I'm one of those guys that went from $8k to $250k and back to $15k all while taking $0 profits
main reason was because I'd never invested in anything before, it happened so fast, and I had no plan and was incredibly greedy.
Best advice I give myself and others now: HAVE AN EXIT STRATEGY AND FOLLOW IT NO MATTER WHAT
I know now at exactly what price/percentage I'll sell portions of my bags. If it keeps mooning after I sell, so be it, better to miss those gains than to get greedy and lose it all.
I'm up $2 should I sell?
Sell when you feel the least like selling. Unironically. When it seems like everyone thinks it can only go up you should be worried. Make a thread about selling your cones; the larger the % of people who tell you you're a retard for selling the more inclined you should be to sell.
Also, this.
When you feel good
>Make a thread about selling your cones; the larger the % of people who tell you you're a retard for selling the more inclined you should be to sell.
That's decent use of Jow Forums as an indicator. I like it.
Anytime you're up 10x on something whose fundamentals did not change one iota since you bought it, you can be assured that it will just as easily go right back down to where it started.
Anyone who didn't put in a stop at their +3x point (at the lowest) completely deserves what they got and I have no sympathy.
41 year old boomer here, most of you are too young to understand how much risk you were taking, and how unbelievably lucky you were getting. People with more experience and higher power levels in investing (and life) tried to tell you that crypto in 2017 was just monkeys flinging diarrhea at each other, but you just said that we were boomers who didn't get it, while reaching for another handful of diarrhea.
I traded during the dotcom bubble and learned my lesson then.
Look on the bright side: when the next generation gets into their own stupid bubble of bullshit 20 years from now, you'll be there to give them advice. You'll be called an out-of-touch boomer, but then you'll have the pleasure of getting to sit back and watch yourself be right.
*siiiiip*
Unironically this. When everyone has bought in and is bullish there are no more buyers to push the price further up.
no, we'll join the ride brainlet
fuck off boomer, you're just salty you never bought crypto