Question for Ryan
First of all big thanks for all the information that you share on your website, it has been a huge help for me.
I wanted to ask what is your main tip of tips for making steady money with altcoins?
Some of us trade altcoins as a hobby, but I can see that you and your group have a more professional approach play
I particularly enjoy the ethos of your group cause where everyone else is panicking about the price of bitcoin
i come here and see that people are exited about the cheap price and providing sound and well though out reasoning for this
this is like the rational corner of the crypto world, i dont see too much emotion or hysteria, just facts and logic
I find this refreshing
I am hoping to trade altcoins more seriously from here on out so I wld highly appreciate getting perspective on this
thanks
Firstly positioning is everything. You have to know what a 'buying opportunity' looks like. This will enable you to take advantage of these situations long before the common trader.
the common trader is not thinking about price moves that will occur 30 days from now, so they are constantly distracted and out of the way, allowing you to get positioned in the right coins, at the right time, with virtually no competition. However, you really do have to have some understand of what a genuine buying opportunity looks like or else you can easily find yourself buying into the wrong coins.
Second, duration is a key factor. The length and time-span of your trades are very important, because the longer you are in a trade the more trading volume you are exposed to, and vice versa.
It's a combination of the above factors that make all the difference in the profitability of your trades.