poor guy wanting to be rich. Well rags to riches stories have survivorship bias.
3) clueless new guy
People who buy random stuff just because it's cheap or because it goes up, get into ponzi schemes, believe when they are told there is no risk involved. People who click links on telegram, or trade based on media articles.
If you want to actually make money, you need to be a balanced person. Having mixed, realistic expectations, changing along with the market. Never be a permanent bull or bear. Quantify adoption of crypto. Check out number existing BTC ATMs . Follow sentiment of people who aren't in crypto.
Ask them if they ever thought about having some, or if they even know how it works. We cannot decouple price charts from the real world. Track legislation events. And most importantly, try to earn crypto without trading. Freelance as designer, moderator, developer, growth hacker, host airdrop site, exchange review site, tutorial site. Take your pick.
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- Oct 24, 2011
- 3,227
- 3,631
Average begets average.
I'm talking to the extraordinary.
jasonforrest
Regular Member
- Jun 30, 2014
- 434
- 143
whats with ppl hopiums on XRP?
the big dawgs of XRP are dumping on you retailers, sometimes up to billions of XRP in a month
checkout Larsen, Garlinghouse, and especially McCaleb
yikes guys!
the big dawgs of XRP are dumping on you retailers, sometimes up to billions of XRP in a month
checkout Larsen, Garlinghouse, and especially McCaleb
yikes guys!
- Oct 24, 2011
- 3,227
- 3,631
Believe what you want. I'm not trying to convince you or anyone else of anything. I'm just sharing my observations and hypothesis. I am not a financial advisor and I don't want you to buy or not buy any crypto asset, based upon what I say.
shiboshy
Elite Member
- Dec 17, 2011
- 4,607
- 2,308
During this period I would personally not advise anyone to fill bags, especially not with crypto. The time was when the crisis started in Europe, I believe that was March or April when @Billy Batts doubled his 4k$.
I would just wait if I were you or anyone else, it's high likely it may drop again, so just to save people a headache. It can definitely go down at least a bit more.
I would just wait if I were you or anyone else, it's high likely it may drop again, so just to save people a headache. It can definitely go down at least a bit more.