Bitcoin Forum

I've been in cryptocurrency trading for a while, and one of my pet peeves is hearing the same regurgitated advice.  The two most frequent are "Buy low and sell high" and "Buy the dips".  When the market corrects, "You should have taken profits."  When it recovers, "You should have hodled."  It gets old.  What do you think?

Old tricks actually work. The other question is - you try to follow all of that. I believe, if you are half successful in making these things happen, you'll do good.  :)

I think that was the only point for trading right now. When we go into trading theres only those two option. Sell or HODL right ?
The only point is to make profit and not just waste time or money.

Trying to time the market and predict the highs and bottoms isn't really the ideal strategy; that's why a good number of people only buy the dips and just straight out hold the coins, taking selling out of the equation. Day trading and timing the market is really just very stressful in my opinion.

You forgot the two most imfamous cliche trading tips of all time and those are

-DYOR (do your own research for those who don't know ;))
-Invest what you can afford to lose

Without a doubt tired of it, but I do know that it won't be going away at any point. Once HODLing makes someone losses mass amounts of money (or a good amount of people lose out due to it) that's when the cliche of HODLing will die, but at the moment it really is the only way to win against a market which is insanely volatile.

I hate hearing it, but that's the kinda thing you get when you're involved in trading so you gotta get used to it. Do remember that hindsight is ALWAYS 20/20

Actually you have a point, sometimes it is really annoying to read same topic over and over again. I don’t know if I’m guilty with this cliché most especially my last post I made here. But in fairness with my last post, all I really want is to share my recent experience which I think will help the trader and also the long term investors of crypto.

Well, we are in the trading discussion section maybe all we can do is just get use with it. Whether we like it or not this will be the common denominator topic we can read here.

that is because it is cliche advice to you , but not to new people here. it is important to keep telling people these things because they keep making the same mistakes. and to be honest most of it is good advice but i understand where you are coming from. but just ignore it and think that it helps new people .

OP, if you're new to bitcointalk you might not be aware that there are these things called signature campaigns, where businesses rent out members' signature and/or avatar spaces, and some of the campaigns pay enough to finance a pimp lifestyle for those who live in 3rd world countries.  It's astounding.

My point is that a LOT of people here are only posting because they get paid to do it, and a lot of them are uneducated knuckleheads who have great difficulty stringing words together so that they form coherent sentences.  The end result is that they learn how to write a small number of thoughts, and a lot of them are ideas they've copied from places, and none of it is original or interesting.  That's the main reason you keep reading the same shit over and over.  I think of this forum as a bullshit words reconstitution factory, because that's what they all do.  One of the cliches I see very often is "Never gamble [or invest] more than you're prepared to lose", which should be obvious to any rational person, but these shitposters find it necessary to write this in thread after thread.

So that's the main reason why, OP.  Others might disagree with me, but this is the truth as I see it.

Can't believe that I forgot those.  DYOR is the most annoying one, since most people have no clue about Blockchain.  The other day, I watched a video from a project that plans to build the first blockchain operating system.  For anyone who understands that blockchain is basically a secure decentralized ledger, the concept of using it to build an operating system is absurd.  I'll bet that a lot of people did their own research, read the whitepaper, and still had no clue that the project was unrealistic.  People who are new and don't understand the technology look for guidance from more experienced investors.  Then we tell them DYOR.

It maybe cliche but if followed properly you can be profitable. With "buy low and sell high", did you really follow this advice or do the opposite? When you are a newbie in trading, you ask advice and then others would tell you this advice but when you are looking at a coin getting hype, you decide to join the ride only to see later on the price went down below your buy price and you are confuse whether to sell it or later and when it continue going down you decide to just sell it so you didn't really follow the advice. These advices are there because they are effective and you will keep hearing/reading it until such time you advice it to others too.

I agree that there are few original thoughts posted anywhere.  I will say that Bitcointalk is still far better than Twitter.  In addition to posting the same cliché advice, the "experts" on Twitter post endless calls, then brag about the few that "moon".  That said, there are some people in the crypto space who are genuinely helpful and offer thoughtful advice and support.  They have my respect.  

Well that is the basic of trading, no matter how cliche it is, it got a very strong influence in your trading strategy, when the traders advice to hold, it is to prevent the panic sell and we know that panic sell could make the situation become worse, buy low and sell high is the basic of trading but how to determine high and low price and how long you should hold before sell, that is the part where you need to learn

If you keep trading you might have some strategy that requires or can be obtained through experience. It never gets old if you passionately love your money and seriously speculate it thorough. I can't blame you though not everyone have the luck and same mind to go through this.

Oh, yes, these are generally accepted rules since the time of the appearance of shares!  ;D
And in reality it is impossible to understand when there will be a bottom, and when the ceiling.
Bitcoin proved once again that all our strategies are wrong)

I find the same thing on Reddit honestly, despite the lack of signature campaigns, and even when the bounty campaigns for coins are long over, the low effort shilling continues. If there isn't any bounty left, what's the point in posting in every damn thread about [insert coin] and saying "Wow! This is great news for [insert coin]!". Are they holding bags? Or hired shills working out of a click farm? I can't tell anymore.

Unfortunately, all of this is true. To be honest, I think more than 70% who posts in a couple days in a week are already in signature campaigns. They don't care where their posts and what they said, The most important to him is to write a lot (It's doesn't mean good posts, All of them are shit posts) and get paid.
 
They don't care about the forum, they are too greedy and think only for the profit, people like that, should be all tagged. They don't make any effort to write a good post, At least if anyone poor in English, he should post in local section and try to improve his English in the same time.

Yes, this is very common  along with "Buy Low, Sell High". Seems very simple but its difficult if you don't know the perfect timing to sell and buy. LOL Also, you will understand the "Invest what you can afford to lose" if you are in the situation, when you totally wreck/rekt. This advise is really helpful and  you'll appreciate it, when you are in the situation.

You have been hearing this old adage, because its very effective and it will never gets old. And its not only applicable to crypto but to stocks as well so you need to follow that kind of advice and see how it works on your end.

And unless you have something new to offer to challenge that then there's no need to be tired of those old sayings.

Those advise usually work for it has been tested many times by different people including me. I understand your pain. If you want to make your gains in trading, I will advise you not to be a full-time trader instead HODL and trade together. I basically don't encourage people to trade their bitcoin (it's worth more than that) instead trade any coin gotten from ICOs that when hold won't yield any fruit.

That's the point of trading knowledge and you should do that because I believe is not difficult to understand. Make profit become difficult is just because us always ignore the rules and have powerful faith that our strategy is the best and don't have to fix it. Market always change create trend with similar pattern, of course our strategy should adapted. I'm not sick hearing the same advice but thank you for all people who make time to remand me about the point of trading.

You are right!  These hold and sell advice is becoming boring.  But these advice as repetitive as they were still works!  It is like Bitcointalk forum.  No fancy graphics,  no upgrade in UI and everything on Bitcointalk forum works continually.  Boring activities is where goldmine is!

Yes because the buy-low, sell-high technique is the basic! Do not expect others to share trade secrets, other than that, because that is never going to happen. So if you are too sick of all the basics being shared here, then do not ask! Study on your own by conducting research. Some people in this thread are expecting, or rather, demanding to be spoon fed every so often. And when they are being taught of basic concepts, they get angry because they have heard it so many times. How ungrateful can these people be? It may just sound cliche to you but that really is it. When time comes you are caught in a bad situation, just remember this and you will never go wrong. You are somehow guaranteed that you get the return of your investment and return on investment, respectively.

Yes , totally!
most of the questions in trading discussion are similar!
there should be one topic for each coin to discuss about it i think
i think i make a topic about neo myself.

Although "Invest what you can afford to lose" may seem cliché, it is one of the wisest recommendations, but at the same time it is one of the most ignored by the sudden enthusiasts who want to get rich overnight. By the way, another of the clichés that I have found in different investment systems (which actually involves legal issues) is something like "past performance is not indicative of future results" (Disclaimer).

I just want to get what I deserve. I think I'm not hurt because of their goodness. There is no trimming any post here in furom.

I mean yes and no, yes in the fact that they are usually right. Hodling is something that works in traditional investing, and (still) in crypto as of right now. So it's not like they're wrong about what they're saying, as they are still correct.

NO in the fact that it's just annoying to hear it. You can't expect human nature to not want to sell when things get bad, that's how people are.

The old advice been dished out is no cliche at all.  If you want to be successful at trading, it will be  in you interest to heed these old boring ideas, Why?  Because they work as far as trading is concern.

Even your advice are sick of cliche,it might be helpful to those people  are not  be able already aware to know the essence of trading,,or to those people tried of this strategy even it is old strategy but is great because its very tested as good even have a risk condition between us ,but the main point you have also to help of some people to know the other side strategy about trading,,to avoid from another mistake,,