Hi Santa,
Let me explain my thoughts.
Unlike stocks/forex, cryptos have no true, real-world demand. So, based off of news is no way to really invest in a crypto with any true certainty, are your news sources twitter? lol So, using technical analysis to see if a coin is over-sold, is just keeping a status on what the big boys are doing, but its manipulation its not a true market, so the technical analysis, only goes so far.
I like you, so I won't fully expose your ignorance. But sadly, after reading that drivel you just put together i think everyone is now fully aware of your limited insight
we all know forex doesn't have any real intrinsic value either, everyone in crypto has watched almost 100 documentaries that explain how fiat currency is a scam based on "preceived value". Whats the difference between monopoly money and a dollar bill?
That's what forex is, playing different fiat currency pairs against each other. So that market is driven by pure speculation. Sure there is a demand for fiat currencies, there is also a very similar demand for crypto currencies, just on a smaller scale
I don't follow news, that's an idiots game. I search for extending periods of buying so that I can join in and reap the benefits a week or two later
Given this, why invest 100% of your portfolio in some coin that can very easily go down 80% or go up 50%...
Why invest anything then if this is how you feel? If this is your stance then you are in the wrong business bud.
Putting even $30 of your "portfolio" in "some coin that can very easily go down 80% or go up 50%" is still a risky proposition if this is how you think
If you are on the money then the coin you are trading will be at the bottom, or close to the bottom and there are ways to work this out. If you get it right, then you are in the money. Who cares if the coin goes down 20% within a week, if it goes up 400% within a month
you can't nickle and dime the market bro
Hedging is a very basic strategy that should be used in trading. Off-set risk by investing in another coin. Ideally, the best way to hedge is to find coins that have inverse relationships...since there is no true demand even this is impossible to find. Derivatives in coins are not legit yet either.
This is real loopy doc
tell me which coins have "inverse" relationships, I would love to know
So, what if you invest 100% in a coin that goes down 40%...that loss is huge...but even if you had gone 50/50, one goes down one goes up, then you off-set your risk a little, and in this scenario, which is very common, the hedging paid off.
no.. if one goes up and one goes down, YOU MAKE NO MONEY lol anyone who can over complicate the process of making no money at all is special indeed
why exactly are you hedging some shitty .2BTC trade I don't get it? What am I missing here?
If you want to try to make big bucks (triple your portfolio) overnight, sure try investing 100% of your portfolio see how that goes.
Or..you can really learn how to trade and triple you money in 6 weeks in this market with much less risk, while avoiding major downfalls that will set you back months.
I don't trade to triple or quadruple or any of that rubbish. I trade so that I don't have to trade
Anyone who talks more about losing than winning is a mark and has no business telling me how to make money.
Imagine you go to a trading seminar to learn how to make money from trading, and the first thing you are told is "put .2 BTC in some coin thatchu like and um, um find another coin that has some sort of inverse relationship that you can hedge with, then after all of this grunt work one coin will go up and the other will go down............ but you make no money"
and you still haven't told me what the logic is behind your magical 20% figure lol im still waiting to hear that one