Entered the crypto markets on January 2nd.... needless to say its been rough, but I stay hopeful as I'm luckily only down 25%. I'm fairly certain that the HODL strategy is not going to see results like last year, so I'm going to learn to trade. I'm still learning the basics, but basically what I see here is indecision in the markets. A break in either one of those two trend lines would be a clear indicator and it seems we have about a month before the decision will have been made.
I am concerned about the Mt. Gox wallets allegedly holding 200k BTC, so I lean bear.
HODL is not a strategy, IMHO. You trade following the trend or you trade volatile moves.
1 year ago was the time to just buy a coin and HODL. XRP was.... still under a penny? I know LTC was $3-$4... then it PUMPED at end of March to like $12.
Many crypto are like penny stocks. Trade ALT:BTC pairs when they are in season and make 1000%+ gains in a couple months.
Don't trade them when they are out of season except for the super-hyped one like ZCLBTC was a great play over the past couple weeks.
mightytrader
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1 year ago, you B&H as trend following; not just for the sake of B&H'ing.
1 year ago was the time to just buy a coin and HODL. XRP was.... still under a penny? I know LTC was $3-$4... then it PUMPED at end of March to like $12.
Many crypto are like penny stocks. Trade ALT:BTC pairs when they are in season and make 1000%+ gains in a couple months.
Don't trade them when they are out of season except for the super-hyped one like ZCLBTC was a great play over the past couple weeks.