Spot $0.57
-12%

Altcoins can bleed money.
This trading business is not for us.
Sticking to BTC

Sticking to BTC won't save you if you don't know how to trade, unless you hold for over a year.

Trading is a negative-sum game. The only people who make money consistently are exchanges, liquidity providers, and the real professional traders (most of us think we are but we aren't). Anyone else who makes money from trading often returns and gives it all back after getting lucky.

The masses get attracted by the 200% in a month gains and their gambling instincts kick in. Each time they try to reach for those gains, their money is taken away.

Our boy rwitre bought after a 200% pump in 5 days. He basically bought the bags of those that benefited from the rally. Trading is one of the hardest endeavors in the world but most people don't realize how much it takes to be profitable. In essence, most of us are gamblers who think sportpesa punters are children of a lesser god.

Retail buying or still holding ALT bags will start feeling the heat if they haven't already. Smart $$$ have been selling their bags heavily in the last 3 days to retail. This is a game that the average retail trader can't win because all odds are against him/her.

- If he is lucky to buy low, he has no clue when to sell so he makes paper profits and then gives them all back by holding.
- If he is unlucky he buys high (like now) and sees his/her PNL decline 40% before tapping out and selling at the worst possible time.
- If he is lucky when both getting in and exiting, he returns thinking that he is a pro. The second time he is unlucky and gives it all back and more.

What if my calls come true?? I gain nothing.

Or I buy alts at a discount from panicking sellers - rinse and repeat the process.