Swingies and Swinging (8/9)

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Ah, remember the playground in elementary school? Who didn’t love the swings! I know i did.

In this case, most communities don’t take too kindly to “Swingies”.

A swingie, or swing trader as it’s referred to in traditional finance, is someone who attempts to increase the size of the coins they hold in a certain coin by buying selling them at a price jump, and then buying back in at the next “dip”.

Sounds easy right? Well somehow it rarely works out for the swingie and additionally, many times they end up pushing the price down in their attempt.

Most members of a coin’s community prefer the buy and hodl method, where they secure their stack and hold it as the project progresses.

Swing at your own risk


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