Playing With Fire
The saying "playing with fire" means you are risking being harmed by being burned and this is how I see those playing with leverage. One day you may look like a hero, but you are also going to look like a complete twat more often than not. Why anyone would be leveraging now with so much volatility around you must be a complete moron. I would have thought the prices would have risen by now with the ETF announcement imminent and can see why so many have been caught out. Crypto is volatile and always expect the unexpected.
The way I see crypto is if you have worked long and hard accumulating your portfolio the chances are you appreciate what you have. The idea of using leverage gambling just does not even come into the thoughts as this is absurd. I have worked long and hard and would not even bet 1 crypto on a 50/50 scenario let alone a bag. What I have is far too precious and has taken years to a accumulate.
3 days ago we saw around $950 million in liquidations so this was a mini speed bump in comparison which wiped out only $200 million. I say only $200 million as that is larger than the coin listed at 198 on CoinMarketCap. This is some chunk of change that has been tossed away never to be seen again. The easy come easy go mentality not appreciating what they have and I bet you these people live the same way in real life.
Liquidations are boosting my earnings within the COTI Treasury and I am grateful we have these fools around giving us their free coins.
Relaxed And Chilled
These days I am happy and content to just farm the rewards every couple of days growing my bags without going near the markets. Trading has not crossed my mind besides the VTHO which has caught my eye and with the volatility there is a chance of earning 10% regularly which I will be doing. This is a way of shortcutting the 1 million VTHO target and possibly being able to do far more than I could have ever dreamed of. The current price of 0.002188 will be back above 0.00250 or higher soon enough in which case I will sell and buy back when we have the next dip.
Crypto is far more enjoyable when you stake and forget trading due to the no stresses involved. Over the past month I have banked nearly 1000 COTI ($60) which at the all time high would have been valued at over $600. Another ten months to a year of this accumulation along with the occasional top up will put me into some serious money. Why others cannot see this is beyond me and you can understand why very few investors are actually in profit with most having lost. This is not difficult and is child's play if you have the patience which obviously most don't have.
Slow and steady wins the race and if I am going to achieve my $1 million portfolio value within the next year or two I am going to be keeping this simple. I know I will achieve my initial goals before 2026 and then move on to bigger targets which again makes this far more serious due to the numbers involved.
I havent really trade but for me just listening and watching friends loose their hair because of trading Hive sounded more peaceful investment for me, I do something I like thats writing and playing with photoshop and on the side keep a certain stash of $$ growing every day, slowly but growing, just this morning I was walking to work and thinking how ppl who had millions on FTX would feel until now, same as getting liquidated, it must sux big time
We are getting to that time in the cycle where many people are potentially going to get burned. Hopefully it doesn't set us all back too far.
Slow and steady is the only way to be in crypto. People lose money due to impatience and not doing their research (and even then you can lose big.)
I hope you hit that $1 million portfolio within the next year rather than two! Congratulations, you are almost there!
We shall see how close when the ATH's reappear and how high they are this time around.
Trading is not as simple as playing a video game. Exactly loss can loose your mentality and just give you stress. Hope we can find best on next move
Today, trading within the crypto market is like playing with the egg because the market is completely unpredictable, it either goes up immediately or it goes down immediately. A tweet has come and within the market we have seen a nice pump and then it has come down again so that is what has been going on for so many days. Tomorrow is a very special day for the market.