Search results

I would say still pretty good if you are Satoshi Nakamoto.

True. But there is always an element of uncertainty in trading like I've explained. At times buy and hold will fare better in a very strongly trending crypto/stock. Case in point, anyone who held bitcoin at the start to now is super wealthy. Like you heard of that guy in the news, oh I had btc...

Why not do both? Personally, I do both then its good to compare whether you can beat buy and hold. This is the article which shows the longer you invest the higher probability of positive expectancy, In fact you can just randomly pick a sample of stocks and see how it does 4-5 years ago and now...

It's not so clear cut, I used to think like you but I have changed my thinking. There are some stocks that will go down and then go up again in the long run. So anytime it goes down it's Black Friday discount. Let's say if you have Amazon, Tesla and Alibaba stocks. Do you really think all of...

What do you mean? If they used stop losses and it didn't hit it would be same result as an investor.

I can tell you this rule is subjective. Reason being with a stop loss you are always selling at a loss. While this protects you from downside risk it also would make you prone to whipsaws. Investors dont use stop losses and most of them are profitable.

Don't daytrade crypto. Just hodl crypto seriously. Crypto market is 24/7 and very fast moving thus no point daytrading it.

Is his strategy viable long term or did he made some YOLO plays and got on the good end of it?

Hodling for crypto is the bestest.

A legit reason a winning trader would sell his method is that his starting capital is very small, so while his method is winning it will take few years to grow to a decent size and he may not have the patience to wait. But this is an improbable situation. Another could be he is selling you bits...

It would be equal to the Mt Gox hack level of implosion. We will go to a bear market for another 3 years and then crypto will rise like a phoenix once again.

Doesn't matter if the ledger is stolen, its just for easy access. There is a 6 digit pin and if something like 5 tries you get it wrong it will be disable permanently. The seed phrase is the most important, just store it in a safe, make maybe two copies and store in two safes would be the...

It will be affected but it wont be the end of crypto

FTX also allows USD and is pretty liquid.

There is always a risk that tether will crash, so if you want to trade it then you have to bear a risk that something will happen. Either that or just simply hodl most of your crypto and trade a small portion so if the even that tether crashes and you are holding it it wont be the end of the world.

To be honest, I don't hold any Bitcoin. I feel it will be good for a few more years but I think its the Myspace/Yahoo of crypto. I hold Ethereum and some other alts. As for rebalancing, once you have a crypto that gets big. For e.g, if you got into ETH when its cheap, now would be a good time...

You can call it divine intervention, but I believe I was lead to holding certain cryptos. Things happened that gave me clues and convinced me to hold for long term so I do not really care what the short term swings are. While the prices of cryptos right now seem insanely high, it will get even...

Is simple not to blow out your account, Just keep trading smaller and smaller if you are losing. The wins will take care of themselves.

Then it is not for you. Something that goes 10,000% increase definitely has the potential to crash 80-90% too. If you want bigger upswings you have to deal with bigger drawdowns too. There is no two ways about it. By the way your coins can't be stolen if you keep in in a ledger. It only be...

It is tradeable and you will make money from it. But there are too many variables and nuances to say for certain you will beat a buy and hold who got in at a good price. Do you go 100% all in in your position size? If so what is the chance you hit your stop loss taking a large chunk of your...