When the tide goes out

[deisik]

It looks like you don't make a living off crypto

And more specifically, cryptotrading, since otherwise you would soon be broke. The first rule of a successful trader is not to marry an asset, however personally attractive it might look or feel. Well, maybe it's not the first rule actually, but it is the one which you should invariably follow with your skin being in the game

Marrying an asset isn't a problem. As long as you're comfortable trading both long and short and you can use leverage to account for lacking volatility, you'll do fine.

The downfall of traders is when they marry a trade or forecast. A lot of traders get tunnel vision and refuse to admit when they're wrong. This leads to letting losses run and other emotional mistakes. Successful traders never get attached to trades. They exit when their stop losses are hit and react to changing market conditions.

It looks like there's a misunderstanding

What you refer to by marrying a trade, I consider marrying an asset. It happens when an asset earned you decent profits in the past and you get glued to it (marry it) by holding it despite the fact that it now brings you only losses and it should have been disposed of long ago.

Okay, well just so you know, your expression isn't clear and isn't commonly used in English, so you should probably expect future misunderstandings. You're referring to "bagholders" and "permabulls" (people who always believe price will rise and refuse to sell at a loss). "Marrying an asset" doesn't actually specify what side you're trading (long or short) so it's not a useful expression

I don't know about English (actually, there is a phrase about "marrying an asset, not a liability") but it is a well-established term or concept in trading (investing) meaning exactly what I put into it. But nevermind, it is not me who coined it and something tells it comes from some big gun in investing, maybe even from Warren Buffett himself. Being married to an asset means you are making things too personal with it, regardless which side of the trade you are on. In other words, you jumped into a minefield with your comment, so tread carefully

And no, I can't say if you are married to Bitcoin

[exstasie]

Okay, well just so you know, your expression isn't clear and isn't commonly used in English, so you should probably expect future misunderstandings. You're referring to "bagholders" and "permabulls" (people who always believe price will rise and refuse to sell at a loss). "Marrying an asset" doesn't actually specify what side you're trading (long or short) so it's not a useful expression

I don't know about English (actually, there is a phrase about "marrying an asset, not a liability") but it is a well-established term or concept in trading (investing) meaning exactly what I put into it.

The phrase about "marrying an asset, not a liability" is literally about choosing a spouse. Maybe you could link to a source that explains the investing concept? I couldn't find anything on Google.

But nevermind, it is not me who coined it and something tells it comes from some big gun in investing, maybe even from Warren Buffett himself. Being married to an asset means you are making things too personal with it, regardless which side of the trade you are on. In other words, you jumped into a minefield with your comment, so tread carefully

And no, I can't say if you are married to Bitcoin

Tread carefully?

No need to get all defensive. I understand what you were trying to say now. I was just pointing out it's not a common expression in English, and it's not very clear when used as an idiom because it doesn't convey a complete idea.

Don't marry your trades is, on the other hand, a very common expression:

If you want to be a good trader, don't marry your trades
Don't Get Married To Your Positions
Don't Marry a Position!

From a trading perspective, marrying a position means a trader has become emotionally attached to holding it, especially in the face of strong evidence that this is not the right position to be in. This particular trading error can often result in excessive losses and wasted margin because a transaction intended to be a short term trade can turn into a longer term “investment” that may never ultimately show a profit. Successful traders generally avoid getting emotionally involved with holding a particular position, especially when the market is clearly telling them they are on the wrong side. Remember, humans are intended to marry their spouses, not their trading positions.

I believe that's the expression you're looking for......

[Ranly123]

Bear market is kind of an eye-opener for you and reality check for your investment decisions

And this is the whole thing. Bear market allows you not only to see where your investments are going

....

Interestingly, we have little indication of a bear market. All economic and business metrics appear positive and hint at growth

If prices continue to decline, the market is infested with bears, end of story

What the hell? You have that totally backwards.  Every coin sold is a coin bought.  Bears sell in bear markets, bulls buy - so the lower prices go the market is being infested with bulls.

It is still the manifestation of the law of supply and demand. Selling coins would always not result to a sold coins. Bulls always looking on what coins to buy whether it's reliable or has a potential rise after they buy and it is not the bear that has the upper hand in every trade.

[deisik]

Okay, well just so you know, your expression isn't clear and isn't commonly used in English, so you should probably expect future misunderstandings. You're referring to "bagholders" and "permabulls" (people who always believe price will rise and refuse to sell at a loss). "Marrying an asset" doesn't actually specify what side you're trading (long or short) so it's not a useful expression

I don't know about English (actually, there is a phrase about "marrying an asset, not a liability") but it is a well-established term or concept in trading (investing) meaning exactly what I put into it.

The phrase about "marrying an asset, not a liability" is literally about choosing a spouse. Maybe you could link to a source that explains the investing concept?

Yes, and I wholeheartedly concur with it. So is it common or what?

Regarding its use in investing or trading contexts, now I recall that I often met this expression in the commodities section of investing.com (in the crude oil part, more specifically). But as you were trying to search it on Google, now I'm seriously doubting that it is me who is to expect future misunderstandings. Maybe, you are not as knowledgeable as you think you are, both trading and English language wise? No need to get all defensive, just in case

I couldn't find anything on Google

Kidding aside, searching the forum would suffice:

As i said earlier, i love BTC (and most of my tiny investment is on BTC), but ppl really need to NOT MARRY AN ASSET

I bought BTC to sell it to make money not to marry with it like you guys

Read the news, watch the charts, don't marry your investment

I don't marry my tokens, I date them

As you can see, the meaning is pretty straightforward in trading and investment contexts. To me, it doesn't look like uncommon, either. Maybe, you should learn how to use the search button?

Either way, I don't marry my bitcoins, I date them

[shinharu10282016]

Okay, well just so you know, your expression isn't clear and isn't commonly used in English, so you should probably expect future misunderstandings. You're referring to "bagholders" and "permabulls" (people who always believe price will rise and refuse to sell at a loss). "Marrying an asset" doesn't actually specify what side you're trading (long or short) so it's not a useful expression

I don't know about English (actually, there is a phrase about "marrying an asset, not a liability") but it is a well-established term or concept in trading (investing) meaning exactly what I put into it.

The phrase about "marrying an asset, not a liability" is literally about choosing a spouse. Maybe you could link to a source that explains the investing concept?

Yes, and I wholeheartedly concur with it. So is it common or what?

Regarding its use in investing or trading contexts, now I recall that I often met this expression in the commodities section of investing.com (in the crude oil part, more specifically). But as you were trying to search it on Google, now I'm seriously doubting that it is me who is to expect future misunderstandings. Maybe, you are not as knowledgeable as you think you are, both trading and English language wise? No need to get all defensive, just in case

I couldn't find anything on Google

Kidding aside, searching the forum would suffice:

As i said earlier, i love BTC (and most of my tiny investment is on BTC), but ppl really need to NOT MARRY AN ASSET

I bought BTC to sell it to make money not to marry with it like you guys

Read the news, watch the charts, don't marry your investment

I don't marry my tokens, I date them

As you can see, the meaning is pretty straightforward in trading and investment contexts. To me, it doesn't look like uncommon, either. Maybe, you should learn how to use the search button?

Either way, I don't marry my bitcoins, I date them

So the secret is really dating them not marrying it? I have read somewhere he still  has the same amount of bitcoin since this began.

 And I presumably think he has not sold any of it.

[biskitop]

this year the waves will soon be extinguished, and the sharks will begin to move again, then the pump will start soon. I say this because I see a market situation that has now started to increase, and there has been no drastic decline.

[darklus123]

That man really had some serious puzzle talks that you should identify for your advantage.

You were also true about how to deal with the market bearish. I just wanted ti point out tho that there were also called bubble coins that we should be aware of and to avoid it when its needed.

Therefore i can say that base on how you deal with the tides is still always not be beneficial to you

[deisik]

So the secret is really dating them not marrying it? I have read somewhere he still  has the same amount of bitcoin since this began.

And I presumably think he has not sold any of it.

I'm not sure whom you refer to here

If the guy from the last quote who actually wrote about dating his tokens instead of marrying them, it was written only a year ago. Do you find it strange to date someone for a year? Too long, really? Anyway, we don't know if he actually dates the same token. He may be changing them as he sees fit, today they are here, tomorrow they are gone. Isn't it what not marrying an asset is all about, i.e. dating someone here and there but not necessarily the same one?

[mriansa]

Cryptocurrency price movements are like waves that can have ups and downs but it won't be easy to predict, but the most important thing is maybe you can see the graphics that occur in bitcoin, when bitcoin is red then you can buy it and when you sell it , when the red condition will definitely be green someday and when the green conditions will definitely happen red someday, only that movement can you predict.

[bitgolden]

As the famous Warren Buffett once ironically observed, you only find out who is swimming naked when the tide goes out. Now that the tide is gone, it's time to check what's left and pick it up

Many trading folks, me included, like quoting him, whether spot on or completely beside the point. But the talking crowd doesn't really care about the real insights and nuggets of wisdom this man shares, other than what is right at the surface. And there's always more to his words and sayings than the majority sees. In this post I'm going to show you what it means in practice and how to make use of it

In this particular case, for example, the market crash has shown which coins are going to kick the bucket and which have good chances to survive. But these are extreme cases, while there's a lot of space in between as well as room for action and improvement. Basically, falling prices let you clearly see what assets are performing better and which are not worth your time. Bear market is kind of an eye-opener for you and reality check for your investment decisions

And this is the whole thing. Bear market allows you not only to see where your investments are going but also lets you easily unwind them by selling poorly performing coins (if we talk about cryptos) and then proceed to buy more resilient coins at half the price as the market goes downhill. That's what most people overlook in bear markets and so fail to take advantage of. In a nutshell, it is a perfect time to change sails or even the ship itself, tide or no tide

It’s best to get to know these things before bear market. Some markets are not worth your time and investment and if you leave your money in it, by the time bear market arrives its going to be late for you and there is no pulling out, you will just get stuck in it.

Some of the coins that are down now are not going to recover again and those who invested in them have lost their money and there is no selling it, cause nobody is ready to buy a shit coin, so it’s too late for them. That’s why I don’t really go for new coins. Most of them are not worth it.

[STT]

You are referring to speculative waves of interest, what really matters is if the underlying usage of coin is there or not.     If there some purpose to its continuing natural circulation and distribution for transmitting value or whatever that utility that coin gave then it'll continue.   Many alt coins are faster and cheaper to use then bitcoin so I dont see them being quite as negative as people might think

[exstasie]

The phrase about "marrying an asset, not a liability" is literally about choosing a spouse.

Yes, and I wholeheartedly concur with it. So is it common or what?

Yes, but it has absolutely nothing to do with investment.
 

Regarding its use in investing or trading contexts, now I recall that I often met this expression in the commodities section of investing.com (in the crude oil part, more specifically). But as you were trying to search it on Google, now I'm seriously doubting that it is me who is to expect future misunderstandings. Maybe, you are not as knowledgeable as you think you are, both trading and English language wise? No need to get all defensive, just in case

Interesting. If it's so common, why does Google turn up nothing? It endlessly crawls the internet indexing things that people actually say.

Kidding aside, searching the forum would suffice

Right, so literally one post in four years.

The other posts you quoted specified an investment/trade, which is exactly the point I just made. "Asset" doesn't clarify that. It doesn't specify either side of a trade, which is why it's not something people say.

Anyway, I have no idea how you managed to belabor this so much. My original point (which still stands) was simply that the asset doesn't matter, not one bit. Managing risk (and thus emotions) is what matters.

[deisik]

The phrase about "marrying an asset, not a liability" is literally about choosing a spouse.

Yes, and I wholeheartedly concur with it. So is it common or what?

Yes, but it has absolutely nothing to do with investment

Are you kidding? If you ask me, that has everything to do with investment. And risk management. Divorces and divorce lawyers are not for kicks (and faint-hearted). It may turn out to be the best investment of your life ever as well as the most disastrous one

Regarding its use in investing or trading contexts, now I recall that I often met this expression in the commodities section of investing.com (in the crude oil part, more specifically). But as you were trying to search it on Google, now I'm seriously doubting that it is me who is to expect future misunderstandings. Maybe, you are not as knowledgeable as you think you are, both trading and English language wise? No need to get all defensive, just in case

Interesting. If it's so common, why does Google turn up nothing? It endlessly crawls the internet indexing things that people actually say.

Maybe, you don't know how to search? In fact, Google can't search on closed forums which require registration just to read them, though I'm not sure if boards on investing.com are that closed (haven't been there for a while)

Kidding aside, searching the forum would suffice

Right, so literally one post in four years.

The other posts you quoted specified an investment/trade, which is exactly the point I just made

There's no reference to trade in these quotes, so don't twist their meaning please. They are all about not marrying an asset, investment, money, token (with the latter two being asset classes as well), the meaning being essentially the same, i.e. the one that I stick to here

As I said, tread carefully

[ajaymukund]

As the famous Warren Buffett once ironically observed, you only find out who is swimming naked when the tide goes out. Now that the tide is gone, it's time to check what's left and pick it up

Many trading folks, me included, like quoting him, whether spot on or completely beside the point. But the talking crowd doesn't really care about the real insights and nuggets of wisdom this man shares, other than what is right at the surface. And there's always more to his words and sayings than the majority sees. In this post I'm going to show you what it means in practice and how to make use of it

In this particular case, for example, the market crash has shown which coins are going to kick the bucket and which have good chances to survive. But these are extreme cases, while there's a lot of space in between as well as room for action and improvement. Basically, falling prices let you clearly see what assets are performing better and which are not worth your time. Bear market is kind of an eye-opener for you and reality check for your investment decisions

And this is the whole thing. Bear market allows you not only to see where your investments are going but also lets you easily unwind them by selling poorly performing coins (if we talk about cryptos) and then proceed to buy more resilient coins at half the price as the market goes downhill. That's what most people overlook in bear markets and so fail to take advantage of. In a nutshell, it is a perfect time to change sails or even the ship itself, tide or no tide

The adjustment happens always has its own reasons. some investors will be better in 2019 because they are aware of the good altcoins they have not invested, others do not.
We should take advantage of this price adjustment of the market to change the investment strategy. This is the time for us to show our talent to make money. Show them your trading ability.

[deisik]

You are referring to speculative waves of interest, what really matters is if the underlying usage of coin is there or not.     If there some purpose to its continuing natural circulation and distribution for transmitting value or whatever that utility that coin gave then it'll continue.   Many alt coins are faster and cheaper to use then bitcoin so I dont see them being quite as negative as people might think

That's simply not true

Well, actually it is not so much untrue as irrelevant for the long-term success of a cryptocurrency. Let's admit that all decentralized blockchain-based coins do essentially the same thing using the same technology. Some do it better, some, uh, not that better. But this doesn't mean that coins which are faster and cheaper (in terms of transaction costs) are going to make it. How come? The reason is pretty simple as these are not the only factors at play here and maybe not even the most important with that purpose in mind

There is the first-mover advantage, which you can't discard and throw away, there is the level of real adoption, application and recognition the world over, there is also a question of trust and reliability in terms of network resistance to all possible kinds of attack vectors, and likely many other questions which are not in the realm of being fast and cheap at all but which are still of utmost importance for actual use and application. How many coins other than Bitcoin really cut it from this perspective?

[davinchi]

Why you people are using different terms which are not common in this forum ?
tide = trend
direction of sailing = buying or selling
ship = coin

Personally I do not think that I need to switch over to another coin just for the reason of bitcoin is not performing well. Trend will change and everyone will come back to bitcoins for sure.

If you people are very much centric about changing your ship then I believe you all need to quit cryptos and may need to invest with stocks and gold. Because, within this space everything is bind with bitcoins as we do not have independent asset which is getting its value on its own, everything here are valued in BTC.

[Godday]

this year the waves will soon be extinguished, and the sharks will begin to move again, then the pump will start soon. I say this because I see a market situation that has now started to increase, and there has been no drastic decline.

indeed the current increase is taking place. but the increase certainly occurred slowly. so we have to be patient in waiting for the increase in bitcoin. because every success is not done in a hurry, everything needs a process.

[BestSSS]

The most interesting thing is that the tide can wait quite a long time! Even if you are sure that the wave is gone - can always come the second wave carrying away the remains from the coast, and you will not be ready for it again.
Yes, today all altcoins are reduced and the price is very tasty, but be careful in this market - here the money is lost very easily!

[awik p]

this year the waves will soon be extinguished, and the sharks will begin to move again, then the pump will start soon. I say this because I see a market situation that has now started to increase, and there has been no drastic decline.

indeed the current increase is taking place. but the increase certainly occurred slowly. so we have to be patient in waiting for the increase in bitcoin. because every success is not done in a hurry, everything needs a process.

with a slow but sure process, I think it will produce a good ending. therefore we must maintain psychology so as not to panic, to help the market get back on track. the spread of good news certainly can strengthen the psychology of investors, so that it can change the situation. as is the case with the news and ETF news that will take place soon

[logicgate]

this year the waves will soon be extinguished, and the sharks will begin to move again, then the pump will start soon. I say this because I see a market situation that has now started to increase, and there has been no drastic decline.

indeed the current increase is taking place. but the increase certainly occurred slowly. so we have to be patient in waiting for the increase in bitcoin. because every success is not done in a hurry, everything needs a process.

  Yes mate you are right we should be patient because it is only to hold with patience for long term. This is profit making way that you can have without any lose. The tides are now going high with time because bitcoin is the greater thing and great things takes time to rise but once when it will start rising then it will not stop.