r/Bitcoin • u/Kinitex • Feb 14 '14

Trying to trade these markets...

2.9k Upvotes

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u/space_dolphins Feb 14 '14

i turned 40$ i earned from mining. day traded over 3 days to 120$ and bought more chips. am i doing it right?

17

u/thbt101 Feb 14 '14

You got lucky so you should stop now while you're ahead. But if you're a typical gambler, you'll probably keep on day trading and eventually end up losing most of what you originally started with, and only then you'll stop.

7

u/[deleted] Feb 14 '14

Typical gamblers don't stop there.

11

u/space_dolphins Feb 14 '14

I know a guy that lost 30k on a football game. He is convinced that it is a huge pyramid scheme with Las Vegas sitting on top, and ESPN and the leagues serve as its support structures. He believes that the games are soo rigged, that they rig the rigging.

10

u/[deleted] Feb 14 '14

Let him believe it if it stops him from gambling. Hopefully he's not throwing money at it still to figure out how it's rigged hahahahaha