RE: Stick or Twist?

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Stick or Twist?

in hodl •  7 years ago  (edited)

Live to fight another day!

I say hold. The only way I'm selling for less than I bought is with a gun to my head.

I've tried a very patient doubling procedure. My initial investment is now out of play and the portfolio is 5x the startup on 0 actual dollars. I won't touch anything that hasn't eclipsed 100.01% gains. When they do, I chop them in half like a worm and let nature do it's thing.

I set my sales a smidge high - sure it make take all day to get there but who cares. When you're dealing with 1000 of them there's a big difference between .0001440 and .0001560. I set my buys a smidge low. I'm sitting here watching NAV right now to see if they get back to .0002611. Sure, I could cancel and redo it at .002654 but that clump of "sell orders" at .0002640 that is 6x the number of coins in line in front of my buy so it's going to get smashed...

As far as selling out while it's crashing to buy more once it hits the bottom, you have to have bought in above where you think that bottom will be. Let's say you get 100 tokens @ .0000145. (V: .00145), it peaks at .0001185 (NV: .01185), then starts to "crash". Now, if you bail at .0000870 (NV: .00870) and it falls to .0000650 and you "buy the dip" instead of still having 100 tokens worth .00650 you now have 134 tokens worth the .00870. Now, if you catch it right, sure. It's a good growth mechanism. But if you bail at .0000870 and before you get back around it's .0000900 you now only have 97 tokens.

HOLD'ing is low risk, low stress. and "compound interest is the strongest force in the universe. "

Cheers
HA! Looky there. Got it while I was writing this message.

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Do worms survive being chopped in half 🤔

Hodl!

Some do. Yes. So do starfish but the math gets a little weird ;)

🤣🤣