Post
Topic
Board Trading Discussion
Re: Can I gain an edge in crypto trading?
by
mk4
on 19/08/2017, 06:53:17 UTC
You've listed some decent points, but personally I think it's heavily depends on what kind of trading you're planning on doing, shortterm(daytrading) vs long term trading(hodling). Personally I think the points you stated(a,b,c) are more towards longterm trading. When doing short term trading, I think it depends alot on hype/publicity/shills of a certain cryptocurrency. Let's use NEO(NEO) and Bitquence(BQX) as an example. They've been kinda steady on a low price in the past, but then alot of people on Facebook groups and on Reddit started shilling on these coins weeks to months ago, guess what happened? They skyrocketed, since everyone got too excited with the prices and started buying. This is also a perfect example of FOMO or "fear of missing out".




Unfortunately I can't comment on your poker skills being relevant or not in the world of crypto trading since I have little to no knowledge in poker strategies. I suggest you start trading using small amounts first, to get a feel of the markets.