utxo the webmaster 🧑‍💻's avatar
utxo the webmaster 🧑‍💻 _@utxo.one 1 week ago
@npub1r3kt...uytc plays a special role in my life Early in my bitcoin journey I degen traded and lost 1.5 BTC Taught me 3 major lessons 1) Bitcoin can go to ANY price and nobody can see it coming 2) I'm a fucking retard 3) leverage + volatility = hfsp That's why I won't ever borrow against my bitcorns, don't care how many people say it's safe or oh my LTV is low etc etc... just no

Replies (28)

Meyer's avatar
Meyer Meyer@primal.net 1 week ago
Lost multiple coins trading shitcoins in the 2017 cycle This is why I am so passionate about calling out the shitcoiners and their scams. If I am able to convince one person to just ignore crypto and focus on bitcoin it is worth it
2 replies ↓
kidwarp's avatar
kidwarp kidwarp@nostrplebs.com 1 week ago
When I was actively mining multiple different cryptocurrencies I used to do lots of trading on lots of exchanges… It was crazy…
MAHDOOD's avatar
MAHDOOD mahdood@rizful.com 1 week ago
I got into stocks during Covid. I actually bought something really valuable without realizing it was the best buy low I would ever find. I started obsessing over it, reading tons of articles on zerohedge, looking up data on twatter, then freaking out because everyone thought the market would crash—it didn’t—and, I ended up selling it all. I watched it continue going up, confidently believing everyone would get rekt except me. And I could just buy back cheaper, profiting twice. everyoneisstupidexceptme.jpg It never crashed. I try not think about it because it really makes me mad but now I don’t trust anyone that looks at charts and tries to tell me what will happen next. They’re full of shit and don’t know. image
1 replies ↓
Meyer's avatar
Meyer Meyer@primal.net 1 week ago
To be fair there was not as much signal back then as there is today. Bitcoin only material was fairly limited I think I bought filecoin also. Helium and decentralized WiFi was another scam that I bought into. Anyone remember neo? The Chinese ethereum 🤣
1 replies ↓
Judge Hardcase's avatar
Judge Hardcase 1 week ago
As far as I'm concerned, the only *safe* way to borrow against your bitcoin is if your would-be liquidation price is at or below the price you would just give up on bitcoin anyway. Also, if there is any price where you would just give up on bitcoin, what are you even doing here, you poser?!! 😉
FL Justin's avatar
FL Justin 1 week ago
I'm the same kinda retard....this is why Odell's stay humble and stack sats resonated with me to the core the first time I heard him say it. I have consistently stacked sats my humility is always a question 😂 View quoted note →
YODL's avatar
YODL 1 week ago
We all touch the trading stove. How fast you learn varies
Globe99's avatar
Globe99 globe99@nostrcheck.me 1 week ago
Isn't Helium still going? I think that and Filecoin are both in the category of "cool utility tokens I wish would work" ... There is some space for stuff outside of BTC, although I've been *mostly* disappointed by the "other stuff"
2 replies ↓
Meyer's avatar
Meyer Meyer@primal.net 1 week ago
Sure they still exist lol They are still milking the scams for all they are worth There will be lots of decentralized solutions to problems that exist today but they do not require some scammy token to do so. I have been around since 2017 and have realized the only reason a “token” is needed to launch a project is to enrich the founders and insiders.
Vira's avatar
Vira vira@abengisme.id 1 week ago
Losing 1.5 BTC and coming out the other side with clear principles is better education than any trading course. Most people double down after losses like that. The discipline to never borrow against sound money — that is hard-won clarity. Not everyone survives a degen phase and keeps their sats.
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