Day Trading/Gambling on Cryptos

I think we view investment in the exact same way.

Index funds represent 80% of my portfolio.

I also own property.

I have cryptos but view it as a gamble. I can’t afford not to have any given the asymmetrical upsides vs downsides but it’ll never represent more than 10% of my investments. I find it incredibly brave (foolish?) to see some putting 80% of their worth in cryptos.

if you dont understand what hodl means, you’re a fucking retard that doesn’t know how to google.

I AM HODLING
December 18, 2013, 10:03:03 AM

I type d that tyitle twice because I knew it was wrong the first time. Still wrong. w/e. GF’s out at a lesbian bar, BTC crashing WHY AM I HOLDING? I’LL TELL YOU WHY. It’s because I’m a bad trader and I KNOW I’M A BAD TRADER. Yeah you good traders can spot the highs and the lows pit pat piffy wing wong wang just like that and make a millino bucks sure no problem bro. Likewise the weak hands are like OH NO IT’S GOING DOWN I’M GONNA SELL he he he and then they’re like OH GOD MY ASSHOLE when the SMART traders who KNOW WHAT THE FUCK THEY’RE DOING buy back in but you know what? I’m not part of that group. When the traders buy back in I’m already part of the market capital so GUESS WHO YOU’RE CHEATING day traders NOT ME~! Those taunt threads saying “OHH YOU SHOULD HAVE SOLD” YEAH NO SHIT. NO SHIT I SHOULD HAVE SOLD. I SHOULD HAVE SOLD MOMENTS BEFORE EVERY SELL AND BOUGHT MOMENTS BEFORE EVERY BUY BUT YOU KNOW WHAT NOT EVERYBODY IS AS COOL AS YOU. You only sell in a bear market if you are a good day trader or an illusioned noob. The people inbetween hold. In a zero-sum game such as this, traders can only take your money if you sell.

so i’ve had some whiskey
actually on the bottle it’s spelled whisky
w/e
sue me
(but only if it’s payable in BTC)

https://bitcointalk.org/index.php?topic=375643.0

Let me help you with that. In this post, the man who has lost all of his Bitcoin by day trading is admitting he lacks the skills to day trade so hes going to just hold his bitcoin instead of fucking around and losing all of it. It implies a lack of skill in the endeavor of daytrading and just maintaining the strength to hold on to the reserves you have acquired because they will appreciate in value despite your best efforts to rid yourself of your coin.

Holding, just means your holding. HODLing means you admit you’re bad at day trading and are just going to hold. There is a significant difference in the words.

I am a Hodler. I do not hold bitcoin, I HODL it. I do not trade it.

Username checks out.

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Yes we are virtually the same. I could have easily of written this exact post and it would be true for me as well.

This week ended well. I was a lot more patient and conservative than when I started - small easy margins.

I sold everything yesterday and now there’s a dip coming which I’ll buy back into once it’s settled at the bottom.

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Haha.

The market’s dangling a red cloth from one hand and a pot of honey from the other

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