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Day trading crypto is a zero sum game. You can profit if you're able to somewhat predict the madness and stupidity of the market just before the market acts that way.
It's less than zero sum, right? Each transaction has a cost.
Day trading crypto is a zero sum game. You can profit if you're able to somewhat predict the madness and stupidity of the market just before the market acts that way.
this is the simplest, most correct understanding. there are some things that drive the price of bitcoin that are more fundamental, like instability of various currencies, and government regulations on btc. but none of those have changed drastically recently. so what is driving the price? hype, and the price itself. i think you should be pretty skeptical any time you made money and youre not sure why.
During previous dips, it was 100% guaranteed you could get a good return in one week. So that's exactly what any smart person was doing. Some could risk more, power to them.
Personally, I'm not touching the market until it gets a lot closer to $1k. And I think the odds are getting better every day.
Earlier quoted context omitted.
Until you successfully cash out, you’ve made nothing.
I'm very curios: whoever downloaded this comment above, could you please tell us, why do you think it's not true?
Earlier quoted context omitted.
I'm very curios: whoever downloaded this comment above, could you please tell us, why do you think it's not true?
I didn’t downvote it, but it’s so obvious as to be unhelpful. Who needs to be reminded that an asset isn’t worth its price until it’s liquidated? It’s self-evident, and yet you have it following every time someone mentions returns on BTC. You have it at least twice here on this thread, in fact.
Earlier quoted context omitted.
I'm very curios: whoever downloaded this comment above, could you please tell us, why do you think it's not true?
I didn’t downvote it, but it’s so obvious as to be unhelpful. Who needs to be reminded that an asset isn’t worth its price until it’s liquidated? It’s self-evident, and yet you have it following every time someone mentions returns on BTC. You have it at least twice here on this thread, in fact.
That's why its different because while you think you have that much money, by the time you actually get around to selling it, the price can be radically different
Earlier quoted context omitted.
I'm very curios: whoever downloaded this comment above, could you please tell us, why do you think it's not true?
I didn’t downvote it, but it’s so obvious as to be unhelpful. Who needs to be reminded that an asset isn’t worth its price until it’s liquidated? It’s self-evident, and yet you have it following every time someone mentions returns on BTC. You have it at least twice here on this thread, in fact.
Bitcoin has gone up 1547% in the last year. Unless you are heavily shorting it, you are making money and it's not necessarily because of talent or great strategy.
Until you successfully cash out, you’ve made nothing.
Earlier quoted context omitted.
this is the simplest, most correct understanding. there are some things that drive the price of bitcoin that are more fundamental, like instability of various currencies, and government regulations on btc. but none of those have changed drastically recently. so what is driving the price? hype, and the price itself. i think you should be pretty skeptical any time you made money and youre not sure why.
I know exactly why I made money. This is a ponzi scheme with unlimited uninformed people joining. You feel your personal level of risk, find a time, and invest only what you can afford to lose. You can do the same with Tupperware if you know enough people to sign up under you, grab a bunch of free product and sign out. During previous dips, it was 100% guaranteed you could get a good return in one week. So that's exa…
Earlier quoted context omitted.
It's less than zero sum, right? Each transaction has a cost.
If you're referring to Bitcoin transaction fees, that's not a factor on the exchanges, since the exchange itself holds all coins in its own wallet until you decide to withdraw.