josemar

I know you're emotional right now, but this is exactly the mindset that got you in trouble in the first place, trading with your emotions. Nobody knows if this is the final drop, or we go lower to less than 32k. Predicting the future price is folly, and can be called "catching a falling knife". You can get lucky and buy the exact bottom, but chances are you won't. Even if you do, your trading psychology will get you rekt, even if you get lucky once or twice. What we do instead is follow market structure, support/resistance levels and lots of other things, basically technical analysis, and only enter trades *non emotionally attached* when we have confluences between levels, indicators etc. If you risk 1% of your account per trade, it helps a lot with the non emotional part. If you get emotional, it means you're risking too much. In the beginning and while learning you can open very small positions, $1-$10 so you're 'involved' but don't care.

If you use proper risk management ( first lesson in any good trading course), when you lose a trade, you risk max 1% of your account. When you win, you win between 1% and ... 30%+ of your account. With proper TA, my current trade win rate is 80% plus. Leverage? Lesson 2 in any good trading course is that leverage doesn't matter, it's position size that matters. In fact, on all exchanges I'm trading on, you can change leverage AFTER you open the position, and nothing changes, except liquidation price. Ideally you have a stop loss before liquidation is reached. Leverage can be used for gambling, sure, by newbies, not proper traders, same as a knife can be used for cooking food or killing someone. So please stop painting everybody that trades and/or invests in crypto with the same ignorant brush. OP is hopefully learning from his mistakes, and it seems he got a cheap lesson, didn't lose all his money like it's very easy to do, and starts learning proper trading, with risk management, non emotional trading, and TA.

Do you think Leo is an expert in all fields? His investing advice, going by what he wrote here and in other threads, is buy indices and hold for a long time. Picking individual stocks is gambling, buying crypto is gambling, trading is gambling... Maybe find someone that can show real results outperforming the market.

Solipsism be damned, there's loads of mental wankers circle jerking each other🙂 Don't take is personally ♥️

Agreed. Mental masturbation on the other hand... 🤌

@Emotionalmosquitohave you tried exploring your gay side like this guy ^^? 🍆 If you find you like it, you'd be getting too much sex in no time... No need for extreme measures like converting to islam ☠️

After 1 week of getting sex 2-3 times a day, you'd probably be bored of it. It's the sense of lack that's talking and creating these fantasies about the ego being able to survive death. Hint: no it won't.

Yes, that hasn't changed... means it must have some truth value, right? Only speaking about bitcoin here, but yes, if you want to have an inflation hedge, people used to buy gold, with all the problems involving storage, if they even got the real thing and not just an IOU in a company that had gold. Yep, so bitcoin is used to hedge that inflation. In Western countries where inflation is not so high *still high in the last few years where you can lose half your FIAT money in 10 years if you keep it in a bank, losing value through inflation becomes more visible. But in other countries like Argentina, Lebanon, El Salvador, where inflation can be 200%+ a year, bitcoin is a life saver. Most people using crypto in these countries switch from their local currency to Tether USD or other stablecoins, which is very easy to buy online and are pegged to the US dollar. Otherwise, where would they get US dollars, if the local government forbids the population to exchange for USD. For a quick bitcoin primer: If you want to delve more in depth, starting with a history of money, this is part 1 - Lyn Alden is extremely knowledgeable in all things tradfi, Fed, FIAT, etc :

Chill man, it's just a job... Going by that logic, most jobs available on the planet are... egoic? Most people work for money... And I'm not talking about newbies feeling FOMO and blundering into overleveraged positions on shipcoins. I'm talking about trading, are people trading stocks or commodities in the same category according to you? Where do you draw the line, which jobs are not egoic then? We can't all be making life coaching videos and selling healing crystals to each other.

1 - If you're new and don't know what you're doing, buy on spot. This way you can't be liquidated. Edit: and keep it in a cold wallet, exchanges can go down (see 2022 FTX, BlockFi etc) 2- EVEN if you're lucky as a newb and make hyuuuge gains with high leverage (as everybody can in a bull market), guess what happens when market turns against you? You lose all your gains and the initial money you put in. Learn Risk Management, if you want to trade with high leverage. 3- Does it matter if you buy BTC at 39k or 36k, when it'll be 100k+ in 18 months? not really. But you have to be prepared for 10-30% retracements (and maybe DCA the dips in the bull market [NOT the bear market]), don't be the paper hands that sells at the bottom to me

Also, price going down? Making money either way.

Rarely has a more sure opinion been uttered with such ignorance. "It's going down"... Wow you're a genius! Remind me in 18 months Ps. Bitcoin only , There is no second best.

Ah jeez...Why not bitcoin? For better advice on crypto, check out on youtube Benjamin Cowen for a slightly bearish but realistic view, and InvestAnswers for a more bullish view (don't buy IA's SOL alts, he has a different financial situation and goals to you).

When and in which crypto did you invest, did you not catch the btc 3x or solana 15x this year??? Hope you didn't invest only in meme coins... Or are you talking about the 15% pullback in the last week... If you're shaken up by a 15% retracement, you've invested more than you can afford...

Cut out caffeine

I don't like GALA since when I was a newb last year, I lost 3% of my account on it. My fault, but still, if a coin hasn't pumped yet in this market, how much of a chance does it have? A channel called CowboyTrades on youtube used to post about shorting GALA to 1c... My losses were from before I started watching him, when I traded emotionally https://www.youtube.com/@CowboyTrades/search?query=gala

"I am God" might be true at a certain level of realization, but for 100% of the people posting on this forum, IT IS NOT USEFUL. It is a trap. If you're still posting on this forum, telling someone "Hey dudeski, YOU ARE GOD" is at best pointless, and at worst damaging to their own path and practice. They may disregard is as "just another concept", or they may go down the rabbit hole of conceptual constructions getting false ideas and calling those insights into the true nature of reality. Same as "You don't exist" can be a major trap that has a good chance get someone stuck for years.

And I also invested in stocks at the beginning of 2023. Buying indices like the S&P500 or Nasdaq is ok for people that can't identify companies that will outperform, nice and safe and not much thinking required. I got in on TSLA at the lows then the stock did a 3x, I didn't sell at 299, so now I'm only up 100% in 9 months. "Wanna bet" how much TSLA will be worth in 2030? Enough for me to retire. Practically I retired from the 9 to 5 job a few months ago. I'm not a one-trick pony, so in addition to TSLA, I also got some bitcoin proxies like MSTR and miners, I posted about those before. They are more volatile, and I took some profits since I'm not sure how the ETFs will affect them (people might switch from miners to ETFs for example, and Saylor is going to sell around 200mil worth of his MSTR stock to buy bitcoin in the next 2-3 months). Obviously nothing is zero risk, and bitcoin may go to zero, and TSLA might be outsold by FORD or GM (not in this century ), in the meantime we're riding the wave.

You probably misunderstood something, I have 6 bitcoin in my cold wallet... bought at 21k, I was only pointing out that in the last 3.5 weeks, my paper profit went from 110k to 156k or whatever the numbers were... If you believe bitcoin is kinda the saving grace of finance (that TradFi didn't really like, but they like making money, so they got in on the action with the ETFs), that gives a chance to ordinary people (not only rich elites) to not only keep up with inflation, but even get ahead, this is not a risk. I only dream of bitcoin going back to 21k (my breakeven point), I would load up on more with my trading profits. This is why I quit my IT job, because I BELIEVE in bitcoin. Don't get me wrong, if I think we're at a macro cycle top, I might sell half my bitcoin, to hopefully get in at a lower price. But this is not guaranteed, that this cycle will repeat the price action of previous cycles. "This time might be different". Gambling is buying BONK and then doing a 174x in a couple of months. Wish I bought more, but that's always the case I won't post about my profits shorting since you don't believe in it But I thought holding bitcoin was one of the least gambly things to do. It surely is less risky than longing the security called ADA.

Jeez, way to take things literally Now that ETFs are approved... waheeeeeyyyy

I'm holding bitcoin on spot, what are you talking about?

3.5 weeks later, 156k in profit only holding bitcoin. Wanna bet how much it's going to be worth Aug-Nov 2025?

What do you bring to the relationship? At least get good at satisfying a man, then you have a chance of finding some neurotic dude with money.

@OldManCorcoran "Your thoughts in your head" How are thoughts appearing, where are yhey coming from, what are they made of? In what sense are they 'yours'? Thoughts appearing in your head is the materialistic paradigm, where the brain generates thoughts. Is this actually true? Are other people that have no sentience any different to you? Do you have sentience? Or is your sentience just 'a thought in your head'? Who are you, this entity that 'has thoughts', and 'is sentient'?

Sure, but you don't classify investing in stocks as gambling. It's akin to doing research, and finding a revolutionary technology that is in its beginning stages of adoption, and investing in it how you see fit. Like buying stocks in the company if that avenue is available, or hodling bitcoin. Because bitcoin is so new, relatively speaking, most people are reticent. Which is fine, but speaking out of ignorance with such conviction about how it's doomed to fail or investing in it is gambling after watching 1 clickbait video on youtube... you get it at the price you deserve Maybe the Bitcoin ETFs being approved next year (possibly in 2 weeks' time) will convince you (it will surely bring billions of $$ into the space), once Blackrock and other TradFi heavyweights give you the green light that it's alright to invest in it. Hint: the higher the price, and the market cap, the more tradfi institutions will start investing in it. Or maybe 2025 will convince you, when central banks will be allowed to hold bitcoin on their balance sheets. You didn't like it at 16k earlier this year? you don't like it at 43k now? you'll probably lap it up at 120k in Fall 2025 or 500k+ in 2029...