Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
Haven't shared this with anyone who knows me IRL (though I have many Crypto Friends) and really wanted to share this with all of you.
I made a good amount of profits in Binance Futures (IK, Leverage trading is risky but I only did x3 for all the trades) just by believing on my own ideas and analysis.
I know this is not a big amount of money for many of you here but believe me, I have turned like $3k to $17k with just simple trades. The best being this week, a short from $31k to $22k.
I am no longer willing to invest a single dollar on leverage trading and have already invested good amount of money on buying the current correction.
Not a flex or something, just wanted to show everyone what you can achieve by believing in yourself.
Ignore my handwriting though, spent most of my life being a keyboard warrior.
I made a good amount of profits in Binance Futures (IK, Leverage trading is risky but I only did x3 for all the trades) just by believing on my own ideas and analysis.
I know this is not a big amount of money for many of you here but believe me, I have turned like $3k to $17k with just simple trades. The best being this week, a short from $31k to $22k.
I am no longer willing to invest a single dollar on leverage trading and have already invested good amount of money on buying the current correction.
Not a flex or something, just wanted to show everyone what you can achieve by believing in yourself.
Ignore my handwriting though, spent most of my life being a keyboard warrior.
I was starting to contemplate that a course might be coming soon
Oh my.
Jay, does that make me a degen? Or does it simply mean that I understand Gresham’s Law?
You can understand both concepts, but still fail/refuse to engage in behaviors that adequately/sufficiently account for your own particulars including sufficiently/adequately managing your risk including allowing your ego to get in the way.. and you gotta admit that you do seem to have a pretty BIGGEDly ego.. relatively speaking. #nohomo
In the end, you do need to figure out the comfort level of those kinds of balances for yourself, and if you are comfortable with what you are doing and how you are approaching your various risk managing matters including the level upon which you are building for your future (if that might be something that you are considering to be an issue to have at least 1 BTC in your "cold storage" or whatever might be your goals).
Part of the reason that I participate in this forum is to attempt to ongoingly figure out myself, and part of my own understanding of comfort will sometimes come through interacting with others, but I would not even claim to have it all worked out.. and maybe having to set my orders and reset them 6 times or more since we dropped below $35k.. (in early May) is evidence of some of my attempts to align and realign.. imperfect as it sometimes can be.
yes, there are other things going on in life too.. but you fucks have to quit posting so frequently in recent times... #justsaying (self-reflection of the pot calling the kettle black)
i have since diverted some cash to more btc buys. did 25% spot at 21k, have 25% at 19.6k (prev ath), 25% at 18.2k and 25% at 17k
I'm finding that setting up such buys is making me enjoy the dips in ways that I otherwise wouldn't. I'm happy when I wake up and bitcoin is down 10%.
This should be mandatory therapy for every WOer. Noobs should do it on margin. JJG should do it twice a day.
Well.. you can draw from cashflow.. or you can draw from money that is set aside for BTC purposes, or you can change the purpose of funds that you have, you can figure out ways to earn more money so that you can do it, or you can borrow money.
Easier said that done, suchmoon.. especially if wanting to carry out something like that in a somewhat seemingly perpetual way.. such as all the way down to zero. (in theory). .
I recall some guys saying that they were "all in" (or they ran out of money) when we dipped below $50k... and we are way into Down price territory that even the staunchest of DOWNity preparers (who are bullish.. so also wanting to prepare for UP) have decent odds of running out of money...
What happens if we run out of money? Is that possible? then have to go into HODL status, no? Surely if you have a cashflow then largely that would be "technically" characterized as DCA at the point of running out of money and buying as the money comes in.
It's becoming evident that Bitcoin will keep on going up and down. Now the question is how low it will go before it starts going back up again. Although with a looming recession and shortages it would make sense for people to pull money out of Bitcoin and into real-world goods like food and housing.
I doubt that "makes sense" to very many people who actually know anything about bitcoin which may well just leave no coiners and you.. as the ones without bitcoin.