In the past, we have tried to describe, of course in layman’s terms,
the technology underlying crypto currency. We have also indicated how to
get started with your first crypto currency investment.
In this newsletter we try to characterize the crypto trade so you can begin a journey toward successfully trading. Crypto currency should be considered a very volatile asset and perhaps the most volatile asset we have ever seen. You should expect it to remain this way for some time.
On any given day, we have seen certain cryptos move over 100%. While 10 to 15% moves in small cap coin are quite common. On the other hand 5% daily moves in the larger coins are quite pedestrian. Therefore, the returns, both positive and negative, outstrip the stock market by a large margin.
We must also take into account that this is a market that never shuts down due to automation, as exchanges trade 365 days a year 24 hours a day. There is nothing better or worse than waking up one morning to find out traders in another country have pushed the market more than you expected- for a gain or a loss.
Contrary to the ‘get rich quick with crypto currency” that the media hypes, we suggest that most traders put very little of their overall portfolio in this market.
In this newsletter we try to characterize the crypto trade so you can begin a journey toward successfully trading. Crypto currency should be considered a very volatile asset and perhaps the most volatile asset we have ever seen. You should expect it to remain this way for some time.
On any given day, we have seen certain cryptos move over 100%. While 10 to 15% moves in small cap coin are quite common. On the other hand 5% daily moves in the larger coins are quite pedestrian. Therefore, the returns, both positive and negative, outstrip the stock market by a large margin.
We must also take into account that this is a market that never shuts down due to automation, as exchanges trade 365 days a year 24 hours a day. There is nothing better or worse than waking up one morning to find out traders in another country have pushed the market more than you expected- for a gain or a loss.
Contrary to the ‘get rich quick with crypto currency” that the media hypes, we suggest that most traders put very little of their overall portfolio in this market.
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