Depends what you mean by 'traders' - I wouldn't confuse professional traders in investment firms with day-trading punters sat at home chasing the latest reddit pump.........even though some aren't philosophically that far removed, just better qualified and controlled :)
They take positions based on their understanding of the fundamentals...................those taking 'punts' are people like me, mucking about with a few quid without a detailed understanding.
This…..my limited crypto playing around is ‘trading’ rather than ‘investing’ but I don’t have a particular or defined time horizon on it. I’ve currently got a a few open positions (happily not many/much) that are showing big ‘losses’ but they won’t be ‘actual’ losses until I close the trades -...
Not really ‘tanked’ though has it.....just a modest correction in the context of normal volatility associated with this stuff, giving up some of the gains over the last couple of weeks in reality. I’ve only got 3 types of crypto (in modest amounts), and over the last month or so one is flat...
Probably right....but still worth a punt (and it is very much a punt) with a small % (so small that losing all of it wouldn’t be an issue) of my savings IMO.........for me the key with these things usually is knowing when to get out, and not being greedy. Not a lot different to a bit of modest...
Don’t do it unless you’re perfectly prepared to lose £3k
Read as much as you can
Diversify within crypto, very difficult to back a single horse now
I only dabble on the edge of the market with a tiny % of my savings, it’s just a bit of fun........