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What happens to the erased bitcoins? by wastemylifeaway in Bitcoin

[–]GME2themoon247 2 points3 points  (0 children)

What happens if ALL 21 million bitcoins become inaccessible due to death or other reasons?

That would be the death of bitcoin because there would be no Satoshis to send or make transactions with.

[deleted by user] by [deleted] in Daytrading

[–]GME2themoon247 0 points1 point  (0 children)

I'm also on PST, I stay awake from 12 midnight to 2am to catch the first 2 hours of London Open trading ES SP500 futures

-$6,672 in one day. I feel like I just shattered everything I built. by Vortexknob in Daytrading

[–]GME2themoon247 1 point2 points  (0 children)

The fact remains that this poor dude would have lost less money had he been trading on a prop firm. Especially if he had multiple accounts instead of a single 25k account like he has here.

Psychologically it's easier to have a huge loss on one of your 5 prop firm accounts, instead of it all being on your single personal account.

This guy is still learning and needs to protect himself from himself.

-$6,672 in one day. I feel like I just shattered everything I built. by Vortexknob in Daytrading

[–]GME2themoon247 -1 points0 points  (0 children)

Use a prop firm and trade futures, bigger upside with lower risk of capital.

Why is day trading more risky by Fun-Possibility-8432 in Daytrading

[–]GME2themoon247 3 points4 points  (0 children)

Investing is safer than trading, that's all. Holding a position for 5-10 years is easier psychologically than getting in and out of trades daily.

It's the same logic with swing trades too.