Quote from: ivomm on Today at 07:49:32 AM

Every time during the long bull market after the halving, the same story repeats. The eternal conflict between the right way to profit through long term hodling versus the newbies' quest to get as rich as a hodler in 1 day by using long leverage 10x+. There is no way both groups can win at the same time. Without following the long position data it is clear to me that when the price starts to skid, i.e. every 1% rise is followed by a 1%+ decline, this means that the monkeys on the branch are too many. They don't actually allow the price to rise despite the good news and the supply shock. But when some fud news hits and the long positions start rumbling, it's a forerunner of an immediate rise, because the noobs don't have the money to bet on longs so soon. Thus there is only one winner of this battle and that is us hodlers. While we are aiming for a 100x+ profit for example, they don't know exactly what they are aiming for because they are going to lose it anyway. In the last correction more than 2 bil were liquidated. And what is the portrait of such a trader? He bought a phone the other day, installed a trading app, read about cryptocurrencies, short and long positions in the evening and today he starts trading. I've seen a lot of people like this both on the internet and in person. Noobs like them lose everything they started with. This video is for such a noob shorter, but it applies with full force to leveraged longers

https://x.com/Trader_Theory/status/1869047622356603267

I'm surely a noob but not a trader only opportuned to buy at the dips.

Those of us the noob who loss to times or situations like this are probably having the mindset of bitcoin being a get rich quick scheme.
I'm currently working have there is nothing more sensible to me than to save in bitcoin afterall I'm not gonna use this cash any time soon.