Exactly two years ago on this day the absolute historical record of Bitcoin at $69,020 was recorded. Also ATH of the entire crypto space.
What have you learned since then?
Exactly two years ago on this day the absolute historical record of Bitcoin at $69,020 was recorded.
that im bad at trading
that was the same lesson i got but i scraped up some more funds and i'm going to try again
t. been here since 2015
A whale sold the top $400 to early
ummm do nothing and expect it to happen again?
Don't trade. I lost 2 BTC, 40 ETH and 25000 XRP.
Luckily, I still have a decent amount of crypto but it took a while for that sting to leave me.
I learned that I have to sell when LINK retards get too smug and when Twitter is filled with laser eyes. Also if people at my office are talking about Bitcoin I should sell my entire portfolio immediately
When are Linkies never not smug?
Ok fair enough.
But it's already starting again.
Next year halving + blackrock ETF will be peak normie hype. We probably should sell 2024 EOY
I learned that in 2017, still held my 2017 linkies all the way to 50$ and all tve way down to 5$ and to now 15$, I'm literally the chud hooodler meme, to the point I urged everyone I knew had crypto in 2021 to sell the top and some did, I also told my friends to buy matic and harmony and fantom in 2019 when i was swinging my link stack on them on idex, one did and forgot about his fantom stack and legit made a decent amount for someone who didn't even know he had it until i reminded the fag, all this to say that being a linky is basically being in a cult where you turn off your brain for the collective
>Also if people at my office are talking about Bitcoin I should sell my entire portfolio immediately
two years ago i was working a blue collar job (i was working in a tire center) and i remember my co-workers started talking about crypto at least two months before the actual top, some were even into mining
when they created a crypto advice whatsapp group i knew this was the top
There have to be so many fucking bagholders this time around, I wonder how many will actually sell at break even or try again and get greedy and hold to the bottom.
Get your stacks early and don't start swinging when shtf. Don't fomo, just get ready early and stick with the plan.
By getting too greedy and not selling when I could have been set for life means that the GREATEST danger occurs at the moment of victory
That bear markets are always way more brutal than you expect. I was okay with my folio being slashed in half but wasn't prepared for -90%.
Still ran away with 300k in cash and I'm still up 10x compared to the previous bear market in 2018. If my next folio ATH is also 10x compared to 2021 I'm set for life
It's absolutely crucial that you have a trading method capable of analyzing where you are in a trend cycle. Most of the gains are made buying spot bags low and selling high. But you won't know what's low or high without a basis of measurement. I sold around 63k BTC, shorted a few crashes in 2022 and have been re-accumulating this year simply by establishing where I am in a trend. I make plenty of mistakes in execution but it doesn't matter in the long run because the trend does most of the work. Patience is required not to deviate from the larger timeframe plan. But also one must be flexible enough to act when the charts are indicating trend exhaustion.
I read about Holodomor and the Kalergi plan, also got to 2plate bench (Not much but it's a nice milestone)
I learned that biz is the place where you can get prime alpha if you're paying attention
also biztards will also do their very best to shake you out of said alpha, and you can miss out on true gems because of all the continuous fud tactics
when you find something in here, do some actual research on it and fuck fuddies, as well as jeet scammers
now I'm stacking 1uck in spite of all the fade and fud it gets
see you when we all make it fren
Always go back into cash. You can always buy back in for less profit. Made a good amount of money swing trading just buying bottom of triangles on charts. Learned this lesson when I put most of my profits into BTC as a store of value LOL
>What have you learned since then?
absolutely fucking nothing, I already know I won't sell because the greed sensation will be just too powerful
Don’t invest in last cycle coins. Always look for the new coins of a cycle and ride hype trends no matter how retarded and bad the fundamentals are
That I'm good at buying at the bottom but suck at selling the top. I get too euphoric when the bull is roaring and I'm too greedy to fucking hit the sell button. This time around I hope I can recognize when I'm getting too bullish and start selling my position.
I longed 69k thinking no way we would top at a meme number.