RE: Possibility of Death Cross

You are viewing a single comment's thread from:

Possibility of Death Cross

in bitcoin •  7 years ago 

Same basic problem with literally every speculator ... you're looking at the historical data of a purely psychological game with no true pattern to discern. That's why buy and hold has never once underperformed the market. And why every day trader inevitably fails. This is just not important data.

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

There are 2 types of traders, short-term daily or weekly buyers and sellers and hodl's

Historically; only one of those types actually beats the market. All of the most profitable traders of all time have simply held. Unless you're measuring your profit in dollars, with regards to crypto, and only this decade or so. Then it all depends on when you spent it. I bought a car for $70 effectively. A cheapass used one I mean, but still.