TERA is not troll, I actually think he is really a nice guy in real life, I do have problems to understand how he came so far with Bitcoin though and how he invested money in it in a first place, he looks like scared to death with each 20$ price move.
TERA is a trader.
He uses leverage on Bitfinex i believe, something I did until I decided it wasn't a reliable enough place for me to to business (i.e. i think trading on this place runs higher risk than I am prepared to take, of one day the doors just closing and/or some hack sell/buy wiping out all my funds).
If he has say $20K, he will be leveraging that up to $45K, which at present prices is about 70-80 BTC?
That makes a $20 move a ~$1500K profit or loss depending which way you placed your bets in relation to the move. No laughing matter. Especially since stop losses are best avoided altogether on these shady bastard margin call farming exchanges.
It's because all you care is USD, and you're scared to death to lose any. I'm trader too, I trade like there's no tomorrow daily and I barely give a damn about 1500 USD as it's only 2-3 BTC, and there're options to make that daily with 20-30 BTC of investment. I specially don't give a damn about that amount when I am hedging my positions to be on the safe side.
1500 USD is nothing for anyone who's in crypto world for few months ans is regular trader. Going mental and losing a shit for that amount in such turbulent market where making that amount is fairly easy is childish. Specially when you usually need few hours or day or two of patience to see prices that put you into green again.
I'm now in some short trades and if price goes up a bit, I'll be far more in red than 1500 USD but I don't care for a second. I'm tradng with pure profit money and hedging against a crash so if things turn against me I'll be perfectly fine to rebuy at loss and keep going. In last 2 weeks I made more money than I'd do in 5 years without crypto trading so if I lose 6 months of that money I couldn't care less. I failed to take 5000$ profit yesterday for few hours of 110 BTC trade, and I'm dancing on edge of going into loss now on 200+ BTC trade now so what should I do - go crazy for it. Well, I won't.
TERA is in similar position, he said many times that he made big profits from BTC trading and I believe he is well into 3 digit numbers of BTC so going into paranoid mode on each small move should not be an option and he looks bit silly when he does it.
So chill the fuck out, both of you, there's no more easy way to make money on the planet right now, why the fuck are you constantly putting yourself under pressure and making your life difficult when there's no reason for it to be like that.
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