I’m really glad to hear you don’t think I’m flying off the handle with my approach so far. I mean, like I said, I’m playing with peanuts, but still, losing any money (barring maybe $2 in fees while starting to learn and place orders, this I may be guilty of) isn’t good. When it comes to concepts, I have a pretty easy time staying balanced - I just perpetually assume I know nothing. When it comes to actions, well, I’m more afraid I’m going to make some stupid, anxious, simple math mistake when placing an order more than I fear I’m going panic my way into a bad position.
- I feel like I have some good homework to do. ‘Stochastic’ is one of those words that excites me, because I’d otherwise assume that’s territory only for mathematicians (or, well, traders, quants, data scientists, etc.), but I like sticking my head into things I feel like I have no business sticking my head into, haha.
- As I do bits of beginner’s reading, sometimes I feel like either a) people are bad at explaining things/teaching (understandable - not an easy thing to do), or b) people are just trying to fuel the hype, and get more people to jump in, make impulse decisions, and make the markets even more emotionally driven.
- I hesitate to give any take on this, because I still know next to nothing, but the general vibe I’ve been getting is that BTC has been taking their position for granted. At least, I come at it from a very average/ignorant level, which is to say that I think, “here’s this cryptocurrency that’s managed to get into the minds and mouths of people outside of the very technical, very intimidating world it was born of; here’s this coin that’s seen some mainstream adoption; but instead of carefully fanning the very delicate flame that is public awareness and sorting out the underlying issues with some grace, they’re just…bickering. Bickering aggressively in plain view.” I know it’s not nearly that simple (hence the ‘ignorant’ take), but it just seems like BTC hasn’t exactly been playing their cards optimally, all things considered.
I know I can only do so much, but I do intend to learn and (hopefully) assimilate things in a useful way. So it’s encouraging to hear you think I’m going about (or at least thinking about) all of this in a levelheaded way. And I’m very grateful, because you’ve given me some actionable advice as far as what to be cognisant of and what to look further into. Really appreciate it.
Thanks so much to you both for the awesome comments and thread here. So much to learn and so many exceptional opportunities. I really appreciate your insights and look forward to more as you share more information. Hope you're having an amazing weekend!
My pleasure! Asking questions is easy, and I feel fortunate to encounter people who are willing to take the time to offer advice and thoughts. Hope you're having a great weekend too!