Respectfully disagreeing with Leo about Crypto

[FourCrossedWands]

2 minutes ago, Dodo said:

Absolutely and is what I'm doing and I stand by my decisions, I prefer crypto to stocks. Sue me (dont)

So, you would rather choose to own a USB drive with login details to millions of crypto wallets over five big established American compenies including all their products and real estate... Right...

[Dodo]

20 hours ago, FourCrossedWands said:

So, you would rather choose to own a USB drive with login details to millions of crypto wallets over five big established American compenies including all their products and real estate... Right...

Bro any day. Any fkinh day!! I just know from the charts that crypto will most likely outperform stocks, so what am i doing,  shooting my own foot? No thank you! 

Edited December 16, 2023 by Dodo

[FourCrossedWands]

9 hours ago, Dodo said:

crypto will most likely outperform stocks

Do you think crypto will one day be worth more than the whole stock market? Or more than stock market and gold combined?

[Dodo]

1 minute ago, FourCrossedWands said:

Do you think crypto will one day be worth more than the whole stock market? Or more than stock market and gold combined?

Lets take it step by step, Gold marketcap first, then we see.

[FourCrossedWands]

15 minutes ago, Dodo said:

Lets take it step by step, Gold marketcap first, then we see.

Do you think it will be by the end of this cycle? Or the next cycle?

[Dodo]

6 hours ago, FourCrossedWands said:

Do you think it will be by the end of this cycle? Or the next cycle?

I mentioned already what i expect at the end of this cycle. Its useless to think about when it might do it, probably when crypto is widely accepted around the globe and everything is on the blockhain

[LordFall]

On 14/12/2023 at 4:56 AM, Leo Gura said:

What you guys are doing is gambling, not investing, and eventually you'll end up losing your pants.

A proper investment is something you buy and hold for 5-10 years.

If you don't believe in a coin enough to hold it for 10 years, you shouldn't be buying it.

What is that based on, you just pulled that investment advice out of thin air.

The crypto market as I write this is 1.6 trillion. A free market to trade currencies should keep growing and especially on a bull run there's no reason to think it won't hit 10-20 trillion in the next 5 years. 

You are not guaranteed gains even if the market 10x but I'd say it's a pretty safe bet and some people will get either lucky or will have the proper research done and will make ridiculous gains in the order of 50-100x returns. 

I'd say not seriously studying and taking crypto very seriously is not only gambling in and of itself but a poor bet at that. 

[Leo Gura]

17 hours ago, LordFall said:

What is that based on, you just pulled that investment advice out of thin air.

That is the most tried and true investment advice there is.

[AerisVahnEphelia]

@Leo Gura 

feel like everyone need his get rich scheme path and his neck broke to really get it.

 

And even those are still gambling. Market is a toxic way to 'make money' you don't put your money in there for getting money.

 

 

[Leo Gura]

Gambling and speculating is the surest get poor quick scheme.

Just be honest with yourself. The only reason you are doing this crypto stuff is because you don't actually wanna do the real work of building a legit business. So here you are, looking to weasel your way into some money you neither earned nor deserve. This is not the behavior of a serious person, this is the behavior of a corrupt degenerate.

Edited December 23, 2023 by Leo Gura

[FourCrossedWands]

8 hours ago, AerisVahnEphelia said:

@Leo Gura 

feel like everyone need his get rich scheme path and his neck broke to really get it.

 

And even those are still gambling. Market is a toxic way to 'make money' you don't put your money in there for getting money.

 

 

You should always have a good, stable income before even thinking about investing into risky assets.

That's the exact opposite what most of the crypto investors do. They make a living from crypto.

I guess they are just smarter than us. There is no other logical explanation

[Dodo]

11 hours ago, Leo Gura said:

Gambling and speculating is the surest get poor quick scheme.

Just be honest with yourself. The only reason you are doing this crypto stuff is because you don't actually wanna do the real work of building a legit business. So here you are, looking to weasel your way into some money you neither earned nor deserve. This is not the behavior of a serious person, this is the behavior of a corrupt degenerate.

Disagree, learning technical analysis is real work. It might start as a dream of easy money, but as you said, that ends up with easy losses.  Actual good analysis requires time effort and experience to master and use without hindsight. 

[Dodo]

3 hours ago, FourCrossedWands said:

You should always have a good, stable income before even thinking about investing into risky assets.

That's the exact opposite what most of the crypto investors do. They make a living from crypto.

I guess they are just smarter than us. There is no other logical explanation

Yes, have other income. But you do put money there for making money, its like a savings account with insane interest, if you know how to play the game and get a low risk high reward entry. Small money entered, big rewards possible or tiny loss , all because of Technical Analysis. 

Right now my initial 200 quid are 3200 more or less. Tell me this position is not working for me! If it failed, i have a salary and i can take percentage from that the next time I see a good low risk high reward buy opportunity. 

[kieranperez]

6 hours ago, Dodo said:

Disagree, learning technical analysis is real work. It might start as a dream of easy money, but as you said, that ends up with easy losses.  Actual good analysis requires time effort and experience to master and use without hindsight. 

You’re an idiot if you think you’re going to predict or outwit the market. Nobody knows. All this is is just gambling. 

Create REAL value by doing REAL shit with a REAL legitimate career and then invest a portion of all your earnings into the S&P and do that for 10, 20, 30, 40 years. It’s that simple. People don’t like simple though. @Leo Gura is on the money with this one. 

[Dodo]

55 minutes ago, kieranperez said:

You’re an idiot if you think you’re going to predict or outwit the market. Nobody knows. All this is is just gambling. 

Create REAL value by doing REAL shit with a REAL legitimate career and then invest a portion of all your earnings into the S&P and do that for 10, 20, 30, 40 years. It’s that simple. People don’t like simple though. @Leo Gura is on the money with this one. 

Speak for yourself,  I predicted the bear market and the target where I started to look for buying, took a year and a half to get there. I have charts to prove everything im saying.

I predicted the bottom a year and a half in advance and now predicted an easy low risk buy just recently that worked out perfectly. Again, I have chart proof of everything im saying, so we don't need to guess. I did predict the market and maybe you can learn a thing or two from me.

The chart speaks for itself.

The vertical line in the following charts shows when the analysis was made, all candles in the coloured zone happened AFTER the analysis. Every candlestick is 1 entire week of price movement - blue up red down. Basics explained.

Exhibit a: Bear market. The chart shows us a bearish head and shoulders pattern in end of 2021. We know its high time to sell. Measured target from top of head to the furthest point from the neckline. We take the measurement as 16500 or so. Once our measured target was hit, the market reversed. Coincidence?

 

If that was coincidence, here's Exibit b: Bull Market - The chart shows us we are attempting to change the trend on a weekly MACRO level, why not take a low risk trade and see what happens? Well, that was then. 

 

It's hard to keep a straight face at your original comment, because I clearly show here that I do predict the market quite well too, with immense mathematical precision. 

Edited December 23, 2023 by Dodo

[jimwell]

17 hours ago, Leo Gura said:

Gambling and speculating is the surest get poor quick scheme.

Yes, but starting a business is also very risky. It's also gambling in a way that success is not guaranteed. In fact, there's a big chance your business fails, resulting in the loss of your initial investment. Most businesses close within the first few years of operation.

 

17 hours ago, Leo Gura said:

Just be honest with yourself. The only reason you are doing this crypto stuff is because you don't actually wanna do the real work of building a legit business. So here you are, looking to weasel your way into some money you neither earned nor deserve. This is not the behavior of a serious person, this is the behavior of a corrupt degenerate.

I started an English school in Japan where I designed the curriculum, wrote English books, and taught the language. Meanwhile, my Japanese business partner handled the business side, creating a setup reminiscent of Steve Jobs and Wozniak. Despite a few years of successful operation, circumstances forced the school to close.

I also started an online business which sells software. I coded the software, designed the marketing strategy, and handled customer support. The setup was similar to your actualized.org. Unfortunately, the online business was forced to close after one year of operation.

I invested massive energy and time into working on the two businesses, only to see them fail.

I day trade stocks and CFDs. Yes, I admit there's a certain level of corruption in my approach, but I embrace it because, it's the only way for me to materialize my visions and ambitions. Escaping wage slavery is very difficult. From my experience and that of others, starting a business often ends in failure. Working as a wage slave my entire life is not an option for me, and I suspect it's also not an option for you.

You have achieved success with actualized.org, congratulations to you. But you were lucky to live in the USA, a country with opportunities and resources which helped you in your success. What if you lived in a 3rd world country? What if your parents never migrated to the USA? There would have been no actualized.org. Growing up in a country such as Russia, with fewer opportunities and resources, could have posed significant challenges for the success of actualized.org. I can imagine you speaking broken English.  But suppose you're one of the few exceptions who speak fluent English, your Russian accent and cultural barriers will make it very difficult or impossible for actualized.org to thrive.

I live in a 3rd world country which is not a good environment for "light workers". Here, the primary options are wage slavery, freelancing, and starting a business. Freelancing sucks because even if clients are from the USA or a 1st world country, they pay much lesser than American counterparts. A freelancer from a 3rd world country receives a 3rd world country salary, which is 10x to 20x lower than that of somebody in a first-world country.

I lack access to opportunities and resources I need to materialize my visions and ambitions. But at least, I have access to global stock exchanges. I find myself metaphorically getting my hands dirty for the sake of my visions and ambitions. Paradoxically, enduring the metaphorical dirt can amplify my contribution and impact on the world a bit. Being human sucks! But that's how it is.

 

7 hours ago, Dodo said:

Disagree, learning technical analysis is real work. It might start as a dream of easy money, but as you said, that ends up with easy losses.  Actual good analysis requires time effort and experience to master and use without hindsight. 

What Leo wants to say is that you and I are corrupt because even if we earn money from day trading, we never provide value to society. A business, though also inherently risky, at least provides value to society. Businessowner deserve the profit they earn, day traders don't. 

But hey, at least day traders don't exploit wage slaves the way business owners and CEOs do. 

[Dodo]

1 minute ago, jimwell said:

 

What Leo wants to say is that you and I are corrupt because even if we earn money from day trading, we never provide value to society. A business, though also inherently risky, at least provides value to society. Businessowner deserve the profit they earn, day traders don't. 

But hey, at least day traders don't exploit wage slaves the way business owners and CEOs do. 

I am not day trading, at most you can say my trades are long term swing trades. Which daytrader waits a year and a half for bearish target to get hit and then builds a position long gradually? Lol! WHAT

I provide value to society, specifically the tradingview society which can take advantage of my charts! I am definitely giving value to someone out there and it feels good. 

[AerisVahnEphelia]

21 hours ago, FourCrossedWands said:

You should always have a good, stable income before even thinking about investing into risky assets.

That's the exact opposite what most of the crypto investors do. They make a living from crypto.

I guess they are just smarter than us. There is no other logical explanation

Even in the case or you get the illusion of winning. It's just a gambling addiction lifestyle you build for yourself. Get to 10 millions keep gambling decide one day to do the super good bet to 1B ( because they always want more ) 

And you get more poor than when you started lost time and energy and your career of gambler has no value and you die.

There is not a real good story the casino always win. Even if you seems to win. 99% will keep gambling until being poor.

Will they learn wisdom to leave ? Maybe but the luck for this is probably lower than getting a buck.

Gambling like this turn your brain to vomit.

 

Gamble on things that stay. Learn a top langage. Solving things. Etc.. those are real estates. Become useful to society.

A safe invest first.

 

Edited December 24, 2023 by AerisVahnEphelia

[Dodo]

3 hours ago, AerisVahnEphelia said:

Even in the case or you get the illusion of winning. It's just a gambling addiction lifestyle you build for yourself. Get to 10 millions keep gambling decide one day to do the super good bet to 1B ( because they always want more ) 

And you get more poor than when you started lost time and energy and your career of gambler has no value and you die.

There is not a real good story the casino always win. Even if you seems to win. 99% will keep gambling until being poor.

Will they learn wisdom to leave ? Maybe but the luck for this is probably lower than getting a buck.

Gambling like this turn your brain to vomit.

 

Gamble on things that stay. Learn a top langage. Solving things. Etc.. those are real estates. Become useful to society.

A safe invest first.

 

The casino always wins? But the casino are playing the same games the gambler is playing. What's their secret? How do they win? The odds are in their favour in the long term. 

What if you could be so good at technical you can shift the odds in your favor? Now you are the casino and the casino always wins (not really, but always wins in the long term)

Ps: i do have a job and i am providing value to society. Everyone is happy. I dont need to start a business, i like my crypto business and a small job on the side.

Edited December 24, 2023 by Dodo

[FourCrossedWands]

So, you have made 3k by trading for how long? A couple of months? You could have made 10x more by being a software developer or similar.