✴️ WHEN DEALING WITH "CRYPTO", YOU NEED TO HAVE A "STRONG HAND"!
"The individual investor should act consistently as an investor and not as a speculator." ~ Ben Graham.
Yoooo STACKERS!
Currently there is some "Major Pain" happening right now, in other words... a slight correction happing in the markets. 📊
If you been in "Crypto Game" as long as I have, you probably might know what the phrase "Strong Hand" means. If you don't, that is totally fine... us nerds like to use funny terminology such as FUD, HODL, and FOMO when discussing Cryptocurrencies. 🤓
So what does that phrase "Strong Hand" means?
It's pretty simple, when the markets starts to tank or have a slight correction... you must stay "Strong" and not sell your positions. In other words, don't be emotional and start panic selling (The Weak Hand). 🃏
There are so many "Newbs" that came into the markets the last several months, especially during the holidays who bought at the top.... panicking. 👶🏼
When Speculating or Investing, you cannot be emotional and need to start making rational decisions. For example, I'm currently looking at all these cheap Cryptos that I was interested in for the past few weeks and start looking for buying points on the dips. 📉
For a few months, I always wanted to get a small position in "SALT" which I kinda missed the run up... so I just purchased 100 Coins for $900
This doesn't really mean I'm buying at the "lows" but guess what... I now have a nice small "position" of Salt which I wanted for a long time. So Awesome! 💸
During times of fear, learn to have that "Strong Hand" and instead of panic selling. Start doing some research and start picking up these coins that you always wanted on the dips!
Hope this give you guys a little more confidence and some reassurance because in Crypto, it's a very bumpy Roller Coaster Ride... tons of ups and down!
Who knows, maybe by tomorrow morning... we can see the markets back to where it was yesterday. What a crazy world we live in. 🤣
Keep on STACKIN! 💰
For those who are interested in following my "Daily Activities" that I do in very "short form". Follow me here: @charles-fuchs.
Yes mate, a year or so ago I'd have panicked a bit but you get used to it, if your plan is to HODL you have no worries.
Not getting emotional is good advice with all investments my friend, there's no point it'll just eat away at ya.
Stack on, Steem on and HODL!
Same here! I talk about this in my latest technical analysis on BTC and cryptos:
"Game Over For Cryptos?"
https://steemit.com/bitcoin/@benkalashnikov/btc-update-analysis
Yeah, Seen this getting thrown around, Makes tons of sense with the bull rally since Jan 2017. One last shot for people who never could of gots coins cheap, then to the moon :)
We have some major bearish trends right now... HODL BABY!! 🤑
What is happening now? Just the same Asian stories that S Korea is considering stricter AML policy and even considering closure of Crypto Exchanges as well as China is planning to do the same... But is this something new to you? We are being bombarded with the same type of news since September 2017.
Plain and simple: one of cryptoplayers with above than averaged cryptoassets is selling own stack (yes, the market is very thin, even some of your orders can move it slightly), then the crowd sees the plunging prices and joins this race. That's it!
I'm hodling hard right now! These red candles still scare me even after 2 years in the market lol I never buy in to hype coins, unless of course I happen to be in one before it hypes ;)
Went back to basics a week ago, bitcoin, Litecoin, Steem, EOS and accumutation time 😬
Ouch, that isn't a winning portfolio in my opinion. BTC will slowly die, LTC is a mirror copy, STEEM and EOS have caused major concerns in community about the team
coincheckup.com
SALT is good and I am buying some too. Meanwhile, I am still holding my ADX tokens waiting for the AdEx prototype to be launched in February.
Tons of cheap coins right now :)
Agreed. I would also argue against trying to time when you enter the market. As long as you're timing the market with respect to your exit timing, now is as good a time as ever to enter the market. Buy and hold has historically outperformed other investment strategies imho and will likely follow suit for cryptos.
Im a big hodler, but my friend has been studying indicators and it has paid off for him, he made a 0.1 BTC 2 days ago off a 0.5 BTC series of positions on QTUM when he was able to call a 5 wave bearish motive
Yep, fair - definitely some opportunities to make money trading volatility on technicals. I'm just not as confident in my ability to do so successfully long term
Thanks for bustin' out that emudmucation to the peeps haha :)
Just got to HODL during these times or buy more!
Yaa bro !!
Not a game for weak hands for sure.
Can be scary when you start out and get greeted by a dip but if you have done your homework you know you have invested into the future.
If not, do your research on your investments
100000% correct! I had several people hit me up on Facebook asking me if they should see, I didn't even respond lol
HOLD FOR LIFE, well when it 1000X, then sell off the top :)
I got my Salt pretty early but I totally missed out on NEO around 80....kind of forgot and Bang now it’s up at 170....anyways keep cool and wait for the right moment to jump in. My right hand is Ok
SALT is going to be huge! It will be a great way to spend your crypto and pay less taxes. Partly because of that, we think it will be making some massive gains as the platform functions more and more!
Take a look at Ethlend and Ripio Credit Network, great small cap plays 🤑
I like the model. Have been doing microlending for years. (Zopa in UK) am Keen to leverage coin holdings that way too.
In this fast it won't matter much longer. Consider the value of ripple and a few others.
Voila! I agree! Just reading new tax rules in my country
Yes, I had my mouse over the button to buy Neo and then I was like “nahhh I’ll put it all in wabi and let that grow then put it in Neo” and then wabi was like “I need a break, man” and it farted out half of my earnings.
Hahaha oh well oh well.....there will be other chances
I seen that, most of us missed it when neo was $5... I totally missed Salt 100%... I like the price of $5-$10 for Salt, for my small position today 🤑
Hey want to hear something funny!
Just read it on twitter
So funny, Tron, Verge and Cardano was so hyped up by the YouTube community and tons bought at the top... now everyone’s mad 😂
NOOOT meee 🤣🤣🤣😊
Market will recover, almist every coin is hyped.
Agrrrrr I am mad I forgot Neo and glad to give me a hint to get more SALT and forget the Sugar. :)
And sold my salt for icon....hope that won’t end up being good a stupid move too!
I didn't buy NEO at $4. I bloggged about it when it was previously known as Antshares. Could have bought at $6 or $7. Still didn't. You have nothing to be MAD about. Check out a few great projects coming up and try to get in early. I'd check out Telegram(TON) and TIO.
I actually invested in some NEO but at some point I sold them, thinking it’s not going anywhere. Then I wanted to jump in again but I guess I just give up. Interesting! I check those out!
Aaa, I understand yur frustration 😂😂. I usually just buy them and forget about them like I did with Bitcoins in 2015.
If you have been in crypto for more than 60 days, you should still be 3X higher than your buy in price.
So right! If the market tanks to 90%, I'm still ahead hahaha
Buying Opportunity!
I haven't sold any coins that I have bought yet (although the bitcoin transaction fees are making me feel I should reduce that position) I am using this down trend to pick up some bitshares and monero. Thanks for the heads up on salt, I havent looked at that one yet.