You are a brainlet if you just buy crypto and HODL all day. Knowing when to sell is just as important, and you could've been doubling your stack each month if you sold every pump. A lot of retards here will baghold to the bottom, instead of selling the pumps and buying back in after another crash. Case in point, LINKtards. I sold LINK around $50, then bought back in cheap then been swinging each pump. Bagholding is a meme.
You are an NPC if all you do is baghold
But then what about if you get flagged to pay taxes for each time you sold the pump? Sometimes it's best to just hold, and buy more when the price tanks to DCA.
Getting flagged to pay taxes is better than losing 90% of your portfolio. And you don't pay taxes till next year. If you just learn to sell, you could double your stack each month even in a bear market.
If you had $1k, and you sold making you pay $300 in taxes. But you then flip the $1k to $2k, who gives a shit if you had to pay $300 in taxes? You're still up more than if you were to hodl.
I don't even know why I'm explaining this shit to a NPC. People worried about taxes, only because others told you to worry about them. This board is full of people who can't think for their self and just copy strategy they see everyone else doing, even if everyone else is losing money.
SWINGIES WILL ROPE DO NOT LISTEN
>that ID
Yeah I'm gonna ignore everything you say
hey dipshit, swingies are currently up, they sold in december and are now buying the bottom. I sold LINK around $50. Meaning by the time it goes back to $50, you will just reach your previous ATH, while I will be at least 10x higher than you. A hodler retard like you needs to get to $500 link to get the same gains I get at $50.
Hodl is a meme perpetuated by institutions to ensure a never ending supply of bagholders. It all feeds back into the delusion that investing is a "team endeavour"
is it really that complicated?
you sell when old guys, niggers, morons and women brag about their returns
that's it
I sell every 5% gain and buy every 5% dip in a certain range. This is the best trading strategy right?
IT WILL REPLACE FIAT ANY MINUTE NOW!!!
But since you are so concerned with selling the pumps and buying the dips; doesn't that make you just another NPC like the rest of us? We're all in it for the same reason; we all have the same mindset: make money. Some of us are already well off and or have high enough income that we don't need to obsess over selling the pumps and buying the dips in the first place.
this is some low IQ logic. I tell you a strategy that is most profitable and you say it makes me a NPC for using it. Calling people who sold in december a NPC is retarded.
>losing money is winning
a lot of people bought in because they unironically expect the world to run on btc at some point
>buy Bitcoin at 2k in 2017
>sell the pump at 13k in 2017
>wait for Bitcoin to dump to 3k
>never gets to 3k
>keep waiting
>Bitcoin pumps to 69k
>miss bullrun and have no coins
This is me following your advice, it doesn't work if you don't have a crystal ball
I would be better off if I just held
I get paid in crypto each day for my job, so i feel like stealing from myself converting it to stables at these prices. But yeah swinging is best for gains. Hodl is a meme.
You can't time the bottom
A strategy i saw
>Split funds in 6
Buy 1/6th whenever you think it bottomed.
If it dips more you can buy more
If it pumps you at least have some exposure
You say it is most profitable; but really that is only in the immediate short term? The best strategy is to simply hold over a timeframe of multiple years. It's not about winning or losing, because ultimately any money that you put in should automatically be considered lost. Not everybody considers selling LINK at $50 to be something worth bragging about. Look up on Etherscan how many NPC's are holding multi-generational wealth with stuff like SHIB; which is not even worth a fraction of a cent.
you are an npc if you havent figured out how to avoid paying taxes. opinion disregarded
You can avoid paying taxes, but then what about if you get audited five years from now? Is it really worth the hassle of figuring out all your transactions over the years? I'd rather have the peace of mind.
Sure thing faggot.