Cryptocurrencies

[OngBonga]

The fact of the matter is, you can't really be taking financial advice off people when it comes to crypto, especially selling it. I don't want to be blaming anyone else but myself for any mistakes I make. If I end up with nothing, that's the way it goes for many people in crypto, just like poker. A risk I'm willing to take.

There's always a better performing coin than the one you're in.

[Keith]

The fact of the matter is, you can't really be taking financial advice off people when it comes to crypto, especially selling it. I don't want to be blaming anyone else but myself for any mistakes I make. If I end up with nothing, that's the way it goes for many people in crypto, just like poker. A risk I'm willing to take.

There's always a better performing coin than the one you're in.

This

You can see what other people are doing but at the end of the day , its your money , there is no "right" answer and you have to make the investment decisions that you are hapopy with . Not only what you are buying , at what price and if when you are selling , but how much are you willing to risk . this is very like poker .....you can have 95% equity on the turn but you can still get the sucker punch that wipes you out

Not sure if Ong agrees , but there is a lot of similarity between poker and crypto trading, you have the rake (fees) , high variance you cant control and sensible bankroll management will help limit your losses when things go bad. Choosing your coin is a bit like table management , if table turn bad best to leave same with coins,

[Poopadoop]

The fact of the matter is, you can't really be taking financial advice off people when it comes to crypto, especially selling it. I don't want to be blaming anyone else but myself for any mistakes I make. If I end up with nothing, that's the way it goes for many people in crypto, just like poker. A risk I'm willing to take.

There's always a better performing coin than the one you're in.

I'm pretty sure you missed Boost's point. If you think your actions affect events in some illogical cause-and-effect way like "If I sell it will immediately go up in price," then you are engaging in magical thinking. It's like saying "If I fold it will mean he was bluffing and if I call it means he was valuetowning me." It's either one or the other regardless of how you react to it.

[OngBonga]

Not sure if Ong agrees , but there is a lot of similarity between poker and crypto trading

For sure. Even the BR management analogy holds. I'm much more aggressive and reckless with a small BR than I am with a large BR in both poker and crypto. My dent is sort of a large BR, so I don't want to take risks by moving it about. I appreciate leaving it idle is also risky, but it's the less stressful risk. My other coins are all small bags, so I'll aggressively buy and sell, or move them into bullish coins if I find a decent candidate.

I've just set a sell order for this safesun coin, around 3/4 of my holding for around $650, leaving 2.5m behind. If this order fills, I'll spend the $$ on BNB, which will be a long term hold.