RE: SCAM ALERT! Suppoman is manipulating his group?

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SCAM ALERT! Suppoman is manipulating his group?

in cryptocurrency •  7 years ago 

I will say that you are not proving him to be a scam, but just disagreeing with his method of holding... From my knowledge, he prefers long term gain, which requires holding....

cryptocurrency
7 years ago by

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      ·  7 years ago 

    That was my initial thought too...He's all about the HODL....most people lose money when trying to predict a high & then a low to get back in at. I suggest to my friends who are just getting into it to HODL once in unless they truly want out for good at a certain price. I wouldn't suggest "day trading" to anyone I didn't know couldn't handle it (ie: strangers just following me on social media) so I can't fault that as "scammimg" just different tactics.

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        ·  7 years ago 

      I agree whole heartedly with what you just said and would like to add that selling any crypto within a year carries a high Capital Gains Tax event penalty in Australia (can be around 40% I hear). I intend to HODL everything I sensibly can until 1year has past and then I am free to sell whenever market favours. CGT will be much reduced then. The tax laws are still unclear. I have always found Suppoman advice very helpful and I regard his opinion highly - It is only one opinion though and I compare it with others before making my own mind up on any issue. He doesn't deserve the level of hate that has erupted IMHO.

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          ·  7 years ago 

        I didn't follow him for a while, my post is 7 months old, probably one of the very first ones...

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            ·  7 years ago 

          I am investor myself, with a very significant portfolio. I have no questions on his strategy, just that he was pumping a dead and useless ChainCoin, where a LOT of people lost their money. This coin had 0 value what so ever, so either he was intentionally pumping it to sell at highs or he is clueless about cryptos. Look at ChainCoin chart and make your oppinion.

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