Please tell me WHY? WHY would something just go up and up?
Seriously ?
Who seriously believed in the HODL meme?
Angel Green
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Leo Lee
HODL does not mean that everybody thinks it always goes up.
It means that you don't panic sell when you already reached the bottom.
Justin Wilson
It's about not missing the liftoff user.... read about the effect of not holding stocks during the key days during the year. If you were not holding today and the price of BTC started rising $1k per day, when would you buy back in?
James Morris
I did, still am. Bought between 75$-800$ per BTC. Not much but I still have quite some profits left. I am down for the year, up for 5 years preceding 2018. Obviously cash out when you are sitting on fat profits. Little reason to hold on 10.000% unrealized gains.
Nicholas Reed
Practically infinite supply due to automation, just need an excuse for distribution.
Juan Rogers
Nice try to FUD hodlers though....
Logan Jones
Yeah but there is quite a big fucking range between the 1000% gain top and LOSING 60-70% from that. For me this is people not having a plan and excuse it by "muh wallstreet".
NOTHING goes up forever. Read economic history FFS
Kevin Sullivan
as a decemberfag, going up was the only thing I knew, I disregarded going down as just a small bump on the way up, I unironically believed that it was a new, valuable market emerging and I caught it just in time
a very costly lesson, hope it pays off in the future
Adam Russell
I prefer buying into a strong trending market any day, since if you are down 5% , the price must go up 10% for you to be at 5% profit. and so on
I am so much annoyed by this stupid meme shit. You don't need to be a pro trader, but MAYBE consider selling something if what you own go DOWN for SIX fucking months? At least don't complain on an anime nazi board
Asher Rodriguez
Agreed about the complaining part. However, to be out of crypto for a couple days or weeks during a crypto run up will kill you.... then you rush in and it corrects... lol. Crypto is like no other market on earth - better to be in than out...
Cooper Davis
Also, never try to time the markets. This is a golden rule in investing.
You may be looking at this all as what is called "day trading" - that is not investing, it is gambling.
Elijah Watson
i like to hodl because its fun being part of crypto.. the memes are worth it.
the odd gains is fine too
Grayson Richardson
I bought and hold ETH because I sincerely believe in its utility; just waiting for sharding and PoS so it actually becomes usable
why would I risk my stack by pretending to know which direction the market is going in? none of you clearly have any idea either, you're just deluding yourselves
Henry Miller
that's for buy in yes. but to not cut a loss when you are down 20% in ANY market is beyond stupid.
Brandon White
>Invest in something you think has potential
>Entire market plummets due to XYZ reason
>"Why aren't you selling at a loss?"
Joshua Cruz
yeah that's the reason banks and hedge funds employ traders who make a lot of money
No I am not saying I am better than them, but I at least understand risk managmeent
Logan Harris
WHY would you sell at a loss if you only invested what you can afford to lose? Worst case scenario you lost your gambling money, best case scenario it makes you rich.
Christopher Morris
Not a meme but a LONG-TERM STRATEGY.
May be a hard concept to grasp for most brainlets though.
William Harris
Hope you at least spend some time looking into the downsides of these things.
Wider stops in general in crypto probably make more sense honestly.
Robert Lewis
Because people want to make all of the money, not some of the money. Then they get rekt so hard theyre too poor to buy a rope.
Levi Ross
downsides of sharding and PoS?
I don't see many; inter-shard communication is an issue but is a planned future addition, and is strictly not necessary for most applications
As far as I can tell it's a good enough bandaid; casper and sharding will provide an immediate 500x gain to throughput, and with time the number of shards and things like plasma will likely bring ETH to millions of tx/s, at which point anyone who is still holding is filthy rich
Camden King
For me the big issue isn't longterm though, my dreamgirl streams on Twitch and she's not a donation whore by any means, but sometimes she misses streams to take extra shifts at her job and sometimes jokes "anyone out there feel like paying my rent for the next few months?" She only has 30-50 viewers and those comments are meant completely in jest, but it's always been my dream to be able to say "sure!" and she gets the donation notification and reads "agreeablebit has just tipped 10 thousand dollars?!" "oh my god I wasn't being serious, oh please you didn't have to.." and just breaks down crying as I tell her don't worry about it, it's not a lot of money to me but I know how much this can help you, you should be doing this a career and if this helps you devote yourself full time it's money well spent.
And I don't become pushy or feel demanding of her time after that, but I do try to initiate some conversations over skype, and our sense of humor just clicks and she notices the guitar in the background and asks if I play and I brush it off, and she's all "oh please, serenade me!" and does the joking puppy dog eyes thing and I sigh all right, and pick it up and while I could play super advanced classical guitar concertos that would be trying to hard, and I instead do a silly laid back improvised classic disney medley with fun jazz elements, and she ends up singing along, and I adjust my playing to compliment her voice and own phrasing with the subtle subtext that I would be as responsive to her as a lover..... and we end up agreeing to meet and well...a gentleman never...
But that will never fucking happen if this fucking bear market never ends, what the fucking hell??!?!?!
Nathaniel Clark
lmao
Charles Howard
William Foster
best post so far
Andrew Wilson
fomo
Brandon Edwards
Some reading material for when you have time fren
medium.com
medium.com
medium.com
While you wait to try to secure millions of transactions per second let's make sure things are being built in order.
Even the people working on sharding don't have a clear definition on what the fuck sharding is. Last I heard the main PoW chain may have to stay and all these other things will work with their own rules. Needing only 32 ETH is attractive but there's people that may try to abuse that.
notes.ethereum.org
Gabriel Stewart
For me the big issue isn't longterm though, my dreamgirl streams on Twitch and she's not a donation whore by any means, but sometimes she misses streams to take extra shifts at her job and sometimes jokes "anyone out there feel like paying my rent for the next few months?" She only has 30-50 viewers and those comments are meant completely in jest, but it's always been my dream to be able to say "sure!" and she gets the donation notification and reads "agreeablebit has just tipped 10 thousand dollars?!" "oh my god I wasn't being serious, oh please you didn't have to.." and just breaks down crying as I tell her don't worry about it, it's not a lot of money to me but I know how much this can help you, you should be doing this a career and if this helps you devote yourself full time it's money well spent.
And I don't become pushy or feel demanding of her time after that, but I do try to initiate some conversations over skype, and our sense of humor just clicks and she notices the guitar in the background and asks if I play and I brush it off, and she's all "oh please, serenade me!" and does the joking puppy dog eyes thing and I sigh all right, and pick it up and while I could play super advanced classical guitar concertos that would be trying to hard, and I instead do a silly laid back improvised classic disney medley with fun jazz elements, and she ends up singing along, and I adjust my playing to compliment her voice and own phrasing with the subtle subtext that I would be as responsive to her as a lover..... and we end up agreeing to meet and well...a gentleman never...
But that will never fucking happen if this fucking bear market never ends, what the fucking hell??!?!?!
Logan Ortiz
>ast I heard the main PoW chain may have to stay and all these other things will work with their own rules
That's my understanding too; the shards report back to the main chain, and the main chain delegates validators to shards
I know none of this is set in stone or certain in any way, and I won't even claim to understand it technologically (would be a full time job), but the general optimism from the developers working on it makes me believe we aren't that far off
>Needing only 32 ETH is attractive but there's people that may try to abuse that.
how so?
thanks for the material though, always interesting
Brody Howard
Go away.
Aaron Brooks
>buy high sell low
Ryan Price
I fellt for it :( i thought im gonna get rich fucking meme killed me
Blake Ortiz
When you're testing new ATHs on your portfolio, you're excited to HODL to see how much higher you can go.
When things dip below your ATH, you're always going to think of your ATH as your 'real' net worth. So you can't sell now or you'd be selling yourself short.
I would guess these are the same emotions any gambler feels as he doubles his money at the craps table over and over. He finally misses a beat but just doubles down and tries to gun for his high score again instead of quitting ahead. So for me HODL wasn't the 'smart thing' to do, it was highly emotional. I held shitcoins all the way to the bottom because shitcoins are highest risk/highest reward and I would have necked myself if we had another surprise bull and I got caught with my pants down holding 'just' BTC or ETH.
Ryan Richardson
So we the financial equivalent to a bunch of 6/10 women that think we deserve Chad because he pumped and dumped them? Fuck.
Asher Roberts
Real investor always prepare exit strategy before investing
Only scammers will tell you to HODL, because they have vested interest to inflate the price before cashing out
Angel Brown
This. I finally came to this exact realization and consequently tethered about 10 days ago. Glad I did.
Asher Jackson
Because every time I sold something that was not an utter shitcoin I regretted it eventually
Kayden Scott
>things go down forever
Charles Davis
>just waiting for sharding and PoS so it actually becomes usable
good luck on that
IOST has that now
Ian Watson
nothing goes up forever but projects with lots of potential will reach many new highs.
just because you bought at the first peak doesn't mean you're guaranteed a loss.
I literally bought a meme coin and am down 90% but this coin's potential is why I HODL it.
Joseph Taylor
jesus u r creepy. thank bog that the market is crashing
Gabriel Robinson
Back in December there were stories of people taking out second mortgages on their homes to buy bitcoin I wonder of those "reports" were just the usual fake news from the media or if was really happening.
John Peterson
crypto is full of teenagers and edgelords who heard about a way to make quick money or prep for the apocalypse and throw around words they heard used elsewhere regarding stocks and money.
they don't understand any of this shit or real strategies for making/saving money.
Hudson Johnson
Creepy
Andrew Wood
Here's why. Crypto is not like investing in copper, or public stocks or some other mature market.
Crypto is like investing in startups. If you invest in 100 startups, it's very hard to know which one is gong to be the next dropbox (Paul Graham has actually written about this)
And the thing is, with these assymetric returns, it is a distinct possibility that ONE of your investments is going to generate more returns than all the other ones put together. Eth was an example of this for many. Neo was an example of this for many. So, given that, it is better to just place your bets and then sit back and watch.
NOW -- there is a completely different strategy, which is to trade the volatility of crypto. I don't know how to do that, and I think it is very hard to do that consistently and beat the algorithms that are doing it, especially when you factor in trading fees and taxes on each trade.
Jack Morgan
Best incel copypasta I've ever read. Keep this one user you will be able to get mileage out of this on /v/ and Reddit for a long time.
Julian Johnson
>I literally bought a meme coin and am down 90% but this coin's potential is why I HODL it
REQ is a shitcoin. I'm sorry for your loss.
Evan Powell
Here's cliffs for a summer brainlet:
1) All altcoins are shit because PoW is the only way to beat entropy and keep your money safe
2) Due Pareto law distribution, physics dictate 80% of electricity will be spent on Bitcoin and it's network effect will keep growing
3) Empires come and go dua fiatolas blowing up on a long enough timeline, and Powellcoins have no more than 20 years left to lose world reserve currency status
4) When this gap is opened, Bitcoin will be world currency reserve (because Chinks and anyone with a brain in power will have been amassing it for years while you gambled your moon tickets on pajeetolade).
Now you can continue lossing bitcoins on shitcoins and counting gains on (((USD))), then regret 10 years later about how you could have been part of the new world order's Rothchilds.