I do my research, I find a coin with a lot of popularity, its had tens of millions in trading volume, its got tens of thousands of holders, its down like 60%, it looks like a good entry now because the hype died down.... its got a perfect set-up for another massive pump to occur, lots of liquidity, very clean distribution, listed on dozens of exchanges.... ok time to buy

Then then next day it dumps anther 30%....

This happens to me every single time, why? It seems like buying the dip, even on a coin that is popular and has a lot of global recognition, is still not safe...

So I eventually sell the coin off for a loss, but then fast-forward a few weeks, or a few months, the coin I sold for a loss suddenly sky-rockets up 10-20X and I would have had a massive gain from it....this always happens in the end...I never buy anything that goes to zero, they always massively pump, but only after I give up on them

Do I have to start being more patient?

>>60752314 (OP)
If you aren't an insider you won't make money on shitcoins

>>60752314 (OP)
My crypto portfolio is in the 7 figures and I honestly couldn't explain to you how a blockchain or cryptocurrency works. All I know to do is buy BTC and ETH and hold.

>>60752314 (OP)
this isn't a crypto thing, but a market thing. the interplay of fear and greed is buttfucking you, instead of buying when you are actually fearful you decide to sell instead and vice versa

basically you're stupid

>>60752314 (OP)
>Do I have to start being more patient?
No. You could have held it for two more years and it still wouldn’t have pumped. It only pumps once you sell. Don’t ask me how it works, but it’s all rigged that way.

The only way to make money is to not expect to “make it”. Sell on a good pump, take whatever profit you can, and move on to the next one. Hodling and muh ‘diamond hands’ will only cause you to be depressed.

>>60752314 (OP)
You really suck at this.
Have more patience

>>60752314 (OP)
Anon, you're buying the dip on projects with no future. The real money is buying the dip on the web3 banking project

>>60752367
>>60752349
>>60752326
But I said the coins I do buy eventually always 10-20X, but only after I've given up on the bag after having bought what was an already large dump (60-70%)

Is this market really that manipulated that they wont allow the coin to pump until all organic buyers (like myself) no longer hold any of the coin?

Example I put $50k into a shitcoin about a 2 months ago (it was down 70% from the ATH when I bought it), then it proceeded to dump for for another 7 weeks straight, and I finally sold it...

Then this past week it went up above my buying cost price by over 300%, so I would have made a 300%+ gain on my initial purchase if I had just held an extra week.

I can't but help feel like the whales or whatever in the token were literally waiting for me to sell before moving the coin up.

>>60752473
>Is this market really that manipulated
Yes.

>>60752381
The coins I buy all have a future, I do a lot of research before buying, and I only buy things that are actively being worked on and USED by people.

I am not top-blasting random vaporware.

>>60752485
So whats the go then, I can't put any sizeable amount of money into a coin then? When I have conviction for a coin, I tend to go heavily in 50-100k. Do the "controllers" of the coin then get afraid of me selling and taking profit later? so they just wait until Im out until they send it higher ?

>>60752314 (OP)
>buying low volume/cap shitcoins
Thanks for the exit liquidity fren

>>60752533
I only buy coins in the 8 figure range. Isn't low cap <7 figure

Like I said the coins I buy dont die, its just that they wont pump so long as I hold them, they only pump after I sell them and move on

>>60752314 (OP)
>it dumps anther 30%....
Buy more in this situation.
>So I eventually sell the coin off for a loss
Here is the problem.
You should never sell at loss, even if you hold longer than 3 years, hold it until it makes you at least 50% profit, and meantime buy other cryptos.
If you are not patient any kind of investments, then just don't, and stop wasting your money. You just don't know what you are doing.
Buy low, wait, sell high, repeat.

>>60752509
free advice is seldom cheap so take this for what it is.
If anyone tried to talk to you about crypto and they act like its long position stock options....stop listening.
You are buying coins at a large enough rate that chances are YOU are the whale in it, they exit on YOUR money leaving you with a loss.
"worked on projects" have nothing to do with it, either money is moving through the coin or it isn't. Could it pump one day suddenly? Sure, but you will have to hold out until then and HOPE there isn't a dump.

>>60752314 (OP)
Dont NOT buy the dip on useless pump and dump shitcoins after the hype died down. Way too risky and it foten dumps more
>but after a few months
There are organized pump and dumpers connected with big twitter acccounts. They wait for guys like you to sell, then they buy and hype it up again to then dump on you..

>>60752567
I tend to sell them because I feel like the funds are better used going after something else while the coin just crabs.

Like I said its always only AFTER I sell them that they truly send much higher and break new all time highs.

Its why Im asking, should I not putting in as much money as I do? 50k - 100k is what I'll usually put in a $20M - 30M market cap coin.

The coin I put $50k was at $27M market cap 8 weeks ago and pumped to nearly $200M this past week. I sold it at like $23M after it did nothing for 7 weeks.

So that $50k could have been close to $450k now

>>60752544
Ok then you need to wait if your strategy is buying low. Literally wait a few weeks after the crash when it just crabs.

>>60752587
>I tend to sell them because I feel like the funds are better used going after something else while the coin just crabs.
Yeah this is how they get you.

>>60752593
Yeah I dont buy green candles, I always wait for a 60-70% drop from the ATH before buying, and only coins that are $20M+ market cap or higher.

>>60752340
>know
*from past experience

>>60752340
I already have exposure to them.

>>60752314 (OP)
>Do I have to start being more patient?
In general, yes. You have to structure your trades so they go in the direction of the trend. Afterwards you need to learn to hold. The easiest way I've found to be patient is to not even look at the market. I have a system where I only look at the market once every 2 or 4 weeks. That makes it a lot easier to hold through declines, since I don't see most of them.

>>60752314 (OP)
This is crypto space, sounds like you are not picking bad projects, you are just exiting too early.
Most people get wrecked not because they bought the wrong thing, but because they couldn’t sit through the boring part.
Might help to look into stuff with actual utility too. Like UTK, it is tied to xMoney, which is already being used for real payments across Europe. Not just hype, actual adoption, cashback and steady growth.
That way even if it takes a while to move, you are holding something that is doing real work in the meantime.

>>60752681
Yeh but the pumps tend to last for a day or so, how do you avoid missing the big pump and the proceeding 30-50% sell off? I'd imagine you can be avoiding the market, and ur coin pumps, but then u miss it, and by the time u return to the market, u missed a lot of the pump to sell

>>60752740
I try to avoid instruments that have known pump and dump style of patterns, characterized by sharp runups and long selloffs afterwards. A lot of shitcoins trade like penny stocks, and the only way to make consistent money on those types of momentum trades is on the short side. In fact, there are traders which specialize in that.

On the other hand, if you look at the monthly chart of BTC for example, you'll see that it has incredible monthly persistence. In uptrends BTC either (on the monthly timescale) goes up or is flat, and in downtrends it either goes down or is flat. So, it's not a very complicated trade. You just have to avoid damaging yourself by going in and out on noise.