Sitting here at the Cafe in Warsaw watching #bitcoin
bite the dust. You have no idea how many crypto fans have tried to pitch this on me over the last year. I told them all BTC sucks, it’s in a bubble and it’s coming down not going up. This is the nature of markets and something not many understand. And something I have been studying for 3 years . People get attached to a story and let everything come crashing down and they just sit and watch wondering “why”. The easy part about investing is getting in. The hard part where everyone fucks up is getting out. Because greed is a very powerful emotion and extremely difficult to control. If you look at bitcoin you can see the dramatic price increase over a short period of time. This is the exact kind of pattern we specialize in at @crypto.diary
. We know... with 100% certainty. That once the euphoria and everyone’s mom, grandma, baby, etc has bought into the fomo there will come a time when everything comes crashing down and the fear and hysteria kick in. It’s not a matter of if it’s going to happen. We know it’s going to happen it’s 100% fact, it has never not in the history of any market, it’s just a matter of when. We take advantage of this exact pattern on a daily basis on individual stocks and it’s called “shorting” where you actually make money when stocks are going down. Buying stocks is actually really hard because that’s trying to predict what’s going to happen in the future. And predicting is impossible, it’s not real and doesn’t exist. We are reactive traders, we react to what’s happening and manage the risk from there systematically. My biggest pet peeve is when people ask me what I think a stock is going to do. Fuck me I don’t know you dumb fuck lol do you? What I can tell you is how I will “react” if it does this and what I will does that. It’s all if then statements in trading. Never predicting like most people think. If you look at the economy, housing, stocks... we are nearing a point where it could come crashing down. Investors.. stay cash heavy! We have a private group with signals! Comment below if you want to hear my talk more about this and how to take advantage of it!