Just like the $ZEC run when you could’ve bought it a couple months ago in the $30’s - $50’s people are going to regret not stacking $AMP under .01
“Then into altcoins with real utility”
“$AMP time is coming.”
~AMPstradamus
Bullying Daira-Emma is low blow AND low IQ by any standards. Daira is a highly accomplished cryptographer. Don't like the coin? Study the tech and make your case, but no need to attack the person.
Sometimes conviction leads you to hold something to 0 and sometimes conviction helps you make it all back and then some.
I love how people are waking up to $ZEC
Inevitably it will be $AMP's turn
Greetings crypto traders whose Friday was not a cheerful day. I need to tell you that there will be better tomorrows. While the tunnel may seen dark, there can be bright days in front of you depending upon how you respond to your present circumstances.
If your finances were severely injured this past week in crypto (or even equities) allow me to share with you the same advice I routinely share with my private community of traders.
Wealth - real wealth that is secure and lasting - does not come from "bet the farm" speculative bets. Real wealth comes from accepting investing as a marathon, not a sprint.
Real wealth comes from controlling risk, not from taking huge gambles. Real wealth comes in the accumulation in small pieces, gained, then protected.
I love that the younger generation to which you belong has taken an interest in speculative markets such as crypto and futures. Welcome. This is the arena I have operated in now in the 6th different decade starting in the 1970s.
I wiped out several accounts in the early days. These are not fond memories. But I kept at it. For me I learned how to control my risk. What does that mean exactly?
Well, for me it means to limit my risk on any given bet to no more than 1% of my total pot. I know that sounds too tame to be meaningful, but if you do not want to go through what you experienced this past week, then perhaps it should be meaningful.
It also means that I do not bet any more than 3% of my entire trading capital on the composite of highly correlated bets.
I have noticed that some in the crypto space wear as a badge of honor that they can sit through 80% drawdowns. Well, that is NOT a badge of honor. It is a crown of shame. Anyone who thinks lightly of 80% drawdowns will end up rekt at the end of the game. If you doubt me, then stay on your present course and find out.
It also means that leverage is a wonderful tool, but it can be a weapon you turn back upon yourself. As a rule, I never want to be leveraged against my total account by more than 2X -- and then only when I am diversified in assets that might be negatively correlated.
So, I encourage you. Take this past week as a serious lesson of investing and of life. Take ownership of your mistakes. Don't blame this past week on some "whale" or manipulator. Own it. And move forward having learned some valuable lesson.
No one asked me but I figured I'd jump in and try to explain. Companies earn yield while using the coins for payments so the cash works and earns at the same time. They save on fees avoid chargebacks and keep users in their apps. I'd just argue for regular Americans with credit cards and normal banking there's not a huge reason to switch yet. But if companies are saving this much by using stables they'd probably need to pass some of that on and actually give people a reason to use them over cards. More important though stablecoins spread digital dollars fast and help lock in dollar dominance. People can save and use dollars easily even without a bank account. Tether is already the third biggest holder of Treasuries and other companies will follow as foreign buyers pull back.