Respectfully disagreeing with Leo about Crypto

[FourCrossedWands]

2 hours ago, OBEler said:

Now you come up with the next thing, a cult yeah. Is the Internet also a cult?

I think not everyone needs to become rich and even Leo sold his Bitcoin at a cheap price, thinking he is smart with that move. So I don't argue, it's your money.

 

I didn't say that Bitcoin is a cult, I meant that banks are a cult. I would have to create a bank account to buy Bitcoin, which would make me a member of the "bank cult". It would be a big shame and I wouldn't be able to live with myself.

[OBEler]

@FourCrossedWands you just need only use the bank once. Then you can transfer everything to Bitcoin. You don't need a bank again and can pay with your Bitcoins 

[josemar]

@Dodo, where art thou?? ADA is pumping!!! along with almost everything else 

[Dodo]

5 hours ago, josemar said:

@Dodo, where art thou?? ADA is pumping!!! along with almost everything else 

Im definitely not going to be here fomoing people in. Everyone should take their own risks, its not like crypto never dumped before. IF you are with no leverage, then the gains aren't all that. If you are on high leverage, you can get scammed at any time. The game is for people with a lot of money I'm afraid. 

 

But anyway, here's my Ada analysis, everything on the right happened after analysis posted. If I had some rich friends, they could've binked a low risk high reward entry.  Target is 50$, then gruesome bear market, I'm ok with missing out.

For me its more important to get the correct analysis than to win, its a game

 

Edited December 2 by Dodo

[Dodo]

6 hours ago, josemar said:

@Dodo, where art thou?? ADA is pumping!!! along with almost everything else 

Tried buying it low many times on high leverage at the lows dude, it got me every time, they always fake moves man, take you out before its time to go if you are leveraged... Marketmakers, insiders, imagine getting stopped out so low multiple times knowing where its headed  Fk crypto, Warren Buffet is right, its more important to not lose than to win. 

There are better, less volatile markets out there which suit my leverage style.

Edited December 2 by Dodo

[josemar]

1 hour ago, Dodo said:

Tried buying it low many times on high leverage at the lows dude, it got me every time, they always fake moves man, take you out before its time to go if you are leveraged... Marketmakers, insiders, imagine getting stopped out so low multiple times knowing where its headed  Fk crypto, Warren Buffet is right, its more important to not lose than to win. 

There are better, less volatile markets out there which suit my leverage style.

How high are we talking? That's where risk management comes into play, when you lose, max 1% of your account... lets say you lost 10 in a row, that's 10%, then when you catch the move... (Leverage DOESN'T MATTER)

[josemar]

Leverage only matters when you're using it to gamble... that's not what I'm doing. I entered the LINK trade at probably 9x leverage, then changed it to 200x for the screenshot. Same position size, same profit, only margin changes when you change leverage... and PnL %

[Dodo]

@josemar 1% of account? For a guy living paycheck to paycheck, what 1% dude. You really sound like a very entitled person, and flashing your trade only furthers that notion. 

I was trying to catch a high leverage 75-125x position from the lows, ada, xrp etc..

Btw I dont have access to many exchanges, i wouldnt be able to have the trade you flash me due to regulations. The only exchange I can use is Bitget, and on it, you have to keep buying higher to keep your position size, as they take crypto units rather than fees in usdt...

So even when i got a great trade going,  I had to sell and buy higher to keep my crypto, increasing my average, they take me out on the correction. 

Just check your priviledge, I dont have the access to your exchange, and dont have money for proper bankroll management. I just needed the right timing, and unfortunately, they scam a bit too much on the lows. 

Good luck to you mate, I am hunting other market bottoms, crypto is not the only babe in town. 

 

Edited December 2 by Dodo

[Dodo]

@josemar before you think you're the bees knees I had solana 75x buy on bybit from 18.30$ before they closed shop for Uk due to regulations, and I had to let it go. Robbed my trade wouldve outperformed yours. 

You can say I am victim of circumstances, but perhaps its for the best. This forum is about attaining enlightenment, not about obscene riches. Perhaps being rich will make letting go that much harder... You know we all have to let go eventually. 

Edited December 3 by Dodo

[josemar]

Et tu Dodo... 

On alts I only enter trades around 10x leverage, your SOL 75x example would have been liquidated after an 18c move against you... Not great odds.

Have you heard of a VPN? There are exchanges with no KYC.

Lots of people use a Palau id for exchanges that require KYC, easy to obtain online...

Also many get rekt on their first and maybe second trading account, the idea is to learn from your mistakes and do better next time.

The cope is strong with this one... 

17 minutes ago, Dodo said:

@josemar This forum is about attaining enlightenment, not about obscene riches. Perhaps being rich will make letting go that much harder... You know we all have to let go eventually. 

[Dodo]

9 hours ago, josemar said:

Et tu Dodo... 

On alts I only enter trades around 10x leverage, your SOL 75x example would have been liquidated after an 18c move against you... Not great odds.

Have you heard of a VPN? There are exchanges with no KYC.

Lots of people use a Palau id for exchanges that require KYC, easy to obtain online...

Also many get rekt on their first and maybe second trading account, the idea is to learn from your mistakes and do better next time.

The cope is strong with this one... 

But it didnt, the trade went through. Anyway son, you are playing the game on easy mode and boasting to someone playing on brutal difficulty. 

Yeaah im coping, crypto will save you from death. A nice distraction from your spiritual evolution for sure. You gonna die in a bugatti huh.

And what are the odds exchanges with no kyc to not be a scam btw, get outta here dude! Stop yapping, and start fitting the camel through the eye of a needle, rich guy. 

Your low consciousness seeps through your posts. 

Edited December 3 by Dodo

[Dodo]

See my friend your money didnt make you happy, you are looking to put someone down to make you happy. 

Its all ego, you are in a spiritual forum, this won't fly. Your soul is absolutely bankrupt and crying. To tell me im coping, wow.

Edited December 3 by Dodo

[josemar]

Well, that escalated quickly...

Happy 100k bitcoin everyone !! 

[integral]

Trump endorsing bitcoin means conservative investors are much more likely to jump on board. And that’s where the majority of the money is being locked up anyway.

so it’s either gonna dump from here or shoot up till 130K.  Because yolo math.

resistance is now support. 

Edited December 5 by integral

[josemar]

3 hours ago, integral said:

Trump endorsing bitcoin means conservative investors are much more likely to jump on board. And that’s where the majority of the money is being locked up anyway.

so it’s either gonna dump from here or shoot up till 130K.  Because yolo math.

resistance is now support. 

If Kamala won, we'd be here in 6 months to 2 years. Can't stop Bitcoin, can't control it, no single government can control it... Most they can do is sell whatever reserves they have which only means the rest of us are able to get it at a discount. See Germany selling their 50000 btc at $50k.

FTX tried suppressing the price last cycle, and it went bankrupt and we got a chance to gobble it up under 16k.

Nation states are trying to front run each other ( and especially the USA) in creating their bitcoin reserves...

The future is bright 🌞 

Does that mean the price won't go back down to 75k, or it won't have a 30% pullback (for example from 150k to 105k)? Anything is possible, but I wouldn't bet in it... 

Ah who am I kidding, I'll probably be in a short taking profit on the way down 🤑 ...sorry dodo if that sounds unenlightened 

Edited December 5 by josemar

[integral]

4 hours ago, josemar said:

Does that mean the price won't go back down to 75k, or it won't have a 30% pullback (for example from 150k to 105k)? Anything is possible, but I wouldn't bet in it... 

It will 100% lose 75% of its value at some point when it reaches to speak. Right now I think the peak is gonna be 130 or the peak is right now and it’s gonna crash back down to like 60k.

There is always a crash. There will always be a crash, crash is life.

-Confucius

[integral]

Yep that was the peak

[josemar]

10 hours ago, integral said:

Yep that was the peak

The cycle top??? Nah... Maybe  until January 

[vinc3nc]

On 29. 7. 2024 at 6:59 AM, Leo Gura said:

Sold all my Bitcoin today. Made $62k.

Catch ya at the bottom

"If only I hadn't sold..."

Edited December 6 by vinc3nc

[josemar]

10 hours ago, josemar said:

The cycle top??? Nah... Maybe  until January 

Or maybe this weekend 

 

1 hour ago, vinc3nc said:

"If only I hadn't sold..."

Nobody went bankrupt taking profit.

Still, it just goes to show, you can't be an expert in all walks of life, just because you have some good ideas... If only for the fact that other people dedicate lots more hours to become specialized in different domains.