Respectfully disagreeing with Leo about Crypto

[Leo Gura]

@jimwell I'm not making a moral case against you, but rather a business case. Doing business that is not grounded in providing massive value to people is just bad business and leads to more failure than not.

If you are stuck in a bad place, doing solid business is all the more important because you can't afford to screw around with flimsy money schemes.

All the money you made trading you could lose tomorrow. So be careful.

The problem with corruption is that it often leads to failure.

Edited December 24, 2023 by Leo Gura

[Dodo]

1 hour ago, FourCrossedWands said:

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.

The thing is the initial investment is only a small sum. You can't be serious, risking 200 to win 3k in a few months and thats just the beginning- aint that bad. Can still work the software dev job if I wanted it, actually you are speaking to an ex programmer. Bummer!

[Dodo]

41 minutes ago, Leo Gura said:

@jimwell I'm not making a moral case against you, but rather a business case. Doing business that is not grounded in providing massive value to people is just bad business and leads to more failure than not.

If you are stuck in a bad place, doing solid business is all the more important because you can't afford to screw around with flimsy money schemes.

All the money you made trading you could lose tomorrow. So be careful.

The problem with corruption is that it often leads to failure.

Im here to argue that most of the various coins and blockchains provide massive value to people and businesses! 

Why wouldn't decentralised technology be valuable, would it exist if it wasn't? You have decentralised finance and decentralised applications which give real value to real people! 

 

Edited December 24, 2023 by Dodo

[FourCrossedWands]

1 hour ago, Dodo said:

The thing is the initial investment is only a small sum. You can't be serious, risking 200 to win 3k in a few months and thats just the beginning- aint that bad. Can still work the software dev job if I wanted it, actually you are speaking to an ex programmer. Bummer!

I can assure you that you can make 3k from 200 by many other ways such as sports betting, casino etc. I have won some good sums of money from sports tickets and even online casinos when I was young, but I stopped betting as soon as I realized this can never be profitable in the long term.

[Dodo]

20 minutes ago, FourCrossedWands said:

I can assure you that you can make 3k from 200 by many other ways such as sports betting, casino etc. I have won some good sums of money from sports tickets and even online casinos when I was young, but I stopped betting as soon as I realized this can never be profitable in the long term.

Yes now take this sentiment and reslise what im doing is profitable long term even if initial loss occurs. 

What you did was gambling, i did not need to get lucky to get my win, I just had to correctly analyse the chart. Next 

Edited December 24, 2023 by Dodo

[Leo Gura]

9 hours ago, Dodo said:

Im here to argue that most of the various coins and blockchains provide massive value to people and businesses! 

Why wouldn't decentralised technology be valuable, would it exist if it wasn't? You have decentralised finance and decentralised applications which give real value to real people! 

It may be valuable. But you did nothing to create that value. You are a value-parasite in this case.

Edited December 25, 2023 by Leo Gura

[mr_engineer]

5 hours ago, Leo Gura said:

It may be valuable. But you did nothing to create that value. You are a value-parasite in this case.

The more people use a crypto, the more the crypto gets promoted. 

[Leo Gura]

1 hour ago, mr_engineer said:

The more people use a crypto, the more the crypto gets promoted. 

That's like pissing in the ocean and claiming you raised the sea level.

[mr_engineer]

37 minutes ago, Leo Gura said:

That's like pissing in the ocean and claiming you raised the sea level.

Dude, the point of cryptos is that people use them, but the point of pissing in the sea is not to raise the sea level. 

The more people use them, the more people use them. 

[something_else]

17 hours ago, Dodo said:

Yes now take this sentiment and reslise what im doing is profitable long term even if initial loss occurs. 

What you did was gambling, i did not need to get lucky to get my win, I just had to correctly analyse the chart. Next 

You give off the same over-confident vibes as a blackjack player who won £250 on his first night and now is telling everyone it’s an extremely lucrative career option.

Yea maybe you can in theory make money day trading, just like you could counting cards, but the majority of amateurs who get into either of these things lose money.

It seems like you’re very over excited for a beginner who in almost all likelihood won money because of luck and not because of any chart analysis.

If making gains was as easy as analysing a chart, you could train a predictive AI model to beat the stock market instantly, but you can’t. Every attempt at that fails.

Any ‘easy’ analysis you do on the stock market fails in the long run. This is because EVERYONE can do it, and if everyone can do it then it stops working, because it’s essentially a zero sum game.

[AerisVahnEphelia]

@something_else chart analysis is astrology for speculators.

that don't exist.

in fact 99% of your pet theory about reality have no real meaning in "reality".

more like schizo monkeys doing vibration with their mouths in circles.

 

[FourCrossedWands]

17 hours ago, Dodo said:

What you did was gambling, i did not need to get lucky to get my win, I just had to correctly analyse the chart. Next 

False. Back in the day, casinos and sports betting companies gave you huge bonuses for signing up and all you had to do is to make a couple of bets and the entire bonus was yours. You literally couldn't lose if you played it safe. I made like 2-3k in a couple of days from 20 different companies.

What you do is 100% gambling, as there is no bonus money as an insurance.

[Dodo]

3 hours ago, FourCrossedWands said:

False. Back in the day, casinos and sports betting companies gave you huge bonuses for signing up and all you had to do is to make a couple of bets and the entire bonus was yours. You literally couldn't lose if you played it safe. I made like 2-3k in a couple of days from 20 different companies.

What you do is 100% gambling, as there is no bonus money as an insurance.

Now you're adding more information. What you did was gambling, financed by someone else. Probably with the intention to hook you long term. 

What I'm doing is 0% gambling, because I am taking the low risk high reward trades managing my risk vs reward and succeeding by having an edge on the market - that edge is my long term analysis. Thats right, long term analysis.  I am not a daytrader. 

[Dodo]

4 hours ago, something_else said:

You give off the same over-confident vibes as a blackjack player who won £250 on his first night and now is telling everyone it’s an extremely lucrative career option.

Yea maybe you can in theory make money day trading, just like you could counting cards, but the majority of amateurs who get into either of these things lose money.

It seems like you’re very over excited for a beginner who in almost all likelihood won money because of luck and not because of any chart analysis.

If making gains was as easy as analysing a chart, you could train a predictive AI model to beat the stock market instantly, but you can’t. Every attempt at that fails.

Any ‘easy’ analysis you do on the stock market fails in the long run. This is because EVERYONE can do it, and if everyone can do it then it stops working, because it’s essentially a zero sum game.

Who told you I am a beginner? I speak with confidence exactly because I am not a beginner. Who told you I am a daytrader, seriously I need to repeat myself so many times, did you even read past posts? I am not daytrading! My analysis is long term! 

No, you are right, not everyone can predict the market long term like I already did. I know this, because I haven't seen the charts I posted being posted by everybody else, actually I am the only person I've seen post about them. 

My analysis seems easy in hindsight. To wait a year and a half for my bear target of 16k to get hit is no easy task, and you have to be confident in your analysis to not touch the market until that target hits. I was doing other stuff in that period and not looking into crypto - I was lucky I guess! Lucky I followed my analysis that is.

Then when my target of 16k got hit, I knew I need to start taking the risks, and I did. And I won once the buy signal came, my analysis, again, correct. How lucky from me to follow my analysis once again! I am extremely lucky to trust my top quality analysis. Definitely won because of luck. 

What you're not grasping is my analysis is long term, you need actual patience and discipline to make it. You need precision and timing, acting when the time is right. If you are a gambler, you won't make it. Simple.

The gambler will lose all his money buying during a bear market, because he doesn't see the big picture. Then he wont have any money when the market says its time to buy, but even if he did have money by then, he will again be unable to make the right big picture long term analysis and might even now be gambling in the opposite direction, because a year and a half of dropping conditioned his psyche, Getting crushed both ways is a speciality of the gambler. I play no such games. 

Edited December 25, 2023 by Dodo

[FourCrossedWands]

You can do "long term analysis" even with sports betting. It's literally the same.

[Dodo]

7 minutes ago, FourCrossedWands said:

You can do "long term analysis" even with sports betting. It's literally the same.

 

4 hours ago, AerisVahnEphelia said:

@something_else chart analysis is astrology for speculators.

that don't exist.

in fact 99% of your pet theory about reality have no real meaning in "reality".

more like schizo monkeys doing vibration with their mouths in circles.

 

 

 

Have to post this again, do I? Talk to me about luck. Talk about astrology all you wish. I don't know about sports betting, I'm not that guy. If you can be profitable long term with sports betting, do it. You just said yourself you weren't profitable long term and you stopped it. 

4 hours ago, something_else said:

It seems like you’re very over excited for a beginner who in almost all likelihood won money because of luck and not because of any chart analysis.

This analysis, everything in red happened after it was posted, all the drawings were made at the time the chart was posted. The target, everything. How lucky is that mate? Almost all likelihood eh? You willing to bet on it? I would not take that bet, it would be a losing trade. 

 

 

Edited December 25, 2023 by Dodo

[FourCrossedWands]

What are you talking about mate? That McDonald's pattern? Millions of people knew it before you, even I knew it. It's been a well known pattern for decades lol.

[Dodo]

34 minutes ago, FourCrossedWands said:

What are you talking about mate? That McDonald's pattern? Millions of people knew it before you, even I knew it. It's been a well known pattern for decades lol.

Ok you're joking around after you saw I mean business? You knew the Mcdonalds logo cool, but this chart shows a head and shoulders pattern with a clear measured target that got hit. The MCdonalds part is just me making a light-hearted joke and saying that if you're buying this pattern, you will probably be working at mcdonalds.

It was a bearish pattern, and now I am buying a bullish pattern after the bearish one concluded. If you don't buy bullish patterns and charts, you are probably going to be working at mcdonalds as well.

Its just the same type of error to not take the risk/trade when the chart says you should, as it is to take risk when chart tells you you shouldn't. 

I don't see how I am lucky? I guess you can claim that I made my own luck, that's the most you can say. 

Edited December 25, 2023 by Dodo

[FourCrossedWands]

26 minutes ago, Dodo said:

Ok you're joking around after you saw I mean business? You knew the Mcdonalds logo cool, but this chart shows a head and shoulders pattern with a clear measured target that got hit. The MCdonalds part is just me making a light-hearted joke and saying that if you're buying this pattern, you will probably be working at mcdonalds.

It was a bearish pattern, and now I am buying a bullish pattern after the bearish one concluded. If you don't buy bullish patterns and charts, you are probably going to be working at mcdonalds as well.

Its just the same type of error to not take the risk/trade when the chart says you should, as it is to take risk when chart tells you you shouldn't. 

I don't see how I am lucky? I guess you can claim that I made my own luck, that's the most you can say. 

Well, McDonald's actually pays really well right now. I think you can easily make 3k a month at McD. Easy job. I was working there when I was 20.

[Dodo]

1 hour ago, FourCrossedWands said:

Well, McDonald's actually pays really well right now. I think you can easily make 3k a month at McD. Easy job. I was working there when I was 20.

Ok, don't change the subject, and I am not 20. The fact of the matter is I made the measurement, got it right. It can't be luck that I was able to predict exact price so far before it happened? Has to be something that I know that you didn't know until you saw this post.

Yes, if they asked you - was there was there not a head and shoulders pattern on the BTC price signalling the drop to 16k from 40k, you would say "Wtf is that, i dont know if there was or wasnt one! I never looked at the chart actually and dont even know what that bla bla pattern or any pattern means"

Give me a break, there must be something I am not understanding, because I am showing you clear counter example of your gambling accusations and you keep going.

When the chart speaks, I listen - and 10/10 times I will listen to the chart rather than some guy's belief system. Even on this Head and shoulders pattern there was a guy who commented not believing the prediction-  another said angrily "this is not a game". I can show you so many successful charts my man. Has nothing to do with luck, only low risk high reward setups, taken by smart money. 

You can say whatever you want, but you're a guy who hasn't spent a single day learning technical analysis and are talking to someone who has lived and breathed charts for years now, trying to tell me I'm gambling. You don't understand what you are arguing against dude. 

Edited December 25, 2023 by Dodo