(1/X) This thread is the trading year of 2022, summed up.
Quoted is what motivated this challenge and what will come out of it.
Start of challenge: 01/01/2022 (Today)
End of challenge: 01/01/2023
After the big L I took with the KuCoin margin glitch, I decided that it's pretty much useless to pursue 800 bucks, it got to the point where I've accepted this misfortune and am just trying to see what I can do. So, I decided that the best thing I can do was document it all.
A warning from my end, definitely an informed opinion and not certain. Bookmap shows that north of 1.7k #Bitcoin is ready to be used as long liquidity at 38k, a relief rally might happen but IMO, 38k is coming.
The real problem with #Bitcoin isn't volatility. Volatility means Bitcoin can't function as a currency, but it makes it very appealing to traders and speculators. The real problem is that Bitcoin has no underlying value to support its price, making a terminal collapse inevitable.
@PeterSchiff 's criticisms of crypto are valid, it is too volatile, too complex, but as I'm sure he already understands that we are in 1999 of the internet for crypto. Come 15 or so years from now, crypto will in fact change the world.
For example, when the market crashes, analyse everything that happened and you'll be able to spot crashes 60% of the time (not guaranteed but the markets follow a pattern).
Now, I'm starting out like you but...
The best advice I can give (which is helping me a lot) is to journal, journal everything, every crash, every bad trade.
(1/X) This thread is the trading year of 2022, summed up.
Quoted is what motivated this challenge and what will come out of it.
Start of challenge: 01/01/2022 (Today)
End of challenge: 01/01/2023
After the big L I took with the KuCoin margin glitch, I decided that it's pretty much useless to pursue 800 bucks, it got to the point where I've accepted this misfortune and am just trying to see what I can do. So, I decided that the best thing I can do was document it all.
(12/X) If you want to start researching, this week start with distributed ledger technology, an essential part of blockchain tech and it's important we understand it to research cryptocurrency.