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Crypto currency (IF banned from CA)

Well in Zatters, it’s always nice to see others make a little dough.

Lets hope its alot...

I'll be keeping it in until it gets (hopefully) quite high so lets see how it plays out.

I can see BTC dropping to perhaps $13k-15k but i wont have a bite of it...

Im more of a "go big or go home" kind of guy with these things :o
 

Am surprised there haven’t been any “rip your face off” bear market rallies to keep the shorts on their toes.

Steep declines but still pretty orderly tbh, perhaps institutional unwinds?

This all feels a little eery to be honest. Why do they not show us any arrogance, sneering and bravado no more? Won’t someone please think about this thread.
 


Am surprised there haven’t been any “rip your face off” bear market rallies to keep the shorts on their toes.

Steep declines but still pretty orderly tbh, perhaps institutional unwinds?


Btc is simple for retail investors...invest if you can afford to forget about it for the long term.

Buy under $20k and leave it.

Absolutely crazy to sell it when it dips...people who do that are gambling with perpetuals, or cant afford the risks.

Cant take the risk..dont gamble.

Investing is gambling.
 
Btc is simple for retail investors...invest if you can afford to forget about it for the long term.

Buy under $20k and leave it.

Absolutely crazy to sell it when it dips...people who do that are gambling with perpetuals, or cant afford the risks.

Cant take the risk..dont gamble.

Investing is gambling.
And with all gambling, the house ALWAYS wins.
 
Btc is simple for retail investors...invest if you can afford to forget about it for the long term.

Buy under $20k and leave it.

Absolutely crazy to sell it when it dips...people who do that are gambling with perpetuals, or cant afford the risks.

Cant take the risk..dont gamble.

Investing is gambling.
Depends what you mean tbh - putting stop loss orders on can be a very valuable trading tool and it is good mental discipline when you enter a trade to at the same time state “this is the level where I know this was a bad bet“

But agree that a lot of selling is people who didn’t understand/can’t afford the risks - especially those who used leverage.

Deson’t help that some people didn’t realize they were gambling - like the money market funds in 2008 that were discovered to hold very dodgy commercial paper or some stablecoins now
 

You can’t begrudge anyone for investing in crypto for quick returns. Which is what some people in this thread are doing.

With real inflation running at 30% and wage increases non-existent it’s hardly a surprise people have turned to it. It’s more about survival than greed imo.
 
If someone is a serial scammer, there will be a long list of people who have been scammed. Most people who get scammed are vocal about it. Show me one person he has scammed and I will change my mind.

If an asset goes up 1 million percent and then drops 90% it is still way up. In the land of 90% drops the coin that went up the most is king (HEX).

 

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