Traders worst enemies. Fear and greed. Let's see how simple to avoid ... 🎱 🎱 🎱
It came of course from Telegram. Actually, there is a serious side also. Just because you can park ALL your BTS into a LOAN to buy USD, which you then use to BUY MORE BTS. Doesn't mean you should. Now this was just going to be a meme, and at one point a long-form tutorial (with a less scary picture). Then it became something I have to dive in and go 'Gonzo'🏃 to help explain. So it's done. unofficially, 🏃 think of this post as hanging out after work, shooting the breeze and off the record. My first proper meme also btw. (that's official).
Some start at 3 or 4 times margin. That seems safe. They'll start eating more as BTS goes down, in a downwards spiral. Even finding more money to keep going (at first point, they should just exit). 170% collateral protects the SMART ASSET on the BLOCKCHAIN from the BLACK SWAN. Everything stays fully secure, recorded and BTS token maintains - but YOU have to make sure you decentralize YOURSELF! Borrow $1000 USD on the DEX = have $1000 USD somewhere ready to close it! That simple. Or, think of one recommendation, to aim for once every 1-2 days of profit on 1-2c difference. This can be done in the fluctuations, no moon shots required. Whilst you sit smugly having the same amount elsewhere standing ready to just back yourself up and swot the deal. Crypto: Never. Go. All. In.
🎱 Let's make new rule of thirds 🎳
Nothing to say here apart from keep your eggs in 3 baskets.
Quotes are my own apart from the below, the full inspiration for this post from one of those characters that live in Telegram .... trying to tell them .... Cheers to Ted, the 't*tty gif man' East. Love ya. 🎱 🎱 🎱 's. Well the gifs anyway. And the crazy ex-gf stories ....
So here it is
The bitshares blockchain smartcoins demand 170% or more for you to margin them, that's only to protect itself. So go margin yourself also ...
My disclaimer goes without mention, unrequired for this ridiculously humorous post about how cryptocurrency investing is risky, unregulated and fun if you use a fraction of your reserves to participate in, and research completely. This is a personal post by @rosswlkr / @britcoins with no affiliations.