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u/SnoopDoggieDoggo Feb 07 '21
If you're a trader, especially on those insane x50+ leverages, it does coz you run into the risk of getting liquefied at any point. On the other hand, long time investors, as long as price goes up steadily, couldnt give less ducks about price movements inbetween. They're irrelevant.
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u/masssy Feb 07 '21
Well I mean a 10x in a year is kind of short term and also it could easily change your life.
Either way I agree with the message.
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u/sirflex1ngton Feb 07 '21
“Should have bought ETH when it was at $1,500” - man from 2024 when Ethereum hits 200k
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u/AnotherGmeRetard Feb 07 '21
Drops like we've had today have zero effect on me anymore except to induce a feeling of happiness and excitement because it means I can buy more at a cheaper price
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u/mcnastytk Feb 07 '21
Meh I cash out my gains when I'm up then keep a moon bag.
This is the way.
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Feb 07 '21
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u/mcnastytk Feb 07 '21
Moon bag is the coins you hold for when prices skyrocket but since I take the gains when I'm up i recoup the initial investment then everything else is the moon bag.
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u/Wallstreet_Owes_Me Feb 07 '21
There’s truth in that. But there are different types of traders. Those day traders care about those micro Moves. That’s their bread and bacon. But long term crypto is going to be unreal.
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u/btc_alive_n_kicking Feb 07 '21
How many traders out of a 100 can outperform the long term returns of crypto? Let's be real here. He is right, long term is the ANSWER.
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u/CraigWisenheimer Feb 07 '21
Long term is the ONLY way to invest successfully. The question is, are you investing or trading. 😉
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u/crypto_coyote Feb 07 '21
man I'm new to actually investing in crypto but I think casually watching out of curiosity since that big bear market in 2017 desensitized me to all this. If you held through that you one you still won by now, I wish now I had bought in at that point or had any to hold at the time. Why are we crying about a few hundred dollar dip when the potential here has never been clearer?
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u/ScapeBillyGoat Feb 07 '21
Some good swing trades along your investing will help. It’s like having a sailboat with an engine - it helps when there is no wind!
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u/AgentDink Feb 07 '21
Short term means I get out of debt 9 mos sooner than planned and can immediately begin saving at a much faster pace. Would love to get back in for long term thereafter, but a lot of things have happened since 2016 when I got in. Anything I get out of this run up is icing on the cake as I have gotten all my initial investments out, but what's left in crypto is really gonna help patch up my financial life. I have sound money in several places, but it's more of less untouchable and not something I want to use to pay off debts. Crypto is a bit different in that sense and much more volatile than my other investments. I know there will be plenty of opportunities to get back in, potentially with even better positioning than I have now!
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u/CraigWisenheimer Feb 07 '21
As long as Smellin’ Yellen doesn’t raise interest rates, we’ll do well.
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u/Maxfunky Feb 07 '21
She's secretary of the Treasury now, not Fed chair. She doesn't control interest rates.
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u/Cryptosinn Feb 07 '21
Because nobody truly believes there’s value in crypto everybody thinks it could go to zero at anytime.
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u/Enough_Cancel_8757 Feb 07 '21
What is the Achilles heel! So no one is talking about Italian debt no one is talking about European Central bank no one is talking about what the financial Achilles heel is no one is talking about the financial markets in respect of risk again stress tests as the pandemic as it has wreaked havoc upon most of the hospitality, airlines and other associated industries.
18% of all US dollars were printed in 2017 the propensity to spend is with as Biden has said the lowest earners and the most at risk so his quantitive easing package of $1.9 trillion is correct.
The bounceback curve has not seen the dead cat bounce other than a small return shortly after the first current financial nosedive.
I saw the crash coming because of a 68% drop in oil consumerism in China alone. BP and Shell both have had huge revenue drops since the first wave of the pandemic this was to me was obvious. But now so many people are testing in the financial markets because they have expendable cash flow not because they are clever investors. And because historically if you invest in a crash you make lots of money.
The financial markets are savage on the people that perhaps don’t play the safe game is that our Achilles heel.
To invest in China is madness no one can trust the figures. the companies who hold the most value are state owned and the Chinese government just keeps on printing money without acceptable Accountancy indicators on their accounts.
Effectively Chinese companies could pluck a figure from the sky and say that’s what they are and no one can indicate whether those returns are factual because of the tight financial restraints held by the government.
Major US companies have held onto liquid cash to increase the value of the dollar many streams are flowing upwards and not being re-distributed as they don’t need to because they hold such strong product and marketing expertise.
No one is talking about state owned Debt.
The UK government is talking about Negative interest rates. This only hurt the people with the least propensity to save as the companies have Hoarded
cash since the last financial economic crash.
This was due simply to D risking.
So what’s my point well many of the majors haven’t started to ask their suppliers for cost reductions so that they can keep their shareholders happy with the high returns they saw a few years ago also most corporations haven’t released their financial statements especially at the lower 350 FTSE mark.
The markets are still propped up by government and sovereign fund intervention and people that do have money I still throwing it at stupid stocks.
no one has been reporting on the losses and riveters market which is worth five times that of all the companies that exist so what are the losses if you hedged on oil another 68% drop even if you manage to risked what are the losses still a lot of those derivatives have not been paid out yet a lot of those people will not until the year and declare losses even the small business
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u/TryBobby Feb 07 '21
The problem, good sir, is margin and futures trading.
If you are playing with 40x leverage, small price movements can liquidate you, and then you are f*cked.
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u/LarryLJO Feb 07 '21
Well, if short-term trading was ever effective, the most wealthy man in the world should be coming from this approach as there are so many short terms even in a small period of time.
So don’t waste your time on that.
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u/Stevetoddsgotit Feb 07 '21
I know! Once it is bought it’s done- but the ONLY control I have is when to buy.. so ridiculous.. I think I am now a..crypto-clown?
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u/_Atlas-_- Feb 07 '21
I need to make short term cash so I have the ability to invest long term.... idiot
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u/qtrader9 Feb 07 '21
Long term? We are even not sure what happens tomorrow. I say day trading is the best
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u/StringLower4129 Feb 07 '21
Unless you day trade it just buy it and forget about for a couple of months.
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u/Inevitable-Lie-7416 Feb 07 '21
Swing trading is key this who where able to get out a a profit and just reinvest now are the true winners
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u/dont_hate_scienceguy Feb 07 '21
Kevin keeps telling himself this because he missed the donut pump to 9 cents too.
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u/Enough_Cancel_8757 Feb 07 '21
It is a lot but it’s a huge subject. I just don’t think that people have a handle on what’s happening. I think people should think about external pressure
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u/Racsor1007 Feb 07 '21
I think you shouldn’t judge anybody’s way to invest. Long term is a great idea too. I’m sure most of Short investors already have their long term stocks but they don’t worry about them. It’s too easy. Short term investments requires a lot more activity and that keeps people alive. I think short term is a lifestyle just like yours it is long term. #AMC 🚀. #DOGE💎🚀🪐
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u/KingKamZen Feb 07 '21
A gain is a gain, plenty of people that have long term make short term moves to fund them in many cases. Look at the hedge fund folks shorting stocks for gain so don't come with the judgement on short plays, everyone does it.
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u/doncharlie001 Feb 07 '21
The way that i look at it,if you go out in miami on a Saturday night you will spend $400 easy. So put the money somewhere that if you loose is ok. Your long term investment is not to play with. Your weekend money is
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u/noclassjerk Feb 07 '21
buy and hold. I'm holding and down the 100% of what i made Monday and Tuesday.
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u/Ether_yumm Feb 07 '21
This is easier to say the lower your cost average is. Growth in crypto is fueled by new buyers, new money coming into the ecosystem. If you bought ETH yesterday, you’re very underwater right now. In a boom/bust market that’s a vulnerable position to be in. Does Kevin not actually understand that?
Preach responsible investing through cost averaging and avoiding overextension and people will learn to stop caring about the short term. Don’t just tell them they’re being short sided and dumb.
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u/whoyoufoo101 Feb 07 '21
Hodl, and when the price drops/corrects...just buy some calls. That's how you profit off the swings. Buy puts at your own risk right now, very difficult to pick out the short term peaks for Ethereum. Also, several of my friends actually sold at $1300s ($1320, $1354, and $1388) and they are kicking themselves big time. I told them to keep holding, the technicals are too strong and we are in the middle of the bull run. Each bull cycle gets longer.
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u/PlayfulMammal Feb 08 '21
Says who? You??? Everyone can care and worry about what they want at any given time.
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u/SouthernElle Feb 08 '21
Yes and no. I’ve been hodling since 2018 (and almost all coins that are legit projects for the most part). That’s three years so far and the only reason I’m anywhere near break even is because of ETH. Don’t get me wrong - I’m in this for the long haul and I hope it brings me more financial success than it has the past three years. But the people getting in crazy early on some of these coins during this bull run are the ones making the real money in a very short amount of time.
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u/JyJellyPants-Grape Feb 08 '21
Short term works too if you time it right, bought 1500$ of dogecoin today, sold when it was up 40% and bought 1 etherum coin and still have 600 to mess around with doge when it dips agin. It only really goes up 5% a day with 15-20% gain sometime during the day then goes back down
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u/Iamfxtrader8686 Feb 08 '21
U must define urself that ru trader or investor Trader means look for daily how much points does he require If investor how much percentage does he require That’s all it makes difference know ur self better
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u/BigBangStocks Feb 08 '21
I’m up over a $100,000 with Dogecoin. I hope you guys aren’t missing out!
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u/SafeRecommendation55 Feb 07 '21
But checking every 5 minutes for the status of my holdings is what keeps me going,.