Just shorted ETH with 6% stop loss

[Don Goldstein]

Excellent. Good leverage choice!

The post title does mention a 6% stop loss though, and ETH increased by 7.2% Did you add extra funds, or buy more at a higher price?

I cancelled stop loss order, and waited. Because in this day and age, lives of pumps are less than a week.

 

[wolfman1]

Great work. Well done!

Patience is a real virtue and a powerful tool to have in volatile markets.

 

[Scorpion Ghost]

And staking ain't profitable in bear markets.

Why not? Staking is always profitable, just as long as you eventually sell the crypto youre staking at least at the same price you bought it.

Bought 10.000 Scorp Inu at $1

Price dropped to $0.10 (me so sad)

Staked at 5% yearly return for 10 years

Now have 15.000 Scorp Inu

Year 11, price goes back up to $1

Sold for $15.000

Bank


Cant lose unless coin goes to $0. Even if it never goes back up to $1, at some point youre at least breaking even at less than $1.

 

[Don Goldstein]

Why not? Staking is always profitable, just as long as you eventually sell the crypto youre staking at least at the same price you bought it.

Bought 10.000 Scorp Inu at $1

Price dropped to $0.10 (me so sad)

Staked at 5% yearly return for 10 years

Now have 15.000 Scorp Inu

Year 11, price goes back up to $1

Sold for $15.000

Bank


Cant lose unless coin goes to $0. Even if it never goes back up to $1, at some point youre at least breaking even at less than $1.

if you consider long term investing, go buy stocks. crypto is speculative market. most of the coins disappear in 2 years.

 

[Scorpion Ghost]

if you consider long term investing, go buy stocks. crypto is speculative market. most of the coins disappear in 2 years.

I wouldn't know how to think about thinking about buying stocks, let alone buy stocks.

 

[aurim]

Year 11, price goes back up to $1

If that isn't having any kind of utility and project team will not remain active (Twitter account posted one year ago), I'm afraid it will only slowly go to zero...
Saw this too many times.

 

[Deleted member 1664327]

A

Agreed, I think 1310-1350 can be targeted before the next move down.