Should we trade?
Hello steemians,
Trading is a zero sum game where each win is paid by someone loss.
In fact sum game is slightly negative if we take in account exchanges transactions fees.
We experienced huge volatility last few days, traders and algorythms enjoy it because this is when they usually win the most but most investors don't really feel confortable.
If you took it very emotionally you should cool down and relax, think long term.
As BTC and crypto assets are a do or fail technology with very high potential or very low achievment, short term really doesn't matter so much.
Basically when we buy cryptos we have a winning lotto ticket or we hold toilet paper.
So relax, we took a bet, we just have to stick with it.
Traders and short terms speculators don't really care about fundamentals, they choose assets with high speculation factor, enought volatility and liquidity to play with.
They know how to exploit your emotions against you.
Best way to loose our precious coins would be to play with them.
If you don't want to gamble against experiencied traders and the best algorythm in the world just hold you coins. Each one of them could valu a lot of money one day.
You will probably save emotionnals troubles, time, energy and probably money if you don't gamble with them.
If you want to battle against the market, push yourself to the limit, have a competitive mindset, ice cold nerve then trading is for you!
Don't forget that almost 80% of traders don't beat the market!
For short term price addicts.
What could we expect short term for bitcoin price?
2 mains scenarios:
Bear scenario we are at the beginning of a long bear trend as 2013:
Bull scenario Waves 4 is almost over and we go to new high with wave 5:
Noise can relax us as sweet music or becomes nerve breaker as dentist strawberry.
Don't listen to short term price noise unless you want to challenge yourself and leverage your money in dangerous water.
Enjoy your day!
Links:
https://en.wikipedia.org/wiki/Zero-sum_game
https://www.curiousgnu.com/day-trading
https://twitter.com/Trader_Dante/status/875673511997706240/photo/1
https://www.tradingview.com/chart/GBPAUD/pAE6x4Hx-Elliott-Wave-Analysis-BTCUSD-Can-Be-Trading-In-Final-Wave-Five/
https://news.rpi.edu/luwakkey/2902
https://twitter.com/pterion2910/status/875573019044794369/photo/1
trading is fun with lots of dough!
I was also in confusion about to sold or hold...but some of expert Steemians suggest me to hold.. Great post..really needed. for me ...upvoted & followed
Trading is like gambling, it is addictive.
very true :)
sad but true
so if you aren't an expert - you'll be food to the sharks or freeze - that still loses
Great post. Trading is not for everyone, you are gambling in the game of all games :). But if you want to push your limits, you can try. Warning : you will probably lose.
My philosophy- buy when market is bleeding and sell when market is greedy
Not all the time! No one is losing in a growing market. Etherium grow from $12 to $330. Who lost his money?
Trust me some people lost it all, for exemple yesteday during the long squizze on Gdax. I know some people that have been crushed with short positions on last dash surge earlier this year and for sure it happened aswell on ETH for some traders...
In average oviously most of traders win money in bull run.
The timeframe of the loop is longer, we only know if we are a wining trader once we survive to a long bear cycle or black swan event.
"Oldest crypto traders already survive to such events, new one don't even imagine what could really happen, risk management is everything.
Can't stop, won't stop!
HAHA BOSS!
This is the real true. Thank you for this article!
Trading is risky but well worth it. Looking forward to putting some of my money on trading...
Enjoy the ride.