josemar

Not in your lifetime

If you have less than $10k to trade, I'd recommend working your normal job until you can afford it. It's not impossible to turn small amounts into millions, but it is much riskier, since you're not using proper risk management. Market makers liquidate tens of millions $ positions daily, I don't think my 100k makes much of a difference. That's how they make their money, by liquidating people. You learn how the market makers think by learning to trade (in the proper groups, not everybody with a youtube channel and a course to sell is good), and don't have to rely on 1 or 2 lucky entries. At the ATH, there is a special level - because like I said, lots more people had their sell orders there, so even market makers probably couldn't have pushed through that sell wall, at least at the first try. This is why it was such a high probability trade. I didn't have limit orders set there, I waited for the reaction, and entered when we SFPd the ATH.

Dude... Do you think that me shorting the ATH moved the price down, is that why you're triggered ?? Well I'm happy you think I have this power, but in reality, the market makers do whatever they want with the price, the tricky thing is us as small fish to play with the whales and not get eaten, that is, swim in the same direction with them. Sounds like you're trying to time major bottoms, enter high leverage there, then hope for the best, holding the positions for years... That's great, but funding fees will eat a lot of your profits (seen it as high as 0.08% every 8 hours). There are many types of trading, swing trading (what you appear to be doing) is just one, day and scalp trading are also valid strategies. They require more time and knowledge investment, but usually produce lots more profits, since you're taking lots more trades, each with a high potential. I'm in spot BTC since 21k, it's just when I started being interested in crypto at the beginning of last year. My long leveraged positions, like I mentioned a few times before, now are probably at an average entry price of 50-54k, I didn't initially enter there, but kept taking partial profits, and adding to the positions on dips, that's why my entry price keeps going up. OF COURSE!!! because I only risk 1% on any given trade!!! If you're worried about any particular trade, that means you're RISKING TOO MUCH !!! Lower your leverage, decrease position size, adjust your stop loss, until you don't care if you lose 1 trade. I don't think I can make it clearer that this !!! Of course, when the market moves against you, it is the market's fault. And if the market moves with you, you're the genius small fish with a big brain. That's cool if that is what you have to tell yourself... Or, how about you learn how to trade, and stop blaming "the market" Yes!!

Apologies, are you replying to someone else? I don't see the link between your reply to my comment... Just because you make some extra money shorting, doesn't mean you're not bullish long term... I haven't even taken profits at the ATH on my longs, that's how bullish I am. If he (and I) got immediately liquidated, we would have lost 1% max of our respective accounts, using proper risk management, that I keep talking about but people seem to ignore. Instead I've made 15% of my account profit. Sure, I could have left money on the table, but how many times are we presented with such a perfect short opportunity? Once every 4 years? Because a lot of people and traders placed their sell orders at the ATH, it was 99.9% guaranteed we would reject from there on the first (few?) tries, until the supply is chewed up. And if not, again, I would have lost 1%, which is absolutely acceptable and the whole point of trading.

The title of the thread is about crypto, and posts discuss crypto in general. Satoshi was wrong about the currency part, but that doesn't matter... There are other examples in history when new products are used in different ways than intended by the inventor/original, doesn't make it any less useful. You could use bitcoin to pay for small stuff, but the transaction prices are prohibitive... because of the price of bitcoin. Now, you can take advantage of the properties of bitcoin as a much better store of value than real estate, gold, stocks etc, or you can crib and moan about how it's not fulfilling Satoshi's vision. As a currency, it seems Solana is much better suited, it has much higher speed (with final settlement at level 1 in milliseconds), very low fees (pennies), with the disadvantage that it is more centralized. Decentralization is not much of an advantage for day to day purchases. And I'm sure there are others. Even the crypto equivalent of the USD, Tether, is much faster for transfers around the globe with much lower fees.

Not if you shorted the ATH, happened live on Jayson's stream... What's the original and true purpose, whatever Satoshi wrote in his whitepaper? Presumably you're talking specifically about bitcoin? It's a store of value, like real estate, gold, stocks etc. You can't pay for a coffee with most of these directly.

Boom, new ATH

I mean I'm not poor, but rich? You should see the traders in the group I'm in I normally enter a position on 50x leverage, I probably entered this one around 50k, and took partial profits at various levels, and also added to the position on dips. This is when the TA is on point with proper risk management, you have to wait for the price to come to your predefined levels. Once the price is moving in your direction 5-10%+, you can take partial profits, move stop loss to entry or in profit, and even change the leverage, e.g. from 50x to 100-200x, since you're not in danger of being liquidated. So from the initial 2k margin (my own money), I now have 500 of my own money for the 100k position. Of course don't enter a position with 200x leverage, or you'll be liquidated quickly. If I knew what I know now a year ago (even with no knowledge of TA) I would have made much more money, entering positions on 1x leverage, then even if your entry is not perfect, you can afford to wait for the price to come back in profit, and then implement the strategy above. You can't go wrong with this in a bull market, since price will eventually go up. For example, lets say you enter a long 1x position at ATH of 69k, then bitcoin drops 30%... you can just wait for the price to come back in a week, a month, 6 months, and maybe even add to the position at 30% discount. Is there a chance to not recover? Not really, unless bitcoin fails, which it is not going to do . And in the meantime, if price doesn't dip but keeps going up, you're making money This is risky for altcoins since they can drop much faster and are not always guaranteed to come back to ATHs. PS. Jayson Casper is live now, come get some !!!

Bitcoin, Sol, solalts, and 1% gambling on meme coins (bonk and pepe) And I've a 100k long position on btc since 54k, printing nicely

You an spend crypto with a debit card, Nexo is what I'm using currently, they also give up to 11% interest on balance.

'They' don't have a choice

You must have a very boring life, taking shits all day long...

https://map.bitcoin.com/

@Dodo you may want to remove your real name in the screenshots

... Beside Bitcoin which is my main holding (90%+), I got into SOL and SOLalts, I see more potential there. Although SOL is sleeping since Xmas, NOSANA and a few others make up for it

Reminder: buy bitcoin below 50k

The infinity you believe in that assumes ever deeper awakenings is a concept, not actual infinity.

What is suffering, other than a thought?

Have you considered maybe YOU are the one who's "not awake enough", since you think: Or will your spiritual ego not let you see through "your" "suffering" ? But suffering isn't?

Realize first that the one who wants to tell others they are imaginary is also imaginary. Otherwise it is just yet another identity identifying, this time spiritual, so it must be better/higher/deeper, right?

There is pain .. probably. But the cat won't start creating stories like "why did it have to be me, these shitty things always happen to me, I bet it's from that one time when I was 1 week old and mummy cat went to get some food and I thought she abandoned me 😭... I better start doing some shadow work... Oh wait, I'm dieing"... and SCENE 👏🏽👏🏽👏🏽

This is live now, anyone interested in Bitcoin trading please learn something

Is this how all markets work all the time, pure luck? Is Warren Buffett just lucky to have made a series of investments that brought him billions? Was there a 50/50 chance for the Nasdaq to go down as well as up last year?

Trading opportunities are from multiple times a day to once a year, your choice. Why do you insist on chasing the absolute bottom? Again, even if you bought at 49k, all you have to do is wait 1 year at the most. Did you invest all your money at this top?? Normally if you don't care about timing the market, there are various strategies to get in, DCA - dollar cost averaging, where you invest a predefined sum every day/week/month, you'll probably be in profit quite soon and it removes all emotions from the equation.

Well ok, as long as you can see the future, you'll be alright I bet you predicted Covid before it happened and the 50% drop from the lows in March 2020 ? And hope the exchange your buying doesn't go down? What's wrong with spot, and move it out of the exchange to a cold wallet?