Thread by @ShardiB2

Look at this carnage from yesterday. This is 800k people who are in pain right now, 8.6B lost

Please don't use heavy leverage. You need to think long term here. Think about all the private equity money that has gone into the #crypto industry to build.

$BTC, $ETH

You have to think to yourself that A16z is not raising billions of dollars for 2nd,3rd funds for an industry full of vaporware. Every large bank is not starting a crypto fund and desk because this is all going away. I know lots of people laugh when we say it's early, but it is

While the infrastructure is being built, real world applications for the technology are finally coming to fruition. Bonds on $ETH, #DeFi generally, visa usage/stable coins. NFT's, etc. etc. etc.

The point is, we have a long way to go and you CANNOT get knocked out.

You are down, and want to get back, I get it. But you cannot do it with leverage, now you have to be patient. If you trade here with leverage to 'get back' you will be trading with scared money and we all know that does not work.

This is going to be hard, but it may take you

a year of holding to make this up. Maybe more, I don't know. But one thing I am confident of, is that we have exponential gains still ahead of us in the coming years, and if you have exposure still you will benefit. Nothing guaranteed of course, but with usage up like 200x on

$ETH this year, I want to own that 'company,' for example.

SO, where does that leave us? Quality projects that you can buy and hold. I have chosen $ETH as I feel it has the best risk/reward opportunity.

Can shitcoins make more/go up more? Of course they can, BUT, as you saw

they can also go down 75% in a day. And if it's bullshit, they are not going to sustain a comeback.

I'm rambling, but I have been here a long time and I my HODL accounts that have been here for years are still up exponentially. Think, I went HEAVY into $ETH at $200 last summer.

Tweeted about it and even moved some of my coveted $BTC cold storage that I would 'never touch' into $ETH. Those accounts are still up 15x, and I am not selling until at least 20k. Will there be dips and vol, sure, will it matter long term, no.

Now, if you do want to trade, here is what I would recommend. Take a small portion of your funds and start a new account. I have an account at Coinbase that I show you guys that I only use for trading vs. my HODL accounts. I start small and work it up. Because it is small

I risk manage the shit out of it. Example, I was in cash for the dip. I buy dips and sell rips there, different strategy. If you have a larger account and you trade within, chances are you will become careless, not risk manage properly, get comfy, use margin and get blown up.

This is why I separate my accounts. Try not to look at the HODL ones, and only trade the smaller ones. I then take gains from the smaller accounts, move them to the larger accounts so the trading account still is small. If it gets too big, I get careless.

Position sizing is paramount!!

I have worked with too many traders in my life to know that it is a zero sum game for most. Most get blown up.

This is nickels in front of a steamroller. Pick them up safely a few times, then get rolled over.

So what's the moral? HODL.

HODL HODL HODL QUALITY.

If @RaoulGMI and @RemiNGMI are right (I think they are) and we see 20k, you will make it back. And it may take less than 10 months. So buy, hold, chill, and enjoy your life.

The stress with margin trading is not worth the money.

You will lose your family, friends, health and more... IT'S NOT WORTH THE MONEY. You will find another way to make money.

Trust me, I have destroyed relationships personally over this. It's not worth it.

Buy, hold and be merry. It's the only way.