Replying to Avatar Sergio

Nice man!! You feel safe with that in WoS? 🤙

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Brother I've been liquidated for 5 digits I. The past and have lost an entire bitcoin. Nothing can stop me😉

Wow 😂, remember that I’m always open for zaps 😆, stay safe brother

Oh man! An entire btc?! How’d it happen?

Probably the bitcoin crash from $60,000 to 18,000

Sent to the wrong address

Wow, who’d you send it too?

At the time do you remember how much the 1 btc was worth?

10k

10k US dollars?

Yes

At the time I made that 1 btc by trading 100 ltc when it ran up in 2017. It was like getting a free btc. But it still hurt. And I learned a lesson early on. I've made all the mistakes. But now I know what not to do.

That makes sense

Post yours please mc4

Yeah, hopefully you have a reliable phone and backup

I am willing to lose because I know how to make it back.

How do you make it back? What do you do rich guy 😂

I bartend. I also understand margin, cycles, risk management.

The difference between gambling and investing is the time horizon.

Be consistent, be methodical, make small advances that amount to the big picture.

You’ve got multiple bitcoin to lose from bartending? 😮

Lol, no. What I'm saying is bartneding allows me to buy more bitcoin because people drink when they are happy, sad, or indifferent. I direct deposit half my paycheck in to BTC every week. And I've been buying for 7 years and have only not bought 2 times in those weeks in 7 years

Wow, sounds kind of risky nowadays with where it’s at and the gov trying to kill it

With great risk comes great reward. You can't win big if you don't risk big.

Yeah

You mention the knowing difference between investing and gambling. Would you consider taking big risk as gambling. I think it depends. Whats your view? This is an answer i always have trouble answering myself.

If you gamble use small amounts. If you win, remove your initial investment. If you reinvest your wins, reduce the overall risk.

Its easy to make money, it's hard to keep it.

Thanks for the advice brother!

Great advice 💯

Think of it as a bucket filling up with water. Of ot starts to over flow take some water out into a other bucket. It's never wrong to take profits.

That’s smart, thanks. And if you are reinvesting what you already earned from investing, it’s not a huge risk, at least not as much

Make three separate portfolios. Long term(cold storage, savings), medium term (less risk), short term (degen mode, big risk with small amounts). Funnel the profits down the risk curve.

If your initial amount doubles, move it down the risk curve. Every time.

Copied and saved this, thanks i

Pleb talk. Followed 🌽🤟

Damn bro I’ll be following more of your advice. Need to learn from you. 😂🤜🤛