This thread is for iron hands only. If you panic sell, margin trade, or succumb to FUD, you are not allowed to post here.
What is Iron Hands? Iron Hands is a trading philosophy that believes that trying to time the market on a micro scale is the fastest way to lose money. We try to remove luck from the question by buying into projects we believe have a serious future and holding our positions for months or years.
Why hold instead of daytrading? Because the vast majority of people who daytrade lose money. With luck on your side, swing trading CAN be much more profitable — but the odds are just as good that you’ve called your position incorrectly and will lose out. Beyond the financial benefits of holding, the best thing offered by holding is peace of mind. Iron hands are numb to the feelings of despair and panic that cause other traders to sell at a loss. Because we look ahead to the horizon, short term bearish trends can be ignored.
Why is margin trading bad? Cryptocurrency is an unregulated market. This is both a great thing and a terrible curse. There are several instances in recent memory of enormous, manipulated short squeezes liquidating millions and planting that money firmly into the pockets of the exchanges. Remember: margin trading is gambling at a casino where the house openly cheats.
What do Iron Hands hold? Anything and everything. If your hands are made of metal and your eyes are on the future, it doesn’t matter what’s in your bags.
Good thinking there Linkie friend. I'm holding coss. We got rekt, but at least I got to short it enough to make good profits. Now hodling like a pro despite JUST volume.
same, similar amount. Remember to claim your dogethereum
Daniel Gray
>hold meme.
Best invention by whales to create bag holders
Ayden Jenkins
>>hold meme. >Best invention by whales to create bag holders I remember autumn last year, anons were calling the hold meme a meme. Then came December and then anons called the hold meme is a meme a meme
Isaiah Reed
Iron doesn't even begin to describe my hands
Question for /ironhands/bros:
I have never invested (yet) in a project that has turned into a true scam (eg going to 0). This will happen to me at some point as I like to get in very early and hold long. What specific flags do you look for as legitimate reasons to re-evaluate your hold and maybe sell early.
I'm guessing obvious, intentional lying from the team? Any others?
Idk m8, if im investing in an early project it's obviously a gamble. I lower my expectations and expect the worst. Even good non-scam projects fail sometimes, just trust your gut (and not Jow Forums). I bought some KEK today and am fully prepared to lose my money or go 20x, doesn't really matter does it? People take crypto too seriously.
Julian Brown
REQ holder here, do I just automatically qualify for my iron hands medal?
Chase Bell
How long have you been holding?
Christian Baker
>Willingly throwing away money You get the retard medal
I held NEM after the coincheck hack. Am I doing it right? Comfy as fuck because I have Iron hands and peace of mind. NEM is going to leave ethereum in the dust during The Flippening: Sleeping Giant Awoken, coming to exchanges near you THIS SUMMER.
Nolan Anderson
Good thing you have iron hands because you're going to be holding those bags forever.
Wyatt Bennett
I have mythril hands. I have been holding Verge XVG since it was 50 SATs- less than a cent. Going to sell when it gets above one buck each at least. It gets me hard thinking about how much money this porn coin will make me.
I've been holding and adding to my stacks during dips since June 2017. Waiting for the golden bull run. Never down on initial investment. We're here to make not enjoy some extra change in our pockets.
