"We all make mistakes in life but once you learn from them, you can become great" ~ Charles Fuchs.
What's Up STACKERS!
Just by checking out my (surprised and odd) look on my face above, you will probably immediately think to yourself... how the hell did @stackin lose $20,000 in Crypto! 🤣
Doesn't he always preach "Keep on STACKIN" that cryptocurrency? Did Something horribly go wrong? Did he get hacked? Did he lose his private keys? Did he hold the bags? Did he lose it all in the Bitconnect or P3D Ponzies? 🤨
Well, it's neither of the those things... It was from the lack of patience. 💁🏼♂️
As you guys may known, I've been a strong supporter of EOS and have been buying on the dips for almost a year now. We have seen it as low as .50 at one point of time in 2017.
My method was to hold these coins for the long term when I first started but also sell some if I ever 5x-10x my stacks on EOS so that I can get back in buy more coins when it dips back down. 📊
Guess what happened about two weeks ago? When EOS was rising... I sold lots of my EOS Stacks at $8, $12, and $15... thinking that it will dip back down so that I can accumulate more positions, that never happened.
EOS hit a high of $23 a few days ago and If I just held my tokens for a few more days, I would have gained way more than $20,000 in my crypto account! 😳
Was I mad at this, Not At All! We are Crypto Lovers and Traders. This happens all the time to people because the markets are so speculative and volatile. Any news can dip or raise a crypto price 30% in hours on hyped or fake posts on twitter, just insane lol.
A "smart trader" takes in profits when he or she can, that's just how what we do. Always leave emotions at the door when trading. All you need to do is have a game plan in place and you will be ok.
So right now EOS is sitting here at $18.52. Some are saying that it will soon rocket to $30 and some are saying that it will drop back to $10 this month.
I'm not worried at all, I still hold lots of EOS tokens and if it does goes way higher, great! I'm totally fine with that but the thought of me holding just a few more days last week, would of gave me an extra $20,000+ more IN PROFITS.
It's just the crazy life of a crypto lover I guess. 🤪
Exciting times are ahead for blockchain and crypto! So many new projects are coming out in the next few years that is just going to change the world as we know.
In the mean time, be smart and HODL your favorite Crypto's, take some profits at times, earn crypto, find new projects and especially...
Keep On STACKIN, Everyday! 💞
P.S. For those who's interested in following my "Content" and "Daily" Posts... you can just follow me @stackin to get my updates.
nice. always good to take some profits.
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Until the markets double haha
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yep its hard/impossible to "call the top" but thats why i started taking incremental profits. so my bag is still there when the market doubles, it's just a bit smaller.
Im still learning this thing, my instinct is to never ever take profits ever, which some do successfully...
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Boom! Thinking logically right there 😎
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@stackin I think you do not lost $20 k. You could to have that; is how I understood.
But anyway, we all do mistakes. I did a big one in the past months when Bitcoin changed a lot and I lost more. I learned.
Be careful before a costly decision.
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HODL :)
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Don’t remind me haha jk
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Well, let me tell you my story.
I bought 500 EOS a few months ago for 9 USD and then the Bear market started. So had to HODL for about three months or so. I even stopped looking at my Bitfinex account.
But just 2-3 days before the recent spike I thought it would be a good idea to re-adjust my position i.e To sell and buy back low.
Well, I sold for 6.09 USD (losing 3 USD/each) and then was waiting to buy back a when it goes down a few cents lower. But the next thing I see was EOS unstoppable. I felt like shit for holding 3 months and then selling just right at the time when it spiked. :(
Lolx.. I was so angry that day. I'd probably not even touch it for now. It reminds me of how shitty I am.
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I definitely know that feeling, pulling out too early or pulling out too late.... Timing markets can be difficult, so I have been just buying and holding for a while now, Cryptos and Silver...
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There is a difference between losing 20K and having missed a 20K opportunity. I'm sure there are a few other cryptos out there that could have made you even more, but again you did not lose those profits too.
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That’s the truth 💯
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I want a lambo with a moon wrap on it
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How about a hummer on the moon haha
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donot worry EOS will be back to 5 in no time.mark my words!!!! You infact will gain more!!!
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If that ever happens, back up the damn truck and load up! 😂 🤣
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@stackin Your sentiment is why it will not go to $5 ever again ahaha.
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@12 usd now
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OMG! that's nuts. Its a lot of money. I'm still doing lots of learning and just dipped my eyeballs into rudimentary blockchain/crypto info. Its a bit overwhelming. What works best for me is read the post, participate when I have something to add and just wait because the concepts will/do link together in my brain. My point is, Im quiet sure this will save me one day! and I"ll think... just wait...
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You’ll do fine, it took me years to kinda understand it lol
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:blue_heart:
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EOS going to $100 by end of the year. Mainnet Launch coming summer then new icos coming ontop of eos to drive price up as it did to eth.
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It has the possibility to do so 🤑
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It’s quite the rollercoaster ride! Except you can’t see the track 😛
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So many ups and downs lol... I’m refreshing my crypto app every 10 minutes 😂
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$ETH can kill $EOS right now by just hardforking away the $EOS token smart contract.
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Na, that will kill ETH's future for being centralized even tho they say there not lol
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I think we're still early days EOS. Much more to come IMHO.
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Totally agree, I still have lots of EOS but I had to take some profits 😂
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Oh man you almost made me to cry thinking you lose like real losing $20000. Keep stackin
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I kinda did, if I just waited for 2 more days and sold at $18-$23! Haha.... I may lose double that if it moons to $30 this month or higher 😂
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Stack more if you can because that coin will show surprise the crypto space soon. Two coin I believe in so crazily are Wanchain and EOS
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I waited to long for wanchain, great project tho!
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Man that sucks, but averaging in and averaging out is the smart play.
Somehow I got lucky and sold the top, or damn near it. But I am also playing with a much smaller stack than you are.
For me I saw an opportunity to sell some EOS and get a bigger position in a couple of other projects I like (LUX and DRGN).
If EOS slips again I may reverse course and find something else to sell at a profit to buy back in to EOS.
LOVE the use of the BSG Gif! Gaius is our hero!
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You like that GIF haha... I just had to use it! Yeah, we just do't know whats going to happen this month. Tons of bulls and bears right now. It's like 50/50. If EOS goes back to $10-$15, I'm picking more back up :)
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Don't blame yourself it happens to everybody that is a trader and investor most times, but definately I think Eos may dip s little this month , before it rises again. Keep stackin
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True that! I think EOS is going to get nuts the week before June 1st! FOMO HAHA
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eos will definitely reach new heights this year waiting for the dip
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Lots of FUD going on now 😂
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That sucks, but it sounds like a good problem to have! Lol
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I want more problems lol
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So basically you didn't 'loose' them, you just never made the 20k :-*
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I think differently 😂
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Obvs :-p
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You are right to take a profit... the markets will go up and down just have to be ready for the next dip!
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I really like "I had a plan"! Keep on! It's the only way to make money on trading. I still can't understand people with techn analysis and charts in this still brave new market.
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That TA stuff is funny on a speculative market like this... newbs are falling for it lol
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I understand you... I sold all my EOS at 9,5$! I thought they were not going up again! :(
PS great post! I gave you an upvote and now you have a new follower ;)
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OUCH! We may get it under $10 again but who knows, it's crazy out there in the crypto space lol
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Oh man God! That's such a huge loss, am sorry about that dear friend.
Cheers, more is coming your way.
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Virtual losses vs Real losses. The lesson learned from them are the same but their pains may be different a lot. You learned your lesson and it is the good news.
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I feel you on that one. It is definitely hard to tell what is going to happen. One of the worst ways to miss out on money is when there is maintenaince on wallets and you can't get your coins to the exchange to sell them.
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When I saw the topic I thought maybe your pocket was picked coz u are someone that ain't so careless
That's life,we can't keep gaining, at times we loose
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Did a little clickbait there haha
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That technique works with crypto, forex, real estate, stocks, etc. Bears make money. Bulls make money. Greedy hogs get slaughtered!
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It hurts!
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Thank you so much for sharing this @stackin!😊 Sad to know that you've lost $20K but I know you'll easily earn back that amount! The best lesson learned from this post is
BE SMART, KEEP STACKIN & HODL!😉❤
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and i regret of not holding any of it
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If I was you, I'd be thinking about the 20 grand too, @stackin! That's some fat cash! But move on, move on, move on, and wait for the right timing, if there really is!
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Every step we take is one more experience of profit and you have it, just wait for a new light.
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quiet friend that you will recover soon with how excellent you are in this medium: D and you were born for this;) greetings from Venezuela
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Let's shoot for those crypto gainzzzzz :)
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Could be worse....Could have been like me....Got into Bitcoin super early, mined a bunch of coins and sold them when they hit $100 because you listened to your business partners who convinced you they had no chance of going higher LOL
Lesson learned :)
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Awww man, let’s not talk about those early days when bitcoin was so cheap. Millions lost 😂😂
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This really sucks, but I bet EOS will go up high soon.
It's a crazy game, but if we don't take those risks, we will never get anywhere in life.
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People might hate this, Wish i drops lower so I can get some more haha
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EOS is going to be 50 within 2 months, don't listen to these people that say it's going back down to five. Can I ask how many that you have or is that probing too deep?
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That's probing to deep haha. Let's just say I keep my crypto stacks proportional to my Steem :)
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Well if it's proportional to your Steem.........that's a lot of EOS brother.
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Oh my, my heart was racing first when I saw the post title, thank God It didn't turn out like I thought. At times, the uncertainity and fear the volatility and fluctuations these coins do bring is similar to the kind of feeling one has when playing Russian Roulette
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Russian Roulette is a great analogy! This crypto markets can play on your emotions a lot haha
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Well you win some and you lose some such is the life of a trader.
You sell low and buy lower always hoping for dips and then you kick yourself hahaha
don't you worry there will be buying signals again haha
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You couldn't of said it any better @maverickinvictus! Buy Red and Sell Green! 🤑
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Just hold them as before
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I still hold lots but the parabolic move EOS had in like 7 days made me think, mannnn that money looks good 😅
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Loss!!!! wow the bait was captivating
But taking lessons from this
If you don't want a crypto induced HBP
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You like that? Haha jk... great lessons for everyone 😎
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Really it is a sadness for you. I hope you will get back soon. Thank for sharing this bitter experience with us.
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No sadness here, just a learning lesson 😀
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@stackin at least you don't listen to the FUD that Bix Weir has been putting out on EOS lately................. @dan is a genius
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Bix just needs to keep shilling Silver and Litecoin haha
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man that is the huge amount to put in crypto.
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great thinking and writing
keep it up
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well,that's just the way it is.you can't win em all.but at least,your'e still ahead of the game.
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I hope you win again. Do not be sad, you're a professional. Keep us informed. @stackin
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You have a minor misspelling in the following sentence:
It should be immediately instead of immediatly.Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
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i know that feeling bro
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Quite an interesting and useful content. It was an enjoyable read. Thanks for sharing
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it happens the FOMO move and Panic Sell that's the way crypto goes :)
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i want a lambo with a moon wrap on it
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Thank you for your continued support of SteemSilverGold
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Now it's back down, did you sell/short? It's never smart to chase the market.
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Just came back from a 9 month hiatus was reading some old comments. Crazy how bad it all played out we weren’t expecting it to be this bad. 9 months ago I was still up on my initial investment shit today im down 80% of my investment not even talking ath prices but we live and learn and im fucking ready for the next bull run with the experience I got from this last few yrs. fuck hodling gota sell high buy back in later. Hope you did better than I did. I rode that shit all the way up all way back down and some.
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