/biz/ - Business & Finance

you panic sold because of a 25% loss. crypto isn't for you. byebye

>>24077832
Same. I feel like as soon as I fomo back into alts BTC will wick to 20k and the alts will dump again. Fuck everything

>>24077876
Just stop fomoing.

>>24077832
>After having lost like 25% of my initial investment at 15k I decided to let alts be and go all into BTC so I don't keep losing sats.
>Thats also the night where my main coins UNI, DOT, SNX, AAVE and WAVES decided to pull a 20% leg up..
>Should I kms? Also, any chance to catch this little altrun or is it over again?
pump it all back into WAVES and you might still have a chance to make it

>>24077832
>buying btc at the top

>>24077832
>>24077876
not sure how you get the timing so wrong...
>btc major move up = alts bleed
>btc consolidating /crabbing after major move up = alts regain some of what they lost
thing about fomo is it can be too late to kick in and so you get the timing exactly wrong

>>24077864
>>24077893
>>24077925

By initial investment loss I don't mean an "Oh I'm down 20%, lets fomo into something else"
I did this by fomoing out every 2-3% kek. I prolly already paid 200$ in transaction fees in under 10 days.

>>24077893
Easier said than done, I'm afraid alts can only lose in the long run right now. But catching BTC dips with stablecoins seems almost harder than picking the right alt.

>>24077931
alts bleed? im up 39% the past 14 days on my alts only
lots of it is thanks to aave though, I wish I didn't stake so I could sell before it corrects

>>24077925
>predicting the top
how tf to do this? I predicted a correction with every pump from 14.5k to 18.5k and it never happened.

>>24077931
I feel like someone who's dancing/stepping between beats.

whats the go-to strat for mid-term swinging

>>24077832
Literally all you need to do is buy basically anything in the top 200 and hodl for 1 year.

Imagine needing to be told this, Christ almighty...

>>24078411
sure lets buy dead coins like ada, nano, gnt

>>24077832
See, this is called FOMO. Never FOMO buy and never Panic sell.

When you're feeling that overwhelming impulse to do one or the other, do the opposite.

>>24078460
this actually worked twice or thrice but I had to have real intent to do something.

>>24078023
>>24078042
>>24078347
do you have a team of quant analyzing charts 24/7 with cutting-edge algo on top hardware?
maybe just don't swing

>>24078541
I'm pretty sure every single one of you says to hodl but you actually swing when you smell major movements.

Guys its simple, buy and hold and until in profit
If you cant afford to wait then you will need to either give up everything and live homeless or keep wage slaving

>>24077832
easy fix.. when btc is mooning and you feel like you should buy more, buy alts instead. when alts are mooning and you feel like you should buy more, buy btc instead. in a bull market always buy red/sell green

Dont fomo mofo, wait for the weekend to see what happens with the chinks. Do your TAs and shit, gl

>>24079392
good advice.

i bought haircomb on scamexchange and now my ps5 is a ps3

>>24077958
so just do your fuckin research and hodl

>>24079392
this sounds good
>>24079492
I kek'd hard thanks

>>24078595
yeah when i started i swinged because i thought I was smarter than everyone else
turns out im not

>>24079438
>TAs
>believes in crypto chart astrology

Just buy some fucken coins and HOLD. Quit being a pussy. Nobody can time when shits going to happen. Just put your money down on coins that seems good at the time and have some FAITH.

it's possible to swing local tops and be right most of the time. Look up Benjamin Cowen's strategy. But really, unless you have 90% confidence in a swing, just fucking DCA every week regardless into real projects. There's a reason DCA is a strategy. Stop putting money in stupid dogshit like PNK, STA, RSR, RLC

>>24078538
Having a ledger legit saved me thousands. That extra layer of "accept/reject" confirmation has saved me from making a fair few emotional decisions

>>24077832
GET IN EGO ASAP

https://www.marketwatch.com/press-release/ego-the-simple-yet-profitable-defi-option-2020-11-19

>>24079392
this advice alone will stop you from making idiotic threads, learn it by heart OP

>>24081387
This. Investing is like everything else in life: go all in right now with everything you can afford to lose, do it now you pussy, and don't look back at what could have happened.

>>24081680
by threads I meant trades but come to think of it both apply :^)

>>24081642
fuck off, won't fall for this shit again.

>>24081032
hard to be smarter than bots, I'm not talking hourly or even daily swings, more like 2-3 trades per week or something.
>>24081632
good idea and I have actually thought about that aswell