So lets say there are 1,200 regular traders of the altcoin market. 1000 unskilled, and 200 are of the skilled variety..
Lets look at how unskilled traders shoot themselves in the foot on a daily basis, by only dealing with 24 hr volume. (500 BTC)
This is common sense... Currently 500BTC is worth only $121,325 so ask yourself, if 1000 people are going to battle over $121,325, how likely is it that each of these traders make at least $10,000? ... Well, not only is this unlikely, it is impossible as $121,325 divided by 1000 is a mere $125 dollars... this is a pittance in comparison to the amount of money that skilled traders generate.
Now clearly, skilled traders are in the minority in this market, out of 1200 traders in this market 1000 are unskilled and 200 are skilled players. So lets look at the figures.
As you know, skilled traders employ long-term strategies. Meaning, they will make a trade on May 1, and happily wait until May 31 to cash out. So they have now expanded their net to capture portions of the 14,000BTC that flows into this market on a monthly basis.
Now... again, this is common sense. Currently, 14,000BTC is worth $3,400,232 so ask yourself, if 200 people are going to battle over $3,400,232 every month, how likely is it that they all make $10,000? Well... not only is it likely, but each of these 200 traders have the ability to draw in $17,001 dollars per month. As $3,400,232 divided by 200 is $17,001 so literally, long term trader have a much higher probability of achieving consistent success in this market, because they are dealing with larger amounts of trading volume.
This is the magic of long-term trading.
This is why exchanges hide this vital information from you. They want you to make as many trades as possible on a daily basis because, the more you trade, the more fees they are able to generate for themselves.
So they only display 24hrs worth of volume, 24hr gains/declines and other short term metrics to force you into trying to turn $20 into $100 instead of widening your net and capturing a portion of the 14,000BTC trading volume that pours into this market on a monthly basis.
The kicker is, there are participants in this market who have only made 8 trades this month who have already made more money than the unskilled and uninformed traders who have executed more than 100 trades this month.
Simply put, the more information you have the more money you generate.
Lets look at how unskilled traders shoot themselves in the foot on a daily basis, by only dealing with 24 hr volume. (500 BTC)
This is common sense... Currently 500BTC is worth only $121,325 so ask yourself, if 1000 people are going to battle over $121,325, how likely is it that each of these traders make at least $10,000? ... Well, not only is this unlikely, it is impossible as $121,325 divided by 1000 is a mere $125 dollars... this is a pittance in comparison to the amount of money that skilled traders generate.
Now clearly, skilled traders are in the minority in this market, out of 1200 traders in this market 1000 are unskilled and 200 are skilled players. So lets look at the figures.
As you know, skilled traders employ long-term strategies. Meaning, they will make a trade on May 1, and happily wait until May 31 to cash out. So they have now expanded their net to capture portions of the 14,000BTC that flows into this market on a monthly basis.
Now... again, this is common sense. Currently, 14,000BTC is worth $3,400,232 so ask yourself, if 200 people are going to battle over $3,400,232 every month, how likely is it that they all make $10,000? Well... not only is it likely, but each of these 200 traders have the ability to draw in $17,001 dollars per month. As $3,400,232 divided by 200 is $17,001 so literally, long term trader have a much higher probability of achieving consistent success in this market, because they are dealing with larger amounts of trading volume.
This is the magic of long-term trading.
This is why exchanges hide this vital information from you. They want you to make as many trades as possible on a daily basis because, the more you trade, the more fees they are able to generate for themselves.
So they only display 24hrs worth of volume, 24hr gains/declines and other short term metrics to force you into trying to turn $20 into $100 instead of widening your net and capturing a portion of the 14,000BTC trading volume that pours into this market on a monthly basis.
The kicker is, there are participants in this market who have only made 8 trades this month who have already made more money than the unskilled and uninformed traders who have executed more than 100 trades this month.
Simply put, the more information you have the more money you generate.
+1000
1. Money can only go where it has a reason to
2. Money can only go where there is room for it to flow
3. There is a finite amount of coins in crypto, so money moves in cycles from coin to coin
Study the patterns and stretch the time span of your trades
cash if flying around everywhere, all you need is to find the right coin, set up shop, and your wallet will fill with coin throughout thee duration of your trade
long term over everything