Cryptocurrency

This topic was created in the Finances & Investments forum by hydorah on Friday, November 26, 2021 and has 10 replies.

Profile picture of hydorah
@hydorah
13 Years10,000+ PostsPisces

Posted by Wizardz_lol bought for $ 100 sold for $ 500 and now would be worth $ 100 million 🤦‍♂️

The best way to trade is to buy and then go into a coma for 10 years or travel the world on a boat with no access to the internet/tv or newspapers

Actually no, and this raises an important point about investment.

You did nothing wrong selling for a 5X and neither did he. Actually keeping the same stock from $ 0.06 to $ 60,000 would be highly illogical and abnormal.

Of course if he kept holding he would have a hundred millions but who could predict it would go so high? nobody.

Nobody can buy the perfect bottom and keep to the perfect top. Especially when nobody knows what the top is.

Bottom line is: take small benefits. Don't regret not going further. If you want to keep gambling on a raise, then at least sell half of it when benefit is getting good and keep the other half for a virtual increase. Rinse, repeat.

Maybe there are people who bought Bitcoin low or for nothing then went into an actual coma and are now trillionnaire. But this money is practically impossible to cash.

Profile picture of hydorah
@hydorah
13 Years10,000+ PostsPisces

Image Not Found

Shiba was worth 0.000000000001 $ in november 2020 (11 zeroes)

it was worth up to 0.000088 $ in october 2021 (4 zeroes)

if you put $ 100 in november 2020, you had 8 billions in october 2021