bitcoin is funny.
you know it is going to climb so hard it makes you dizzy. you know it. then it happens and yet again and you get dizzy.
you know that between now and new ath there is a lot of gut wrenching corrections. you expect them. then they happen and you are yet again gut wrenched. a 20% daily gain turning into a loss is not the usual investors game.
guys like boblaw have gained and lost millions in the last 24h
you know it is going to climb so hard it makes you dizzy. you know it. then it happens and yet again and you get dizzy.
you know that between now and new ath there is a lot of gut wrenching corrections. you expect them. then they happen and you are yet again gut wrenched. a 20% daily gain turning into a loss is not the usual investors game.
guys like boblaw have gained and lost millions in the last 24h
I respect successful day traders who can scalp a living. Me, I prefer medium to long term trades lasting months to years. You will never be able to predict exact turning points, but identifying a trend and taking a position is not that hard. You just need a piece of the trend, don't get greedy. So far bitcoin has well rewarded the large majority of long term holders.