Crypto Megathread V16 - Only The Strong Survive

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TeTe said:
Shorting crypto is a dangerous game. It's not like the stock market. That may change one day as the market matures but holding longer term is a very safe bet. If something moons and you want to cash out for good on a certain project.. fine. But playing day trader with crypto.. seesh. There are people who I would consider "good" at it that still lose their ass on a significant potion of their trades.
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Tried it, lost like .04 eth and that was the end of it for me.
 
Rygu said:
Guess I was wrong about Doge, that shit just might hit $1 if BTC hits 80k.
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I always hold some DOGE personally. You just never know when that thing will take off into the 60s or something. It has such a strong meme presence, reddit, Elon, etc. It's worth trying to catch the next big pump and then sell it before the dump.
 
TheNinja said:
I always hold some DOGE personally. You just never know when that thing will take off into the 60s or something. It has such a strong meme presence, reddit, Elon, etc. It's worth trying to catch the next big pump and then sell it before the dump.
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Well Elon caused the biggest pumps so I assumed if he didn't do that anymore it would have no reason to pump but even without his tweets it does randomly pump and it pumps like few other cryptos can even without Musk.
 
meauneau said:
What if it does a 100x from here?
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It could do a lot of things. We're talking about people that largely live paycheck to paycheck. Some people have come to me and ended up putting some money in those assets, just depends on their goals and disposable fiat. I usually explain to them that things like Safemoon have the potential to make them more money than something like ETH in the short term. It just comes down to whether they are risk averse, neutral, or seeking. If you put 5 grand in Safemoon, you have a chance to make a lot of money. 5 grand in ETH or BTC will very likely make you some money in the long run. Possibility vs probability vs plausibility.
 
TeTe said:
One of my coworkers was crying this morning in our crypto chat on Teams that he sold ETC at $60 and didn't hold now that it's at $72 or whatever.

But that's what these guys do.. buy Doge, ETH, ETC and they try to short it all the time. 75 percent of the time they get rekt. I keep them them just to hold, or just have a price in mind down the line and sell and never look back. They never fukin listen though. They go and rebuy when it dips a little, watch it go down some more, complain some more...then sell when they have the chance to make minimal profit while it's still on the way up.

Another dude, sold ETH last week after making a few hundred dollars and was like.. "well, I'm hoping it'll go back down to $2500 and then I'll rebuy" Okay, but what if it shoots up to $8-10k in the meantime? What if it never sees $2500 again? I keep telling these guys.. if you must take profit, fine.. but don't dump it all and hope that it drops to some preferred price down the line and miss out on more profits.
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If only Miles could have talked to them.
 
Awesome. My Dodo has doubled, plus I’m getting 90% APY on it. Kinda wasn’t expecting it to be one that goes up that much so I didn’t put a whole lot in sadly.
 
On the bright side my toys are arriving from selling sol. So I can live with it <45>
 
Rygu said:
Well I got sick of holding the Tether so I grabbed 41.5k VET. Fuck I dunno if that was a good decision or not lol.
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Well if we're beginning the second leg of the bull run, just about any buy is a good decision.
 
TeTe said:
Well if we're beginning the second leg of the bull run, just about any buy is a good decision.
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That is true, I needed to hear that, I had that "I fucked up again" feeling soon as I pulled the trigger.
 
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