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All moments › Lost It All in One Trade. Made Millions Back | Ft. Ponzi Trader

Money on exchange remains at risk of redeposit; converting to real assets prevents impulsive re-gambling.

From Lost It All in One Trade. Made Millions Back | Ft. Ponzi Trader · jumps to 17:17 · speech

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It's like that money's out of the market, it's dead to you in a sense, it's no longer crypto money. That's real life money now. And I think that's something that a lot of people can learn to your point about timing the bottoms and tops. A lot of people I think early on in their career are still gambling, so they're trying to buy the bottom, sell the top, turn a little bit of money into millions. But as we've seen just over the last few weeks, if that money remains on exchange, if it remains in crypto and you never cash it out, even if you close the trade, that's still money that you have at risk in my opinion. Because all of us are gamblers, regardless of how systematic, process-oriented you might be, if we got access to the money, all it takes is one bad decision, that money's now back on exchange, all of a sudden you're doing something you shouldn't be doing.
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