RE: The Secret to Riding The Volatility Wave With Steem, Bitcoin , Eos et al
Hi @charles1 I think you want to add a disclaimer to this post that you are not giving investment advice to anyone. Thanks for these optimistic comments. They certainly are welcomed and needed at a time like this when volatility is reigning. Yes smart day traders are making a killing. I know a few in fact and the key is to understand the flow of the markets if you want to make some sure money of what is happening. Day traders in stocks or currencies look for moves in the less than 1% amounts cryptos can be 10x that amount. You do not get the same velocity of money and you have to be careful because some things can run away from you, but if you get the flow you can do well.
One final thing. We cannot expect all cryptos to do well. In fact the vast majority will crash and burn. So telling everyone to just hodl I do not think isa great idea. I think you have to be smart and careful and pay great attention to what is happening. This will tell you if you have a long term winner or a dud. Most are duds. Just my thoughts. Thanks
Very good point indeed , I agree. However I indicated that you should chose great coins , do your DD, diversify especially undervalued coins/tokens and HODL...still not a perfect recipy however it is a strategy that will help