Ninjastic
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Topic
Board Trading Discussion
Re: Smart hodling vs just hodling
by
Kambal2000
on 28/10/2019, 06:18:16 UTC
Quote from: huige007 on October 27, 2019, 01:34:57 PM
Quote from: DiamondCardz on October 26, 2019, 05:56:17 PM
Quote from: EdenHazard on October 26, 2019, 05:49:35 PM
I don't know man .. I think the risk is our friend for those who doing this .. I personally experienced to make my $2,000 savings become $15,000 unexpectedly from 2016 to 2017 , I have a strong faith in bitcoin and some altcoins since 2014 .. decided to go allin and I think I did it in the right time and on the right coins Grin .

On top of that ... I did it again for the second time in March this year when bitcoin hit its lowest price @3,700 USD and ethereum @100 USD , I sell my house put all the money on ethereum and guess what? A few weeks later it turned 260% profit! Coincidence? Luck? I don't think so Grin

You need to aim for 300% , 500%, 10,000% profit or even more in cryptocurrency , you know why? Because it is the place! If you looking for steady non-volatile investment... then stocks or gold is your choice.
It's all fun and games until that trick doesn't work mate. It's gambling. It's not funny when someone puts their life savings or their house into Bitcoin and they lose 60% of their money, or hundreds of thousands or dollars. It's well documented and it's happened many times. For every person who does well there's a person who does badly.

I'll re-iterate, it's gambling, and to encourage people to do it as a sound investment is dishonest.
Gambling is not an investment for me also. It is luck based activity and no matter how bad someone feels but I consider those people just fool who think they can master luck and control it per their wishes. Playing it is not bad but playing with the intention of making money is not good at all. That makes a person addict and greedy. Spreading the idea that gambling can be a source of income, is indeed dishonest.

Yes, but gambling is too risky compare when you are day trading, as in day trading, if you will lose in your trading, you can only loss let's say 10-20% unlike in gambling where in the fight is 100/0 win or lose, if you win, you are lucky, if you lose then better luck next time, so I won't risk my money in gambling rather choose trading.