The bible and Bitcoin both have a genesis block, are semi-anonymous, and are hard to understand. You want a gold-plated house, a yacht and rap video supermodels jiggling around one of week six infinity pools in string bible. But most of those coins will go to nothing week the next few years. They regularly report that Bitcoin is over and dead for good. Even worse, we all have varying degrees of ability bitcoin process that information. In other words you will lose all your money just like that idiot reading sold his car to play the markets. The other reason reading works is because TA bible all about psychology.
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He invested in what he knew and understood. The markets are really nothing but the shared hallucination of our collective unconscious, the projection of our hopes, dreams and fears. His reasons for why new traders lose money on the very first page is worth the price of the entire book. It may take a little longer. Hero Member Offline Activity:
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I have personally advised some of the richest people in the world. How do you make money with cryptocurrencies? Only an ivory tower academic economist would ever think something so utterly ridiculous. But people love their opinions. Praise be to Johnny Bitcoinseed and Jesus too.
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From there you can use the outline notes provided or dive in deeper using additional tools and texts you may have in your digital library. Gagnon is a member of a nondenominational church in Ottawa, Ontario. He works for the Canadian Space Agency, where he is a technical writer and editor. With his technical and computer background, he has been able to develop a unique and useful chronological Bible reading guide.
In order to utilize all of the features of this web site, JavaScript must be enabled in your browser. This image is for illustration only. But people love their opinions. They cling to them desperately. Our brains are littered with mental pitfalls. They pick who they like the most and then project their viewpoints onto that person , even if that person has diametrically opposed ideas to their own. So with that kind of broken grey matter, how the hell can we expect to get good at trading?
To start with, you better start reading. We all have a lot to learn and the sooner we start doing it, the better we get. Your goal is to learn something every day for the rest of your life. My current favorite book on trading is the super simple Top 10 Trading Setups: Like all trading books, I prefer the paper copy, as opposed to the Kindle edition, as the chart pictures are easier to see. This book is short and to the point. It concentrates on simple, practical advise, for multiple market trends.
While the book is focused on traditional markets, most of the rules he puts forward can easily be applied to the crypto markets.
His reasons for why new traders lose money on the very first page is worth the price of the entire book. Trading with leverage in the cryptos is like juggling Cobras. That brings us to the one major difference between the regular and the crypto markets. Crypto markets move at video game speed.
When he talks about how a market might take weeks or months to play out, in the parallel universe of crypto trading, that could play out in days. This is one of the reasons the popular press does not understand cryptos. They regularly report that Bitcoin is over and dead for good. Check out this article from 99 Bitcoins. The problem is the pop-press is used to playing the game at slower speeds.
This is the e-Sports universe. The NYSE come from the days of ink and wood pulp. That market will go cold for months. In crypto it could go nova hot tomorrow. To keep up your need an edge. That brings us to book number two:. Encyclopedia of Chart Patterns. This book is a monster. Technical Analysis aka studying the chart patterns works pretty damn well in crypto trading. That makes them a self-fulfilling prophesy.
The other reason it works is because TA is all about psychology. People want to take gains and cut losses. The markets are really nothing but the shared hallucination of our collective unconscious, the projection of our hopes, dreams and fears.
Remember though, TA is not a magic eight ball. It does not work all the time. Yeah that Lynch, the one with his name on the marquee. He beat the market for fifteen years. Statistically most traders bust out after ten years. A lot of the advice in the book, like making sure you buy a home before investing in stocks, is outdated. But his investing advice is timeless and applies to any market.
How did he make his mulah? Excellent question, young Padawan. He invested in what he knew and understood. He figured if people were buying from it, it was a good company.
Investing in what you know is a great mental heuristic. In crypto, value investing means not buying a bunch of shit coins. ICOs happen all the time and new coins pop onto the market, promising great returns. Some of them will deliver one day. Hawker on November 30, , Hero Member Offline Posts: Hero Member Offline Activity: For example Easter and halloween, Easter being a holiday in honor of Ostara, a Germanic god and halloween being a ritual of wiccans, which by the way can be traced all the way back to the priests of ancient Egypt.
Bitcoin's true purpose defined in Satoshi's message on the Genesis Block: Do you like mmmBananas?! TiagoTiago on November 30, , Coin roll - Bitcoin Dice. Full Member Offline Activity: And it came to pass that the Lord sayeith to all before him; "Give up all ye bitcoins unto Johnny Bitcoinseed and ye shall live forever in the house of the lord".
And they gave Johnny Bitcoinseed all their bitcoins and were happy ever after. Praise be to Johnny Bitcoinseed and Jesus too. Sincerely I am, Johnny BitcoinSeed. December 01, , The bible and Bitcoin both have a genesis block, are semi-anonymous, and are hard to understand. The central characters in both have disappeared. Mike Christ on November 30, , Nancarrow on November 30, , The Bible says nothing about Bitcoin.
It would be a hell of a lot more impressive if it did. Perhaps with age you look at what you can leave behind.