If you buy a BTC ETF you’re a chump 🤣🤣🤣
Real BTC >>> BTC etf
Imagine wanting exposure to an asset without, as a result of ownership having the very thing that gives BTC value; self custody outside of a third party & anonymity
But hey buy a BTC etf , that way you Don’t own the asset and have to pay a fee to have exposure
3 types of risks in trading in trading #bitcoin#crypto
The known known
The known unknown
The unknown unknown
But first what is TA - TA is an analysis of buyers and sellers actions and impact those actions have on the market. TA can not predict with 100% certainty how/ what influence future buyers or sells will have - hence why TA is not 100% accurate (I say if done perfectly its around 70% and then with added experience you can add a few more % based on individual decision making, this is how I can get my win rate very high)
The Known Known risk = risk you are aware of before taking a trade (this is why we define the $ loss before applying capital based on individual risk tolerance)
The unknown known risk = understanding that even if TA suggests one thing that Price action is influenced by future buyers and sellers and TA can only indicate the likely decisions they will make not tell you with certainty what they will do, this accounts for the scenarios where trades from a technical perspective look perfect and the trade is a great idea and still stops out - this is why we use stop losses and risk management
The unknown unknown risk is what messes you up the most - its the unexpected risk, such as random news events manipulation, random larger sellers or buyers - again this is why stop losses are so important
Understanding this will help you realise why risk management is so crucial when trading
@gcashofficial Since when did an animation speed setting become a security risk? Why not make it a specific setting like USB debugging? So dissappointing. I'm moving to Maya.
@gcashofficial Why do we need to require to disable developer options?
As a Galaxy user who only want to tweak the animation to .5 for more efficiency , it is very annoying that I need
to disable this just for the Gcash app. Get a grip and fix this.
Praying for all the innocent lives lost on both sides of the conflict
If you think the death of innocents is an acceptable sacrifice for your beliefs, it might be time to reassess
Good and evil doest exist, everyone believes what they are fighting for is the goodness of their beliefs
I have no desire to comment further, but I pray the innocent are spared
Probably the most dead I have seen the crypto space since 2018
If you’re a still here trading and active you are one of the few that survived
Congrats #btc#bitcoin
The media works with Big money to shift your decisions and influence your thoughts
First, we need to define the difference between news and high-impact news events
News is any information past, present or future that (generally not previously known to the public) informs them about a specific event - these events generally have an emotional component, ie. something that is perceived as good or perceived as bad, but for the most part, have little impact on the market risk beyond public perception
(Public perception formulates part of what constitutes total market-perceived systematic risk, however its a small part)
High-impact news events however is the broadcasting of change/non-change in relation to the economic standing, monetary policy or other political changes, these events can directly shift the perceived and actually systematic risk in the market and drive true sustained HTF price movements
For the sake of todays explanation, we are only focusing on the first, news
First, we need to understand what the purpose of the market is and the 3 ways to profit in the market
The market is simply a method of evaluation and wealth transfer (the latter being emphasised). If we derive purpose from the method, the purpose in essence is to acquire, build and gain economic wealth. This is done so in a market where other entities facilitate the transactions of this wealth.
Profits (economic gain) can be derived from two places
1. New money coming into the market driving the value of assets up
2. Selling current assets to buyers liquidating positions to cash
Big money (Funds, firms, banks an govs) all have an ethical duty to their companies to turn as much profit as possible, the profit they make comes from either your losses or from encouraging new investors to either 1. suddenly enter the market or 2. consistently enter the market over a period of time (superannuation is a prime example of this as it provides constant liquidity to the market)
There are 3 ways to profit from trading
1. Lie and manipulate
2. Cheat and control
3. Learn and test
Lying and manipulating is what 99% of CT do, influencers shilling shit coins, E-Girls and celebrities selling NFTs and all the other degenerate ''ventures'' out there
Cheating and controlling is what the big money does, they can control the perceived demand for assets as well as to some extent control the actual systematic risk in the market through economic and monetary policy. They can also use a variety of tools to accomplish to and give them an edge over their competition (retail), mainly the use of mainstream media to influence your decisions
And finally learning and testing, these are the traders out there who have developed strategies through years of chart time, practice and sacrifice to create a small edge in the market which can be compounded for returns over a period of time
Now that we have defined what we are talking about, explained the means to an end and provided a motive for abuse of the media we can begin to understand how it works in real time.
Big money will pay off media channels, journals, review papers and even political figures to promote narratives/release news that they have prepared for and will benefit from. These news events as detailed above often have little to no impact on the actual market risk but rather play on people's emotions and thus buyers' and sellers' decisions (falling into their traps)
Taking a look at the above charts we can see two examples
The first example is how timed news releases can directly impact price action on a short-term basis, note the placement of these news events and how they always occur right after a large move in one direction trapping liquidity
The second example is how the media runs with narratives set by large figures to sway the public perception and thus decisions, and how these are often counterintuitive at the time
In summary, understand the media and big money play by different rules, understand your money is the objective, and understand they use all the tools at their disposal to create an edge at your dispense!
What can you do? Manage your risk, avoid trading based on news events and finally be aware and awake!
If you enjoyed consider following and retweeting
#btc #bitcoin #crypto
If you did what you believed was best at the time
Don’t be at yourself for the result
Learn, analyse and carry on forward
The easiest way to allow emotions to affect you when trading is holding onto baggage from prior trades
Discipline is the bridge between goals and accomplishments
Humans are not born to be good traders, becoming a good trader is a journey that we have/must all take
The only way to guarantee failure is by giving up
In a world where sensationalism and self-promotion can cloud judgment, I am to be a beacon of integrity. Committed to avoiding hype, emotion, or shilling ensures that the advice and insights I share with my audience are unbiased, genuine, and rooted in data-backed analysis.