I am in crypto world for more than 2 years now and I started easy, with buying some BTC. After a week, it felt from 5000 $ to 4200 $. A good start :). And then, down to a minimum of 3150 $ in December, 17. But I was not keeping BTC without trying to multiply my portfolio, so I start trading it vs other coins or a stable coin (later, in mid of 2019).
My trades were mixed, some were successful, some not. The point is the loses were bigger than the gains, because, first, BTC started to grow a little in march of 2019, and I tried to ride the wave and enter in some Altcoins. But, from here, BTC grew more agressive and Altcoins stopped gaining in value and kept theirs in $ while decreasing vs BTC. This happened until BTC touched almost 9600 $ in summer and started to fall from that price.
What the Alts did? Felt from USD value, which was relatively stable until then. So, in autumn, I was also in loss in BTC value by far and also in USD.
And this, after a long string of trades.
This is so frustrating...
So, I did my math. We are in the beginning of 2021. If I gather all my FIAT invested in crypto and I convert it in BTC at the course when I invested it, I see that doing nothing but keeping only BTC I am three times richer than now. :)
So, guys (most of us) - let the few traders who know what is risk/reward and technical analysis - do their job and we should concentrate in investing in BTC and ETH (but not now, maybe after it will go back at least to 10 k for BTC and 300 $ for ETH. Some percents of our portfolio could be gambling, but no more that 20%.
Less trades, more gains on long terms. For most of us.
Cheers!
