It blows my mind how many people are complaining that Elon became the first trillionaire.
First, most of it is paper wealth tied to equity in his companies. He could not turn it into real cash without dumping shares, which would crash the price and shrink his net worth massively.
“But he can borrow against his shares.” Sure he can. That does not make him richer. A loan still has to be paid back, the shares stay pledged as collateral the entire time, and if the price drops he gets margin called. He’s just leveraging paper.
You would be much richer holding $1 million in cash than owning 25% of a company worth $4 million, even though both equal $1 million on paper.
Second, come on. He actually changed the world. A lot of these people complaining drive electric cars because they care about emissions. Those cars would not be mainstream if Elon had not built Tesla. Millions of people in rural and remote areas have internet because of Starlink. SpaceX is the only reason NASA is not still paying Russia to send astronauts to the ISS.
You can hate the man. You can hate his politics. But pretending he is not one of the most consequential entrepreneurs of our lifetime is just dishonest.
#Bitcoin Historical Accumulation Zone
Historically, major #BTC corrections have formed their bottoms around the 100 SMA on the 2-week chart.
Could price go lower? Absolutely.
But trying to sell the exact top and buy the exact bottom is usually a losing game.
The goal is to recognize when long-term opportunities start appearing.
Jane Street was running an algorithm that dumped Bitcoin every single morning at 10am. Every day. For months. Crashing the price. Liquidating retail. Buying back lower. Rinse and repeat.
The second they got sued it stopped. The 10am dump disappeared. Now Bitcoin just had the best day in months.
One trading firm... That’s all it took to suppress the entire crypto market for months.
Now ask yourself how much of the crypto price action is even real. How many people panic sold because the charts look terrible. How many people got liquidated. How many billions were taken from regular people by a single trading desk.
And this is just the first one to get caught so far… it’s about to get VERY interesting.
Don't be discouraged if results don't come right away. What you see on social media is pure illusion! The reality is that it takes time, sacrifice and patience. It took me years... so don't think you're worth less: the journey is the same for everyone.👌🏻
Don't torture yourself over decisions you should have made. No one is trading this perfectly, perfection does not exist in trading. Learn from your losses and then forget they happened. We are only 1 month into the year, you have 11 months left to see where you can finish.
If you’re not suffering with us through the worst market conditions of all time, you don’t deserve the gains of a bull market.
Sorry.
I don’t make the rules.
Your current investment options:
Try and catch falling knives in growth stocks and crypto.
Buy dividend stocks and metals at high valuations.
Sit in cash and bonds which get devalued by inflation.
Isn’t investing fun? 🤦♂️
note down the names of the accounts who panic over a pullback...especially the larger ones
they're just admitting indirectly they have no clue and dont trade to make money
Let me tell you a historical Secret
Literally 99% of crypto participants left Crypto after 2018 because of the 80-90% Crash.
1. Because of losing it all.
2.Because the market became boring.
Those who didn't leave and worked hard to learn and network, made it big.
This is a similar time now.
The disconnect of $BTC and $ETH with every major asset is really concerning.
- QT has ended
- Rate cuts have happened
- DXY is going down
- Global liquidity is at a new ATH
All these factors impact the crypto market, but the prices aren't catching up.
I think that the October 10th crash completely broke the confidence, and now retail doesn't want to play here.