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RE: Pump and Hodl Scammers Revealed - ON VIDEO!
Good work putting this together, upvoted.
Q: Why raise the price if you're holding?
A: The price is irrelevant if you're holding. The only reason to raise a price is to realize gains.
AA. First part I disagree with, long term steady rises is what makes holding worth it, also short term spikes draw attention and new investors so price is relevant even to long term holders.
Q: If a coin you have is up 4,000%, are you selling or holding?
A: you're selling.
AA: This doesn't seem relevant to this video but regardless here is my opinion. I still hold coins I have 4k% gains on, why? I'm not ready to pay taxes on it nor am I under the impression that is the top.
The only way to realize gains is to sell, whether you sell now or sell later, you're still selling or you haven't actually made anything.
Right, not sure how that is applicable to my comment. I specifically said the first part I disagree with which was the part about the price being irrelevant if you're holding.
Okay, so how is the price relevant if you're holding?
I answer that in my original comment. "First part I disagree with, long term steady rises is what makes holding worth it, also short term spikes draw attention and new investors so price is relevant even to long term holders."
I would also like to note that I can leverage my portfolio value with lenders for real-estate investments, just like a stock portfolio. So I can use the value of the portfolio as reserves because its liquid, so even though I'm holding, the price being higher gives me more leverage.
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