02-16-2021, 11:29 PM
Crypto brought me to Reddit 4 years ago today! A couple thoughts from a mild veteran:
<!-- SC_OFF --><div class="md"><p>I had just gotten into Bitcoin as a bit of a novelty in the aftermath of Mt. Gox during all of the uncertainty, looking for a community to learn more from I came to reddit! It's been a wild ride since then, but I've been a HODLer through and through. Learned a bit about ETH and the tech seemed really promising. I bought into it with some BTC, then rode it from $8 and through all the highs and lows. Been in and out of some alts, but overall I've had great success just staying in the main coins.</p> <p>So on to some thoughts:</p> <ul> <li><p>If you don't know what you're doing, HOLD! Hodl might be a meme around here, but it's true. If you hold long enough you end up on top as long as you don't have weak hands. Look at all the people who bought the top the last run. It might've been a miserable 3yrs but if they just ignored it and let it ride, they'd be way up today.</p></li> <li><p>Don't dive into anything without doing your own research! You'll see so many people shilling stuff on here that they're in, and it just might be going up too. But nothing says they know anything more than you, so research before putting your money in!</p></li> <li><p>Take profits when you can cover your cost basis without taking too much out of your portfolio. It makes watching the market so much less stressful. You might hate watching what could've grown larger sitting it out but believe me when it crashes you will feel far less pain knowing you still broke even at worst.</p></li> <li><p>On the flip side, don't sell way more than you need right now. The US (and not just America) are printing money like crazy, along with signing trillion dollar bills like nothing. The stock market is going up for no reason. Inflation is going to go crazy, and I see crypto as a hedge against that.</p></li> </ul> <p>Feel free to ask me any questions you've got, and happy trading!!!</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/somewhere_cool"> /u/somewhere_cool </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/lktasf/crypto_brought_me_to_reddit_4_years_ago_today_a/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/lktasf/crypto_brought_me_to_reddit_4_years_ago_today_a/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>I had just gotten into Bitcoin as a bit of a novelty in the aftermath of Mt. Gox during all of the uncertainty, looking for a community to learn more from I came to reddit! It's been a wild ride since then, but I've been a HODLer through and through. Learned a bit about ETH and the tech seemed really promising. I bought into it with some BTC, then rode it from $8 and through all the highs and lows. Been in and out of some alts, but overall I've had great success just staying in the main coins.</p> <p>So on to some thoughts:</p> <ul> <li><p>If you don't know what you're doing, HOLD! Hodl might be a meme around here, but it's true. If you hold long enough you end up on top as long as you don't have weak hands. Look at all the people who bought the top the last run. It might've been a miserable 3yrs but if they just ignored it and let it ride, they'd be way up today.</p></li> <li><p>Don't dive into anything without doing your own research! You'll see so many people shilling stuff on here that they're in, and it just might be going up too. But nothing says they know anything more than you, so research before putting your money in!</p></li> <li><p>Take profits when you can cover your cost basis without taking too much out of your portfolio. It makes watching the market so much less stressful. You might hate watching what could've grown larger sitting it out but believe me when it crashes you will feel far less pain knowing you still broke even at worst.</p></li> <li><p>On the flip side, don't sell way more than you need right now. The US (and not just America) are printing money like crazy, along with signing trillion dollar bills like nothing. The stock market is going up for no reason. Inflation is going to go crazy, and I see crypto as a hedge against that.</p></li> </ul> <p>Feel free to ask me any questions you've got, and happy trading!!!</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/somewhere_cool"> /u/somewhere_cool </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/lktasf/crypto_brought_me_to_reddit_4_years_ago_today_a/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/lktasf/crypto_brought_me_to_reddit_4_years_ago_today_a/">[comments]</a></span>Kind Regards R