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Just put $5k into chain link... Did I dun goof?
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04-17-2021, 11:21 AM
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#1
04-17-2021, 11:22 AM
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#2
04-17-2021, 11:24 AM
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#3
04-17-2021, 11:44 AM
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#4
- Schweric
- keep hustlin cuz
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- Schweric
- keep hustlin cuz
- Join Date: Feb 2011
- Location: Chico, California, United States
- Posts: 3,136
- Rep Power: 8442
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You should be okay. The last few weeks crypto has been booming so it was overdue to go down a bit. Once it starts to go down (Wednesday) the weekends are a bit worse. I would've waited until tomorrow to invest because Monday usually when things start to go up a bit again.
I'd recommend not investing anything you can't afford to lose & when you do invest it always have an escape plan.
Low risk plan
Pull out at a profit and buy back in during the bear market.
A medium plan is this... so you have $5,000
When chainlink goes up 20% from your initial investment point.. you're now at $6000. You can take out $1,000 and leave $5,000 in there. Rinse repeat. This is called the golden egg.
The plan I would do is.. buy it, forget about it, check it in 4 years for the next bull market.
I'd recommend not investing anything you can't afford to lose & when you do invest it always have an escape plan.
Low risk plan
Pull out at a profit and buy back in during the bear market.
A medium plan is this... so you have $5,000
When chainlink goes up 20% from your initial investment point.. you're now at $6000. You can take out $1,000 and leave $5,000 in there. Rinse repeat. This is called the golden egg.
The plan I would do is.. buy it, forget about it, check it in 4 years for the next bull market.
04-17-2021, 12:39 PM
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#5
04-17-2021, 12:42 PM
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#6
04-18-2021, 10:37 AM
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#7
- gmenfan40
- Join Date: Mar 2007
- Location: Fuck Israel
- Posts: 37,501
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- Rep Power: 156637
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Originally Posted By 1fast1⏩
Put in another 2k this morning when the market dipped and the coin a dipped about $8. Already up a decent amount this morning. Holding for the long haul brahI like it for a long term hold with good upside potential. I bought a ton of it for around $16 back in January. I'm just holding....
04-18-2021, 10:46 AM
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#8
- Nonsense916
- worst poster on the misc
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- Nonsense916
- worst poster on the misc
- Join Date: May 2010
- Posts: 54,085
- Rep Power: 321806
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I put close to 6k in it like 3 days ago
Losers let it happen, winners make it happen.
Nonsense Army Crew.
04-18-2021, 10:47 AM
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#9
- Schweric
- keep hustlin cuz
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- Schweric
- keep hustlin cuz
- Join Date: Feb 2011
- Location: Chico, California, United States
- Posts: 3,136
- Rep Power: 8442
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You'll be fine. A way to check if your investment is stable is checking the bounce back after huge flash crashes like what happened last night

This is CHAIN's chart. the dollar cost average is good - it's a solid investment.

This is CHAIN's chart. the dollar cost average is good - it's a solid investment.
04-18-2021, 11:05 AM
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#10
04-18-2021, 11:15 AM
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#11
- JerryAtrix
- IT Gang
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- JerryAtrix
- IT Gang
- Join Date: Mar 2014
- Posts: 2,666
- Rep Power: 18111
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Have been testing mining different coins all weekend, unfortunately with GPU prices so high, I'm just not quite where I need to be.
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