1/ This is not to laugh at shitcoiners. But let this be a lesson. A lot of you guys claim to be “traders”. But see, I’M a trader. I trade stocks full time for a living. And what you guys do is NOT trading. A thread 👇👇👇 #XRPCommunity
2/ Trading, by definition, is “using price actions to find the highest probability edge, and using RISK MANAGEMENT, take calculated bets in the direction of the market”
3/ ALL self respected traders would have walked away from a chart that looks like this a million years ago. While would they waste their precious capital, not even to lose money, but to lose opportunity cost of deploying it at better investments/trades that can make them income?
4/ You guys are married to the bag. You’re an INVESTOR. And a horrible one at that. Yes, we all held #bitcoin through a bear market. But we have the previous two halvings to give us probability that it would survive. These shitcoins, don’t.
5/ And even worse, you cry and blame Bitcoiners for your losses. "how insensitive! people are losing money!" We warned you for years, you told us to suck your dick and xRp ThE sTaNdArD, and now you're playing victims?
6/ Your paid group leader trader MIX trading with investing. Holding a heavy bag and then using technical analysis to justify it, seeing what they WANT to see. And ignore the obvious, screaming downtrend. Only thing you should be doing with a chart like this, is to short.
7/ You can’t mix the two. Either you’re an investor or a trader. Pick one. It’s like either you choose marriage or a life of one night stands and hookers. Can’t do both. Your wife wouldn’t like that.
8/ Any self respecting trader KNOWS, as soon as the trade goes against you and you lose 1-2% of your capital MAX, you get out and move on. You guys are buying falling knives, going all in, even on LEVERAGE. staring at the charts pulling your hair out. That’s not "Trading".
9/ And as far as XRP goes. Why would you want to buy here? It’s in a long term downtrend that just broke MULTIPLE supports into the abyss. PLUS the litigations would take years to resolve. COULD it bounce here and go parabolic? Sure. Market is irrational.
10/ In that lawsuit timeframe, more exchanges could delist it, more lawsuits could arise, founders could exit scam, etc... who the fuck knows. Why would you want to risk that? There’s so many other ways to invest your money.
11/ This is why trading gets a bad rep. 99.9% of these paid groups SUCK DICK. They make money from your memberships, not from trading. Please trust me when I say that. I welcome anybody to send me documents that prove otherwise. PAPERWORK.
12/ Check out this guy, going long AND short on BTC apparently all within the span of an hour. Not to mention his little XRP sympathy cry. I don't wanna see another maxi co-sign this dude again.
13/ How about this one? Calling for BTC to hit $6k in December 12th (among other things), got lucky that XRP just happened to tank, and started celebrating with his followers circle jerking calling him an oracle. How bout those 6k Bitcoin eh? when are those coming around?
14/ TLDR: either you believe in XRP and you’re an investor, or you “trade” XRP, in which case you’re horrible at it because you should have gotten out years ago. XRP could go higher? Sure. Market is irrational. (Ie: HERTZ) But probability, as of now at least, is unlikely.
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