Quote from: o48o on November 23, 2022, 09:06:16 PM

Quote from: Mario Yamasaki on November 19, 2022, 02:45:32 PM

I was late selling FTX when the price was still expensive, which was above $ 20, at that time I was optimistic that FTX would recover because of Exchanges support that had a big reputation, unfortunately the price continued to fall and I lost and sold when the price of $ 5, and this was an important lesson that we had to Always observe developments in the market.

Not just markets but news on what affect markets. Because even if you won't believe the rumors, others will, and with option to leverage trades it can get pretty bad pretty fast. With rumors you also need to take account the reputation of the person who starts them. Fud can be price control attempt from anonymous source, but when it comes from main figure in the scene. You have to take it seriously.

Because, even if you cut your losses and sell -25% loss. You will only lose that 25%. If the rumours end up to be true, you will lose everything. So risks on the latter one are just too much.

Yes, a large part of the reason is the financial cycle. Even if this mine does not explode, other mines will explode, and this result is inevitable now.