Speculators

This is the bible of speculation. Never lose more than 20% of your bankroll under any circumstance.

For the crypto speculators, stop dreaming about lambos and focus on managing risk.

Bonobos care about how much they will make in crypto. Professionals focus on minimizing the downside. [ATTACH=full]365303[/ATTACH]

It’s actually very simple to make money from trading and betting if you have a model and bankroll .Ni vile tu watu wengi (99% ) are lazy or don’t have the time, resources ,smarts to invest in a model that gives them an edge .Ambia mkenya aweke 5 million mjenge a model ,back test it and they will think you want to con them .

Crypto is very easy to make a killing from.

Really?? If it was that easy 95% of all market participants wouldn’t be losing money. Trading is extremely difficult. If it was easy we would all be driving lambos and using private jets.

Trading and speculation is the most misunderstood business in the world. Everyone thinks its easy and they can do it.

The most difficult part of trading is developing a strategy that can consistently generate alpha. Any decent trader has one or more strategies that they have back-tested and forward tested to prove that they can make money with it net of transaction costs.
It took me over a year to develop one strategy and even then, I still have to fine-tune it now and then. Also, the strategy loses its edge in specific environments so I avoid trading during those environments.
Bonobos think that if you can click buy and click sell, that’s trading professionally.

I don’t see whats hard. My friends and I have all made serious money from this thing. And will continue to do so.

Trading is the only profession where every person in the streets thinks they can make easy money.

This is partly beneficial because professional traders need the general public to come in with that expectation and provide the liquidity for them to close positions. That “easy money” ideology serves a positive purpose of luring the public into the slaughterhouse.

To the public, trading is clicking “buy” and “sell” on your keyboard and walking into the sunset with your millions :smiley:

If you are not a professional trader, you will give it all back and some. Refer to this thread after one or two years. Any idiot has made money in the last 12 months because we were in a crazy bull market. Let’s see whether they will keep it. 2017 winners that weren’t professional traders gave all their gains back in 2018.

Lol whatever you say. Your opinion won’t spoil my millions

Don’t take it personally. I am telling you the truth. You don’t have to like it.

If you are not a professional trader, and you have made some money, you will give it all back to the market if you continue speculating - just like a gambler in a casino.

I have been in this game for a looong time - professionally. People who make the biggest gains are the inexperienced speculators. Unfortunately, they always give it all back when their luck runs out. An inexperienced trader from the streets will use his entire networth on a lowcap sh.itcoin and make 100X return in months. Then the market will turn and he will proceed to lose 98% of that money. Luck is not a strategy.

I bet Iv made more money than you yet I’m not as cocky as you.

Maybe, maybe not. The amount is inconsequential. The process is what matters. If you made that money by being lucky, you will give it all back if you continue playing this game. I don’t understand why you are taking this issue personally when I tell you something that is a fact. If you have been lucky, take your money and go home. Or you can continue speculating without a method and give back all your gains. It happens all the time. In 2017 many idiots made money. They continued trading deep into 2018 and gave back all the gains they once had.

After all that investment in time and treasury a bonobo expects you to give them free trading signals because he “you lose nothing”
Kama our in-house betting model that started as a side hobby cum challenge in the office is proving to be highly profitable but bonobo haiwezi understand that we pay 500 dollars a month for API access. Data ya 1200 leagues

Lipa data scientists, coders and you are looking at a huge investment but bonobo thinks that kuangalia head to head will beat Karauri’s sophisticated algorithms. Smh

We are talking about models here not guesswork. I can bet there are so many noobs who made millions out of luck.How long will they ride on luck?

You cant be a profitable long term trader though without a model. Unheard and will never happen

Post screenshot ya account yako ya crypto uwache kutupotezea wakati. I’ve come to find that majority of these people yapping about crypto have no skin in the game.

A bonobo like @Kibokoyao can’t tell what a model is. Yeye aliwekelea pesa kwa some shi.tcoin last year na sasa ako in profit anafikiria yeye ni bigman bazuu and that trading is easy. What he doesn’t know is that he was just lucky to get in during a strong bull trend. In fact, if he hasn’t sold yet, he will lose those paper gains. If he has sold, he will return thinking that he is a pro akamuliwe all the gains he made. 99% of bonobos can’t tell the difference between luck and expertise. Just like a casino, they will keep coming back until they lose to the house (professionals).

Using bitfinex I presume? USDT is a scam waiting to unravel, you can see for yourself by following the whale alerts on Twitter. Bitfinex just print billions of USDT at a go when they feel like. Chunga hapo

Nimetoa hiyo screenshot. You have enough proof that I have skin in the game. USDT is a stablecoin. It has served me well for years without issues. No. I use Binance.

People make and lose money everyday in markets. Only professionals make more money than they lose in the long run. In the short run, the inexperienced trader can make insane returns out of sheer luck but they often give it all back to the market when that luck runs out.

Call me a beginner, but mi nangojea Bitcoin ikaribie $20k then I jump in with 2m and hold hadi izae 10m after all expenses, maybe pale 2025 after the usual 4 year cycle

Everybody is a beginner. Everyday the market reminds you that you know nothing. Hakunanga pro, just a few risk management rules to make sure you survive to fight another day as newbies lose all their capital.

About your plan, I wish I could see the future but I can’t. Just invest money you are comfortable losing. If you don’t mind losing 2M, sure, go for it. The return will be enough to compensate you for the risk you have taken.