TLDR on bitcoin economics: It's a pyramid-shaped investment scheme backed by the collective delusion that value can created out of nothing by convincing greater fools to buy it after you do. (2/)
https://t.co/2iI4ZS5JK7
CT traders are so successful, everyone flashing 6,7 or even 8 figure profits daily. Turning few grand to a million in a month etc. Make me question if I am the worst trader here lmao. That despite me 25Xing my portfolio since the march low last year.
Despite market up, my portfolio has drawdown of 15 to 20% from its peak. Wrong positioning (net short) + couple of big losing trades lead me into this. Being bearish + taking high risk pretty much sums up the reason I am down. Now time to recover with lessons learned.
Karura Crowdloan Waitlist Now Open!
Karura will soon host a Crowdloan to bootstrap the parachain auction for the DeFi hub of @KusamaNetwork.
Compete for KAR Crowdloan bonuses up to 25% and an Apple iPad.
Everyone with 130+ entires wins 3 KAR.
Go.
https://t.co/v69PtiYw6L