The cryptocurrency sell-off has exposed those swimming naked
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Re: The cryptocurrency sell-off has exposed those swimming naked
#2Re: The cryptocurrency sell-off has exposed those swimming naked
#3This is a particularly bad time to trade crypto if you don't know what you're doing. Even if you think you do, it's dangerous in a bear market.
Re: The cryptocurrency sell-off has exposed those swimming naked
#4This is a particularly bad time to trade crypto if you don't know what you're doing. Even if you think you do, it's dangerous in a bear market.
That includes having short positions? Why would that be particularly bad if the momentum is downward?
Re: The cryptocurrency sell-off has exposed those swimming naked
#5,,The crypto slump has been brutal’’
I’ve been holding Bitcoin since 2013, and this 50-60% retracement from the all time high was nothing compared to what I (and other people) were living through. I advise people to look at past volatility of Bitcoin before making an investment decision.
Re: The cryptocurrency sell-off has exposed those swimming naked
#6This is a particularly bad time to trade crypto if you don't know what you're doing. Even if you think you do, it's dangerous in a bear market.
That includes having short positions? Why would that be particularly bad if the momentum is downward?
It includes shorts because you don't know when the market will turn around.
It does, however, exclude DCA, which is almost always a sensible investment strategy.
Re: The cryptocurrency sell-off has exposed those swimming naked
#7This is a particularly bad time to trade crypto if you don't know what you're doing. Even if you think you do, it's dangerous in a bear market.
That includes having short positions? Why would that be particularly bad if the momentum is downward?
Trending downwards doesn't mean it can't retrace 24% and liquidate your position before going down again. And that's if it is trending downwards.
Re: The cryptocurrency sell-off has exposed those swimming naked
#8,,The crypto slump has been brutal’’ I’ve been holding Bitcoin since 2013, and this 50-60% retracement from the all time high was nothing compared to what I (and other people) were living through. I advise people to look at past volatility of Bitcoin before making an investment decision.
Also bitcoin != crypto, those are not even subset/superset for the most part.
Bitcoin solves one single problem of "digital cash" with the most robust and boring mechanism (known to mankind so far).
While the "cryptos" aim at satisfying demand for all sorts of p2p apps and moneymaking schemes that can be funded with the digital cash to avoid getting regulated out of existence.
Re: The cryptocurrency sell-off has exposed those swimming naked
#9,,The crypto slump has been brutal’’ I’ve been holding Bitcoin since 2013, and this 50-60% retracement from the all time high was nothing compared to what I (and other people) were living through. I advise people to look at past volatility of Bitcoin before making an investment decision.
People have such short memories... Was 2018 really that long ago... Even back then there was a tonne of MSM coverage.
Re: The cryptocurrency sell-off has exposed those swimming naked
#10It's crypto we're talking about here. It's not just a few covert skinny dippers but a whole nudist colony.