Finance/Crypto Crypto Megathread v38 - BTC 100k watch. You got lucky and it's just a bubble!

Listen Al Gaib said:
I've learned the hard way never to trade futures. Is it really that difficult to just buy and hold, especially when you're playing with millions of dollars like some of these guys? I have a very extensive trading experience with leverage and I've always lost money . Five years ago, when I used to use 10 to 15X leverage, I used to get liquidated,fine. I accept that. Two years ago I was trading with 2X and 3X and I still got liquidated.

Let's not even talk about copy trading. These so-called master traders who all use leverage. Guys with 10 years, 15 years of trading experience at hedge funds and I would know because I've used these guys for the copy trading option on Kucoin and Bitmart. They'll make money initially and then get liquidated on a day like today.

I've tried using multiple traders,even highly rated ones but they will always blow my account eventually.Luckily you can move how much ever money you want into your copy trading account separately and then you can set a certain amount out of that for each trade that's opened on your behalf . I was very conservative since I didn't know what I was doing initially, so I didn't lose much. Just a few $100.

Edit :I see that link has held its value really well. Still around $18.00 and my DCA is around 20. Very nice.
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weird comment to say you have extensive trading experience and then say you always lose your money and you copy trade accounts...

leverage trading with "small" accounts only works when you have no greed at all. and when i mean small accounts i'm talking like 6 figures pushing into 7, and never leveraging the entire account. Maybe like 10% of it per trade.

lets say for a 100k account. you take 10k, lev 5 to 10x. when the trade makes 2-5% profit, exit. Pocket the 2-5k and repeat.

most leverage traders will take the full 100k, lev that 10x and then look for like 100% profit and leave their trades open for weeks. thats how you lose the entire 100k when the market wipes you out. at that point may as well just take the 100k and put it on red at the roulette table, i'd say the odds to double up are better
 
GarbageGuy said:
weird comment to say you have extensive trading experience and then say you always lose your money and you copy trade accounts...
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Yeah, that's the point. Most people lose when they leverage. I found that out the hard way. I've tried pretty much everything.

Which is why I'm trying to warn others against it. So when I say I have trading experience, I mean there was a lot of times when I made a lot of money then I ended up losing it all at some point later (liquidation).

But now I've been doing well by just buying and holding.I believe that's the only relatively safe option in this market.
 
Listen Al Gaib said:
I've learned the hard way never to trade futures. Is it really that difficult to just buy and hold, especially when you're playing with millions of dollars like some of these guys? I have a very extensive trading experience with leverage and I've always lost money . Five years ago, when I used to use 10 to 15X leverage, I used to get liquidated,fine. I accept that. Two years ago I was trading with 2X and 3X and I still got liquidated.

Let's not even talk about copy trading. These so-called master traders who all use leverage. Guys with 10 years, 15 years of trading experience at hedge funds and I would know because I've used these guys for the copy trading option on Kucoin and Bitmart. They'll make money initially and then get liquidated on a day like today.

I've tried using multiple traders,even highly rated ones but they will always blow my account eventually.Luckily you can move how much ever money you want into your copy trading account separately and then you can set a certain amount out of that for each trade that's opened on your behalf . I was very conservative since I didn't know what I was doing initially, so I didn't lose much. Just a few $100.

Edit :I see that link has held its value really well. Still around $18.00 and my DCA is around 20. Very nice.
Click to expand...
The leverage trading game has been around for more than a century. It’s always been about the house winning by liquidating longs (and shorts) as much as possible. The book Reminiscences of a Stock Operator was written in 1923 and describes exactly what we see in crypto futures now, but it was about stocks. Futures brokers were called “bucket shops”. They would let you have lots of margin (like the 10x-100x of today) then scam wick you at the first opportunity. Then there were the bigger market manipulations by the whales and the pump and dumps. Absolutely nothing has changed. Human nature is still the same and the players behave the same. Worth a read if you have time.
 
Listen Al Gaib said:
Yeah, that's the point. Most people lose when they leverage. I found that out the hard way. I've tried pretty much everything.

Which is why I'm trying to warn others against it. So when I say I have trading experience, I mean there was a lot of times when I made a lot of money then I ended up losing it all at some point later (liquidation).

But now I've been doing well by just buying and holding.I believe that's the only relatively safe option in this market.
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got it

you are 100% right

spot is the safer way...but DCAing blindly into alts can be just as damaging

you wont lose 100% like a liquidation but you can lose 90% of it and then its worth basically nothing

only safe dca in crypto is BTC because it will go to 1M in the next few decades
 
when-moon-when-lambo.gif
 
Motivated BJ Penn said:
Working is for poor people
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all strong free and capable people work

on the other hand, those who mainly do inherently non-productive activities like bitcoin investing are useless eaters, entrapped and enslaved by monopoly money

you can see the self-limiting mind control inherent in their language, calling those above money 'poor'
 
tigersmoosh said:
all strong free and capable people work

on the other hand, those who mainly do inherently non-productive activities like bitcoin investing are useless eaters, entrapped and enslaved by monopoly money

you can see the self-limiting mind control inherent in their language, calling those above money 'poor'
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Lol stfu with this virtuous high horse crap

Go volunteer at a soup kitchen instead of preaching (non-productively) on a sub forum piggybacking on cawkfighting
 
tigersmoosh said:
quit trying to get money without working for it you dipshits

crypto is a scam

use all this effort to make something with your hands - the world will actually be a richer place
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Well that "scam" is paying for multiple family vacations, so I'll take it, whatever it is.

I do agree somewhat that some of these people putting every single dollar they have into stuff like DOGE thinking it's get rich quick without having any clue what they are doing...99% of them are getting burned.

Crypto is work btw. You gotta pay attention or you'll get wiped out quickly....speaking from past experience.
 
And yes, these past 7 days have been terrible! But long term I'm up 71% over the last 12 months. There isn't much that isn't going to beat that unless you all got lucky picking stocks like Palantir (300% over the last 12 months!!)
 
tigersmoosh said:
all strong free and capable people work

on the other hand, those who mainly do inherently non-productive activities like bitcoin investing are useless eaters, entrapped and enslaved by monopoly money

you can see the self-limiting mind control inherent in their language, calling those above money 'poor'
Click to expand...
Sounds like something a poor person would say
 
When you can control Wall St with a simple tweet, it’s pretty pathetic how the market is held hostage by the Taco Tyrant

He’ll reverse course soon, and say he has a meeting with Xi and things are better, tariffs reduced, etc.

It’s all for dramatic bullshit effect to put in some shorts, supress the market with bad news, and then buy the dip for the rebound
 
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