Quote from: blockman on November 10, 2022, 09:23:40 AM

Quote from: Silberman on November 10, 2022, 01:31:21 AM

Quote from: blockman on November 08, 2022, 10:23:21 PM

Quote from: Famous Grouse on November 08, 2022, 08:45:22 PM

Today's move might take 1 month to achieve, but FUD makes it happen in a day

FUD can really work for these manipulations. But there have been FUDs in the past that never had work and that's why when there are FUDs like this, they're becoming more extreme than in the past.
I expect that there's more to these FUDs and they're going to be more brutal and fearing when they come but remember, that all you have to think about is the long term and accumulate when they exists at the moment for you to take advantage of it.

It is also important to try to take the smallest risk possible, the people that are getting liquidated due to the current crash are people that were using a massive amount of leverage on their trades, however those that were invested in bitcoin without using any leverage have only lost 20%, an amount which they can easily recover if they hold for a few months or if they perform a DCA strategy, obviously it is too late to do anything for those that were using leverage but it is a good idea they keep this in mind as I think this will happen again.

That's so true. They're overconfident that they'll be able to read the market so they leverage but I don't do that, I know how painful it is to cope up with the market and increase the leverage.
But because of my fear of being liquidated, I'm doing my best to just stay on the spot, and even if the market crashes us more, I'm safe with my position unlike those that are literally gambling with the high leverage that they set. It's okay if they've been doing that for so long and they can attain to take the high risk but for the newbies, they are doing it very wrong.

Overconfidence will destroy a great deal of traders in this market, because it seems like an easy thing to predict what the market is going to do from now on, and even if the accuracy of your predictions is good, no one can predict the market all the time, especially when a black swan hit us out of nowhere, so just when they need to make the perfect prediction most of those people will fail and the leverage they thought was safe to use will be the main reason why they will lose all their capital.