INFINITE MONEY GLITCH ON SOLANA - Experiment

[Sub0]

Probably invest money into tax advantaged growth funds that are diversified. NASDAQ100, SP500 index funds.

I believe the VOO is best for passive investing. 0.03% expense ratio per annum and dividend auto reinvest. Take advantage of every tax break you can get. i.e., capital gains tax loss harvesting. Deferring CGT until you withdraw your investment. Avoiding deemed disposal and exit tax traps.

I can't believe I have to say it but none of you (not you specifically) retards are going to get rich and stay wealthy through crypto. Everything is long-term.

The system is rigged against you. Finding crypto opportunities should be short term. A good rule of thumb is "If somebody already made a looksmax.org thread with step-by-steps on how to make infinite money through crypto", it's probably a scam, trap, and there's no opportunity there.

I am a big advocate for taking FULL advantage of opportunities that appear extemporaneously. But you need to be in full control. And you usually find such opportunities completely by yourself (i.e., if it's a glitch or exploit).

If it's something peddled towards you. It's

1. Risky
2. Not what it seems
3. An outright scam


If people want me to make a "how to become as wealth as you can given your constraints" megathread, I'll make it.

It'll essentially just be a step by step on the most optimal way to invest long term, how to budget and track metric, how to progress corporately (strictly with the goal of maximizing salary), and how to keep your tax expense as low as possible. With some golden nuggets on the power of accumulating/compounding.




All these young zoomers are retarded. And all of these influencers are just scamming their audiences. I don't know how it's not obvious to some people. They'll continue to exist because their expenses don't exceed the amount of money they scam; which is sad.




Think about this. Do you want to be poor when you're old. "Grinding" unnecessarily at 65 years old. Or do you want to work meaningfully, and resist underpayment when young, balance your worklife with opportunity socially and romantically, while staying on track to rise the ranks and secure a well compensated future managerial position?


Everything in life to a very large extent is a value exchange.

If you have something others NEED, and can't get elsewhere; you have ALL the leverage, and power. Don't use that overtly. Use it subtly, for as long as possible.

Study people's motivations and intentions. Fear is the greatest controller. Something really overlooked in making money is the idea of "controlling counterparties (i.e., those who pay you a salary) with fear. Excess money opens opportunities.


The myth is "meritocracy".

Exploit the myth to gain power.
Reject the myth to retain power.
Never believe that the myth protects you.




PS: If any Jews want to recruit me or find my ramblings useful. I work for you.



Seth,

I just want to trade Bitcoin on leverage, it basically becomes an alt with the use of leverage, I'm not touching any alt or memecoin after this cycle, I've become a BTC maxi

I would love a detailed thread on how to trade and do technical analysis taking Bitcoin as an example

 

[keife]

You still in?

 

[Patient A]

Chart looks cooked.

Sell anywhere between 0.02 to 0.03 and you have done splendidly

Lol down -80% from all time high what a nigger

 

[Seth Walsh]

I just want to trade Bitcoin on leverage, it basically becomes an alt with the use of leverage, I'm not touching any alt or memecoin after this cycle, I've become a BTC maxi

I would love a detailed thread on how to trade and do technical analysis taking Bitcoin as an example

Well leverage introduces risk of ruin. Trading bitcoin with leverage is just as risky as trading volatile shitcoins. You can lose everything and will lose everything without a long term plan and extremely good risk management.

Also "wanting to trade" is a backwards idea. You trade when the markets start to trend, then you take profit after. That's the crux of being a good long term trader. Trading in bad market environments lead to huge losses, even for me.

BTC maxis typically just hold spot Bitcoin and put as much of their free fiat into it as they can, which imo, is not a bad idea at all!

 

[Seth Walsh]

I would love a detailed thread on how to trade and do technical analysis taking Bitcoin as an example

The trend is your friend 'til the end when it bends.


That's the full extent of the trading guide.


Cut short your losses, let your winners run on.

 

[Sub0]

Well leverage introduces risk of ruin. Trading bitcoin with leverage is just as risky as trading volatile shitcoins. You can lose everything and will lose everything without a long term plan and extremely good risk management.

Also "wanting to trade" is a backwards idea. You trade when the markets start to trend, then you take profit after. That's the crux of being a good long term trader. Trading in bad market environments lead to huge losses, even for me.

BTC maxis typically just hold spot Bitcoin and put as much of their free fiat into it as they can, which imo, is not a bad idea at all!

Basically buy low, sell high and don't trade the chop

 

[Seth Walsh]

Basically buy low, sell high and don't trade the chop

Yeah buy high, sell even higher (but never plan to sell).

Ride the wave.

Don't get impatient or scared of intra trend volatility.


Basically - make sure you're in a trade that has momentum in your direction. And make sure you can't lose money (by having your stoploss at breakeven, or a very loose stoploss around breakeven price).

The trends that aren't captured by many are ironically trends that establish themselves over a long period of time. That's where I made all the money with Solana. Persisting trends.

I know a lot of young turks are hardwired to chase instantaneous price pumps to try and make an expedient buck. It really doesn't work.

 

[Seth Walsh]

Yeah buy high, sell even higher (but never plan to sell).

Ride the wave.

Don't get impatient or scared of intra trend volatility.


Basically - make sure you're in a trade that has momentum in your direction. And make sure you can't lose money (by having your stoploss at breakeven, or a very loose stoploss around breakeven price).

The trends that aren't captured by many are ironically trends that establish themselves over a long period of time. That's where I made all the money with Solana. Persisting trends.

I know a lot of young turks are hardwired to chase instantaneous price pumps to try and make an expedient buck. It really doesn't work.

Think of it as swimming with the tide... You get into your position, and the tide (the general market trend) pushes your P&L in the right direction. You don't swim against it (you don't take profit). You rock with it until the momentum dies.

It's psychologically hard to do, and hard to follow. But the premise is very simple. That's all there is to it. But it means the right opportunity has to come along, and you could be months or years without a trade.

That's why, when a trade opportunity comes about, you milk it to the max.


And you'll get lots of trades wrong. That's why you need to exit at breakeven or at a fractional loss. The one that takes off will deliver your profits. Then compound your home runs.

Stay in the game. Don't lose your money.

@Sub0

 

[fl0w]

So there's this new coin on Solana, $IMG

CA: znv3FZt2HFAvzYf5LxzVyryh3mBXWuTRRng25gEZAjh

Here's what they're advertising,

View attachment 3508750

I just put in about 3 bands as an experiment and I think its legit LOL

I just got an airdrop from it a couple of seconds ago for $3.23

And if the volume remains the same or hell, increases as this gains popularity I might be able to make that 3k back in the matter of days ...

Will keep you updated boys but this could be interesting.

Very interesting....

@Whatever
@134applesauce456
@fczz
@jboard
@TheBiggestIncelEver
@AutisticChad
@yek
@yex
@JohnDoe
@AverageTevvezFan
@morz179
@illoan82

tag me in future threads please, this was a decent gamble

 

[Sub0]

Think of it as swimming with the tide... You get into your position, and the tide (the general market trend) pushes your P&L in the right direction. You don't swim against it (you don't take profit). You rock with it until the momentum dies.

It's psychologically hard to do, and hard to follow. But the premise is very simple. That's all there is to it. But it means the right opportunity has to come along, and you could be months or years without a trade.

That's why, when a trade opportunity comes about, you milk it to the max.


And you'll get lots of trades wrong. That's why you need to exit at breakeven or at a fractional loss. The one that takes off will deliver your profits. Then compound your home runs.

Stay in the game. Don't lose your money.

@Sub0

Appreciate your advice brother

Btw the reason I mentioned leverage on Bitcoin was because I'm extremely allergic to shitcoins now, I know you bought Solana from the bottom but I don't think there would be opportunities like that in future and even if there are, I'm not interested in putting my money in any alt coin

Now that Bitcoin have ETFs and 2 trillion market cap, I think it's only going to get less volatile in future, so that's why I want to use leverage properly with good risk management, I just can't trust putting my money in anything other than bitcoin

I'm in my 20s, I still have time and I would rather have a long term plan and trade for next 20 years than put my money in shitcoins and become a millionaire overnight then lose it all, I want to build wealth slowly but surely!

 

[uksucks]

Probably invest money into tax advantaged growth funds that are diversified. NASDAQ100, SP500 index funds.

I believe the VOO is best for passive investing. 0.03% expense ratio per annum and dividend auto reinvest. Take advantage of every tax break you can get. i.e., capital gains tax loss harvesting. Deferring CGT until you withdraw your investment. Avoiding deemed disposal and exit tax traps.

I can't believe I have to say it but none of you (not you specifically) retards are going to get rich and stay wealthy through crypto. Everything is long-term.

The system is rigged against you. Finding crypto opportunities should be short term. A good rule of thumb is "If somebody already made a looksmax.org thread with step-by-steps on how to make infinite money through crypto", it's probably a scam, trap, and there's no opportunity there.

I am a big advocate for taking FULL advantage of opportunities that appear extemporaneously. But you need to be in full control. And you usually find such opportunities completely by yourself (i.e., if it's a glitch or exploit).

If it's something peddled towards you. It's

1. Risky
2. Not what it seems
3. An outright scam


If people want me to make a "how to become as wealth as you can given your constraints" megathread, I'll make it.

It'll essentially just be a step by step on the most optimal way to invest long term, how to budget and track metric, how to progress corporately (strictly with the goal of maximizing salary), and how to keep your tax expense as low as possible. With some golden nuggets on the power of accumulating/compounding.




All these young zoomers are retarded. And all of these influencers are just scamming their audiences. I don't know how it's not obvious to some people. They'll continue to exist because their expenses don't exceed the amount of money they scam; which is sad.




Think about this. Do you want to be poor when you're old. "Grinding" unnecessarily at 65 years old. Or do you want to work meaningfully, and resist underpayment when young, balance your worklife with opportunity socially and romantically, while staying on track to rise the ranks and secure a well compensated future managerial position?


Everything in life to a very large extent is a value exchange.

If you have something others NEED, and can't get elsewhere; you have ALL the leverage, and power. Don't use that overtly. Use it subtly, for as long as possible.

Study people's motivations and intentions. Fear is the greatest controller. Something really overlooked in making money is the idea of "controlling counterparties (i.e., those who pay you a salary) with fear. Excess money opens opportunities.


The myth is "meritocracy".

Exploit the myth to gain power.
Reject the myth to retain power.
Never believe that the myth protects you.




PS: If any Jews want to recruit me or find my ramblings useful. I work for you.



Seth,

SP500 priced in M2 is down since yr 2000