Kosta Ouzas breaks down why 98% of long traders lost everything according to CoinGlass data. The key to Bitcoin trading isn't swinging short-term moves but buying at value and holding until a real selling opportunity appears.
Around 98% (speaker cites CoinGlass)
You know, the algorithm is not perfect, but we are kind of playing chess, because at the current point in time, unfortunately, around. And you can look this up on coin glass, around 98% of long traders lost everything. Right. So we're not talking about, you know, people licking their wounds and coming back to the market. We're talking about people having nothing left to trade with. And this is typically what the market does. Now, there's two things we're happy to do with this system. The first is to buy Bitcoin at value, and the second is to sit in positions till there's an opportunity to sell. And actually, this is the only way to really play the market, because if you're swung by the direction of what Bitcoin is doing, you're going to find it really, really difficult to make money. And this is why most people lost on that leg down.
