/biz/ - Business & Finance

>>5298272
buy high, sell low

dont have a good feeling about it

buy out of greed, sell out of fear

>>5298272
same as you. missed out a lot of moon missions due to this but I don't want to be left bagholding something that isn't guaranteed to take off due to actual use in the future that is better than their competitors.

>>5298272
Principles may keep you safe but they also limit your potential for success. Take a read of any current situation and act accordingly.

>>5298272
Don't buy a coin that's already pumping
Don't buy at all time high
Don't buy a coin with an anonymous dev team
Don't buy a coin with a pajeet team
Prefer low mc over high mc coins

The trick is not to be profitable but to be profitable for as long as possible. It is easy to be very profitable for a very short time, but it is much harder to stay in the game long. It's all about minimizing exposure.

>>5298551
>Don't buy a coin that's already pumping

What do you mean by a coin pumping? As in, its already going up? If yes, what % do you consider pumping?

>>5298290
>>5298312
classic

>>5298718
I'd say >20% However if there is a real reason for the pump and it's clearly not going to stop at 20% I will buy in

>>5298551
>Don't buy a coin that's already pumping
that usually leads to regret. you look at it pumping you say "its pumped up so much already" and wake up tomorrow to a shocking 30% increase on the price you ve seen yesterday.

>>5298272
When making somewhat risky decisions or during times of uncertainty setting stop-losses can be crucial. But I'd say alot of lessons to be learned about FOMO as I'm sure everyone has made FOMO related mistakes at some point in their life

>>5298788
what % stop losses do you usually make?

Tether when the pink Wojaks flood /biz/

Always jump off a moon mission while shills are still shilling

Don't buy a token you're not happy to hold

>>5298272
Understand the purpose of cryptocurrencies first anon. First and foremost, this isn't actually about investing for gains. This isn't about lambos. This is about a legitimate global financial revolution the likes of which we have never seen before, to eradicate the aspects of financial inequality that are caused by a lack of equal access to the world's financial systems

People in poor countries are not poor just because they aren't hard workers or don't have wealth - often one of the greatest contributors to their poorness is the legitimate lack of investment opportunities in their country or socioeconomic group. People in Africa cannot invest in US index funds longterm or trade in significant quantities of USD, they can only hold their local inflationary fiat currency that is not built in their favor, it is built to favor the government's financial needs, and they are often corrupt literal warlords

In the US it's much better but still bad. USD is inflationary and a shit investment.

Find coins that are decentralized, longterm investments. Fuck the shitcoins anon, do not bother with them. Buy coins with longterm appeal. Here are my two cents:
>Bitcoin
>Monero
>Ethereum

That's about it. Everything else is either too specific to be useful in reality, or just a shitcoin.

>>5298761
>clearly not going to stop
That is never the case, it could stop on a dime.
There were people who bought BTC at 19k for this exact reason. Don't be that person.

>>5298718
I mean already reacting to whatever is making it go up and moving 20-30%. A realistic goal on any pump is 20-30% imo. If that goal is already gone you're taking a huge risk.

>>5298272

Only invest into something you can sleep on

Greatest returns you'll get in life compared to the fast-paced make believe gamblers called day-traders

Only 1% of day-traders are pro, rest are gamblers.

>>5298272
If biz shills hard enough me buys.

>>5298906
Too little people understand that cryptocurrencies make government and banking obsolete. Exciting times when the ancap ideal is actually within reach.

>>5298906
You have to be working on this level but playing the normie level game to really make it. Take enough fiat out to cover yourself and ride the wave. Try and time the crash. Then rebuy the real revolutionary tech.

>>5298551
>Don't buy at all time high
I don't think you quite understand how stupid this statement really is

Bitcoin had all-time-highs at $1, $2, $3, $100 and so on

>>5299265
Reading is fucking hard huh?

>>5298272
Never lose money

>>5299301
You can apologize later for your stupid statement. We're not angry.

>>5298718

I think he means while the coin is on its breakout

You should look for an opening when it dips (if you think you missed an early investment and it will just keep going higher, in which case if its not that, enjoy holding bags)

Don't buy or sell too often (limit the amount of transactions you make, plan carefully)
(also don't tell anyone but buy ppt shhhh)

>>5299329
Yea I'm the stupid one
brainlets and their hubris

If you're 20% up on a coin and you feel there's a 50% probability of it going to 40%, sell.
Don't take the risk of it dumping before getting there. Sell and use the time saved to invest elsewhere; time is a factor and makes selling early the right choice.