Yup, I saw your post on this. You are the master of this. I wish I could follow you because I think you do your research and due diligence, but I simply don't know enough about this. I'm sad for not participating in the ETHW coin, but perhaps I will get another chance at a low entry since its come down. Most of my years of study is around trading the ES and NQ, and this I understand well. I just want to be prepared to take advantage of the asymmetrical bets when crypto takes off again. Its crazy to think that after years and years of trying to trade, all I've done is lose money, and there were multiple times where just getting into crypto and sitting on your hands was the best strategy. The Covid lows for sure, but even the lows at 30k last summer. I was literally already looking at it but didn't do anything about it (I think we were even arguing about it already and I was stuck in the FUD stage). Even though bitcoin did just a 2x, other coins had phenomenal runs from just July last year. Oh well.
Oh, one more thing. I realize that all of this stuff might be degen ponzi scheme trading. But I remember a quote that Soros made. He said that when he sees a bubble, the first thing is does it rush into it and blow it up even further. It kind of makes sense. Most people will sit by and wait, watching it get bigger and bigger, and then you end up being exit liquidity for them. So the key with these things is just to be early and have an exit plan.
I drank my Uptober koolaid, since Sept was down and has been historically down for btc, October would have been up from historical perspective, too, but not during crypto winter Anyway, as you pointed out, asymmetric risk/reward The Uptober all-in play if it turned out to be correct, would have been 1-10 risk/reward if btc went to $30K, but only losing the whole account when I got liquidated I have in the back of my mind that it could still be Uptober btc to $30K and higher but I'll have to accept the pain of being liquidated before it hit $30K
Welcome back, let me check META must have bounced along with the stock market.... Check that It's a crypto winter aka as a bear market in crypto. Crypto summer will be back Not META, though, it's on the way to below $100. Prepare yourself