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Topic: Smart money is HOLDING not day trading - page 2. (Read 1930 times)

newbie
Activity: 39
Merit: 0
April 11, 2014, 02:17:12 AM
#10
Smart money is selling, the market is plumbing!
sr. member
Activity: 445
Merit: 251
April 11, 2014, 02:15:56 AM
#9
Day trading was great today, for the Bulls and the Bears.

Day traders arent bankrolled with millions of dollars. If I had millions to put into BTC I wouldnt be day trading.

So I churn out those gains because I want more coins. And this market is so much easier than any other... basically ever


$340 to $417
A fantastic day for "bottom fishing"  Smiley

10.2 $ and still holding........THAT is a good gain. And not going to sell until 5000 minimum. I can wait.
 Grin
sr. member
Activity: 252
Merit: 250
April 11, 2014, 02:00:09 AM
#8
Day trading was great today, for the Bulls and the Bears.

Day traders arent bankrolled with millions of dollars. If I had millions to put into BTC I wouldnt be day trading.

So I churn out those gains because I want more coins. And this market is so much easier than any other... basically ever


$340 to $417
A fantastic day for "bottom fishing"  Smiley

Mmhmm, that comment was not intended to be taken about day traders.  Smiley

It is true, smart money is not day trading (I wouldn't use the term smart money to describe anyone < whale) ... there is no liquidity for it anyway
legendary
Activity: 2114
Merit: 1040
A Great Time to Start Something!
April 11, 2014, 01:39:36 AM
#7
Day trading was great today, for the Bulls and the Bears.

Day traders arent bankrolled with millions of dollars. If I had millions to put into BTC I wouldnt be day trading.

So I churn out those gains because I want more coins. And this market is so much easier than any other... basically ever


$340 to $417
A fantastic day for "bottom fishing"  Smiley
hero member
Activity: 602
Merit: 500
April 11, 2014, 01:34:14 AM
#6
Your completely incorrect, you're mistaken if you think they don't make a lot of money out of the volitlaity

they don't make any money if they don't day trade!
barry silbert fund can't "sell off" for 1 or 2 years
winkelevii haven't sold 99.99 of their coins (so they say)
fortress capital hasn't sold anything
other hudge fund dude hasn't sold any.
exfacebook guy hasn't sold any of his
yes you can make a lot of money off volatility IF you know how to interpret it and make money off it. plenty of people are losing off each trade.
unlike the "completely fabricated" stock market. it's really hard to game cryptocurrency since apparently someone farting determines direction of price.
sr. member
Activity: 252
Merit: 250
April 11, 2014, 12:52:56 AM
#5
Day traders arent bankrolled with millions of dollars. If I had millions to put into BTC I wouldnt be day trading.

So I churn out those gains because I want more coins. And this market is so much easier than any other... basically ever
sr. member
Activity: 308
Merit: 251
Giga
April 11, 2014, 12:42:28 AM
#4
Your completely incorrect, you're mistaken if you think they don't make a lot of money out of the volitlaity
legendary
Activity: 2114
Merit: 1040
A Great Time to Start Something!
April 11, 2014, 12:39:14 AM
#3
Completely ignoring every chance to make profits from short-term trades is not good advice....sorry.
legendary
Activity: 2282
Merit: 1050
Monero Core Team
April 11, 2014, 12:36:59 AM
#2
I like a portfolio allocation of 99.5% holding 0.5% day trading.
hero member
Activity: 602
Merit: 500
April 11, 2014, 12:31:44 AM
#1
day trading something that goes up and down 50% based on someone farting is just borderline suicidal.
the people with the real money are buying and HOLDING
barry silbert and co are holding 100k bitcoins not selling any
winklevii are holding not selling any
only day traders who think they know how to interpret which way the fart travels are doing the whole price manipulation. overall they get slaughtered in the the long run

price is going up. don't worry let the fart chasers do their interpreting
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