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RE: LUCKY'S CRYPTO GUIDE FOR BEGINNERS - PART SEVEN - WHAT IS CRYPTO INVESTING? A COMPREHENSIVE BREAK DOWN!

in #thealliance7 years ago

Nice post, although I'm not a crypto newcomer!

I would say investing is something you do because you also believe the potential application of the investment is worthwhile or ground breaking? Whilst the day trading, you are more looking at the money side of things and caring much less about the survival of vision of the project?

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@bengy I agree with you 100%. That is a topic I will touch base on a little more down the road. Most people invest because they believe in the success and application of said investment. Do you trade currently? Always up for collaboration on some articles.

At the moment, I don't day trade. In a bull market, it is easy to make money, so I was doing that with trades that I could just set up and forget about (with less than 20% of my total crypto, I'm not suicidal!). I saw at that time, there were heaps of people blasting out about how they could make x% returns and marketing their skill. But in truth, there is no skill in the bull market.

Now, in the bear market, I had a go. It is much trickier. The goal seems to be getting more tokens (as opposed to more BTC/fiat) at by juggling the prices. However, this is much more time consuming as you really need to be on the ball, else you are going to be caught off guard with an upswing, left holding less tokens (but the same fiat value).

This is a bad thing for me, seeing as I value the tokens more than the fiat worth.