/biz/ - Business & Finance

[Anonymous No.4724583]

>he fell for the HODL meme

HODL has become a dead strategy in the crypto world now. It was fine back when everything was pumping like crazy, but now most of the top 100 market cap coins are stagnating, or just fluctuating up and down.

I've made more than 100 grand in the last 6 months from a 3 grand initial investment, and literally all I've done is buy into every single ICO I saw on /biz/ or reddit that didn't have more than 50% presale bonus. Literally every single one. Anywhere between 0.2 and 2 ETH per ICO. Dump the coins soon after they hit ED, regardless of whether you sell for a profit or a loss, you don't want to get stuck bagholding shitcoins and your profits from other ICOs will make up for the small amount of losses you'll experience. 75% of the ICO's I've invested in have gone at least 2-3x ICO price, some have been even more kind to me (Confido and Power Ledger in particular).

It's not fucking hard, you're in the middle of the ICO frenzy, take advantage of it before they start to regulate this shit.

[Anonymous No.4724596]

hodl only applies to btc

[Anonymous No.4724627]

>>4724596

But all the top 20 coins are all up at least 1000% from a year ago.

[Anonymous No.4724629]

>>4724583
>i gambled and and won

[Anonymous No.4724645]

>>4724583
Good. Now cash out.

[Anonymous No.4724687]

>>4724629
That's the thing, it's not even gambling. If you exclude ICO's that have a high presale bonus, I'd estimate that over 70% of them go above ICO price within days of the tokens being distributed. If you contribute the same amount of ETH to all of them, it's not gambling because even when you lose, you still win, for every shitcoin you buy that dumps, you usually have 2 or more coins that have doubled or tripled in price.

[Anonymous No.4724688]

>Dump the coins soon after they hit ED

What is ED?

[Anonymous No.4724703]

>>4724583

Yeah right.

Meanwhile I doubled my gains while holding mostly alts within 6 months.

Don't listen to OP:

- Buy low
- Hold at least 6 months to 1 yeah, more if you don't need the money

Only then you will reach the mighty moon.

[Anonymous No.4724720]

Oh, it's Ether Delta.

[Anonymous No.4724748]

I'm up 2500% just holding stellar for a few months. Get fucked

[Anonymous No.4724749]

>>4724687
dont bother trying to teach these retards game theory and equities.

[Anonymous No.4724755]

Hodl applies to the btc and ltc. Don't hodl shitcoins but there are coins that are alts that aren't shitcoins.

T. Hodling ark till triple digits, soon to be hodling omg.

[Anonymous No.4724770]

>>4724749

don't bother trying to send more intelligent than you are

he literally said, "I'd estimate 70% of them go above ICO"

>estimate

in other words, he is fucking gambling

if that number was 49% instead of 70%, he'd lose money

[Anonymous No.4724777]

>>4724688
being this new.

[Anonymous No.4724796]

>>4724629

If you win every time over an extended number of trials it ceases to be gambling.

It just turns out that making profits from said strategy wasn't as risky as you though it was.

[Anonymous No.4724845]

>>4724770
Very very few tokens go below ICO price and stay there. If you actually hold them all for more than a month, it’s more than 90%. The reason I sell some of them at a loss is just so I have more ETH to buy into other ICO’s. Come to think of it, the only one I’ve bought in the last 2-3 months that is still yet to go above ICO price is Enjin

[Anonymous No.4724853]

>>4724583
HODL is definitely a meme. Most alts are down huge in sats the past few months and people don't even realize how much money they lost if they would've sold near their alt's spike and simply held BTC.

[Anonymous No.4724935]

>>4724645
I’ve been steadily cashing out the entire time, at the moment the only money I still have in crypto is the ETH to invest in upcoming ICO’s

[Anonymous No.4724996]

>hodl alts
>every fucking alt is bleeding sats value at the speed of light


Hodl is a meme, ltc, xmr, eth and btc are the only cryptos ever worth holding.