This is why most people shouldn’t take leverage. You have to be able to weather the chaos.
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I learned from someone that the reason Bitcoin even fell down is value is due to leverage. When it comes to pay the bank back, people will have to sell. If there's not debt, the Bitcoin will perpetually go up.
Makes sense.
When is the upside chaos, bro? Been a lot of downward chaos since Nov. 2021. And slow, methodical grinds upward. 4+ years. At some point we need a ridiculous, upside pop that shakes the foundation of global finance.
Only the humble will survive
DCA
live under and stack within your means. if you cant pay your bills it will be a rough time.
My favorite is all the "im a maxi but im out" bot/shill posts. Missed these idiots, ty for the signal
My DCA buys every bottom and every ATH.
One thing I’ve never done and will never do is leverage trade but the first time I was offered a million in leverage I wasn’t even old enough for my prefrontal cortex to be developed… that’s when I knew something was deeply fucking broken in our system
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When are you going to have another schizo pod with @Erik Cason
Margin calls season is upon us
Leverage is debt. So the ones who use it, they know they are using other people's money. It is their problem if they lose.
Leverage is for position sizing in order to control risk percentage and that you're not fully exposed to counterparty risk on the exchange.
When the state protects us by regulating how much leverage we can use, for your safety, it actually forcibly exposes us too much more risk.
I cannot imagine using leverage with this asset…
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If you are against using leverage yet spend fiat money you are a hypocrite. There’s nothing wrong with using leverage to accumulate more bitcoin. Especially because institutions are hedging and shorting Bitcoin to accumulate more fiat!
Hodl culture is dogma. It’s going to kill off newcomers and wreck hundreds of people who simply hoard their bitcoin in a vault while banks dump on them and an exponential rate.
At an exponential rate *
Dude I just wanted to quit my shit job and now I can’t help but suck it up and stack more sats
It be like dat
I’m still in awe that silver reversed so abruptly. There has to be manipulation going on.
Yeah most people shouldn’t, so you did right lol
Absolutely lol
Same lol. About to take more tbh