"The individual investor should act consistently as an investor and not as a speculator." ~ Ben Graham.
Yoooo STACKERS!
Currently there is some "Major Pain" happening right now, in other words... a slight correction happing in the markets. 📊
If you been in "Crypto Game" as long as I have, you probably might know what the phrase "Strong Hand" means. If you don't, that is totally fine... us nerds like to use funny terminology such as FUD, HODL, and FOMO when discussing Cryptocurrencies. 🤓
So what does that phrase "Strong Hand" means?
It's pretty simple, when the markets starts to tank or have a slight correction... you must stay "Strong" and not sell your positions. In other words, don't be emotional and start panic selling (The Weak Hand). 🃏
There are so many "Newbs" that came into the markets the last several months, especially during the holidays who bought at the top.... panicking. 👶🏼
When Speculating or Investing, you cannot be emotional and need to start making rational decisions. For example, I'm currently looking at all these cheap Cryptos that I was interested in for the past few weeks and start looking for buying points on the dips. 📉
For a few months, I always wanted to get a small position in "SALT" which I kinda missed the run up... so I just purchased 100 Coins for $900
This doesn't really mean I'm buying at the "lows" but guess what... I now have a nice small "position" of Salt which I wanted for a long time. So Awesome! 💸
During times of fear, learn to have that "Strong Hand" and instead of panic selling. Start doing some research and start picking up these coins that you always wanted on the dips!
Hope this give you guys a little more confidence and some reassurance because in Crypto, it's a very bumpy Roller Coaster Ride... tons of ups and down!
Who knows, maybe by tomorrow morning... we can see the markets back to where it was yesterday. What a crazy world we live in. 🤣
Keep on STACKIN! 💰
For those who are interested in following my "Daily Activities" that I do in very "short form". Follow me here: @charles-fuchs.
Yes mate, a year or so ago I'd have panicked a bit but you get used to it, if your plan is to HODL you have no worries.
Not getting emotional is good advice with all investments my friend, there's no point it'll just eat away at ya.
Stack on, Steem on and HODL!
Same here! I talk about this in my latest technical analysis on BTC and cryptos:
"Game Over For Cryptos?"
https://steemit.com/bitcoin/@benkalashnikov/btc-update-analysis
Yeah, Seen this getting thrown around, Makes tons of sense with the bull rally since Jan 2017. One last shot for people who never could of gots coins cheap, then to the moon :)
We have some major bearish trends right now... HODL BABY!! 🤑
What is happening now? Just the same Asian stories that S Korea is considering stricter AML policy and even considering closure of Crypto Exchanges as well as China is planning to do the same... But is this something new to you? We are being bombarded with the same type of news since September 2017.
Plain and simple: one of cryptoplayers with above than averaged cryptoassets is selling own stack (yes, the market is very thin, even some of your orders can move it slightly), then the crowd sees the plunging prices and joins this race. That's it!
I'm hodling hard right now! These red candles still scare me even after 2 years in the market lol I never buy in to hype coins, unless of course I happen to be in one before it hypes ;)
Went back to basics a week ago, bitcoin, Litecoin, Steem, EOS and accumutation time 😬
Ouch, that isn't a winning portfolio in my opinion. BTC will slowly die, LTC is a mirror copy, STEEM and EOS have caused major concerns in community about the team
coincheckup.com
SALT is good and I am buying some too. Meanwhile, I am still holding my ADX tokens waiting for the AdEx prototype to be launched in February.
Tons of cheap coins right now :)
Agreed. I would also argue against trying to time when you enter the market. As long as you're timing the market with respect to your exit timing, now is as good a time as ever to enter the market. Buy and hold has historically outperformed other investment strategies imho and will likely follow suit for cryptos.
Im a big hodler, but my friend has been studying indicators and it has paid off for him, he made a 0.1 BTC 2 days ago off a 0.5 BTC series of positions on QTUM when he was able to call a 5 wave bearish motive
Yep, fair - definitely some opportunities to make money trading volatility on technicals. I'm just not as confident in my ability to do so successfully long term
Thanks for bustin' out that emudmucation to the peeps haha :)
Just got to HODL during these times or buy more!
Yaa bro !!
Not a game for weak hands for sure.
Can be scary when you start out and get greeted by a dip but if you have done your homework you know you have invested into the future.
If not, do your research on your investments
100000% correct! I had several people hit me up on Facebook asking me if they should see, I didn't even respond lol
HOLD FOR LIFE, well when it 1000X, then sell off the top :)
I got my Salt pretty early but I totally missed out on NEO around 80....kind of forgot and Bang now it’s up at 170....anyways keep cool and wait for the right moment to jump in. My right hand is Ok 🤔😊
SALT is going to be huge! It will be a great way to spend your crypto and pay less taxes. Partly because of that, we think it will be making some massive gains as the platform functions more and more!
Take a look at Ethlend and Ripio Credit Network, great small cap plays 🤑
I like the model. Have been doing microlending for years. (Zopa in UK) am Keen to leverage coin holdings that way too.
In this fast it won't matter much longer. Consider the value of ripple and a few others.
Voila! I agree! Just reading new tax rules in my country
Yes, I had my mouse over the button to buy Neo and then I was like “nahhh I’ll put it all in wabi and let that grow then put it in Neo” and then wabi was like “I need a break, man” and it farted out half of my earnings.
Hahaha oh well oh well.....there will be other chances
I seen that, most of us missed it when neo was $5... I totally missed Salt 100%... I like the price of $5-$10 for Salt, for my small position today 🤑
Hey want to hear something funny!
Just read it on twitter
So funny, Tron, Verge and Cardano was so hyped up by the YouTube community and tons bought at the top... now everyone’s mad 😂
NOOOT meee 🤣🤣🤣😊
Market will recover, almist every coin is hyped.
Agrrrrr I am mad I forgot Neo and glad to give me a hint to get more SALT and forget the Sugar. :)
And sold my salt for icon....hope that won’t end up being good a stupid move too!
I didn't buy NEO at $4. I bloggged about it when it was previously known as Antshares. Could have bought at $6 or $7. Still didn't. You have nothing to be MAD about. Check out a few great projects coming up and try to get in early. I'd check out Telegram(TON) and TIO.
I actually invested in some NEO but at some point I sold them, thinking it’s not going anywhere. Then I wanted to jump in again but I guess I just give up. Interesting! I check those out!
Aaa, I understand yur frustration 😂😂. I usually just buy them and forget about them like I did with Bitcoins in 2015.
If you have been in crypto for more than 60 days, you should still be 3X higher than your buy in price.
So right! If the market tanks to 90%, I'm still ahead hahaha
Buying Opportunity!
I haven't sold any coins that I have bought yet (although the bitcoin transaction fees are making me feel I should reduce that position) I am using this down trend to pick up some bitshares and monero. Thanks for the heads up on salt, I havent looked at that one yet.
I guess these periods will really test now whether the "investors" are really investors. Some "slight corrections" have been -50% and lower. But as an investor, I really agree that the panic fever can be a great buy opportunity. I remember trying to trade cryptos earlier on when it was trending up well. I've traded in other markets, and it's been going well there. But with the volatility of cryptos, an investor's approach is much better here.
@stackin an OLD SALT like me is not worried BTFD if you got any BALLS Left !!
I feel it's best to think of where do you think the coin will be 1 year from now? Then these little dips here and there don't really matter. Better to look at it in the long run than the short dips here and there.
Facts right here, I can see EOS at $100 Minimum this year, so anytime a person buys EOS regardless of timing, thats a automatic 10X plus more if it dips :)
...what's the word on mining EOS? Is that even a thing? I got my x into mining bitcoin 4 years ago. That worked out good. Just need to figure out how to get the bitcoin cash when it forked. Can u say newbs??!! LOL's 😁👍
Definately a roller coaster! Its very tempting to sell once u see your investment flew up and suddenly theres a dip! Sadly I sold all my neo -'panic selling'.... and to see where its going now is frustrating! But there are always opportunities, I guess being patient and learning to have that strong hand is part of the game :)
Thanks for ur post!
I always tell people just HODL great companies and keep on STACKIN! 😂
Well now is a good time to look into Masternode coins. If you can get some at a good price before a run up then it's becomes a part time job that you ain't gotta clock in for.
There were several that I'm looking at... searching for the next Dash :)
One guy n youtube said trading is fun, but he would have made 10x more if he just hodl’d
Those "Youtube" people became traders and crypto experts overnight haha
Lots of 🐒🐒🐒
Nice post and i agree with your points and i think patience is the key to success in cryptos, buy at nice price and then hodl is absolutely crucial in crypto trading, thanks for sharing your nice thoughts with us, Stay blessed
Great time to buy now from the weak hands. Everything is going down or sideways. Building up for a surge
HODL lifestyle! 💯
Yes sir. That’s the name of the crypto game. Buy in, HODL and wait
I figure if I keep reading and learning one of these days I'll get brave enough to make some investments! Great advice!
Agreed. Don’t let the dips shake you. Buy low sell high.
Easy Peasy! 😀
What others see as to unload their stash which they bought high and take some loss is an opportunity for others to get into the market on coins they want and stay the hand.
You gotta be cool and not get spooked on the market corrections and sell it off.
My take is always invest what you can afford to lose and just wait for the gains.
I just let it be I don’t even bother checking , Justin out a price up, when it sells , it sells
It’s hard for me to imagine anyone selling on a day like today. My only regret is that I don’t have the means to BUY more today. And I regret trying to play with small caps so much before investing in Neo and EOS, I thought the small caps would rise first.
In order to have means to BUY more, you need to have a plan for selling as well.
HODL is a phrase used by losers who have no idea how to make money.
Does Warren Buffet hold for life?
Doubled down on a couple of my cryptos during this drop. A lot of them are down a lot, great time to buy in! Love your work
😂😂 me too!
"Strong Hand" coupled with a strong heart. 😊
Just be ready I know it's roller coaster ride we just need to wait when its up again and buy some when it's low.
Thank you @stackin! 😄❤
Hodl for life ;-) No need for panic ;-)
The markets getting hit hard now... Accumulating coins haha
This is excellent advice, in my opinion. I've been trying to get a friend of mine who is in the crypto trading arena to stay calm and try not to have a nervous breakdown.....but you know how it can be. The "roller coaster ride" , as you so aptly named it, has got him in a right state.
I had couple of my friends lost like 1 million a few hours ago, they ain’t sweatin! 😂
I bought bitcoin cash at 900$ in August and sold for 300$ couple of days later... Definitely learnt from my mistakes. HODL.
No worries, I think 90% of all the people did also haha
Best way to hodl is to do something else like spend time with your family and you'll be amazed at how the time passes, lol!
I went to the gym instead a few hours ago haha
I'm actually looking at picking up some more ETC, Lisk, and Strat right now.
I've put in some low orders so if they make it awesome, if they don't then no worries.
Solid platforms, U got to have EOS of course lol
Waiting for the big dip ><
Great points. It goes against everything in the human mind to buy low and sell high but it's the way to do it. Strong hands for real!
Myself, I've been spending so much time on Steemit that I haven't even looked at the markets....But now that I have, it's time to go shopping :)
Thanks again for the great content sir!
It's like Christmas all over again.... red and green all over haha
Being able to say "no" is as important when investing as taking the plunge. It is sweet when you can buy on the dip but that's not always possible.
HODLing for life is the best way to go..
Every time I buy something one week after I sell it reaches the moon. I feel so heavy :/
Well now is a good time to look into Masternode coins.
Definately a roller coaster.Upvoted and resteemed done
Yes dear..
You are right we need strong HAND & HODL.
Keep going and you will success one day😂😂😂😎
so sad. you must try your best.
This is a nice article
People get scared too easily! Just gotta stay tough and stick through it like you said!
i think, now move on to xmr could be the right choice and hold it after buying. but thanks for the salt advice.
@stackin This is great video and professional work
##Upvote/Resteem###
yo look into that smartcash - www.smartcash.cc -
On a side note, it may be tempting right now to throw some standard "advice" like "Buy low and sell high". It's something said a lot as advice, but in reality that means you have to predict lows and highs, which can actually contradict advice of trying to time the market. It sounds nice, but in reality trying to value a token or coin right now is enormously speculative, so deciding what a low is really hard to say. NEO was at an all time high at $80 at one point for example. But if you bought it then, you'd be quite happy right now. Just because the circumstances seem to suit the advice, doesn't mean the advice is good or practical.