Actually I never said I was smart I’m just giving my trade opinions if that make me look like I’m trying to be smart then thank you.
What I earned in crypto I never stated, but don’t forget I’m grinding the bitcoin space since 2012 and I also lost on this alt pushdown maybe not a lot but still. The recovery will be great in alts.
And no I’m not trying to be rude or anything just a market can have 2 sides the bulls and bears and this can switch a lot. Eventually trading brings food on my table cause it’s my full time job. And people know me for not being ashamed for taking a side. And also the side can change in time.
Can’t speak for anyone else, but trading has only ever cost me money relative to hodling - in the long term. Even when I win on a trade I inevitably find the currency I settled in to falls behind the one I sold out of at some point. Trading is a tough way to make regular income. It can be done, but to my mind the opportunity cost of not having your capital tied to the full length of any bull-run is too high considering the inconsistent returns from using your capital to bet which way the market is going on any given day or week. Which is tough and has only been ‘easier’ in crypto recently because a rising tide lifts all boats… and still benefits investors more than (90% of) traders imo because investors don’t miss any of the gains on any of their horses, even though they do adsorb all the losses too (no biggie in a bull market).
I made some money trading, but I would have made a lot more if I’d never ‘traded’ and left all my investments as they were. I remember making a wedge selling my last 5k Eth @ $7 having bought them at $0.70c. They seemed overpriced all the way from $10 to $400 after that I felt like a winner for a few days. Now I hold my last 200 Eth and it’s worth more than all those 5k I sold. Same story with half a dozen other coins that I settled profit from in 2015/2016.
I’m prepared to accept the fact that perhaps I’m just a rubbish trader and lucky investor. I do also make the very occasional and small trade even today, so I’m not 100% against all ‘trading’ as such. I’ve just learned my lesson the hard way. If you’re sitting on the cusp of a huge disruption you don’t want to be jumping all over the place because it seems to have been way easier to miss big waves than it is to predict and catch them.
I can appreciate things look different if you need an ‘income’ from crypto. but there’s a good reason Roger Ver has more Bitcoins today than any of the traders he bought them from in 2009. He simply accumulated, waited and ignored the short-term price noise in favour of fundamentals.
BTC downtrend or just a small dip? Is it possible for this now mammoth sized coin to even have that big/huge of a downtrend? Like you don’t see the dollar lose half its worth all of the sudden. Just saying BTC might be more slowly becoming like that. Or, maybe not, especially if alts have a comeback—seeing as those are its direct competition (which feels like people have forgotten).
According to a TA trader I follow, BTC’s last two major corrections were both approx 35%, spanning something like a week or three. I doubt just because it’s doubled its market cap that it is immune to a similar move. 8k to 5.5k wouldn’t seem absurd to me, for example. Whether Maid will rise at least in proportion, we will see.
Edit: I see it already is, which is marv. Onward you marching alts!
Ah… Crypto is great, especially in the early years of a coins existence. Look at how the early bitcoiner community took on a whale. Nice read.
As a long term hodler, happy with my initial buyin, taking cheap coins has been a pleasure - and I’ll be right here waiting to take more cheap coins, as so should the rest of us.
Accumulate, accumulate, accumulate - wait for the actual release of safe coin before considering selling /trading. We’re all early adopters. Don’t stop to pick up pennies infront of steam rollers. If someone wants to flood the market with cheap coins, say thank you, and buy them, don’t be shaken out.
After the Parity wallet news, move toward security and anonymity in cryptos - Dash, Monero, etc and Maid included in this group got a little pump - apparently some still remember us!!) Maybe it’s a good time to send u a few marketing flares!
Maybe the criticisms directed at you are because you have been sounding like a broken record. How many times are you going to repeat yourself? Look, we get it… you sold high and are buying back at lower prices. Good for you! Given that this is a trading topic, it would be far more constructive to offer fundamental or technical analysis of price movements.
I felt like a winner for a few days. Now I hold my last 200 Eth and it’s worth more than all those 5k I sold. Same story with half a dozen other coins that I settled profit from in 2015/2016.
