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RE: Steemit: No Place For The Internet Trolls

in #steemit7 years ago

I kind of view trading different than most due to learning to be long term. I seriously welcome when coins drop because you end up getting more volume, lower value ends up paying way higher later when the coin bounces back. In this game lately if your on a coin that you know has a rebound in the markets after BTC drops and takes alts with it, then you will bank hard cash more by buying it up like a madman when the value is crap. Only way to lose in this game is a few ways, sell off less than you bought it for, buy into a coin that is a scam and they drop developing out of the blue which ends up killing the coin for good on you, or you keep buying too high and have to hold for a very long period. Now a days the long holds don't happen so much, when I first got in it could take a year before a recovery happened on a coin so right now everything is pretty prime, just a little wait game. I used to hold a lot of coins myself, always hopeful I spread around to where one would pop off and I have a bunch of it but at this stage I just been holding onto ones I trust, keep voluming up and sell off when I really need the cash. I gave up on watching charts on exchanges about 5 months ago, I come to realize scraping change daily and paying exchange fees was just killing my income. Now I guess you say I just sell when I need some money and hold for later. Less stressful lol.

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I hear ya on the less stressful part. I'm pretty much a long holder myself, just pretty spread out. The market is bound to go sideways or down at some point, but right now it's popping, never want to exit a bull market too soon!

Diversity does work, for me its just a lot to keep up with and I am so busy now a days lol...well a little lazy too, I am so mixed in with my projects its hard to take note what is doing what daily. I am sure though you will bank well. What are you holding and trading if you don't mind me asking?