I'm new to investing, and l've lost a good sum trying out strategies I found in online tutorials. I would sincerely appreciate any recommendations you have.
Thanks for sharing this here. A lot of beginners Like me are smashed out there every day. It's a good thing we have nice people here who want others to become successful as they are.
Just be careful with the information people give you and don't be naive and give people your information. There are a lot of scammers out there, and a lot of people who also mean well but are not giving you proper advice. Mostly you have to take responsibility and ownership of your own trades. You have to recognize when you're doing risk management or if you're gambling when you are making a trade or even adding to a trade or taking profits.
Best advice is diversify and HODL. Been doing that for a long time and worked a treat. Portfolio dropped by 80% for ages and then up with huge gains! If you believe, like I do… give it time/years
Dude! I made a journal of sentiment from late 2020, early 2021. The fomo and mania was insane, like 10x from where we are now. Right now seems like the very start of the mania degeneracy and bitcoin rotation to alts. Excited to see what happens either way 🍻
"Important reminder about Bitcoin corrections-50% drops have happened even in bull markets. Watching macro trends and fear cycles can save you big. Stay prepared, not reactive!"
A 50% correction will end crypto. period. If the market wants big business and retail to ever come back then it cannot have such large corrections anymore. Without these investors then crypto will simply shoot itself in the foot. No business will put their money in a market that collapses. It really comes down to whether crypto matures and simply fades away
The real top in 2021 was in April! The November top was not as violent as the the first one, so I don't add the draw down to the average draw down percentage. I lean myself now out the window and say that we won't get a 30%+ draw down this time, before we see the cycle top. Maximum -25%... But nothing is impossible.
Imagine the amount of money that exchanges and market makers have to make money in various ways at their disposal, including sole insights into trading data of customers. Exchanges earn from fees, liquidations and mostly when leverage traders close their trades at a loss. Plus, they can make money from the pumps from buying low then dumping at a high to push the market down and gain even more, from those profits of selling, plus liquidations and fees, and when traders panic n close trades at a loss before they lose everything. Those traders reenter after a pause with their little balance thinking the storm is over…only to then lose even more, or everything. Very very brutal manipulation. Only safe way is to stick to spot market.
This is why I tell my parents not to take investment advice. There is really no substance here. No details on the increase of m2 money supply / quantitative easing affecting all assets, major central bank rate drop causing liquidity moving away from bonds, etc.
Yeah, this trading idea is stupid whether it drops or not because if it doesnt, you’re behind.. it will go up past where you buy it eventually and alot higher regardless either way, you really only lose if you sell… i figured that out big time.
I also know where we get our information is the youtube traders.. some hodlers but yall are incentivized to talk about trading when really noone should ever sell.
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I'm new to investing, and l've lost a good sum trying out strategies I found in online tutorials. I would sincerely appreciate any recommendations you have.
Thanks for sharing this here. A lot of beginners Like me are smashed out there every day. It's a good thing we have nice people here who want others to become successful as they are.
Hello!
I'm glad you came out open
What do you want to invest in ?
Would love to text somewhere more convenient, if you need some guide lines
Just be careful with the information people give you and don't be naive and give people your information. There are a lot of scammers out there, and a lot of people who also mean well but are not giving you proper advice. Mostly you have to take responsibility and ownership of your own trades. You have to recognize when you're doing risk management or if you're gambling when you are making a trade or even adding to a trade or taking profits.
Best advice is diversify and HODL. Been doing that for a long time and worked a treat. Portfolio dropped by 80% for ages and then up with huge gains!
If you believe, like I do… give it time/years
Buy the dips and sit on your hands! This is a game of patience! Be prepared to handle some uncomfortable times! Its not always number go up!
I'm too old to sell anymore. Props to BTC, crushed my 401K over the years
When was that?
No one is old to invest, not this period, whatever you invest you get almost triple of it
Dude!
I made a journal of sentiment from late 2020, early 2021. The fomo and mania was insane, like 10x from where we are now.
Right now seems like the very start of the mania degeneracy and bitcoin rotation to alts. Excited to see what happens either way 🍻
Finance bros that jumped on the crypto bandwagon late have no baseline to compare to.
@@mtsdivine it's gonna be wild.
Now that we are in the correction period... when will be a good time/price to buy again?
you were already given support levels. decide it for yourself
Pullback was expected, but historically first week of Dec is bearish and then Santa rally should be on its way.
Correction....lol....like growing up in the eighties & getting the belt, was also referred to as a correction....
"Important reminder about Bitcoin corrections-50% drops have happened even in bull markets. Watching macro trends and fear cycles can save you big. Stay prepared, not reactive!"
WALK HARD! HOLD!
i like your analysis do you have black Friday discount ?
A 50% correction will end crypto. period.
If the market wants big business and retail to ever come back then it cannot have such large corrections anymore.
Without these investors then crypto will simply shoot itself in the foot.
No business will put their money in a market that collapses.
It really comes down to whether crypto matures and simply fades away
The real top in 2021 was in April! The November top was not as violent as the the first one, so I don't add the draw down to the average draw down percentage.
I lean myself now out the window and say that we won't get a 30%+ draw down this time, before we see the cycle top. Maximum -25%... But nothing is impossible.
Waiting the black friday sale to jump in 😊
awesome! looking forward to having you in the group :)
I haven't heard 1 person saying that a 50% correction can not happen, We aint at that part of the cycle yet when people think it will never go down
One Love!
Always forward, never ever backward!!
☀☀☀
💚💛❤
🙏🏿🙏🙏🏼
Awesome brother, straight to the point.
LCX pumping🎉
Great video, appreciate the time Michael
ty mate
Do I sell or not 😢
if you're expecting an answer...you're too late
@ no 😭
Bitcoin will go to $1M, Dogecoin $25 but only 10% will be diamond hands, 90% will be paper hands.
Are your origin italian mike?
Im sure u can talk even much faster
You can just choose 1.25 or 1.5 speed in the settings :)
@@lloyd0006😂😂😂
Thanks Michael!
thanks michael. wouldnt want to navigate this without you
RWA sector perform well, Lumia, token, xlm
When the corrections happen, don't be in alts. You want to HODL BTC through the corrections. It loses the least, and will come back. Stack your sats.
Great video as always. Thanks heaps for the update.
Be nice to see the CME 78k gap closed
Thanks Michael
Thanks mick 🎉
pleasure mate!
Good on yer Mic
michael pizzino: the market is now "frothier"
Thanks Mick! 😎
My weather forecast show :))
Thankyou michael it's truely a blessing what you and Jason have been doing for years.
I miss the intro quotes, Mick....
They gotta make a comeback!
Imagine the amount of money that exchanges and market makers have to make money in various ways at their disposal, including sole insights into trading data of customers.
Exchanges earn from fees, liquidations and mostly when leverage traders close their trades at a loss. Plus, they can make money from the pumps from buying low then dumping at a high to push the market down and gain even more, from those profits of selling, plus liquidations and fees, and when traders panic n close trades at a loss before they lose everything.
Those traders reenter after a pause with their little balance thinking the storm is over…only to then lose even more, or everything.
Very very brutal manipulation.
Only safe way is to stick to spot market.
🍻 Michael. Good video!
Thanks mate!
So far it's a correction for ants!
Lol are you retarded 😅
Legend
This is why I tell my parents not to take investment advice. There is really no substance here. No details on the increase of m2 money supply / quantitative easing affecting all assets, major central bank rate drop causing liquidity moving away from bonds, etc.
❤❤❤
This is obvious the fast version lol😅
Yeah, this trading idea is stupid whether it drops or not because if it doesnt, you’re behind.. it will go up past where you buy it eventually and alot higher regardless either way, you really only lose if you sell… i figured that out big time.
I've listened to 6 bitcoin programs tonight. You are by far the hysterical outlier. Comedy might be a good career choice for you.
epic
🤔
Holiday Dip.
ppl do not want to worry as they are on vacay.
Left translated cycle . blow off top incoming recession the bond markets know 😂😂😂
I also know where we get our information is the youtube traders.. some hodlers but yall are incentivized to talk about trading when really noone should ever sell.
1st
welcome!
Thanks Michael! 😉