Hacker Newsnew | past | comments | ask | show | jobs | submitlogin

Buy incrementally, hold. If all markets are tanking, cash to USD, wait for the blood bath to be over. Otherwise you are gambling.

Accessible crypto is going to be a disaster simply because of unregulated markets. My friends get shakey when they lose $100 in the market, this is going to be "Weak Hands: The App". Or "Taking Candy From A Baby: The App".

I had to lose ~$200k over the course of a couple months and only after then I started really getting into the swing of things and started making good money while also making it back. It took all that to realize that if I didn't day trade my yields would have been much much higher. Day trading is hard, don't do it unless you really truly know what you're doing. Reading crap about market psychology and fractals and fibonacci this and wave theory that is all trash and does not make you a trader.

Here come the 'I lost my life savings' rants by people with weak hands. Regular people + unregulated market = blood bath.



>Reading crap about market psychology and fractals and fibonacci this and wave theory that is all trash and does not make you a trader.

reads crap about Tether propping up bitcoin price, without audits despite claims of USDT backed by USD

immediately realize you're regular people and invest nothing in cryptocurrencies


> If all markets are tanking, cash to USD

Might not always be possible if the exchange closes, has liquidity issues, etc.

It is certainly not advisable to expect to get any of your money back from a crypto exchange. Play with what you’re willing to lose.




Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: