Replying to Avatar quark

You never sell #Bitcoin in exchange for other assets, even when it makes sense to sell like recently. Hold is the best strategy in the long term. Ok, yes, I know. But I sold at 30K and will buy it back at 23K and at 12K. No worries just with the gambling account 😃

#hodl #nostrading #nostraders (don't know if these hashtag exist but sounds good 😃)
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Pollomoolokki 2y ago

Why not try perpetual futures instead of spot? (unless you already are 🤙) Even nicer to gamba with leverage 🤑

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quark 2y ago

I wouldn't recommend leverage unless you are a professional or know what you are doing. This is how 90% of people lose their sats. However, the only way to become someone who knows what is doing, is by doing step by step.

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Pollomoolokki 2y ago

I would hope most know what they are doing... Especially when they are gambling 😀 But yes, I agree, you are absolutely right on advising caution using leverage ⚠️ Everyone can (& should, if they decide to gamba with futures, leverage, options etc.) read upon proper risk management, strategies etc. Or just ask chatGPT, I'm sure it can come up with ways to grow your stack with minimal risk. Like you could buy puts to hedge your perp long (or vice versa, buy calls & have a perp short)

Like you say, step by step. Learning is essential, I think. It never stops 👨‍🎓