Goodmens (OP)
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Merit: 39
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April 02, 2018, 01:17:00 AM |
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None of us, has a crystal ball and we're not all-in on the tech, we are emotional individuals and we've been financially attacked. If the majority of us were looking at the same chart and a general direction of the market, guess who will see that, and take advantage when opportunity awaits. It's the seasoned vets. They've been there, done that. The finance guys shorting the markets for a living. We could argue speculation, math and politics all day long, but, what's been done has been done. None of us have crystal balls. One instrument we access to is past history. We can see that they are real numbers. But they are in the past for everyone else to see.. I want to quote a few of Warren Buffett's quotes that came up in my mind when people were panicking. "The investors of today does not profit from yesterday's growth." "Someone is sitting in the shade today because someone planted a tree along time ago." "What we learn from history is that people don't learn from history." When investors get either too fearful or too greedy, they sometimes hide behind the notion that "This time it's different." Usually they regret it. "If past history was all there, the richest people would be librarians." You can teach risk management, but you can't teach balls. It's definitely going to be harder to grow your investments in this space. My personal advice would be to hold. I don't know where you got in or out, but eventually, you will learn from your mistakes and you will have that much more knowledge in the next run. I hope this helps
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MinerHQ
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Activity: 1456
Merit: 1023
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April 02, 2018, 02:01:48 AM |
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People who have invested their extra money in this cryptos only can hold but if someone borrowed money to invest on these highly volatile market then they will be forced to sell if this down market hold for a long time. That's the most important thing is we never should borrow money to invest because we don't know the future how it will be.
I'm holding all my coins and now started to accumulate more some of the coins which I believe can grow big in future. I'm in this crypto investment for many years already so I believe that market will go up again but not sure when so just waiting for it.
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Lovecove
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(Thank you for all the merit =) ) ~Lovecove!
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April 02, 2018, 02:30:21 AM |
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I love your Warren Buffet quote. Didn't know that dude was that smart wow I like that metaphor with us being in the shade because someone planted a tree a year ago. THAT DUDE COULD'VE BEEN A POET OR SOMETHING! I agree with you OP. The only people who'll really profit in this bear market are the lucky people who didn't buy in yet or have extra funds to buy in. And the most important thing is that you never invested more than what you could afford to lose. The only people who can continue hodling are the ones who didn't use the money with a time limit. They can hodl for a whole year and not worry. Whereas most crypto people were planning to be out in 30 to 60 days. We'll all come out of this one way or another. But, I think we should take with us these lessons. Always invest wisely, no matter what you're feeling. Also, listen to when experts and analysts say there's a moon or a crash coming. Vitalik, Charlie Lee, and so many experts and analysts were saying bitcoin was going to hit 2k, and we didn't listen.
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Visit now if you're interested in buying these domains: EtherMining.org, CryptoMovement.org, Bitcoiner.Co
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Koro-Sensei
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April 02, 2018, 03:08:04 AM |
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None of us, has a crystal ball and we're not all-in on the tech, we are emotional individuals and we've been financially attacked. If the majority of us were looking at the same chart and a general direction of the market, guess who will see that, and take advantage when opportunity awaits. It's the seasoned vets. They've been there, done that. The finance guys shorting the markets for a living. We could argue speculation, math and politics all day long, but, what's been done has been done. None of us have crystal balls. One instrument we access to is past history. We can see that they are real numbers. But they are in the past for everyone else to see.. I want to quote a few of Warren Buffett's quotes that came up in my mind when people were panicking. "The investors of today does not profit from yesterday's growth." "Someone is sitting in the shade today because someone planted a tree along time ago." "What we learn from history is that people don't learn from history." When investors get either too fearful or too greedy, they sometimes hide behind the notion that "This time it's different." Usually they regret it. "If past history was all there, the richest people would be librarians." You can teach risk management, but you can't teach balls. It's definitely going to be harder to grow your investments in this space. My personal advice would be to hold. I don't know where you got in or out, but eventually, you will learn from your mistakes and you will have that much more knowledge in the next run. I hope this helps Can't agree more on the first paragraph. Finance guys do make a living by making shortage or stocking the rarest things to be sold in a good amount of money if there is a shortage. From simplest to profit these guys can handle it that is what traders do also in either real life of crypto.
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Beerwizzard
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April 02, 2018, 03:35:16 AM |
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Instead of simply hodl your coins you can do some research on some upcoming ICOs or track the progress of already established ones in order to find some gems (there are a lot of extremely undervalued ones right now). Just don't waste that time on doing nothing. Doesn't matter how much USD will cost BTC and ETH tomorrow as we all know it will probably cost more in some time. The key point is to focus in getting profits in crypto for now. Multiplying your ETH will benefit your in future even if it is dipin right now.
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Indrawan77
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April 02, 2018, 04:17:00 AM |
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Yeah people not really learn from mistake and they keep on complaining when the price is falling down, and most of them not prepare to lose money, when the price really fall down they will panic and spread FUD news, most of the investors are newbie investors that attracted by greed, so they dont learn any history chart or how the market works, for the one that already experienced, they will hold when the price is falling down, and will sell when the price is high
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cissrawk
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Merit: 410
Secure your crypto : https://notyourkeys.org
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April 02, 2018, 04:24:49 AM |
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Instead of simply hodl your coins you can do some research on some upcoming ICOs
Some of 'newbie investor' usually doesnt know about ICO, even if they know, they can probably got scammed with fake ICO so easily. So, hodl is better. Tho, i will agree with that but not for new investor.
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onrise
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April 02, 2018, 04:28:59 AM |
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Instead of simply hodl your coins you can do some research on some upcoming ICOs
Some of 'newbie investor' usually doesnt know about ICO, even if they know, they can probably got scammed with fake ICO so easily. So, hodl is better. Tho, i will agree with that but not for new investor. If someone is holding the coin which has being performing well and currently being dumped due to market which is falling it is fine to hold such coins because when the rise will happen this coins will surpass others coins and move forward quickly. But even in the rising market if the coin value keep falling then it is a problem of that coin which does not have any demand and people are selling it off.
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gamaman990
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Activity: 152
Merit: 10
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April 02, 2018, 04:36:15 AM |
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It's a wrong season for hodling coins passively. A high likelihood is the whole crypto market is entering a multi-month, if not multi-year, bear market. The successful strategy of holding in a bull market won't work the same. Personally I recommend swing trades with stop-loss protection.
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Andrey123
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April 02, 2018, 05:28:29 AM |
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On the one hand, now is a good time to buy a lot of coins at a low price. But on the other hand there is no extra money for this. And when bitcoin grows, the moment will be lost. Paradox)
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| Hello! Voluntary donations that will go towards the development of my coin. 34bwEhH3GMx6swYXt2NBfFbYGkdTcaWtXz....BTC | |
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boyshx
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April 02, 2018, 05:52:55 AM |
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Those fairly good points by Warren Buffet and off course who will not agree on that one. Its states only one thing to me that if you are willing to work hard today and if add time to it then you will surely get the profits tomorrow for your efforts and time that you blended yesterday.
Great sayings : "Someone is sitting in the shade today because someone planted a tree along time ago."
This one excited me more to read all the phrases twice and they touched me. I am thinking about my family and mostly about children who will benefit from my deeds today and I think there is nothing good than that. If I work today, stay calm and wait for the right time then I can make better world for them too. Yeah holding just got better.
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mx667
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April 02, 2018, 06:28:13 AM |
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Those fairly good points by Warren Buffet and off course who will not agree on that one. Its states only one thing to me that if you are willing to work hard today and if add time to it then you will surely get the profits tomorrow for your efforts and time that you blended yesterday. Great sayings : "Someone is sitting in the shade today because someone planted a tree along time ago." This one excited me more to read all the phrases twice and they touched me. I am thinking about my family and mostly about children who will benefit from my deeds today and I think there is nothing good than that. If I work today, stay calm and wait for the right time then I can make better world for them too. Yeah holding just got better.
It is actually depends on the coins or cryptos that you hold. If you talk about some new Altcoins that you get from some ICOs, then I cannot guarantee you with that. I think I can only suggest to hold some certain cryptos like Bitcoin, Ethereum, Litecoin, and some few others. It is depend on each person and each coins that they invest. Just keep learning, and keep studying about the crypto that you invest. I currenctly holding Bitcoin and Ethereum. I am very sure and convince that the price of Bitcoin will go up sooner or later. But that is okay because all I want to do right now, is to invest and collect as many Bitcoin as I can get.
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Webberson
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April 02, 2018, 06:52:49 AM |
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Cryptocurrency is a new initiative that serves as an alternative means. It those have the potential to be reckoned with in the future, and it is with this, that i also recommend investing and holding of coin(s). It is actually an investment that would pay-off in the future.
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Ems30
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Activity: 196
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April 02, 2018, 07:34:07 AM |
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Instead of simply hodl your coins you can do some research on some upcoming ICOs
Some of 'newbie investor' usually doesnt know about ICO, even if they know, they can probably got scammed with fake ICO so easily. So, hodl is better. Tho, i will agree with that but not for new investor. Yes i agree that some newbie or even some person were not be able aware to know for some ICOs if ligetimate or fake,? what are main factor or differences to know if some ICOs will be true or fake ? would you help? because investing without knowing are probably risky of course! for some person would be try to invest ,,
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ss890
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April 02, 2018, 08:06:35 AM |
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You can teach risk management, but you can't teach balls. It's definitely going to be harder to grow your investments in this space. My personal advice would be to hold. I don't know where you got in or out, but eventually, you will learn from your mistakes and you will have that much more knowledge in the next run. I hope this helps Since the time I have entered in the crypto currency then I have seen 100's of threads and 1000's of people saying that holding is an art and if you really acquire the same then there is nothing that can go against you and your profiting. Is it hard to do? Yes, off course its most hardest thing for us and we can not use this weapon unless and until we get full control of it. The control of what exactly? We need to control our emotions to acquire the holding art. Without that we can end up loosing our money in emotional decisions. Just take example where people go on selling their assets when the crypto market is dipping itself. We should not do that and must control ourselves. And yes this helps a lot.
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palle11
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April 02, 2018, 09:21:52 AM |
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It's a wrong season for hodling coins passively. A high likelihood is the whole crypto market is entering a multi-month, if not multi-year, bear market. The successful strategy of holding in a bull market won't work the same. Personally I recommend swing trades with stop-loss protection.
I think what is being suggested is for investors who are already having their coins in wallets or other places that it is stored and not people who want to invest. Swing is for short time buy and sell, not hodling. They are not the same thing. However, I can only hodl a coin who has potential. I will dump when it does not have good prospect afterall.
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nskendrovic
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April 02, 2018, 09:31:09 AM |
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Thats why the saying only invest what you can afford to lose is so common in crypto world. If you only invest your extra money then theirs nothing you have to be worried about in a bear cycle. You just need to go on with your daily life and wait for the markets to recover as its going to eventually happen.
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Denker
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April 02, 2018, 09:44:16 AM |
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People who have invested their extra money in this cryptos only can hold but if someone borrowed money to invest on these highly volatile market then they will be forced to sell if this down market hold for a long time. That's the most important thing is we never should borrow money to invest because we don't know the future how it will be.
I'm holding all my coins and now started to accumulate more some of the coins which I believe can grow big in future. I'm in this crypto investment for many years already so I believe that market will go up again but not sure when so just waiting for it.
Great post. And I totally agree. However can you imagine how many people borrowed money to long Bitcoin? Man these margin traders are crazy. Many gamblers who don't give a damn about risk management. Leverage trading in crypto has grown tremendously over the last 6 months. And now the big guys with all the high level skills and strategies take advanate of that and kill all the retailers. This market is so choppy at the moment, you either scalp for a 100 bucks a day with a trade account of medium size and without trading leverage, or you just hold and dollar cost average in.
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kolega
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April 02, 2018, 09:49:15 AM |
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If you do not invest your entire trading account and do not take loans to trade, you do not need to worry much. Moreover, a trader with experience can earn on the decline in coin prices.
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buwaytress
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Join the world-leading crypto sportsbook NOW!
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April 02, 2018, 12:21:03 PM |
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Got to say I haven't seen this many cliches in one post in a really long time. Not even sure Buffet said that, but I guess the shit smells like his.
What were the sayings I kept reading also before all this panic? Best time to plant tree yesterday, second best time today? Of course, I still think it's never a bad time to get myself a bit of coin, but really that's just because of the circumstance I'm in. If I can get paid in Bitcoin instead of dollars, I'd take BTC any time. Price is not a concern at all. But yeah, this led a lot of people to just rush in. Some even managed to see profits for a time before it all tumbled down this year.
But okay, yes. Agree here. Just hold. Don't forget the faith that brought you here. Use whatever you need when you need, sell whatever you need when you do. Then when the heady days are back, try not to forget how you felt today.
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