5 ms·
I just bought some and I will sell when it reaches 5x if it ever does.
by zeep 9y ago
I just bought some and I will sell when it reaches 5x if it ever does.
- Nuzzerino 9y agoIf you're buying in order to speculate, why not sell gradually into the gains? Your strategy seems like it is taking what is already a high-risk, and artificially making the risk higher than needed... Also, the time to buy is almost never after/during a large boom, heh.
- mjfl 9y agobuy high, sell low!
- zeep 9y agoI tried to do that on coinbase and it won't let me
- zeep 9y agobecause if you sell gradually, it doesn't move as fast... since this is getting downvoted, I will give a simple example... if you have $2 and it goes up 100% (two-fold incease), than you have $4... but if you cash half your money, then you have only $1 invested, and you are stuck with $3 instead of $4 ... and lost 25%. Not sure if my math is 100% right, but if you are betting on value going up, you lost money.
- mirimir 9y agoThat's the only way to win long-term in gambling. Cash out winnings over your stake.
- tossaway1 9y agoI'm gonna do the same but sell when it gets to 10x. Have fun being half as rich as me!