Or until that magical new coin that the idiots think is just around the corner, complete with the hashrate to match for security, all the same features such as being permissionless and trustless, having no pre-mine or VC's behind the project, and the list goes on. I'm sure that fork is just around the corner with miners are lined up to support the network.
Interesting article by Martin Armstrong on the history of alternative (private) currencies: https://www.armstrongeconomics.com/world-news/civil-unrest/18th-century-copper-riots-private-money/ Basically the use of private money begins when there is a shortage of government money. In the case of BTC and all the other coinz it was the reverse: during one of the most prolific periods of QE came the many alt coins that absorbed much of that excess fiat, and allowed people living in oppressive countries a way to get their wealth out, so they could buy real estate in Vancouver or California. Fundamentally, our situation is almost the reverse of the old times when private money was used in other situations. We're in uncharted territory......
"Clean up on aisle 5" someone shit their pants... Drop the MO-Fo Mic kid. Now its Virtusa turn to produce something to back up some of his smack.
You can pretty much count on those who like to brag but don't want to reveal the "secret sauce" or it would lessen their edge are full of shit. The keys to successful trading are to have a thorough understanding of price behavior and development, develop and test a trade plan based on your work on the prior and develop the disciplines to preserve your edge. Price behaves the same for everyone but not everyone does the work to understand and profit from that understanding....all of which take considerable time and effort. There is nothing mysterious about trend flags, Double Tops and Bottoms, retracement zones, wedges etc. etc..Trading the repeatable concepts profitably is a whole other thing requiring that which few seem to put forth the effort required. These forums are as apt to lead a new or developing trader on the wrong track as they are to provide council of value. Caveat Emptor
Exactly right. Its hardly ever the method even, but the psychology of the trader to continue regardless of any one trade outcome. This forum is sometimes a bunch of guys fighting over whose wife is the prettiest without anyone sharing even a god damn sketch! LOL