True. If it was easy everyone would do it and very few people make money long term in trading. Those that do make millions.

You trade altcoin futures? You are a braver (more skilled) man than I. I trade altcoins but without leverage. The only futures I would trade are bitcoin futures. Alts are twice as risky because there is coin-specific risk and bitcoin risk. That's two layers of risk to deal with, which doubles your chances of getting stopped out even when you spot good set-ups. If it works for you longterm congratulations. I might borrow some tips. Personally, I will only start trading altcoin futures when they decouple from bitcoin i.e when bitcoin risk ceases to exist. As of now, if bitcoin dumps, 99% of the alts dump too so it's not a game I would risk playing with leverage.

DCA is not a strategy . It only works during the early stages of a bull market. The problem is, nobody knows how long a bull market will last. Imagine people who dollar cost averaged alts in Dec 2017 they are still underwater 3 years later. DCA is the type of knowledge availed to the retail market. It won't make you money unless you are very lucky to invest early in a bull market. In other words, you are putting yourself at the mercy of the market.

2-3 coins can offer massive gains, or a massive drawdown. That's extremely poor risk management. . On the flip side, you can hit a home run for the same reason (poor risk management) which then reinforces bad behavior because you get positive affirmation for poor risk management. So, don't try it with your life-savings. I will tell you a short story that happened about 2-3 weeks ago. I had a position on a coin STRAT on binance. The coin announced a migration to another chain or something (I'm not blockchain tech savvy). Trading was postponed for a week or so. When trading resumed, the coin crashed like 50% and was trading under a new ticker symbol. Now, imagine if I hadn't managed risk well. That would have been a 25% drawdown if I had the entire blockfolio in 2 coins. Shitcoins also get hacked often etc and unless you are an insider, you never know the integrity of the developers.

I would ask any trader, before they begin trading, whether they have a strategy with a positive expectancy/statistical edge, because that's the only way to make money long term in markets. Trading is a mathematical endeavor. Any pro will tell you his win rate, risk-reward, and maximum drawdown. Anyone who can't tell you those figures is a typical retail trader/gambler. Gamblers make a lot of money but they eventually lose it to the house in the long run. Most retail traders who made money in 2017 gave it all back in 2018 and 2019. Everyone makes money in the short term. Only professionals make and keep the money long term.

I exited BTC too early. I had done my calculations and concluded that a further run above the 15k level was highly unlikely. Obviously, I was wrong. BTC had taken some steroids as alts were chilling in the blood basement.

The good part of the story is that I loaded up heavily on alts at the blood basement and ground floor when nobody wanted to buy. So, I have ended up performing better than I would have on the BTC trade

Now that we are in the seventh floor, the plan is to offload to the herd who will fomo in bigly in the twentieth floor and let them enjoy the free-fall back to the basement

Moral of the story: DON'T LOSE YOUR SHIRT

the market is hot now, this is not the time to take a break. total degeneracy encouraged! :D

Well November ends on a wild note.

Forgive my ignorance... but of BTC is an alternative/new currency to repace the centralized currency system aka federal/central banks, why are we using the centralized currencies to to buy and sell BTC? Can we buy BTC using BTC

Pyramid scheme

Btc defiantly and shamelessly breaks the 20k resistance.

5 years from now people will look back and ask "How could you not see it? Bitcoin is so obvious!"

Broke 25K on the 25th.
Attempting to break 26K on the 26th

Happy holidays
Get your whiskey from @Sparkly

I’m loving it. Bitcoin has never disappointed me. Predicting $40,000 by next Christmas

BTC hitting 28k, ETH is just starting to pick up steam and the alt markets will explode in Jan 21. My man Jones got swallowed by the chop it seems.
Senior members on this forum told you to enter the NSE casino because crypto is a scam. Alas!