I am far from a top trader. Hence no reputation to lose. I had hoped to earn enough profit to buy a new laptop. Have lost the equivalent of 3 devices.
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Wise crypto investors tell me that you only lose money if you sell. The secret is to treat these as long term investments and hodl. The boom bust cycle is 4 years. I also buy on runout and sell on fact. Like many investors I have no clue what I am doing.
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Aren’t the wealthy controlling this market. They buy big - price goes up. They dump make a quick buck- price tanks-rinse and repeat. The rest of us are trying to ride the waves on the back of the above. We may or may not get lucky
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I have just got into crypto and this tweet suns it up for me https://twitter.com/billym2k/status/1394996114839855106?s=24
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