Post
Topic
Board Speculation
Re: Strong hands
by
rudius
on 18/04/2014, 08:20:06 UTC
What is a "strong hand" and a "weak hand"?? Does this imply bitcoin is some kind of investment scheme? I thought it was a currency.

You can invest and trade in currencypairs it's been done for many many years Smiley.
An investment scheme is usually a company that trades for you and tells you it will make a good profit and lose your money Cheesy

"Weak hands"
are people who feel compelled to sell when the market takes a small dip, they give into fear or they have invested with money they cannot afford to lose (also fear). They panic sell. (e.g. The market just went down $10 O-NO quickly sell before it goes down $20. If it does I can't afford to pay back the loan I took out for bitcoin)

"Strong hands"
are people who only sell at their targets. (e.g. I will sell at $2500 or if it goes below $200)

"HODlers"
are the ultimate strong hands and go for max profit or max pain. (e.g. I will sell at 100k or go down with bitcoin. Let's take that sixth whiskey *burp* while the market takes a $600 dive)
When we're evaluating forex market trends such as, say, EUR/USD, do we speak of "strong hands", "weak hands", and "hodlers"?

Of course. What did you think, that it was specific to bitcoin markets? It is not the same vocabulary but it is exactly the same.

What do you think etoro was made for? like all others brokers where you can trade microaccount with 200 leverage?