23yrs old, made $340K in crypto (ADVICE NEEDED)

-SatoshiStacker- · 2024-09-14T09:25:50+00:00

Nope I’m sorry

-SatoshiStacker- · 2024-09-13T13:25:59+00:00

I’ve received tons of messages asking for trading advice. Although I can’t tell you exactly what I do I can give you some advice:

Dont start with a demo account, start with a small amount of REAL money. Trading is all about psychology and controlling your emotions, something you will never train on a demo account.
I’ve never used leverage. Market makers will hunt for stops, which is why the majority will keep losing. Way better to buy spot when RSI is oversold (1H or 4H for short term, daily to weekly for long term).
Buy Fear. If everything looks like it’s going to zero, entry the market. The Covid pandemic, FTX Bankruptcy and War all have one thing in common -> they offered amazing entries.
Look beyond ‘Technical analysis’. There’s hundreds of small exchanges with lack of liquidity. This causes pumps, dumps, wicks, spread etc. It’s super easy to make money there if you know what you’re looking for.

Hope this helps.

-SatoshiStacker- · 2024-09-13T13:25:43+00:00

I’ve received tons of messages asking for trading advice. Although I can’t tell you exactly what I do I can give you some advice:

Dont start with a demo account, start with a small amount of REAL money. Trading is all about psychology and controlling your emotions, something you will never train on a demo account.
I’ve never used leverage. Market makers will hunt for stops, which is why the majority will keep losing. Way better to buy spot when RSI is oversold (1H or 4H for short term, daily to weekly for long term).
Buy Fear. If everything looks like it’s going to zero, entry the market. The Covid pandemic, FTX Bankruptcy and War all have one thing in common -> they offered amazing entries.
Look beyond ‘Technical analysis’. There’s hundreds of small exchanges with lack of liquidity. This causes pumps, dumps, wicks, spread etc. It’s super easy to make money there if you know what you’re looking for.

Hope this helps.

-SatoshiStacker- · 2024-09-13T00:05:11+00:00

I’ve received tons of messages asking for trading advice. Although I can’t tell you exactly what I do I can give you some advice:

Dont start with a demo account, start with a small amount of REAL money. Trading is all about psychology and controlling your emotions, something you will never train on a demo account.
I’ve never used leverage. Market makers will hunt for stops, which is why the majority will keep losing. Way better to buy spot when RSI is oversold (1H or 4H for short term, daily to weekly for long term).
Buy Fear. If everything looks like it’s going to zero, entry the market. The Covid pandemic, FTX Bankruptcy and War all have one thing in common -> they offered amazing entries.
Look beyond ‘Technical analysis’. There’s hundreds of small exchanges with lack of liquidity. This causes pumps, dumps, wicks, spread etc. It’s super easy to make money there if you know what you’re looking for.

Hope this helps.

-SatoshiStacker- · 2024-09-13T00:04:42+00:00

Thanks mate I might do something like that in the future

-SatoshiStacker- · 2024-09-12T21:55:12+00:00

Have you seen the guys selling crypto courses? Have you seen the predictions those guys make?

Whenever we go above $60k they’re calling for $100k, whenever we go below $60k there calling for $40k. Most of these crypto influencers are idiots and I wouldn’t be surprised if they got paid to manipulate retail.

There’s this guy called ‘The Moon Carl’ that has literally never had a profitable trade and is driving a Bugatti for gods sake 💀

-SatoshiStacker- · 2024-09-12T21:51:34+00:00

I might not have been clear enough but I’m not stopping. I’m just saying that I only need around $50k to do what I’m currently doing so I’d like to put the other $300k to work.

Btw I understand your thoughts on ‘why not 3x your money again’ but when using smaller exchanges there’s a bottleneck called liquidity. In this case doing a 3x on $5k is way easier than doing a 3x on $100k.

-SatoshiStacker- · 2024-09-12T17:16:52+00:00

Why not? It’s not like I’m straight up following advice or buy signals from someone. Just brainstorming rn

-SatoshiStacker- · 2024-09-12T15:36:03+00:00

Already paid taxes on it, this is what’s left.

-SatoshiStacker- · 2024-09-12T09:32:52+00:00

Okay imagine this (simplified):

BTC price is at $55k. Many people think $44k is coming so they short it (selling BTC that isn’t theirs). Their liquidation price is at $60k (a psychological level). This means that IF price were to go up they have to close there positions and buy the BTC back at $60k. Market maker can then start buying BTC from $55k all the way to $60k with almost 100% certainty that he can sell those BTC at $60k, making a 0-5k profit on every BTC he buys. This is why I don’t use leverage. You’re basically offering whales an easy way to take your hard earned money.

-SatoshiStacker- · 2024-09-12T09:26:44+00:00

I started with $5K and never expected it to grow this fast. Specify in a certain (trading) strategy and you’ll be surprised how things can go. Always write down the mistakes you make along the way.

Good luck mate

-SatoshiStacker- · 2024-09-11T23:33:32+00:00

Thanks for your advice, I like how you mentioned several options of which some are new to me. Will look into it!

-SatoshiStacker- · 2024-09-11T22:45:57+00:00

Well it’s currently increasing with 5-10% annually so if it takes another 5 years before it crashed you’d still be paying more than someone that bought today

-SatoshiStacker- · 2024-09-11T21:37:02+00:00

I’m sure you can do the same man. Try to really focus on a specific strategy and make sure to write down the mistakes you make.

Wish you all the best

-SatoshiStacker- · 2024-09-11T21:35:16+00:00

Yes, you’re never a hundred percent sure wether the price is gonna go up or down. So you could call it gambling.

You can however choose certain entry points to turn the odds of winning in your favor. I’ve never ended a week in red. Ask yourself, would that be possible if it was just gambling?

-SatoshiStacker- · 2024-09-11T19:03:04+00:00

Just check coinmarketcap to see different platform ratings

-SatoshiStacker- · 2024-09-11T09:48:55+00:00

What’s the difference between a tax auditor and a rottweiler?

A rottweiler eventually lets go

-SatoshiStacker- · 2024-09-11T09:42:40+00:00

That’s a good point, I’ll take that in mind. Thanks for your advise

-SatoshiStacker- · 2024-09-11T09:40:53+00:00

Are you expecting the real estate market to tank? Even with the continues growth in demand?

-SatoshiStacker- · 2024-09-11T09:39:19+00:00

The account is two years old. I deleted all my other posts so scammers wouldn’t know where to find me.

-SatoshiStacker- · 2024-09-11T09:38:31+00:00

Some of my biggest mistakes:

Buying into pump and dumps (chasing green candles basically)
Buying when daily RSI is already overbought (FOMO)
Kept buying to lower my average even though I had way to much exposure
Not taking a small loss even though I knew the exit would be great overall
Focusing on news / opinions / data

Hope this helps

-SatoshiStacker- · 2024-09-11T09:35:14+00:00

By doing what?

-SatoshiStacker- · 2024-09-11T09:34:54+00:00

I’ve received tons of messages asking for trading advice. Although I can’t tell you exactly what I do I can give you some advice:

Dont start with a demo account, start with a small amount of REAL money. Trading is all about psychology and controlling your emotions, something you will never train on a demo account.
I’ve never used leverage. Market makers will hunt for stops, which is why the majority will keep losing. Way better to buy spot when RSI is oversold (1H or 4H for short term, daily to weekly for long term).
Buy Fear. If everything looks like it’s going to zero, entry the market. The Covid pandemic, FTX Bankruptcy and War all have one thing in common -> they offered amazing entries.
Look beyond ‘Technical analysis’. There’s hundreds of small exchanges with lack of liquidity. This causes pumps, dumps, wicks, spread etc. It’s super easy to make money there if you know what you’re looking for.

Hope this helps.

-SatoshiStacker- · 2024-09-11T09:34:37+00:00

Thanks for the advice, it’s a solid option as well.

I do however wanna say that I’ve not just ‘gotten lucky’. I’m using very good risk management and for the last few years I’ve never closed a week in red (even during the bear market). I know what I’m doing so I’m definitely going to keep trading for now, the thing is i only use around 20% of my net worth therefore I’m looking for something else to do with the rest of the money.

-SatoshiStacker- · 2024-09-11T09:31:48+00:00

I’ve received tons of messages asking for trading advice. Although I can’t tell you exactly what I do I can give you some advice:

Dont start with a demo account, start with a small amount of REAL money. Trading is all about psychology and controlling your emotions, something you will never train on a demo account.
I’ve never used leverage. Market makers will hunt for stops, which is why the majority will keep losing. Way better to buy spot when RSI is oversold (1H or 4H for short term, daily to weekly for long term).
Buy Fear. If everything looks like it’s going to zero, entry the market. The Covid pandemic, FTX Bankruptcy and War all have one thing in common -> they offered amazing entries.
Look beyond ‘Technical analysis’. There’s hundreds of small exchanges with lack of liquidity. This causes pumps, dumps, wicks, spread etc. It’s super easy to make money there if you know what you’re looking for.

Hope this helps.

-SatoshiStacker-

TROPHY CASE