Originally Posted by Hog's Gone Fishin:
So basically you panic sold on a red day
Not at all.
Not losing capital is a high priority. I can re-enter trades tomorrow if things look good. If things don’t, then I don’t have capital locked in a losing position. And with some actual rules for trading, I won’t catch the falling knife in this market either. [Reply]
Originally Posted by Mr_Tomahawk:
To this day, I still have no fucking clue what bitcoin is.
I have also put zero effort into understanding what it is, that may be the problem.
It is an imaginary asset where you hold it for a bit and hope the next guy is wiling to pay you more than you paid for it. You keep playing until the musical chairs stop. [Reply]
Originally Posted by banyon:
It is an imaginary asset where you hold it for a bit and hope the next guy is wiling to pay you more than you paid for it. You keep playing until the musical chairs stop.
Musk made $704m so far off his investment. That's assuming price when announced. Surely it's double that given that he was investing all year. [Reply]
Thank God for Bitcoin...its the only thing I've bought other than CCIV that is making me money. Put in $1k two weeks ago and I'm up almost $400. Next Paycheck I'm thinking about putting another $500 into Ethereum. [Reply]
