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01-01-2022
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Activity: 19% Longevity: 91% | | Re: Crypto Blowing Up
Yeah those kind of trades are risky as hell... Im sorry for your loss...
I myself never dabble in those. Swap trading is the least risky way of doing things - especially if youre dealing only in the big coins.
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The complete step-by-step guide to get back to selling today!
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01-01-2022
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Activity: 0% Longevity: 21% | | Re: Crypto Blowing Up
Thanks. I appreciate your advice. Trying to recover emotionally. It was $520 but it was all I had after some major crash due to poor financial management. Will be back with x125 patience instead of x125 leverage.
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01-01-2022
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Activity: 0% Longevity: 13% | | Re: Crypto Blowing Up Quote:
Originally Posted by Soundofsilence Thanks. I appreciate your advice. Trying to recover emotionally. It was $520 but it was all I had after some major crash due to poor financial management. Will be back with x125 patience instead of x125 leverage.�� |
125X is ridiculous. The liquiditation price is very very small unless you significantly top up your margin.
You can make a comfortable living off 8-12X leverage, whcih is what I always use. For BTC i use 28X leverage and Eth I use 18X leverage.
If you are patient, you will have been enough money by just topping up your margin so your liquidation price is something extremely small.
Today I made around $250 off longing BTC at 46K with 25X leverage and made $177. My liquidatation price was $6,000. I also longed SOL at $171 and sold just now for $177.5 and made like $80.
I used to make $3-4K a week back in April to July till I got extremely greedy and lost 70% of my gains from 4 months of trading. I think I lost like $11K in two trades after I put way too high of an exposure by increasing the amount in my trade. This meant my liquidation price was too high that it should be. If I didnt pile in too much in those trades I would have easily survived and walked away with a profit with a few days of holding but I got extremely impatient.
Nowdays, I am happy with $600-$800 a week as I also have my 9-5 and im a gym addict these days
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01-01-2022
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Activity: 62% Longevity: 91% | | Re: Crypto Blowing Up
I'll stick to being a coward and just hold what I have.
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01-01-2022
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Activity: 19% Longevity: 91% | | Re: Crypto Blowing Up Quote:
Originally Posted by Soundofsilence Thanks. I appreciate your advice. Trying to recover emotionally. It was $520 but it was all I had after some major crash due to poor financial management. Will be back with x125 patience instead of x125 leverage.�� | Patience is always key.
Always try to minimize your risk.
Luckily the amount wasnt all that high (relatively speaking). Just learn from your mistakes and do better in the future.
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01-03-2022
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Activity: 62% Longevity: 91% | | Re: Crypto Blowing Up
Hmm... this makes me wanna go and find a trader who can manage my account.
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01-03-2022
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Activity: 19% Longevity: 91% | | Re: Crypto Blowing Up
Opportunity forming on the BNB/BTC pair.
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01-03-2022
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Activity: 62% Longevity: 91% | | Re: Crypto Blowing Up Quote:
Originally Posted by slokor Opportunity forming on the BNB/BTC pair. | So you just buy between crypto without cashing out whatsoever huh?
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01-03-2022
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Activity: 19% Longevity: 91% | | Re: Crypto Blowing Up
About to create my BTC seller thread on here in the coming days - so will sell a tiny bit of it
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01-04-2022
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Activity: 0% Longevity: 21% | | Re: Crypto Blowing Up Quote:
Originally Posted by slokor Opportunity forming on the BNB/BTC pair. | So what I understand is, you do binance liquid swap trading ?
I think I am wrong. What option you use on binance when you say swap trading is safer way to do things
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01-04-2022
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Activity: 19% Longevity: 91% | | Re: Crypto Blowing Up
Just straight up swapping one coin for another.
I have BTC - I switch to ETH - and back again. Or to any of the top 5 coins.
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01-04-2022
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Activity: 0% Longevity: 60% | | Re: Crypto Blowing Up Quote:
Originally Posted by slokor Just straight up swapping one coin for another.
I have BTC - I switch to ETH - and back again. Or to any of the top 5 coins. | So this is not a taxable event?
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01-04-2022
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Activity: 62% Longevity: 91% | | Re: Crypto Blowing Up
It shouldn't be considering it's not from US$ rather between crypto
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01-04-2022
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Activity: 19% Longevity: 91% | | Re: Crypto Blowing Up Quote:
Originally Posted by yankee So this is not a taxable event? | Depends on the country youre in and the regulations they have for such trading.
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01-05-2022
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Activity: 62% Longevity: 91% | | Re: Crypto Blowing Up
@Nate
What's your prediction for BTC throughout 2022?
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01-06-2022
| | Senior Member | | Join Date: Jul 2020
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Activity: 0% Longevity: 21% | | Re: Crypto Blowing Up
xFun https://i.redd.it/3f41a8lufro61.jpg
Should not we have NFT post as well ?
I think purchasing NFT worth more than investing in crypto. Anyone here has any experience in buying NFTs ?
Last edited by Soundofsilence; 01-06-2022 at 03:03 AM.
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01-07-2022
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Activity: 0% Longevity: 60% | | Re: Crypto Blowing Up
As expected Crypto is crashing. At what price do you guys feel it is a somewhat safe buy-in?
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01-07-2022
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Activity: 62% Longevity: 91% | | Re: Crypto Blowing Up
I'm waiting to see if it'll drop below 40k. THen depends on the down trend. Either way it's already a good safe buy in.
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01-07-2022
| | Senior Member | | Join Date: Mar 2017
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Activity: 8% Longevity: 41% | | Re: Crypto Blowing Up Quote:
Originally Posted by yankee As expected Crypto is crashing. At what price do you guys feel it is a somewhat safe buy-in? | Wait until 20k.
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01-07-2022
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Activity: 0% Longevity: 60% | | Re: Crypto Blowing Up Quote:
Originally Posted by james_112233 Wait until 20k. | That is a target number for sure. Also looking to pick up XRP. I cant quite tell if this event is going to continue for months ahead or temporary and a bigger crash next year.
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01-08-2022
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Activity: 19% Longevity: 91% | | Re: Crypto Blowing Up
You heard the man.
Time to sell everything you got and get out of crypto.
Guess the dream is over.
LOL!
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01-09-2022
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Activity: 8% Longevity: 41% | | Re: Crypto Blowing Up Quote:
Originally Posted by agent006140 Looks like Bitcoin will be below $40k next week,it is not an inflation hedge nor is it a store of value.
you could be looking at $28K sooner than later.
Fed will stop buying treasuries and raise rate 3-4 times in 2022,first one could be as early as March 1. | Give it a rest ....
It's just whales trying to get in at a good price. It will bounce back up in no time.
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