Faz's Crypto Thread

I find him annoying myself and he has way too much fluff while he talks. he is just a narcissist. But he also has a lot of great advice that actually works if you manage to sort through the annoying talk.

trading is probably one of the hardest things to master out there. so if you are looking for a challenge look no further.

Day 5 of 10k challenge

$169

the most insightful thing I heard was "consider both sides of the position that you're thinking about making", which is basically just "think", which is always good.

at the same time, I heard "these are the things other people won't be telling you" which sets off the warning bells for scam.

I can believe that if you train enough retail monkeys in TA and then unleash them on the market, TA actually becomes the nature of the price movements of the market (think the emergence of the volatility smile in the late 1980s), but at some point these people are likely to be wiped out because all they believe in is a meme.

"We could have every transaction of FEDGOV auditable on the blockchain"

bitcoin chartz

You have no interest in building that or ever having it developed: you're just a scammer.

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Draws green arrow pointing upwards on the chart after googling "bitcoin price" for the 10th time today

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There enough mathematical underpinnings but it doesn't mean the market is rational and will follow them, see tech stocks

And kind of generally the mentorship sell is a thinly veiled unpaid internship

That middle thing happens a lot. It's a side effect of our society, everyone parrots ideas but in general cannot convey a full picture or lack true understanding to rppvide real insight. Not sure how that means you're being scammed if you can use your brains to verify this new knowledge

Turks were using it to escape extreme inflation

Day 5 of 10k challenge

Uploading: Screenshot_20220523-105719_Phemex.jpg...

you didn't even read what I posted and selected one picture.

Agubar did the exact same thing. It's just hilarious.

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it will happen before we go down more.

We will hit above 32k before we ll see 28k

literally showed both ways here. I didn't claim I know where it would go.

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Well done.

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Also clear difference between the 'builders' and 'investors' In this group. I wouldn't conflate them, only one of them gives a shit about that stuff or trying to implement it and is the less vocal smaller group

Yes, it's quite common for "investors" to throw out some crazy "the true value is in something that will never happen", post a picture of their position right after, and then not get sued.

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this is some of the dumbest shit I have ever read: the trading of open market, highly liquid "assets" as being an investor, in comparison to the "relationship between investors and builders".

"mentorship as an unpaid internship" when the "business" is making money off youtube ads.

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faz should just export whatever data he has on his entire trading history; i am moderately interested in what sort of distribution it forms.

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Didn't know what mentorship you were referring to but yeah that's stuffs generally a trap to get people to subscribe to additional advisement bs like motley fool.

And don't focus too much on the words it's the ones they use but you know exactly what I mean