I'm having difficulty seperating % gain from $ gain....advice appreciated
Hi all,
So as the title says, I am having difficulty squaring off percentage gain with pair/fiat-gain on altcoins.
On the one hand, I can see that 50% is 50% is 50%, no matter what way you spin the maths of it. And therefore every quid put in can give you back one and a half.
However, I favour a very aggressive trading strategy (possibly not a wonderful idea, but hey, my money
), and I'm being draw to the idea that it's much easier for a $0.01 coin to go to say $0.05, than it is for a higher market-cap asset like BTC to go from 10K to 50K.
I suspect that I am mentally falling prey to some kind of gambler's fallacy here, but there are so many examples....
Anyone got a good source/video/article etc that might be able to help me out?
In a nutshell, I have some Eth, I want to trade, but I am not sure whether to take a massive punt on the shitcoins, or go slower and steadier with the established ones. My instinct is to take the punt. But it's only that - instinct. I have a gambly streak
Advice appreciated.
So as the title says, I am having difficulty squaring off percentage gain with pair/fiat-gain on altcoins.
On the one hand, I can see that 50% is 50% is 50%, no matter what way you spin the maths of it. And therefore every quid put in can give you back one and a half.
However, I favour a very aggressive trading strategy (possibly not a wonderful idea, but hey, my money
), and I'm being draw to the idea that it's much easier for a $0.01 coin to go to say $0.05, than it is for a higher market-cap asset like BTC to go from 10K to 50K.I suspect that I am mentally falling prey to some kind of gambler's fallacy here, but there are so many examples....
Anyone got a good source/video/article etc that might be able to help me out?
In a nutshell, I have some Eth, I want to trade, but I am not sure whether to take a massive punt on the shitcoins, or go slower and steadier with the established ones. My instinct is to take the punt. But it's only that - instinct. I have a gambly streak
Advice appreciated.