Nice one, Frank. Generally speaking, all trading is a form of gambling - though, in my opinion, spot trading anything is about the best gamble one can make as the house takes so little - $1 in, $.9975 out I’d guess in aggregate. Emotion is great for horse races, because we don’t gamble to make money there - we gamble there for fun. If people came to crypto for fun, then they are having a great time now. Though, for those who have come to make money, crypto should be viewed like all other spot trades - dull. I find trading and making money the least exciting but most essential thing I have to do now. It’s a big yawn, but it’s really important because the risk to return opportunity is fantastic. Essentially, I have to capitalize on those who feel emotion and ride with the whales. This sounds appalling, but that would be emotion speaking.
Nice one, Frank. Generally speaking, all trading is a form of gambling - though, in my opinion, spot trading anything is about the best gamble one can make as the house takes so little - $1 in, $.9975 out I’d guess in aggregate. Emotion is great for horse races, because we don’t gamble to make money there - we gamble there for fun. If people came to crypto for fun, then they are having a great time now. Though, for those who have come to make money, crypto should be viewed like all other spot trades - dull. I find trading and making money the least exciting but most essential thing I have to do now. It’s a big yawn, but it’s really important because the risk to return opportunity is fantastic. Essentially, I have to capitalize on those who feel emotion and ride with the whales. This sounds appalling, but that would be emotion speaking.
And yes, never trade with leverage in crypto unless you’re God - and, yes, maybe God would lose its shirt, too
Very poetically put.