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RE: Note for Non-Whales: HODLing is More Effective Than Day Trading in All of the Ways

in #money7 years ago

I agree. The vast majority of Day traders lose money. It’s far easier and more profitable to simply identify decent investments and hold them for the long term. Crypto is so volatile that you need to be able to stomach 80% drops (it’s happened 5 Times in bitcoins history) but still hold if you believe in it.

I say this as someone who has sold hundreds of bitcoin since 2011, only to see prices reach around $20k!!

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OUCH! You could be a $20-millionaire!