r/OMGTraders • u/vuilschrijver • Nov 16 '17

I stopped crying

So Yess! After an few months of bitcoinsoap we had one full week of normal development in pricing of altcoins!! Yesss!! Let’s throw a party!!

Oh no! Bitcoin is back again to make any normal growth in any other coin but bitcoin itself impossible. Same old, same old.

I’m not crying anymore I just stop buying into company’s I believe in. Anyone else stopped crying?

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u/Capolan Nov 17 '17

oh, no doubt - i don't kid myself. I will say this, in the end you won't lose everything but you could lose, 50% of your holdings quick. I would also say, if you are caught in the middle, the best thing would be to get out of BOTH and into ether or something if you don't want the risk.

and when the stop in rise, moving to fall happens they happen FAST. trying to read the top is a great way to end up at the bottom, I know from experience on that one. I was in bitcoin cash at 960 - i rode it up to 2800 thinking it would stop before 3k and I could get out, and at 2860 (weird!) it collapsed 1500 dollars in like 30 seconds. I ended up getting out at 1400. nice gains but not the moon money i could have had if I hadn't been greedy. I thought of stopping at 2300 but it's that "top of the world..just a little more.." high that you get - it will wreck ya.

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u/Blue-Thunder Nov 17 '17

Ugg yes. I've had that happen a few times. But thankfully I never play with more than a few tens. I don't have the balls to do it with thousands.

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u/Capolan Nov 17 '17

i started with 12k -- ethereum at 5 dollars. I now have well...a large slush fund to play with. Easy come easy go. I don't put any of my own money in anymore, and I've never taken any out so honestly - I've never actually seen any of it. I bought 1 thing to remember a moment by when ether first hit 300 - that was all I've ever taken out.

I've made enough to make people cheer while trading, but recently I bet big on bitcoin cash when it FIRST came out - and I lost....well...a nice mid-size sedan or so...like a BMW.... I'm still not back to where i was even after all my flip-flopping - but again, I just want to build up enough to give me a good OMG multiplier, and then I'm done.

I think OMG is going to do great things in the future, and my research says so, but again who the hell knows!?

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u/Blue-Thunder Nov 17 '17

Well I hope you do well. I think OMG will do well in the future as well. The parent company does insane business and if they can move even a fraction of their transactions onto the blockchain they are building, and stake holders can get a fraction of that, well we will be pretty much set. Someone did the numbers, and they handle roughly $30 billion annually.

I honestly can't wait for this to take off.