What Investment mistakes you made that you want others to avoid?

rockstah

Well-Known Member
Disciple
Certainly dipping a lot more now. I lost 10-15% twice yesterday by shorting MATIC, something I realised you shouldn't do in the middle of a pump and dump. At least I made some money by shorting XRP at 1.67, but overall not much of a profit.
Ya I'm not in to trading cryptos too much volatility, just invested some small amounts in many good/shit coins, will forget about it for few years.
 

TEUser2K1

Well-Known Member
Adept
@t3chg33k will not call any harshly volatile cryptos as investments. They are methods or tools to gamble.

Wondering about SilverCoin, Silverlink, SilverToken, Tether Gold (XAUT), PAX Gold (PAXG), DigixGlobal (DGX), Gold Coin (GLC), etc. which are based on physical silver /price or similar cryptos which are managed by tad trustworthy folks.
 
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t3chg33k

Well-Known Member
Adept
@t3chg33k will not call any harshly volatile cryptos as investments. They are methods or tools to gamble.

Wondering about SilverCoin, Silverlink, SilverToken, etc. which are based on physical silver /price or similar cryptos which are managed by tad trustworthy folks.
That's true. Can't imagine anything tangible swinging 20% either way in a matter of minutes. It is compounded by the fact that all of these decentralised currencies are largely centralised in terms of control by few whales. At the end of the day, every retail investor is a puppet, just that sometimes you may be on the same stage as the puppet master and gain from it.

The problem with any asset based coin is that it will not be as volatile which is what a currency should be, but then it wouldn't appeal to the traders/gamblers. Every purchaser of a coin speaks of its virtues, but at the end of the day, they just want it to go up in one of the pumps so that they can make money of it. Well, that's the game you have to play if you want to be in it.
 
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Soufosale

Active Member
Disciple
I haven't invested much but regret not having enough money to buy the dip.

Down almost 40% last time I was able to check. Would appreciate if WazirX allowed me to watch my money burning live.
 

rockstah

Well-Known Member
Disciple
I haven't invested much but regret not having enough money to buy the dip.

Down almost 40% last time I was able to check. Would appreciate if WazirX allowed me to watch my money burning live.
Lol I'm only down 20% matic and Ada saving my investment. Just hold and don't sell in loss ever
 

psyph3r

Well-Known Member
Skilled
It's probably a bull trap since penny shitcoins have gone up too fast, BTC is probably going to go under 30k later.
 

Soufosale

Active Member
Disciple
What do you guys think about this ?

E1whM5vWEAIZFZd.jpeg


PS - I made a thread for cryptos here but it's not active . Been seeing discussions happening in couple different threads
 

Soufosale

Active Member
Disciple
Would love to read the full thread, do share it's link if you can.

Like I said, it's not very active so not much to read
 

rockstah

Well-Known Member
Disciple

Like I said, it's not very active so not much to read
No no I meant the screenshot you shared above where people were talking about the dump
 

Soufosale

Active Member
Disciple
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