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RE: Maybe we should quit day trading crypto?

in #tauchain7 years ago

Day -trading is always the riskiest option for every investor. People generally day trade for making quick bucks. Obviously, the quick money is great and that's why people attracts to it more often. But day trading without knowing fundamentals will never ever go profitable. Because people who don't know the fundamentals only try to estimate the value on the basis of past months chart, but it is not necessary that price always follows the past trend. That's why people loose more money on day trading than any other investment option.
And when it comes to crypto, it is the highest volitility market ever exists. I would suggest never ever day trade on crypto, at least trade for medium term that is at least 3-4 months.
Anyways thanks @dana-edwards.

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fundamentally, this ain't warren buffet investing "1-2-3 learning course" yippieyeeyo value buying, fundamentally you are buying and hoping some names will succeed in the future, it's like believing in a small pharmaceutical med company which is trying to get approval from the FDA for some medication against cancer...it's not sure yet it will be a succes or that the medication will be sold into the market mainstream, for cryptos you are buying your dreams which believe it will succeed....sure as hell some will succeed, but right now for many of them it's like trying to find a needlestick in the dark..