Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
It is like, the more poorer you are, the longer you stay poor.
bingo
I would not say so. I could go flat out broke today and I would still have skills, experience, character and a university degree. So compared to someone without any education or experience, relativistically speaking, I'd be back on my feet much sooner. $0 in my pockets would be a short-lived inconvenience, at most.
Indeed with your 80X skills.... thats indeed a short -lived inconvenience
Er...if you lost most of your capital it would be difficult to gain it back even with leverage.
I almost zeroed one brokerage account (too much leverage during 2001-2002 internet crash).
It's balance is still relatively low even after I tried to rebuild it. That's why I don't use leverage anymore (got a lifetime lesson).
I am glad that most of my fiat capital is in non-margin retirement accounts plus home equity (which I also don't touch).
If I miss out by being non-leveraged, so be it.
Accidents can't be called skills but nonetheless, that was a awesome accident. I think I might have used up my lifes worth of luck on that one.
I only do 4x leverage now. Leverage the buy side and the sell side and ride the wave back and forth, back and forth.