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RE: Pennies on the dollar

in LeoFinance3 years ago

There are people who don't buy, waiting for the price to dip.
Then there are people who sell, thinking that they will get in at a better price😅
Then there are people who short, because they are sure that it will drop, and they want to get in at a lower price.

When bitcoin was around $11k, my friend shorted because he wanted to get in at $9k. He was sure that bitcoin will be around $50k in a couple of years. But he was more sure that it has to go $9k first and then move upwards😵

He got liquidated ~$10k loss.

If he had just bought and held, it would be $40-50k profit.

Of course I have made my share of mistakes. But not in this bull run😁

Also, congrats for the worth of your account, and that 9$ vote value. Looks like your years of efforts is beginning to pay you back a little bit.

And I love your subtle goals🤑

If I sell it all at 10 dollars - it will be worth 10 million dollars.

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Everyone wants to paly the game, which is great - but too many people maximize on an "all or nothing" schedule, rather than taking a percentage approach, with some gains, some protection, ,some risk and some stability.

If I get to be worth 10M one day....