Date: March 20th, 2018 11:12 PM Author: Irradiated dark affirmative action boiling water
most of xo does not have the temperament to be successful crypto investors. they have intense fomo and will trade on emotions. they want a quick buck, leading them to invest in shitty projects with lofty promises, rather than buying the better shit and hodling
Date: March 22nd, 2018 3:44 PM Author: Stimulating Red Prole
The volatility in the market is hard to deal with emotionally. You can either (I) have a small speculative portfolio, but this precludes the possibility of life changing cash, (ii) have an extreme appetite for risk or (iii) have the benefit of not having dependents, so the volatility doesn’t affect your day to day.
You benefit from (ii) and (iii). I benefit from (iii). Watching 6 figures evaporate is a lot easier for us than it is for people who need to pay the med bills for their sick child/parent.
All this to say is that, if you become super rich and I become well off, can we not be like boomer bootstrapping assholes and acknowledge the luck of our circumstances?
Date: March 22nd, 2018 2:49 PM Author: Amber field
Ur not supposed to trade against the trend, you look for reversals at support/resistance and wait for confirmation on volume (gives ASSURANCES that the reversal you're seeing has real momentum) to be safe