I am into the USD/EUR pair again.
I missed trading that one. Stress-free. Making money whichever direction it goes. Making like $1k with every %4 swing and it does it a lot lately.
Ok, this makes no sense to me. Typically there is a 50/50 chance of a right guess. It is like a roulette. There is absolutely no indication which way it will go. How can you say that you make a profit if you have bought USD and it goes down? Btw, the biggest daily swing I see is 0.5%, which will be annihilated by the difference of buying/selling rates of the banks. If you are talking about the monthly swings, there are indeed two in the last year, but this was unusual. The rest 5-6 swings are under 2%. So you are counting on that these 4% swings will continue? On what grounds? And even if you have a couple more in one year, you will have like 2K-3K profit, if you are extremely lucky.
And then what's the use of getting more USD if it crashes like in 2009 agains the euro? And what's the use of the profit in terms of euro if it crashes against the USD? I don't know, man, it just seems not well thought. You said that you started DCA-ing again and quit TA. I've sent you a merit for that decision. Now you start gambling again with fiat shitcoins which will continue to lose buying strenght because of... wait, what's that noise... brrrrrr. We know why we chose Bitcoin - it is decentralized, a real store of value which will continue to increase because of the limited supply halved in each 4 years, because of the mass adoption, etc. The bigger short-term volatility always turns to huge profits in long-term. But these are the basics which we all should know, right?
Yes the bold part is the best part of this trade. And it is not gambling when you win whatever the outcome is.
I am pretty much %50EUR and %50 USD right now and I can only get fully trapped in either one of these currencies if EUR/USD goes either below 1.00 or goes above 1.20.
So as long as that doesn't happen and keeps going low and high between 1.00 and 1.20 I keep making money because I buy low sell high constantly. Whenever it moves %2 or more. %4 is the total movement. It is %2 + %2. But I actually aim for 2.5%. So total is %5. But %2 is ok too. (Only trading a portion of my total reserves) It is constantly going up and down between this range for years. If it breaks it, it is fine, I'll just get more of that cheapo with my shitty currency.
Makes sense now?
I quit trading bitcoin. I am only DCA'ing it with small money because I can afford to lose that money.
FIAT is crap but that's what you want in the end. It is what people want. It is not going to disappear like most of you here think.
Believe it or not you still calculate something's worth of value with FIAT. Not gold, not bitcoin, not seashells. It is USD and/or EUR. These are the major world reserve currencies and no matter which one you get in the end it is fine. On one side you got USA, god emperor Trump and its major corps like Microsoft, Apple, Google, Nvidia, Intel, CocaCola etc. On the other side, you got EU, I mean Germany
and Queen Merkel and its huge corps like Mercedes, BMW, Siemens etc. As long as we exist, we'll want any product from these companies. And as long as countries like mine exist, there will be infinite amount of interest in these currencies because our currency is well, crap. (It is crap because it is not backed by enough manufacturing power)
USD is basically a stock share of USA, EUR is the same thing for EU (mostly Germany and some France) These currencies get their power from their manufacturing power. They are backed by real companies and work power. What manufacturing power BTC has? Some Chinese making ASICs don't count. Not saying BTC is useless neither but too volatile and unpredictable for me. And it is experimental tech. We are still being ruled by the governments and yes I do believe they can shut that shit down. It won't go to zero but they can make it stay at $100 for a very long time.
Until recently I also was thinking the same for BTC but that %40 drop happened recently scared me. I am back to where I was 3 years ago both mentally and financially when I started DCA'ing BTC . (don't risk more than you could afford to lose) It just made me remember how I used to feel about BTC and I don't really want to forget that feeling again.
I was trading the EUR/USD pair long before I started buying BTC and I made good money there. That's where I went back again. I think I'll keep doing it because it is doo damn easy, risk free and stress free. I quit TA because I don't even need TA to trade that pair. It is just a waiting game.
China's manufacturing power is huge too but they'll either get nuked or some other bad shit will happen to them because USA can't afford that. And I don't really want a world where China is the ruler. Fuck em.
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