Quote from: Psicotico on June 20, 2018, 07:03:37 AM

Bitcoin Price Outperformed Crypto Hedge Fund Pantera Capital Last Month.

Sometimes it doesnt pay to diversify just ask cryptocurrency hedge fund Pantera Capital, whose fund underperformed the bitcoin price last month.

to be honest, that doesn't say much. hedge funds are generally much "bigger picture" than a one-month snapshot. pantera also outperformed bitcoin so far in 2018, which is more notable.

Quote from: hatshepsut93 on June 20, 2018, 05:11:22 PM

If I were to trade cryptocurrencies for a living, I'd invest in so-called "promising" altcoins only for short term and would close all positions after certain amount of time, regardless of the price, because in my mind any new alt is just a pump and dump / ICO scam, and in the long run there will be no fundamentals to support the price - promises of revolution, disruption and so on only can get the price so far, sooner or later everyone realizes that no real progress is being made.

altcoins are just for banging out doubles, 10x's and maybe the occasional 100x and taking profit in bitcoin. there might be some alts with long term staying power, but buying and holding is a real crapshoot.

i just accumulate as we head into (or during) alt season, and sell into pumps. and then i exit alts entirely once BTC takes over all the hype or bear market sets in. rinse, repeat.....