Message from @John O -
Discord ID: 392836196964761600
why are we acting like it's completely impossible to do technical analysis and have a successful swing trade lol
or even successfuly mitigate risk while capitalizing on momentum?...
while playing lower to mid cap things with more volatility and having trades that are on a shorter basis you're not going to win 100% of the time, nobody does. You need to have the proper entry and exit strategies so if you do lose (which you will) it's only 2-4%
but when you do win, it can be 3-30% percent or even more
like i said @Jacob join techbud solutions and go in the main voice chat during market open, that can be the best way to learn, just by observing
obviously Google and YouTube whatever you can too
and for the love of god (and your funds) before you even think about using real money... make sure you demonstrate to yourself that you actually can do this right with a papertrading account
Tfw threw $$$ into crypto and stocks without any research and have made a few hundred dollars
👎
Yeah, money sucks
whats this new currency im hearing about
iota or something?
IOTA isn't particularly new to my knowledge
There's probably a lot of shitcoins released every day
i think the main cryptos will absorb the smaller ones
cryptos can't "absorb" each other
I heard that Bitcoin currently consumes the power equivalent of the island of Ireland, and in 9 months is projected to rival the United States. Does that worry anyone?
@John O That sounds unsustainable.
@DCViking exactly. The whole idea that the computing power required to complete each transaction rises exponentially is insane. It's something that occurred to me a year or two ago, but I just assumed I didn't really understand how Bitcoin worked. Now that other people are talking about it, I'm more confident that the whole thing is going to become worthless
I mean, it's theoretically possible for some big brain developer to make that happen, but I don't see what the incentive would be to go through that whole shitshow
I'm trying to visualize how that would even work
Huh?
I'm not talking about absorption
I guess the Bitcoin code could be changed so that more Bitcoin is created, and those new Bitcoin could be split up and redistributed to the holders of the coin being "absorbed", and the one getting absorbed could subsequently be deleted.
oh okay
I'm talking about computing power
It sounds to me like it's either bullshit or overblown
It's not like Bitcoin transactions just hijack power from unsuspecting bystanders, the computers on the network have to supply that power
Large transaction fees are a problem, though, and I think Bitcoin will eventually be replaced by something with less insane fees and faster transaction
Of course not, but when the computing power required to complete one transaction is more expensive than the actual Bitcoin is when it will fail
oh, so I guess what you're asking is basically about transaction fees
ya those are an issue
It should not cost 16 fucking dollars to send money
More just the feasibility of an ever growing demand for power
Exponentially growing
I mean
People use whatever power they can suppy
So these Ireland comparisons are pretty dumb