Looks234
Kraken
- Joined
- Aug 11, 2020
- Posts
- 34,808
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2017 vibes nglI lost $50k. Idgaf. It will go back up soon enough.
its already recoveredinvest in the Russian ruble
I’m down 30k on stocks and crypto Dravidian shitskins can’t get a breakI lost $50k. Idgaf. It will go back up soon enough.
Yes.@Baldingman1998 probably dumped all his life savings into crypto and is now fighting for scraps with rats
That's pocket change to uI lost $50k. Idgaf. It will go back up soon enough.
Same predicament BhaiIm down 10k
@Baldingman1998 probably dumped all his life savings into crypto and is now fighting for scraps with rats
The market is a zero sum gameSrs? Sounds like a LARP
I know such things happen, I feel bad for reborn's acquaintance tbh if he (reborn) is seriousThe market is a zero sum game
Your profit is someone else's loss and viceversa
It's not even anonymous, everything is public and easily traceableI don’t understand the advantage crypto has over other currencies other than anonymity. It’s easy enough to do online transactions and conversions with real currency.
Srs?Lost $400,000. I part of me dies when I hear crypto now.
The kid I went to school with became a billionaire with this shit. And I lost all my money...
Yes on the 400k (388K really). And yes. I went to Waterloo, with ButerinS
Srs?
U holding?Yes on the 400k (388K really). And yes. I went to Waterloo, with Buterin
No I fucking sold. This was a year and a half agoU holding?
Fuck it probably would be even worse nowNo I fucking sold. This was a year and a half ago
Billionaire with crypto , wow that's wildThe kid I went to school with became a billionaire with this shit.
He owns Ethereum....Billionaire with crypto , wow that's wild
Why didn’t he take profits ?I know a guy who invested his entire life savings in Luna. A 6 figure amount. He flushed about 2 decades of his life down the toilet this way.
IMO all coins other than Bitcoins are a scam. Stay away from them. Wait until the stock market is starting to recover and the FED is printing money like there's no tomorrow again. Then you can buy Bitcoin. But wait until the stock markets recover because until then Bitcoin will keep going lower and lower.
Wow that's more than my negative PSL
Lost $400,000. I part of me dies when I hear crypto now.
The kid I went to school with became a billionaire with this shit. And I lost all my money...
I know a guy who invested his entire life savings in Luna. A 6 figure amount. He flushed about 2 decades of his life down the toilet this way.
IMO all coins other than Bitcoins are a scam. Stay away from them. Wait until the stock market is starting to recover and the FED is printing money like there's no tomorrow again. Then you can buy Bitcoin. But wait until the stock markets recover because until then Bitcoin will keep going lower and lower.
technical analysis is palm reading tier stupidity. how do you account for random factors, news events, political regulation, etc.Ngl it's his fault for not using technical analysis to have a cash out price level for his investment.
View attachment 1691506
Look at the blue line, it's a long term trendline that Luna has been holding for over a year. As soon as it goes under the line (63 dollar area), then that's your time to sell and gtfo.
You can't just invest in the riskiest asset class in the world and act ignorant, you'll get fucked over. The markets are brutal, and nothing ever consistently goes up in a straight line forever. Also, this is new technology, and things can go wrong, fast (like Luna). Same thing happened in the dotcom bubble, when all tech stocks fell by 90%.
technical analysis is palm reading tier stupidity. how do you account for random factors, news events, political regulation, etc.
??I don't get what you're saying, it tells you when you should sell in case of any news events or random factors which can cause a dump
??
traditional technical analysis is garbage, think about it, people drawing stupid triangles, using astrology indicators. using public indicators built on shitty maths like rsi, macd, etc
Do you think high freq trading algos (who rekt all the people) are using that shit that u have 100000 tutorials about it and 99,9% of the retail people use it?
I draw one trend line and everyone goes crazy
IMO all coins other than Bitcoins are a scam.
Ngl it's his fault for not using technical analysis to have a cash out price level for his investment.
View attachment 1691506
Look at the blue line, it's a long term trendline that Luna has been holding for over a year. As soon as it goes under the line (63 dollar area), then that's your time to sell and gtfo.
You can't just invest in the riskiest asset class in the world and act ignorant, you'll get fucked over. The markets are brutal, and nothing ever consistently goes up in a straight line forever. Also, this is new technology, and things can go wrong, fast (like Luna). Same thing happened in the dotcom bubble, when all tech stocks fell by 90%.
Yes. Buy low, sell high.
View attachment 1691903
This is how your shitty trendline works before you repaint to the blue line you got rekt multiples times trading a shitty trendline with shit moving averages
>in order for your imaginary line to be valid it needs to fit my arbitrary criterionFor a trend line to be valid it needs to have at least 3 touches to it, you drew yours with only 2 touches?
It doesnt matter how many times touched the lineFor a trend line to be valid it needs to have at least 3 touches to it, you drew yours with only 2 touches?
It doesnt matter how many times touched the line
Support and resistance doesnt exist and the visual appearance of one doesnt mean anything because the next tick is still 50-50.
Unless its an area in price where there are inefficiencies and therefore some degree of predictability and those will show up in the form of autocorrelation in returns
Anyway keep coping with TA instead of trying to understand how the market works
How did you have 400k in the first place? And how old are youLost $400,000. I part of me dies when I hear crypto now.
doing this is negative EV if you bought at a high price. its just an unlucky coin selection not much more to itNgl it's his fault for not using technical analysis to have a cash out price level for his investment.
View attachment 1691506
Look at the blue line, it's a long term trendline that Luna has been holding for over a year. As soon as it goes under the line (63 dollar area), then that's your time to sell and gtfo.
You can't just invest in the riskiest asset class in the world and act ignorant, you'll get fucked over. The markets are brutal, and nothing ever consistently goes up in a straight line forever. Also, this is new technology, and things can go wrong, fast (like Luna). Same thing happened in the dotcom bubble, when all tech stocks fell by 90%.