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Hog's Gone Fishin 09-03-2021 11:00 AM

Grabbed some Solana the other day at 118. It went to 122 so I sold.

It dropped back to 118 so I bought back in. It went to 114 so I sold. Risk management!


Now its 2 days later and its 140 and climbing.

Not falling for it again.

KCrockaholic 09-03-2021 11:02 AM

Quote:

Originally Posted by Hog's Gone Fishin (Post 15813346)
Grabbed some Solana the other day at 118. It went to 122 so I sold.

It dropped back to 118 so I bought back in. It went to 114 so I sold. Risk management!


Now its 2 days later and its 140 and climbing.

Not falling for it again.

Lol, why are you so quick to sell on short fluctuations like that? Just curious. Also, I would just never sell at a loss if I was you. Patience is key there, let it come back up then sell again. My dumbass bought some Chainlink back in May when it was at its top, so I've just been sitting and waiting. Learned a lot from that one though, and I have money put into the right things in the meantime.

eDave 09-03-2021 11:07 AM

Quote:

Originally Posted by KCrockaholic (Post 15813349)
Lol, why are you so quick to sell on short fluctuations like that? Just curious. Also, I would just never sell at a loss if I was you. Patience is key there, let it come back up then sell again. My dumbass bought some Chainlink back in May when it was at its top, so I've just been sitting and waiting. Learned a lot from that one though, and I have money put into the right things in the meantime.

Classic beartrapping.

Quote:

Originally Posted by BWillie (Post 15813321)
Shit! Back up to 51k Btc which is what I sold 30% of my stash at I guess for nothing now. Paying taxes for no reason this year. I can't wait **bangs head**

So you sold at $50 and instead of re-investing in the 30's, you sat on the cash instead? Am I reading that right? The market did exactly as you predicted it would and landed right where you said it would. It was ****ing impressive. You frustrate me.

Hog's Gone Fishin 09-03-2021 11:22 AM

Quote:

Originally Posted by KCrockaholic (Post 15813349)
Lol, why are you so quick to sell on short fluctuations like that? Just curious. Also, I would just never sell at a loss if I was you. Patience is key there, let it come back up then sell again. My dumbass bought some Chainlink back in May when it was at its top, so I've just been sitting and waiting. Learned a lot from that one though, and I have money put into the right things in the meantime.

In my mind I'm thinking this just went from $30 to $118 in a couple months. I don't want to get trapped in a free fall back to $30. I put my money there back in Cardano so it should be safe. I'll admit I have investment ADHD.

BWillie 09-03-2021 11:24 AM

Quote:

Originally Posted by eDave (Post 15813351)
Classic beartrapping.



So you sold at $50 and instead of re-investing in the 30's, you sat on the cash instead? Am I reading that right?

Yeah. I'm using the money to flip a house right now, though. A small percentage of it. The rest is inflating baby!

Molitoth 09-03-2021 02:35 PM

Quote:

Originally Posted by eDave (Post 15798338)
I'd start now

Really?

I'd wait for the next big dip. Billionaires make it happen with FUD, because that is how the money is made.

They are thinking long term, while most people are thinking "how can I get rich quick?"

Hog's Gone Fishin 09-03-2021 02:44 PM

Quote:

Originally Posted by Hog's Gone Fishin (Post 15813370)
In my mind I'm thinking this just went from $30 to $118 in a couple months. I don't want to get trapped in a free fall back to $30. I put my money there back in Cardano so it should be safe. I'll admit I have investment ADHD.

OK Cardano not moving but Solana is . Should I dump my Cardano and buy back the Solana ?

eDave 09-04-2021 01:17 AM

Quote:

Originally Posted by Molitoth (Post 15813769)
Really?

I'd wait for the next big dip. Billionaires make it happen with FUD, because that is how the money is made.

They are thinking long term, while most people are thinking "how can I get rich quick?"

To me, it just goes back to basic timing vs. time in. With DCA catching the average (while having cash for the big dips).

Investment methodology is a personal thing and dependent on risk and all that. I'm an all in, all out kinda hipster. The overall investment community is a fan of DCA however. Now, you might say these are two distinctly different markets and I agree, but that shit transcends all things, bro.

Whatever. I'm high.

Hog's Gone Fishin 09-04-2021 07:26 AM

So I woke up this morning around 5 . Pulled up stocktwits to see what was trending. Poly.x was moving. So after spending 14 seconds of DD I dumped my Cardano and Bought Polymath . Within 15 minutes I made $650 and sold . LOL. This shit is just stupid!

eDave 09-05-2021 03:39 AM

Actress Reese Witherspoon, who is estimated to be worth an estimated $400 million, has revealed that she's investing in cryptocurrency. "Just bought my first ETH! Let's do this #cryptotwitter," she wrote on Twitter. Reese recently sold her media company Hello Sunshine for a reported $900 million to private equity firm Blackstone Group and former Disney execs Kevin Mayer and Tom Stagg

MTG#10 09-06-2021 08:40 PM

Bitcoin is cookin!

Hog's Gone Fishin 09-06-2021 08:49 PM

Quote:

Originally Posted by MTG#10 (Post 15816902)
Bitcoin is cookin!

So is Solana

Shag 09-07-2021 09:02 AM

WTF is happening in crypto today?

Shaid 09-07-2021 10:23 AM

Big drops everywhere except Solana, not really understanding it. Seems too early for end of Bull market. September selloff?

KCrockaholic 09-07-2021 11:08 AM

Solana is still pumping which is strange. Are people pulling out of other cryptos and getting it into Solana? Bull run better not be over already dammit.


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