/biz/ - Business & Finance

>tfw buying even more on wednesday

Fun times ahead. Whoever is still in coins is a dumbass though

Bump

i'm still in because i have been away from my ledger for a week. sold my trading stack 3 days ago, however

>>22239139

Thether may not exist soon due to regulators

>>22239139
Holding like a retard

>>22239139

This is the first time ive ever had cash in a downturn. Sold the top, but only a third of my stack, which is still 75k which isnt chump change. Its incredibly thrilling and a completely different experience to have cash during a dump, almost as good as winning it in the pump

>>22239184
can someone create a deep fake with this semon demon?

>>22239255
Also what’s this chart called?

>>22239184

Dude dont bump yourself, its the 4chan equivalent of someone telling a terrible joke to a silent room and then saying “amiright”

>>22239139
100% holding. The tax man fucks you over everytime you make a swing. 1 wrong move and you owe the tax man more than your bad swing is worth.

>>22239437
How? You pay tax even if you lose money in a trade?

I was one button click away from exiting ETH on Thursday and yet I didn't

>>22239437
this the difference in long term vs short term cap gains means i would need a march dump for the swing to be worth it

>>22239139
Young lurker here. So when the market is high and about to drop you put it into USDT to keep your folio the same price pre-drop?

>>22239266
same
Several things looking good right now not even sure what to buy.
ARPA?

>>22239493
good luck knowing when its going to drop lol

>>22239531
RSR

>>22239493
Nope

>he doesn't just short and get even more coins

>>22239493
Do this and you will get wrecked eventually.

>>22239465
It was more like worst case scenario. Just say you sell and take profits and then you buy back in, but then it dumps again. Now you tax bill can be more than your crypto holdings. Obviously worst case scenario but it can happen.

>>22239139
Been swing trading the whole time

>>22239629
This

>>22239661
what indicators are you using?

>>22239139
>the last 3 day days

Why would I sell and solidify 50% losses? Doesn't make sense.

>>22239139
I converted 10 percent, holding the rest out of fear cuz I don't know what the bottom is and dont want to rope myself if everything suddenly moons before I buy back in.

>>22239493
You do, but you will eventually lose everything like I did by tethering LINK at 4 dollars in June.

Don't be like me, unless you want to join my suicide pact.

>>22239139
Going down with the ship

>>22239285
Purple rain.

>>22239139
Where is the bottom, o guru

>>22239437
You’re taxed on gains

Man trading is just so stressful, I'd rather just hold, although I have a small stack for trading I hold 80% long term, been here 3 years and i find this way works best for me

>>22239172
>buying even more on wednesday
>Whoever is still in coins is a dumbass though
the fuck did you buy

>>22239184
>"hey you guys are retarded!"
>"why is no on replying to my thread??"
??

Why would any retard use USDT when there's DAI?

>>22239184
Made for BBC

Should have went into USDT yeah, but I just chose to HODL.

Basically, I'm never selling at a loss unless I judge something is going to zero, so I will just wait for the market to recover. If I lose everything fuck it

>>22239943
Kek

>>22239437
You’re a fucking retard. You get taxed on realized gains.

>>22240066
Go back to pol cuck

>>22239139
i held because i'm a newfag. But next time this happens I will swing.

My judgment has been enlightened. From what I understand, swinges get the rope. Unless it's a market crash/price readjustment like this.

I just hate selling bc the taxes. Holding through bubbles is also a reasonable strategy but you're right it's just a waste of money to not convert and buy the bottom.

I will look to improve.

why did i expect this thread to be any good

>>22239139
Well I refuse to sell with such gas prices. I will never pay more than 10$ for nothing, I really rather die than sell now

>>22239437
based this was my reasoning too. But in the end the swingers are right. Either way is fine really. Just all about how you want to do it.

>>22239139
>current year
>not having unlimited disposable income
>having to sell to rebuy lower
ngmi poorfag

Im holding because I thought it would be over in a day. And then I thought it would be over in 2 days. I still think it's going to be over tommorow and I don't wanna miss the upcoming pump.
I'm basically bad at predicting so holding has always been the safer choice for me.

>>22239139

I USDT'd

And it's already back into YFII

Did almost a 2x of my holdings

>yeey me

>win a coin flip
>brag about it

I held, because fuck swingies, they all get the rope eventually. No strategy is ever wrong all of the time though and this is one time where they obviously got it right

it looks like things are going to drop lower. The stock market hasn't complete its correction from the March rally. I'm looking at it this way - 80% chance things go lower - 20% chance they don't. I could tether now and hope for pink wojaks all through this month and the next, and maybe make like a 30% gain in holdings from doing it. But there's a 20% chance I make no gain in holdings and things actually start taking off. The risk to reward to that isn't worth it personally, would rather just hold

>>22239139
>crash
>market down ~3.8% overall

Strap in nigger, you ain't seen shit yet

>>22239139
My take is that you're a hindsight faggot.

>>22241231
>coin flip

>>22239255
>higher lows
literally bullish