Great article. I agree that day trading is where most people lose money. Most buy coins because they think they will go up with no fundamentals! There are over 800 coins now and the vast majority are broadly similar to bitcoin etc. Several have different use cases but most do not. There will be a lot of consolidation as we move forward and when we do, those speculating on coins they know nothing about will lose a lot of money!
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Exactly...most traders lose in day trading in the long run. No different than stocks....only professionals should mess with it. Greed is addicting!