One thing "high frequency traders" never seem to grasp ... is that they could have 10x the money if they weren't such adrenaline junkies.
Great. You made a little cash by selling over half your coin stash.
You claim you'll buy when it dips again.
Unfortunately, it will never dip to $60 again ... like it did a few months ago.
Now dips will be higher, and higher, and higher.
And you will continue buying and selling ... and making your minimal $ ...
Meanwhile, the dude who bought at 60 and held till $1,000 is the true winner.
All that coin you made in your high frequency trading will be gone, no doubt spent ... and you'll have nothing to show for it in 5 years.
While the guy who bought at 60 and held is buying a porsche with 1 coin.
Great. You made a little cash by selling over half your coin stash.
You claim you'll buy when it dips again.
Unfortunately, it will never dip to $60 again ... like it did a few months ago.
Now dips will be higher, and higher, and higher.
And you will continue buying and selling ... and making your minimal $ ...
Meanwhile, the dude who bought at 60 and held till $1,000 is the true winner.
All that coin you made in your high frequency trading will be gone, no doubt spent ... and you'll have nothing to show for it in 5 years.
While the guy who bought at 60 and held is buying a porsche with 1 coin.
Bought my first Porsche when I was 16 because I knew what I was doing.
6 years later I still know what I'm doing.
Bitcoins do not compound. Nor did I make 'little' cash. I see percentages. Numbers are relative.
You don't understand money. Especially how to make more of it.
Does that explain why, looking at your strategy, I've made thousands of % more than you have on bitcoin? Yet you "see percents" and "understand money?" Nice try.
By the way, dick-swinging on the internet means absolutely nothing. Look: "I bought a lamborghini when I was 12..." does that count? Again, nice try
