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Originally Posted by crucifissio
I never changed my mind...in fact my first sentence is that I still think its all fart-in-a-jar coins...this does not mean I will not make bank with things like arbitrage or short term investment that relies on my knowing the average "investor" and how he thinks...
the proof is in the pudding...out of the top 8 gainers today, 6 are on my list, and all 8 meet my criteria...
the oracle has spoken!
I compared bitconnect to a ponzi...they promised 1%/day based on some trading script they have that does not take in to account slippage or the problems associated with large scale investing...1%/day is classic ponzi
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Well I always root for success so I hope this works out for you.
For me, I am sticking with BTC and Ether for now.
A good and brilliant friend of mine, who lives and works in Silicon Valley, tried 'micro managing' his crypto investments. His wife limited how much cash in he could invest so the only way to make quick bank was to buy/sell, almost like a day trader. After three months of him doing this, and losing about 30% of his cash in, he stopped and is now just letting it ride.
So there are two 'strategies', like with any investment: buy/sell/manage or buy/hold. I am doing the latter but if you have the knowledge and smarts to do the micro managing thing then God bless.