Honestly this bear is horrible and all, I've lost hundreds of thousands and I'm still hodling like a retard.
BUT I've learned a LOT about markets, market cycles, risk management, investing and money management.
TL;DR: >when fucking cab drivers and cringy normalfags college students start talking about something, GET OUT >if it is mooning, and you want to buy in because it seems like it will keep going up, it's usually TOO LATE >when you're up 10000% or even 100% in a year and the bull seems to be getting weak, SELL >when all hope is lost and almost no one even talks about moons or bulls, BUY
Actual oldfags and good traders please correct me if I'm wrong.
Seems dead on. Also point out that some coins have decentralized stable coins you can sell to without ever having to touch fiat.
Chase Williams
>when all hope is lost and almost no one even talks about moons or bulls, BUY this one is a meme. this was true pre internet but now it's not
Nicholas Campbell
>>when you're up 10000% or even 100% in a year and the bull seems to be getting weak, SELL As a newbie who is looking to learn, I don't get this one. If I double my investment, let's say go from $10000 to $20000, you're telling me I should sell all my shares?
Anthony Thomas
you don't make money unless you sell you tremendous faggot.
Julian Rivera
>>when fucking cab drivers and cringy normalfags college students start talking about something, GET OUT this only applies to degenerate bubble ponzis like Bitcoin
when normies start talking about anything else, like starting to talk about Facebook in 2008, that's when you should start getting bullish.
so no, your experience unfortunately doesn't generalize to any other market except other ponzi bubbles (if you are lucky enough to see another one in your lifetime)
>>when fucking cab drivers and cringy normalfags college students start talking about something, GET OUT thank sir u seem intelugiant seling my goggle and amezon stoks since 2005
Nathaniel Baker
don't talk about crypto in public unless it's technical stuff to another crypto nerd otherwise you'll put a target on your back or lose brain cells
Ryan Butler
also if you talk about bitcoin in public family and friends will assume you're rich even if you never held much and never sold I've talked about it but still live like a poorfag because I never want to work again no I'm not lending you money or investing in your house flipping venture
Isaiah Roberts
Real big boy financial analyst here.
>true >wrong. Buy low sell high is a false ideal, trend following is all about buying high and selling higher. If you buy low you are by definition buying against the downtrend which means the probabilities are against you. >Half true. Forget about any numbers. Forget about goals in general. If you are even just 1% up and the trend looks weak, get out. Numbers don't mean anything when there are millions of other trades you could be doing. >not necessarily but if what you mean is that specifically, the public (aka dumb money) is not talking about it then yes but not on its own. You should have some kind of analysis that says it should go up.
Owen Adams
>degenerate bubble ponzis You mean something like your ego?
Robert Collins
he means like pot stocks which were hot last summer and all college students and boomers talked about think of tilray rush
also 3d printer stocks before that bubble
and bio stocks bubble b4 that etc etc
Christian Nguyen
this market turned me homosexual
James Rogers
>hurr dur Im so wise You dont know shit. You dont even trade real markets
Of course Google/Amazon/Facebook have been mainstream for years, but you NEVER heard normies preaching others about buying stocks because "it will make everyone rich".
Alexander Peterson
honestly, the biggest indicator is the chart. When you see the price increasing directly upwards on a log chart, it’s time to sell. Look at the last bubble and you see it goes from 0 degrees (flat) up and up and up until it’s forming a 90 degree angle straight up. That’s how you know it’s time to sell.
Andrew Russell
If you look at your portfolio, and you get this giddy feeling inside that tells you, "oh jeez! I may never have to work again!" then you need to sell. It is the mark of a good investor to be hopeful when others are depressed and paranoid when others are euphoric. It goes against every tenet of human pattern recognition to buy low and sell high. Psychos make good investors because you literally have to turn every fiber of yourself against your emotion. If anything, listen to your intuition, your instinct. It takes a lot of willpower to listen to your instinct, because you feel like you are acting on impulse, but it is simply a decision that you have been debating for days in your subconscious.
William Robinson
youre a retard whos never seen an investment go to zero. you can lose everything its not a video game.
