/biz/ - Business & Finance

>>53780359
just keep hoping your shitcoins pump

>le hodl
No thanks retard. Easy to day trade when btc swings 1k every week

>>53780382
So youre le holding usd. Top kek

>>53780388
No. Btc dumped today. I bought blue chips
Are you retarded? I'll "le hodl usd" when btc goes up to 25k again

Care to share some picks OP? I like the style of your thread so I’m inclined to listen. LINK and GRT are packed but I’m looking for three more.

>>53780401
Not OP but I see cosmos icp and Ada doing well. Ada especially has held strong during the last 5 down trends

>>53780401
>LINK and GRT are packed but I’m looking for three more.

Why do you need five coins? Do you believe in LINK and GRT? If yes, go all in. If no, or not sure, or "only enough to risk 20% of my stack, because overall I think it probably won't perform" then you shouldn't be holding them at all.

Misapplied diversification memes are one of the main reasons people tread water cycle after cycle.

I believe in concentrated, high-conviction bets with a long time horizon. In fact, I think it's the only way anyone ever actually multiplies their stack in this game (and holds onto it).

>>53780493
Diversification is required once you're making mini walls otherwise you spook the market or play slow

>>53780506
>Diversification is required once you're making mini walls otherwise you spook the market or play slow

This problem arises when you're trying to build a position of several % of market cap or higher, and even then not really a big problem until after 10% of market cap.

It's like the "I can't put my $10k into that coin because it has low liquidity" thing, when daily volume is 1.5mil. People just like to pretend they're a bigger fish than they really are.

I admit I have more than one play these days, because I have 8 figures to handle and by then, if you're in small alts, you do have to think about how to get it in and out. The vast, vast majority of people here are not going to find it an issue.

>Low liquidity
>Low volume
>Not on major exchanges
>1% slippage bro you will have to buy slowly over half an hour

Anon will tell you these are bad signs, because anon wants you to buy only coins that have finished their development path, so that he can sell to you.

>>53780548
Your method is fine I suppose for long term plays, but I believe for day trading with even 10k helps to have at least a few coins to hedge against btc suddenly shitting the bed

I like to pick 3-4 coins and leave 10-30% in usd depending on how likely I feel a btc dump coming

>>53780493
I thought the meaning of makeit stacks was that you would “make it” at bullrun ath? I feel like I’m not as confident as other anons in choosing coins. I bought into LINK because I like the history of it on /biz/ and I looked at GRT charts we’ll reach 1.5 or higher. But I feel like if I don’t hold multiple things can really go south if there is underperformance. At least with diversification you’d average out to probably 2/3 full profit.

>>53780401
99% of altcoins will look like this and BTC may too if they decide to ban exchanges

>>53780548
Also pic related is me. This is how day traders become gods

>>53780657
>underperformance
This is another reason I support diversify for day trading. For example GRT pumped way harder than my ADA stack, had I been all in ADA I would feel loss

>>53780382
Holding is the way
You felt for Bobo propaganda you retard
Holding is only bad when the parabolic bullmarket starts until it has crashed

>not buying new sexy coins during the bull market
It's fine I'm sure your ancient 0% interest rate unlock dumpfest tokens will make new ATHs. Surely.

>>53780359
always will add new projects out of the income / gains of my big winners but yes

I'm all in on Bitcoin and I have JEPI printing dividends that go straight into more BTC.
My job covers my expenses. Pretty comfy, desu.