/biz/ - Business & Finance

HODLing is the best strategy. Nobody makes money margin trading at this low volume. Timing the market cant be perfected but it helps.
The solution is to not be a bitch and take profits.
Don't think of crypto like an investment where you are working along the efficient market frontier or only have short temporary downswings.
Think of it like Poker. A game of probability and gambling with no house edge that can be beat and is very profitable. So then do poker players "HODL?" well not quite in that they do not just keep taking their winnings moving up in stakes until they are el busto. They use a bank roll. Find what stakes they can beat. Find a reasonable amount of buy ins in that range. Take profits to put food on the table.
See you dont need to "time crypto" because you dont need to go all in on red. Buy in with a portion of your bankroll. When you are up a decent amount. Rinse and repeat. If your stack goes down in value to a point of neglibility. Buy in with more of your bankroll.
It doesn't take rocket science.
Have $10k to invest? Put in $1k. Doubled up in a bull market? Nice take profits. Doubled up again? Nice take out $1k.
Doubled up again!? Nice take out $1k.
Oh no market crashed you are down to $400? Put in another $600 of that original $10k. Rinse and repeat. Until you can afford a larger bank roll. Then use a larger buy in next crash.

I don't think he'll eat his own penis on live TV.
I think he was bluffing.