Advice #2 from old guy on a sabbatical that has made a lot on different cycles and learned a lot also. On days where things get rekt dont look at the few people that won, if you didnt lose or only lost small thats a win. Dont feel the need to go make it back when times arent there, a min loss on a major loss day is as big of a win as a anything. Stay calm stay patient Back to being offline.
Just looking at the TL on my spare time while not trading is hilarious. All the people that 4 days ago were screaming ZEC, AI, ZCAT etc magically all sold right on time. the larping levels of CT are top tier and pure comedy
One plus side of @fomo is the transparency And with that comes info. If you think its normal for all this people with 3M-10M accounts to have 3K in available liquidity, you will learn a lesson real quick. It already started, but as things dips they have to pick bags to sell to buy the dips of other bags and it cascades very quick. Its cool to flaunt these pnls but 99% of them are in coins sub 100M or at 200M max and you are seeing the impact now of mismanagement of liquidity. Again im on a trading hiatus none of this affects me, but I have been watching and observing and learning more on social trading.
The reason why so many people lose on FOMO and pump is not actually the coins. Social trading has become one of the most dangerous things for the average trader. When you can so easily see people winning 50-100k constantly and they are "real" traders while you loose it only causes most people to chase harder Social trading taps in more emotionally than every before and I have seen so many people just chase chase chase, or try to make up what they lost for appearance sakes and just 0 out. If you are an emotional trader, or newer to the game i suggest not actually trading on these platforms till you can control yourself more. Im still on my trading haitus for personal reasons nothing to do with crypto but it has given me time to watch others and think which is the reason for this post
I still dont understand the point of the LONG ecosystem. Like why would you want to hold their coins if I dont get anything, no reflections nada. Stonk makes infinite more sense, like AI holders dont get NVIDIA? MOO holders dont get any memory stocks? Am I missing something?
