Quote from: MWesterweele on October 07, 2020, 02:06:35 PM

Quote from: Silberman on October 06, 2020, 03:47:42 PM

Quote from: JanusQuadrifrons on October 05, 2020, 03:08:17 PM

Covesting allows traders and investors to work together, with the best performing traders in the industry being able to be hired to generate higher levels of profit that are typically available in return for a 20% success fee on all profit.

This provides an optimal situation to HODLers, being that by investing capital into the strategies of the best performing traders in the market, not only is it still a hands-free approach that doesn’t require significant amount of time or stress, but also the trader that is working on your behalf will generate much higher returns done is the case with HODLing.

A very long post that at the end boils down to just give your money to traders and let them play with it and try to obtain money that way, there is a reason holders are doing exactly that and one of those reasons is that they are not interested in the stories of traders making money in the markets when they know the majority are lying and a significant number of them not only never obtain profits but they cannot outperform the market so I do not think many long term holders will be interested on what you are offering.

Indeed so far a long post that i have read till the end. Covest word catch up my attention, a covesting was new to me that's why i am so interested reading it till the end but it turns out if im correct with my comprehension that this was a joint effort or joint work between traders and investors. And by having an agreement that trading will be done by traders lefting its investment of the investors by the hand of traders. Now i know what covesting is. Maybe i should thank to whom this post coming from.

This is nothing more but a buzzword to try to create excitement over something that has existed since investment has been a thing, after all there is always going to be someone that has superior skills than you so it makes sense on theory to let them use your money to obtain more profits, but for the most part the additional risk that you are taking is not worth the reward, it is known that very few traders can outperform the market, which means that the simple and tried strategy of holding your coins is more effective and when you add that is less complex, easier to implement and generates less or no taxes then it is no wonder why so many people decide to use it.