I'm a Cryptojew AMA - watch me trade (sometimes poorly)

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1. What is the best meme currency?

2. What made you decide to get into crypto currency?
 
So what work is actually being done here? What is being done in order to receive this magic money?
 
___- said:
Is it possible to do this on a budget?
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Depends what you want to do. My mining tutorial is intended to utilize hardware you already own. If you want to buy BTC, go ahead, don't trade anything you can't afford to lose. If you want to try day trading, you don't need much money because high leverage is available at places like Bitmex (warning: this is a great way to lose all your coins).

Personally, I've never bought any crypto with fiat. All of my crypto comes from mining and trading what I've mined. Everything is pure (unrealized) profit for me. I try to think of it as a game to accumulate more bitcoins, it's all funny money to me.
 
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Realistically: Should I buy into Bitcoin and hope it moons? Or should I just be happy with 150% gains max.
It seems to me like a bubble about to burss, but I've been thinking that since it was 100 usd a pop.

Based on my earlier questions, am I just too pussy to gamble on bitcoin? Does the gambler's fallacy apply to my thought pattern here?
 
Roasted said:
Realistically: Should I buy into Bitcoin and hope it moons? Or should I just be happy with 150% gains max.
It seems to me like a bubble about to burss, but I've been thinking that since it was 100 usd a pop.

Based on my earlier questions, am I just too pussy to gamble on bitcoin? Does the gambler's fallacy apply to my thought pattern here?
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You should buy bitcoin if you have none because any bitcoin is infinitely more than none. Not sure if this is really gamblers fallacy because you haven't placed any bets, yet. Yes, it does always seem like "it's really high now, it'll dump any second now", but I've been saying that since $600.

If BTC does start dumping you can always short it using your BTC as collateral.
 
Roasted said:
What is shorting it?
Selling on the dip?
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Shorting/longing usually refers to margin trading, the far more risky practice of using your BTC as collateral to borrow (or just buy/sell a derivative contract like on Bitmex) more BTC to sell. Risking liquidation if you hold onto a bad position too long. Eg. https://twitter.com/bitmexrekt

Sometimes people say "I'm short" or "I'm long" to just represent their overall opinion or portfolio position, though.

I might make a trading tutorial (maybe just a glossary+links), though I don't consider myself a very good trader. I'd definitely avoid giving actual trading advice on this forum. The topic is just huge, different ways to trade, entirely different schools of thought on how to make chart projections (eg. technical/quantitative/fundamental analysis).
 
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AnOminous said:
I would advise stay the fuck away from trading, especially short trading, unless you're really fucking good at that shit already, in which case you need no advice from the likes of us.
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this, this, a thousand times this. I learned the hard way. You will lose your money margin trading crypto. If you are lucky, like I was, you will inevitably, arrogantly mistake that luck for wisdom, and you will end up losing even more.
 
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