What I mean by straight HODL is that your hold through the crashes and the rises until you inevitably cash our and by trading I mean that you hold for a few months and then sell into fiat and wait for the expected dip/recession.
What i've noticed over the past years is that if I was less greedy and just cashed out after a reasonable profit and then held until the inevitable crashed, I would have made much more money than if i just held or bought another coin.
An example of this is when I bought eth at 475 and sold at 1380. Right after I sold I bought ltc at 230 thinking that it was gonna skyrocket after some of the money from the eth will flow back into the other coins. The problem with that was that the entire market crashed and so if I were to just hold my fiat i would have been able to easily double my money.
Let me know what your guys's thoughts are on this.
This is always been part of the risk on this very volatile market which if we do think up some strategies either a straight hold or actively trading price movements would really fucked us up.Market would never be always our friend and there were decision have been made along the way which would be the reason for us to regret later on since we do realize that we do missed the best chance for us to make money and thinking that we can able to use those profits to diversify out into another coins. Trading is a huge risk, there is absolutely no doubt about that, but at the same time, it is a risk worth it as long as you can manage and handle yourself. No one was born as a trader, or with the skills to start analyzing charts, we all ended up learning at some point, gaining some experience afterwards, and getting good as time goes on. As long as you are committed to learning, you will always end up making the best use of the market volatility, if not; straight hold is the best option. |
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As far as cryptocurrency is concerned, what to do in crisis time is to do Nothing! Many negative news and uncertainty have no basis to start with, because we are thread a new path to finance and investing, people tend to become agitated and behave irrationally to market prices
But you need to be calm for not getting panic so that you will not take any wrong decisions. For that you need to control your emotions. Anyone who can control fear, can control emotions, will easily not bother on anything that happens to the market so I totally agree with you. However, I usually wonder what ends up causing this fear and the only reason I can give is that people usually do not get to understand the market before investing or do not get to learn how to play with their positions before trading and then they end up flopping badly by making huge mistakes as a result of panic. |
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It's really not good situation nowadays around crypto currency especially ETH. The price from the beginning of the year downs x3. It's incredible
Every situation is good and every one of them has their own purpose. As some are seeing the situation as bad, some are taking advantage of it and making the best profit from it in the long run. ETH just like every other altcoin as well has bitcoin has experienced a huge correction, so I do not see it as a problem for those who want to hold for long but as an opportunity. Those who are smart always see it that way. Personally I do not have big expectations on eth as it lacks in real life developments, it may fall and it happened as expected but after hitting some big levels beyond $1000. So, it may bounce back and may not. Do not put all your money into one single coin hence not only in eth. |
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Instead of people hoping for a bull run that won't happen, focus at least on the market to remain near the $10,000 level for a longer while. I think after the massive bull run that we experienced last year, it's safe to say that people have been spoiled enough already. People's expectations because of last year's bull run have become so unrealistic, that they can only disappoint, which is the hard reality. If their expectations aren't met, which is going to happen for sure, people blame Bitcoin's market for being manipulated, etc. People always blame everything beside themselves for their own stupidity.
Lol. I like where you said people have been spoiled already and really there is nothing more I would love than seeing us getting to $10000 and just consolidating for a while which is what I am really hoping for right now anyway. I believe just like you that a lot of people have so gotten greedy that they feel everyday should be Christmas and expecting bull run every single minute. If it were to be like that, I personally will be scared, but it is what it is anyway, we cannot change people's mentality towards being greedy and blaming everyone for everything. |
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Long, always long. I hold bitcoin because I believe it is and will be the best coin, so I don’t care that much about the price. I am fully aware that it is a highly volatile asset, so I take what has happened in the past months for granted. It reached 19k too fast, so now we are in a consolidation phase.
I have been long since 2013 and I see no reason why I should not continue being long as I believe in the future of bitcoin. I did a little bit of shorting anyway when the market had a bull rally and it simply showed some possibility of downtrend and I got back long at $6200. So, I guess I have to wait to see how that turns out eventually. Nothing much is going on in the market apart from the recent news, but it seems that is not sufficient enough to give the market a good boost. |
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investing is a very important concept for human life. First of all, you have to know the presentation. factors such as your income, your life style, your risk taking status are invested. so you decide best how much you need to invest. but whatever it is, take care of the risk you risk taking. and never trust a single investment objective.
Always a concept that would keep making the rich richer and those who are ready to switch lanes to the wealthy part also get rich. It is all about taking risk and it all depends on the risk every single person is willing to take. Normally, when taking risk, it is always good to be calculated about it and take one that would not hurt badly if things go wrong and in that case, it is an individual decision to make and not a general thing. A good amount to invest is totally dependent on each individual's pocket and how much they are willing to risk to invest. Every investment is a risk, so it is necessary to always consider the risk level before even considering the idea of investing in the first place. Personally for me, I have taken it on myself to always invest just 20% if any additional holding I get in fiat and that is good enough for me which has been working a lot for now. |
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Man everything you said is right. I never even wanted a high price for Bitcoin. I remember that Bitcoin was once sold for $150 and $200 when I was still a newbie. I’m even surprised it got this far, cause I never expected it to go up to this extent which it did. But there are some evil and greedy people in this community that are only interested in their useless and selfish reasons which will in no way will benefit others. We need them out, though it’s not possible.
I like that you completed it with impossible. First, greedy people will always have a part to play in every system, so we cannot rule them out. Secondly, we cannot dispute the fact that only few people will be happy with bitcoin being stagnant without much movement, and we would not have gotten to this level of growth. Lastly, this is a deflationary decentralized currency, so what really do we expect ? As long as it is not controlled, we can do nothing but to keep seeing people get greedy. At least the greed of people has helped us find the need to scale. |
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Investing all your assets is not advisable mate, you need to have separate capital for this method of earning because investing money is very risky specially here in crypto currency the worst thing may possible to happen anytime. Those coins you wanting to invest is less known coin which is more risky to invest but the possibility to gain good profit is there. Taking big risk may lead to get huge profit.
Since he is even lacking the funds, he really should not be thinking of investing and should probably be thinking of how to work and make some money. If he is trying to consider taking loan to invest, he should better think again because that would be the worst mistake of his life. The best is always to Invest what one has and what one can afford to let go in case anything happens and in that case I would even want to consider bitcoin mostly if I have the money to spare rather than altcoins. Although, one of his pick, EOS has been having good stuff going for them, but rather wait, work and earn some cash and take part of it to invest, no matter how small. |
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Some people think that strong feeling affect the outcome of your bet. But for me its all about luck., what do you think guys.
I highly doubt that positive thinking can affect the outcome of our bet as if we are playing on an online casino then already the outcome is fixed by the algorithm on which the casino is built, but if we are betting on a sports game then also there is no chance that outcome is dependent on the positive thinking. But if we are playing in a physical casino then there are chances that the outcome can be affected by our positive thinking to a certain extent. Gambling thru online engagement would be entirely different since we cant able to applied up positive thinking towards our actions compared on playing a physical casino where we can some positive views that might affect our gameplay.For example when we do play poker, having a calm mind will really give you some advantage since you are confident and enjoying on what you are doing. You cannot even apply any form of positive thinking in any form of gambling. The fact is that some people have actually ended up losing themselves to gambling as a result of trying to think positively. It is better to know that gambling is just only going to make the owners of the gambling platform or the casinos rich and at the end, the gambler will always end up losing unless luck is just highly on the person's side. If anyone can know that, it will help not to go ahead of your limit trying to be positive. |
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Gambling is just a general thing in any place that it is not illegal and it is just the way we do it that differs. In my country, asides from lottery and sport betting, that is all that is to it and truly, it is making a lot of waves to the point that you now see people every day and even learned ones, doing a little bit of it and expecting a good result.
For children though, I have not seen anything close to it in my country, but probably because I do not go out to some part of the suburbs to see what is really happening which I won't be surprised.
Regardless of legality nor availability of gambling in anywhere, it must be a basic responsibility for every parent for protecting and guiding their children so that they can grow like a responsible citizen. A proper gambling culture must focus on young generations too, otherwise it may lead to imbalanced environment among people and their behaviors.
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Bitcointalk username: beerlover
Rank: Hero Member
Current post count: 1358
Bitcoin address: 1HkvEgnttzkNYVfM7yHm8JFc5K7612zYPm
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Crypto should be encourage to others because every users can get benefits in this kind of activity. Its either can get higher amount of tokens or even small amount. Eventhough a user can't earn money but atleast they can get an information and to have a knowledge on how the cryptocurrency affects the way of living of every users.
A lot of benefit to go around. The fact that we keep explaining to those close to us about cryptocurrency, give them links they can read, share news with them, this would always help in creating awareness. Sure, we cannot force anyone to want to do whatever they feel like doing, but at the end, there is this fulfillment when you see some people you explained certain things to, investing in the future and doing well for themselves. I have always been opportune to see people call me to explain to them all that is needed to know about cryptocurrency since they noticed how my status have changed in a very short while,  I am always happy to do that, there is love in sharing and there is so much more to go around, so there is no point hoarding any information as long as the person finds it useful and it benefits them. |
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Many coins have a big potential to grow this year and some have already show some of bullishness like litecoin, ethereum and ripple. I perfer to hold ethereum, ripple and litecoin along with bitcoin this year. Those cryptocurrencies have big chances to grow more particularly in the 4th quarter or before the year ends. There are also reports that more crypto investors are planning to purchase more coins as the year progresses.
Except ripple, I will agree with your portfolio. Because ripple is a centralized one hence they may freeze out your funds at any time if they prefer. My all-time favorite is bitcoin alone. Because it will be having huge demand in coming years hence we can expect very big rally. Unlike any other altcoins, bitcoin will be having many development is going on which will be the prime reason why I am always keep suggesting to go for bitcoin investment compared to any other altcoins. |
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Either crash or correction, you may call it with any terms. But, it will be part of every market so we could see it with crypto currency market also. We never need to get panic for any incoming crash as it will be another buying opportunity if we had missed the boat earlier. If we get this kind of mentality then we never need to worry about any corrections and we can simply continue holding our portfolio for the better returns.
Bitcoin may not correct incoming weeks as it is looking stronger with respect to buying pressure across many major exchanges. We can expect bitcoin prices to make a new ATH at any time soon like within this month also it will be possible. When bitcoin will be having upward momentum then we can be sure altcoins also will follow it.
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Consider the fact that ether is still underpriced at $1,000 ($100B market cap).Ether should be well over that. Consider the fact that ether handles more transactions than all other blockchains combined! We are still in the early stages of crypto, Though the price of bitcoin will likely rise as well, but ether seems much more promising to become the crypto crown in the nearest future. Some conservative predictions have ether hitting a 1 trillion market cap by 2020.  Handling more transactions will be enough reason for a coin to grow better than bitcoin ? Are you serious ? What are the real time applications to which eth is capable of addressing ? Could you mention any real time application of eth other than providing platform for ICOs ? I'm afraid you could never come up with any answer. I agree eth is still in its earlier stage and its bumping may continue in coming years also but one day or other you may regret for your decision of choosing eth and ignoring bitcoins. Look into the potential aspects and then decide. |
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Do not sell anything and just wait, so you definitely will not lose anything. If possible - buy the same coins on the drawdown.
But when I am looking into his portfolio, he is not having any well established coins and all the coins are newer to the market and they might need some more time to show potential if they have any. Like any new typical investors, OP is also looking is for making profit in quick time but it is a common psychology of all the investors, we cannot blame. But, to have definite profit, it is always suggested to go with only highly reputed coins like bitcoins. So that seeing profits within days will be possible like if we have bought when bitcoin prices hit $6000 some weeks back. Altcoins may let you make profits in short-term but we cannot estimate any time-frame for that to happen. If you choose new projects then we must give them enough time to show case real time potential which will be attracting more investors which will be eventually leading to higher prices for those coins. |
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Reading whitepapper is very necessary to educate their audience about a particular project in market. The goal of whitepapper is to inform and convince people on based of facts and evidence about project, to invest in.
White Paper is the basic thing where we can find all the aspects like what are the problems that project is going to handle and what are the solutions they are going to produce by that project. We can skip reading White papers only if we are having some good advisers. I believe no medium scale investors will be having financial recommendation subscription from any such houses hence we all need to study their White Paper so that we can get clear idea about that project. Reading White Paper must be a time-consuming because we need to get the idea of that project. It is like understanding what are the solutions they are going to provide. If we are finding that solution is good and having some potential to attract other investors too then we can decide to go for investing with that project. Reading White Paper is a must thing for every investor. |
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Why India need separate coin ? What are the exclusive functionality that laxmi coin is going to have which are not available from any other coin ? Without any explicit purposes why do we need another coin which is targeting a country specific audience ? Because I'm just afraid that it will be another clone without any proper purposes backing it.
In the past, we have seen some country specific coins but they were all failing because they were not capable of providing any country-specific advantages. When crypto currency and block chain technology is free of borders then I am sure having any country specific coin is completely meaningless.
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there is a lot of people investing in crap. They'll see when they don't make money off of what they picked.
After the rapid growth of bitcoin from last year, many altcoins found growth due to their value is decided by bitcoin's value which makes many people to think about investing into altcoins. I believe almost all the crypto investors must be having some blind investments just because of flashy advertisements. Probably they are capable of making some returns in short-term but in long term they might need to face losses. I am always suggesting to go for bitcoin investments for any amount of capital. Because it will be giving consistent returns regardless of what will be the market situations or what will be the economical environment of world countries. If we pick only bitcoin then there will be plenty of chances for making good returns for the given time rather than struggling with some altcoins. |
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I think not. Because traditional banking is more reliable banking to those people who want to deposit and withdraw money even the transaction within is more hazel and to slow. Traditional banking is much more safer than digital banking although digital banking is much faster and less hazel than traditional banking and even digital banking is much profitable than traditional.
No it will kill but it will take more time than we are expecting. Because the basic infrastructure for all the people around the world to adopt bitcoin or any other crypto currency might need more time to get setup. Until then we cannot expect our blockchain technology will be killing traditional banking system. But it will happen one day are other as the entire world is moving towards newer technology which will be making life more convenient and supporting people for their time saving. If you look around the world people are switching over to smart phone with high-speed data connectivity which are the basic requirement for anyone to switch over to crypto based banking system. Surprisingly it is already happening in many part of the world and I do see it is the first step for killing traditional banking system. |
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