Would like to start a thread for crypto/blockchain related discussion.
Me- I'm a novice trader and mild enthusiast
how about you guys?
Me- I'm a novice trader and mild enthusiast
how about you guys?
No it's not luck..
most people are kidding themselves thinking they are anything but lucky.
I agree, but let me emphasize a portion of my comment:
I was trading crypto years ago, I built a crypto exchange so I know quite a bit about the matter. Back when even the biggest exchanges were uncertain, you never knew if the site was going to glitch out and even accept your trade. It might just skip right over your order. It might lose your order. Your money might get stuck on an exchange for weeks while the server is down, unable to sell it while the price drops. The matter of luck was even greater at that time, and its still incredibly high for almost anyone who is learning about crypto.
I agree, but let me emphasize a portion of my comment:
I was trading crypto years ago, I built a crypto exchange so I know quite a bit about the matter. Back when even the biggest exchanges were uncertain, you never knew if the site was going to glitch out and even accept your trade. It might just skip right over your order. It might lose your order. Your money might get stuck on an exchange for weeks while the server is down, unable to sell it while the price drops. The matter of luck was even greater at that time, and its still incredibly high for almost anyone who is learning about crypto.
No it's not luck.. I'm all cash currently and don't hold any assets but no it's not luck. I usually swing trade larger wave structures and started day trading a little and it spoiled my love of the game. Micro managing your positions is a lot less fun to me while you are trying to live your life lol
If you do get into trading learn you Elliot wave theroy, Fibonacci extension and retracemnt tools ect...
Eight now the market is very unsure and gun shy! The most recent rally created was followed by a very extended correction that has lagged on for days and may really be an ABC correction and we just finished the B wave up, could still have a massive 5 wave down C structure ahead.
If that happens it will be turmoil for sure because we will have a death cross of the 55ema and 100ema and we will surely qithowi a doubt test 6k again!
Start the spoolstreet blockchain: users can offer their storage space and processing power in return for tokens lol.
Then you could replace the current credit system with that!
edit: Keep the current credit system for forum/posting use and you could have a marketplace with spoolstreet swag for purchase with cash/SST(spool street token).