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Author Topic: What exactly am I seeing here? (general youtube guru question on strategy)  (Read 44 times)
bennylava
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March 05, 2018, 11:13:56 AM
 #1

In an effort to absorb all the knowledge I possibly can about crypto, I've just been setting youtube to autoplay and listening to basically all of the videos from popular crypto gurus. I know there is some general distaste in the community regarding these people, and I know why. But the fact is that they have knowledge that I don't, so I just sort of pick through for the bits of gold, those hard facts that I just didn't know.

So the last 2 that I was listening to, were Vincent Briatore and Suppoman. I don't like, or dislike either of them. Again, just trying to learn a thing or two. I'll be moving on after I'm done listening to all their videos. That said, both of them seem to have gone against their own teachings, on 2 coins. District0x for Suppoman, and Safex for Briatore. They both say to hold the line, to just hold for years if you have to. But both of them jumped ship on those two coins. Suppoman said District0x just wasn't performing the way he wanted it to. He missed a big spike (so did I) when it first came out, so we were both left holding a coin that had lost a whole lot of value for 3 months.

Next big spike, he sold it. Well that's not really hodl'ing, is it? That is not really what he preaches day in and day out. And I'm wondering what I'm missing. Could it be that for him, district0x was just a short term thing? I really do feel like I'm missing something here. Wouldn't he not be concerned about drastic dips (like what happened first) or huge spikes (like what happened 3 months later)? Doesn't that go against the "HODL" that they all preach? Same thing for safex and the other guy. It got delisted, and the safex people were something like a week late on the wallet. So Briatore jumps ship. Again, that sounds nothing like hodl. Safex appears to still be chugging along, in slow software development mode. As is the case with software development, its slow. Not fast.

So its it just like, 1 bad thing happens and they lose all faith? That is the opposite of hodl. Cause we're not talking about something catastrophic happening. We're talking about some minor things that were kind of unfortunate. Not the teams being totally outed as scammers or something, like what happens with so many others. And then the coin disappears in infamy. No that is not at all what happened here. Its just a couple of unfortunate circumstances, with both coins still just moving slowly towards their end goals. At this point, with safex and District0x, we really have seen any indication that they will stop short of achieving their long term goals. It looks to me like its just taking longer than the gurus wanted. So what did I miss? Could it be that they never intended to hodl these coins? Could it be that they were always just waiting to make 5x or 8x? Maybe they simply failed to fully articulate their plan. But they did preach hodl to everyone else.
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May 04, 2018, 07:48:25 PM
 #2

yes you are totally correct on most things you assume or how you interpretate them.
you cannot (or at least you shouldn't) really take those guys too serious.

i don't don't know much about district0x but safex is absolutely a long hodl coin.

daytraders were shocked and left safex behind immediately after the delistings.
if you follow the development of safex you will see that it is a very promising project with a very good and dedicated team behind it.

that briatore guy helped to make safex kind of popular back then but he will probably bite his own ass in a couple of years that he was so dumb to dump it against his own teaching.
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