People play with money they don't have to get things to impress people that don't care. :)
You can see the same behaviour on a casino floor. Someone walks in with $500, gets up to $2000, loses $500 of that $2000, thinking it is "their" money, Then uses the remaining $1000 to chase down that $500 loss - before walking out with zero.
The market, and the casino have edges. The edge? They're in on every trade. A single entity is just a guest.
In order for one person to gain money, another must lose it, or exchange it for something that they believe to be of value.
Basic economics, of course. I long ago "cashed out" significantly more than my initial investments into crypto, so everything that remains on the table is "house money". It can go to zero and I will not care.
But I suspect that I am here for a long time, not a good time, and like other markets, time in vs timing - time in always wins.
That is true for leverage trading, but not only. When I read this, my first thought was US citizens living in the US. Everything is bought on credit and when you look into their finances, everything they have is owned by banks and financial institution.
I'm here for both 😎
I buy everything on credit, to collect reward points, so I can buy other things with the reward points. But I pay it off before the statement arrives. I cost them money, I don't know what they make from my data, but I may as well get something for spending someone else's money, before paying it off with my own later on :)
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