Don't be like Bill

[hunnykaushal]

Always buy after proper research and invest in good projects and never sell at loss.

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[NavI_027]

In these bearish days, you only have two options: whether you'll wait for the next dip even how long it takes in order to avoid losses or investing now despite of the loss, hodl while the price still goes up and cash out when you finally recover your investment with additional good profits. Actually, there's nothing wrong whatever you choose from those two options just only make sure that it suits to your current status. If you have a lot of time for waiting then go for the first option but if you are afraid of missing the boat and always in a hurry then do the risk — go with the latter option.

[talkbitcoin]

... never sell at loss....

this is the main reason why we currently have people who have lost more than 90% of their investment. first because they were newbies who had no idea how investment works and second because people like you have been encouraging them to continue holding even though they were losing money!

[Iykecolyno]

Always show people the other side of the story as well.

The other side of the story:

This is Jill

Bill loves Cryptocurrency

Bill bought his favorite coin at $15, hoping to sell for $100

The next day it dropped to $8.5

Jill thought everything was OK that it will get back to higher price.

Jill decided to sell if price gets to $10.

Jill's token is now worth $7.

Don't be like Jill.

[Red-Apple]

Always show people the other side of the story as well.

exactly.
unfortunately as of late bitcointalk has turned into a place to encourage newbies to become bag holders. there are at least a dozen topics each week (specially during dumps) that is telling newbies to hold, don't sell, have "patience", ... and all this time those who listened have been losing a lot of money!

[hunnykaushal]

... never sell at loss....

this is the main reason why we currently have people who have lost more than 90% of their investment. first because they were newbies who had no idea how investment works and second because people like you have been encouraging them to continue holding even though they were losing money!

Look at very first line i mentioned, do proper research before investment. 

[charlotte04]

Always buy after proper research and invest in good projects and never sell at loss.

This is hilarious.  I also buy some coins that aren't yet popular and does not yet pump. I just wait for it and of course I always put my stop-loss unless it goes against my way.

[jinnyjinny]

I think that all those investors who have just come to the crypto market have great advantages over those who bought a year ago. The market is strongly subsided, and the altcoins prices are very favorable,  but the majority spent their fiat money and there is nothing to buy .  I'm talking about the majority)the most common problem) we only have one advantage over newcomers - our experience, we have seen a lot and our nerves like steel.

[Flor1982]

This is case to case basis because for what i have experienced for this year was when i buy the dip its dips even more losing my capital. Don't be like Bill is better if the market will in favor of bullish trend but during this bearish market which still in effect, it is better to sell high and buy it low again.

[panjay]

Always buy after proper research and invest in good projects and never sell at loss.

how you define a "good" project?

some coins like XRP/DOGE/XVG have a nice pump last years, possibly this year too but some of the coins i mentioned highly disliked in this space.

[craked5]

don't be like Bill, study the coin before investing in it. if you do not know why the price is growing, then chose other coin, investigate it and only after that make a decision about buying.

[Q2kc]

Professional traders are always the winner here, and people that are manipulating the market, Longterm Hodl is no longer effective, we cannot determine if that certain coin is in his bottom too many manipulations in the market, the elite are laughing now.

[lebedi]

It is the most realistic picture I have ever seen about the crypto. It is actual problem and this joke has a so important aim that we really must follow it.

[tuthienloc92bk]

Always show people the other side of the story as well.

The other side of the story:

I think this like the market last 3 months ago I also buy ETH at $450 and hope it will reach $500. Well, it's really reach $500, but a half of $500. 

[Noobaru]

I laughed at this "meme", but this is the harsh truth unfortunately. Or fortunately for some people, but I'm not going to talk about that now. This definitely reminded me of this: https://www.youtube.com/watch?v=61Q6wWu5ziY

[christofyler]

I don't blame him doing that invest is risky game..... In crypto is not always good to be too greedy because if you are you may end up loosing all... When investing always have price target in mind if it sell beyond that price you shouldn't be freak by it.

[5ensei]

This is the trick, trying to determine the best time to invest and if the coin is going to pump or dump. Even news can be faked due to the source being a hodler him or herself, or the article being a paid one. Relying on luck is never a good option, but sometimes it is all you have

[coinbirds]

In fact, the opposite is true: Using stop loss is a must in trading to protect your investment for going to zero.
Holding leads you nowhere on a declining market especially if you holding useless coins.
Get used to accept  loss and be aware, that it is  the  part of trading process.
Earlier your learn more successful you will be.
The goal is to have more winning than losing trades.

[Vispilio]

Stop loss in highly volatile and decentralized markets is a very dangerous proposition. Your stop can be hit and the price can recover in seconds,

stops can be hunted much more easily on low volume, and so called "whales" are looking for opportunities like this every day, in fact it's the

number 1 trading strategy of some players. Crypto markets have their own unique rules, you need to adjust your tactics accordingly.

[jeffthebaker]

This is hunnykaushal.

Hunnykaushal reposts memes from the bull market that are no longer relevant without any discretion.

Hunnykaushal looks like a fool for posting a scenario where Waltonchain is trading at $15 when in reality it's below $3 and has been for over a month.

Don't be like hunnykaushal.