Quote from: Artemis3 on November 17, 2019, 12:26:00 AM

Quote from: cryptozink on November 16, 2019, 06:00:28 AM

That's the thing. The only people gaining are the people that initiated the pumps. They're smart. As soon the shit coin goes up buy 10-20% they sell to people buying after the 10-20% up. Anyone who buys after that is stuck with those coins because no one is going to buy a shit coin that is up that much. They end up selling at a huge lost (sometimes 70-90% lost). It's a scam that works well for people who organize pump and dumps.

The FOMOs are trying to get rich overnight, but ended up loosing everything. I wish people get it that only trading / investing in Bitcoin will bring you profit. Only BTC's price fluctuate to the point where you can make nice profit trading with even $500. It's going to take a while to build up the profit, but it's almost always a sure thing.

Or you can wait it out, earn less than trading, but not "lose" as you say. Because, you never lose unless you sell, and if price plummets, all you have to do is wait and you won't lose a thing.

Common misconception about trading is that they always put a time span whenever they sell and it tends to lose. You can't put aside the greed on every FOMO type of trader, and most of them are here always asking what they have done wrong for losing.

Quote from: Artemis3 on November 17, 2019, 12:26:00 AM

Not everyone is a trader, and holding is a perfectly valid strategy to preserve value when possessing a deflationary coin. Can you earn more by trade? Yes, but you are risking it more as well.

I've been a trader for a couple of years now, and risking by trading means maximizing the potential gain from your side which I enjoy so much. Hold is just for 'big time' coins like bitcoin and ethereum since it has a one time pump phase. There are worth to mention alternative coins which is litecoin and monero that I enjoy trading these past few months, they are wavy and challenging to play.

Quote from: Artemis3 on November 17, 2019, 12:26:00 AM

Leaving the coins in a cold wallet and look at it next few years from now works fine as well.

I do have my saved bitcoin (almost a quarter) and ethereumon my trezor, I put it a year from now for my financial security as well as volatile investment. Who knows what could be its value after 5 years or a decade. Thus I have my bitcoin ready to sell on binance.