RE: A Cryptoasset Index Fund on Bitshares
Okay first things first............... I remember your post in the beginning of this month where you compared active versus passive trading. That post is really relevant to the first half of this post and I would like to mention it here (since if anybody who has no idea what active trading is, then they can take a look at that post)
Coming to the main topic - Majority of crypto assets have Bought and HODL'ed. Still there is a small portion that I like to keep open for daily/weekly trading. This amount is not very large and I can afford to take risks with it. The reason I do this is because I found that day trading is one of the most effective ways of keeping in touch with the heart of the market and it challenges me to keep up my pace.
I am by no means an early investor as I cam onto the scene in 2017 but I have read a little about BitShares and I have always liked the idea. Although people don't talk about it as much but it is by no means outdated and any coin build by improving on that idea could potentially hold a chance to outrank it's competitors fairly quickly.
You recognize the value of bts.
The investing strategy you described applies both active and passive strategies. This is perhaps the most effective way to invest in crypto. It diversifies itself! But would you comment on the amount of time you dedicate to the active trading side of your portfolio? It is my understanding that many many people are not interested in devoting much time to their investments and a pure passive strategy accommodates them well.
My usual active time is concentrated around the weekend. Saturday to Monday. On an average I spend around an hour daily, actively buying and selling. Apart from this even more time goes in to looking into the stats and charts and following the MACD of even my HODL'ed coins.
For past couple of weeks I have been researching into Bullion to diversify my own portfolio and my Parents as well. In the end I would say that in the past few months I have dedicated a significant amount of time on following the markets as I hope to one day turn this into a full time occupation.
.........and thus my troubles with catching up on my reading ;-)
Very cool man. I also am a fan of bullion for a diversified portfolio.
How would you like to use your time and talents in this space? You clearly express yourself well and are an engaging conversationalist here on steemit.