Oddbean new post about login | logout https://media.tenor.com/Srp0D1qOHmUAAAAM/smile-nod.gif
😂🤝
alt season = mute season 😂
😂😂 had a guy telling me how good he was at trading Bitcoin and that it’s not gambling. Super 🤡 insta mute
“trading bitcoin is not gambling” I have a bridge to sell him 🙄 https://media.tenor.com/4nY784FdICEAAAAC/clown-mrrogers.gif
Saylor uses leverage, is he a clown? I've had a futures long since Oct of last year which is currently 2x, is that gambling? Just because you can't do it doesn't mean no one can. Suggesting it's gambling just suggests you don't understand it
C'mon bro, he isn't gambling. He simply draws lines better than everyone else. It's a real skill, similar to when people look at the constellations and birth years. Totally legit.
Totally legit astrology for men 😂😂💀 https://media3.giphy.com/media/jKMt4JQDQSPKlMRW0H/giphy.gif
Bro his stack is way bigger bc trading is easy. He told me.
Sounds like a guy who thinks of his stack in fiat terms, over sats. More sats for all of us 😂
Saylor uses leverage and he has more sats as a result. I use leverage to increase my stack and have been doing so since 2017.
no one said it was easy.
Saylor uses leverage, is he gambling? Just because you don't understand it doesn't mean it's not possible to apply leverage successfully.
To me, there's a difference between trading and using leverage. Many of us have mortgages that we could pay off, but choose to accumulate Bitcoin instead. That is using debt as an instrument to increase our BTC holding. Trading on the other hand, I see as reading charts and attempting to time the market.
Borrowing money to purchasing bitcoin is using leverage, that's exactly right. And what's the difference between that and taking a futures position using bitcoin as the equity? No difference at all, it's all just leverage. I pay less per year for a futures long than you do on that mortgage I bet.
I certainly do time the market. As I've said previously I opened a futures long in Oct 2023 when price was $27,500. I'll be dropping that leverage somewhere in the next 6 to 12 months. At that point I'll probably sell some call options and wait. Bitcoin's 4 year cycles are pretty clear and obvious. It doesn't take a savant to understand those cycles and apply leverage at the right points in time.
