jcuypers

More of the same - spreading risk

KRAKEN:ETCEUR   Ethereum Classic / Euro
As already posted a year ago, most coins are very tightly coupled and spreading money across them, is just an illusion of risk management.

I don't pretend to know much about trading nor analysis, but one could ask him/herself the following question: for such a diverse variety of coins which all try to solve some kind of problem in their own way (and each of them having pro's and cons), they all behave the same. How can this be, if the focus would be really on the technical side. Yes ok, there's a the strong link to Bitcoin because it's more dominant. But still, it cannot be explained from a technical side. if it's not yet clear for someone that all of this is a speculation/influence game, with 99% of coins not being backed by something useful/substantial, I don't understand anymore.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.