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(1/X) This thread is the trading year of 2022, summed up.
Quoted is what motivated this challenge and what will come out of it.
Start of challenge: 01/01/2022 (Today)
End of challenge: 01/01/2023
A warning from my end, definitely an informed opinion and not certain. Bookmap shows that north of 1.7k #Bitcoin is ready to be used as long liquidity at 38k, a relief rally might happen but IMO, 38k is coming.
I respect Mr Schiff but its not like he doesn't know what #Bitcoin's purpose truly is, a thread:
The real problem with #Bitcoin isn't volatility. Volatility means Bitcoin can't function as a currency, but it makes it very appealing to traders and speculators. The real problem is that Bitcoin has no underlying value to support its price, making a terminal collapse inevitable.
@PeterSchiff 's criticisms of crypto are valid, it is too volatile, too complex, but as I'm sure he already understands that we are in 1999 of the internet for crypto. Come 15 or so years from now, crypto will in fact change the world.
BTW, if I had heaps of cash like @PeterSchiff I wouldn't throw much money into BTC either but as I'm sure he already does, I would definitely dabble.
To anyone feeling discouraged with this PA:
Keep in mind that the longer you are in the game the better you'll get.
Now, I'm starting out like you but...
The best advice I can give (which is helping me a lot) is to journal, journal everything, every crash, every bad trade.
(12/X) If you want to start researching, this week start with distributed ledger technology, an essential part of blockchain tech and it's important we understand it to research cryptocurrency.
(13/X) For Distributed Ledger Technology, I found some resources which might be useful.
-papers.ssrn.com/sol3/papers.…
-investopedia.com/terms/d/dis…




