Trading BTC can beat HODL

[Tokenz]

OK Thanks any way. I didn't know what you were talking about or I wouldn't have asked.
Aside from crypto being 24/7 (which makes it easier to control risk) I couldn't see any difference. Mind you I use the same rules for trading every thing.
Lazy people make the best traders, they find the easiest way to get things done.

Bitcoin is more volatile than traditional markets, therefore having a stop loss can be expensive and falsely set off by manipulators, so it's better to have a phone alert system. Exchanges also know where everyone's stop is at, and I also believe they are the ones responsible for falsely executing the stops. When I trade all I use is phone alert, you will spend more money from having false stops than 1 big loss. The only time I use a stop is when I'm getting ready to profit

 

[JackMorgan]

The cost of phone alerts will eat up most of the extra gains from timing.

 

[Ed48]

The last sale was at around 47k. down about 35% from the top.

I doubt many investors could stick with a system that required them to exit after a 35% drop.

 

[cesfx]

There's definitely a different set of rules when trading crypto. I tried trading normal stocks after trading crypto, and I hate to say it, but it was extremely easy.

If that's the case, I would drop crypto and become a gazillionaire trading stocks...

Easy is great, extremely easy is fantastic, why bother doing anything else.

 

[virtusa]

That $73,000 would have been $250,000 back in November.

Hodlers always say : a loss is not a loss until it is taken.

I say: a profit is not a profit until it is taken.

 

[virtusa]

I doubt many investors could stick with a system that required them to exit after a 35% drop.

So you confirm that hodlers are no investors.
They are no daytraders either.
So what is left is gamblers.

 

[virtusa]

 

[Ed48]

So what is left is gamblers.

Not just with crypto. Meme stocks, tech, Robinhood, you name it. Everything in recent years has been get rich quick gambling. It's what happens in the late stage of every bull market.

It's all unraveling now though.

 

[deaddog]

I doubt many investors could stick with a system that required them to exit after a 35% drop.

That may be true, but the debate is can trading beat buy and hold.

What I have given you is a very simple system that will outperform.

 

[virtusa]

Not just with crypto. Meme stocks, tech, Robinhood, you name it. Everything in recent years has been get rich quick gambling. It's what happens in the late stage of every bull market.

It's all unraveling now though.

I don't agree.
In crypto's they are ALL gamblers.
In stocks, forex and futures there is only a minority who gambles. And probably many of them are also crypto gamblers.