Crypto

NOTE: The Following Is Conversation About Actually "TRADING" Cryptocurrencies In General, NOT about just investing/holding in Bitcoin (or other cryptocurrencies)...

The following is bit of a conversation an online colleague of mine, Franco, was having about newbies getting too emotional while trading cryptocurrencies. It's another great perspective. :nod:


**********
"Precisely why I stopped teaching and training on “crypto” a few years ago. People got way too damn emotional about this stuff and get offended by every basic, common sense idea.

Crypto Super SIMPS.

So damn in their feelings about this stuff.

They get REKT every time this cycle happens then pretend it’s the first time it happened.

Basic trading common sense: TAKE PROFIT OFF THE TABLE

I know they hate to hear it but it will be true for the foreseeable future:

CASH IS KING.

Cash = worthless paper fiat cash… Doesn’t wreck itself like crypto does.

You need to have common sense.

Learn the basics.

Rule #1: traders who are slaves to their emotions and all up in their feelings who “fall in love” with bitcoin, crypto “projects” or whatever the romance bs is… ALWAYS GET REKT.

Rule #2: Take profits off the table. Nothing ever stays “moon shot”

**********
"this is why emotional crypto newbies keep wrecking themselves… forever buying high, panic selling low; rinsing and repeating…. The whales are forever easily playing them…

Has everything to do with slapping emotional newbies around.

Already had to block two overly emotional dudes all up in their feelings about this one very bland, very basic post about making sure you take profits off the table as you trade these assets…

Literally Trading 101 info and these over emotional “dudes” can’t stop crying and private messaging me all up in their feelings about an asset that is decentralized and being traded 24/7 everywhere on the globe…

And they wonder why …

Too emotional… they get a “religious fervor” about it versus a calm, non-emotional discipline.

For some reason, this asset class attracts some very emotional, feelings based, fanatics lol… which is precisely why it’s manipulated so easily…

The whales constantly have the emotional guppies buying high and selling low out of raw emotion… too easy."

:pop2::martini:
 
Last edited:
NOTE: The Following Is Conversation About Actually "TRADING" Cryptocurrencies In General, NOT about just investing/holding in Bitcoin (or other cryptocurrencies)...

The following is bit of a conversation an online colleague of mine, Franco, was having about newbies getting too emotional while trading cryptocurrencies. It's another great perspective. :nod:


**********
"Precisely why I stopped teaching and training on “crypto” a few years ago. People got way too damn emotional about this stuff and get offended by every basic, common sense idea.

Crypto Super SIMPS.

So damn in their feelings about this stuff.

They get REKT every time this cycle happens then pretend it’s the first time it happened.

Basic trading common sense: TAKE PROFIT OFF THE TABLE

I know they hate to hear it but it will be true for the foreseeable future:

CASH IS KING.

Cash = worthless paper fiat cash… Doesn’t wreck itself like crypto does.

You need to have common sense.

Learn the basics.

Rule #1: traders who are slaves to their emotions and all up in their feelings who “fall in love” with bitcoin, crypto “projects” or whatever the romance bs is… ALWAYS GET REKT.

Rule #2: Take profits off the table. Nothing ever stays “moon shot”

**********
"this is why emotional crypto newbies keep wrecking themselves… forever buying high, panic selling low; rinsing and repeating…. The whales are forever easily playing them…

Has everything to do with slapping emotional newbies around.

Already had to block two overly emotional dudes all up in their feelings about this one very bland, very basic post about making sure you take profits off the table as you trade these assets…

Literally Trading 101 info and these over emotional “dudes” can’t stop crying and private messaging me all up in their feelings about an asset that is decentralized and being traded 24/7 everywhere on the globe…

And they wonder why …

Too emotional… they get a “religious fervor” about it versus a calm, non-emotional discipline.

For some reason, this asset class attracts some very emotional, feelings based, fanatics lol… which is precisely why it’s manipulated so easily…

The whales constantly have the emotional guppies buying high and selling low out of raw emotion… too easy."

:pop2::martini:

I'm getting emotional reading this...
 
scared war GIF


Matt Damon after this week of crypto crashing.
 

"While the vast majority of the positions are in index funds, WIT also acquired $15 million of Coinbase, the cryptocurrency exchange whose shares have tumbled 73% this year, and 64% since March 31."
 

"While the vast majority of the positions are in index funds, WIT also acquired $15 million of Coinbase, the cryptocurrency exchange whose shares have tumbled 73% this year, and 64% since March 31."
The guy from FTX bought 8% of Coinbase when the price tumbled. That's why I think $CRO will rebound as well. Coinbase and crypto.com are still juggernauts and will stay that way. That said, I'm sure as hell not buying any more of it.
 
Except not holding the 500 shares of Apple I bought in 1982.
Don't remember when other than a hellava long time ago, I bought 100 shares of Apple. They went up, then split 2/1. Sold a 100. Went up again and split 2/1. When they went up again, sold the 200 shares.
IF, I would have kept them I would have had 400 shares. It's been a few years ago, but they split 7/1. 2800 shares. You would have had even more. Hindsight is 20/20. :sigh: :sigh: :sigh:
 
Back
Top