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Topic: Trading Bitcoin: Chess Masters vs. Surfers (Read 425 times)

copper member
Activity: 87
Merit: 6
November 22, 2019, 05:44:21 AM
#40
You are entitled to your thoughts, of course, but as your were writing your post, I was making a 15.7% win on the lastest bitcoin price slide, all with the Weak-hands Buster open-source strategy. Bitcoin has been going down for several weeks, but there is no need to suffer if you manage to sell bitcoin as it starts diving and take the profit at the bottom, buying more bitcoin with the same money. This strategy may be fully automated in the Superalgos Desktop App and can help you with the timing. This is the trade closed an hour ago:

legendary
Activity: 3654
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November 21, 2019, 11:42:11 AM
#39
According to bitcointalk there are a lot of people who play chess on a surf board. Everyone keeps trying to find another chart or any other indicator and what not to show that bitcoin will do this or that and most of them fail, they either fail on the first try and if not on the following ones and nobody is right too many times in a row.

If there were any people who were actually right about something that many times in a row they would have been both famous and rich at the same time but nobody managed it. So there are a lot of surfers who think they are chess masters, nobody could tell them they are not because by the time they realize it they stop and beforehand the results are not in so they still think they are chess masters. It is basically a sickness but nothing we can do to stop them.
copper member
Activity: 87
Merit: 6
November 21, 2019, 07:09:33 AM
#38
Judging by the responses here, it seems to me that the field is more or less evenly distributed, don't you think?
hero member
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November 20, 2019, 03:26:58 PM
#37
Ever wondered why some bitcoin traders are drawn to go out scalping every fast-rolling wave gliding across the screen while others will sit in the comfort of the beach club—mojito in hand—and play the tide instead?

Surfers play by feel, remain cool under pressure and make the most out of their instincts...

Chess masters are analytical freaks, follow hard rules and always stick to their trading system...

Which side do you lean towards the most?

Either way, it's a hilarious read!! Trading Bitcoin: Chess Masters vs. Surfers
To be fair I amn't fan of dividing things like that. More likely people are mixture of that and not one separate type.
Also I want to mention that it's not a good compare, with that logic Chess Masters are smart people with strategy and Surfers - not. Chess Masters always have plan to win war, surfers - not. Chess master will fight until end, surfers - not. We can continue this on and on...
While trading, how can you be "cool" under pressure? This means you 100% depend on luck, maybe bitcoin falls a lot and it become as low as 100$, can you remain cool? Such "Coolness" will lead to fatal end. But at the same time analyzing charts means nothing because we don't live in past, we live in unpredictable future. Gone tomorrow - here today.
hero member
Activity: 2814
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Bitcoin is GOD
November 20, 2019, 01:53:52 PM
#36
Ever wondered why some bitcoin traders are drawn to go out scalping every fast-rolling wave gliding across the screen while others will sit in the comfort of the beach club—mojito in hand—and play the tide instead?

Surfers play by feel, remain cool under pressure and make the most out of their instincts...

Chess masters are analytical freaks, follow hard rules and always stick to their trading system...

Which side do you lean towards the most?

Either way, it's a hilarious read!! Trading Bitcoin: Chess Masters vs. Surfers
This is easy for me I am a Chessmaster and the reason for this is that those that use their instincts to trade the markets can be really effective but it is impossible to determine if what you are doing is effective in the long term because you cannot really backtest your strategy at all because your previous knowledge about the market will affect how you react to it, so the only way to test if you are an effective trader is by using live results and that can take a long time.

But if you instead use a set of strict rules about what to do and what not to do depending on the circumstances then you can backtest your strategy and you will be able to tell very quickly if what you are doing is profitable or not.
hero member
Activity: 966
Merit: 535
November 16, 2019, 08:47:30 PM
#35
I think I am 50/50 I am far too impulsive to be a chess master. I normally will calculate ( or at least try to) what I am going to invest in and how it will work. First finding out how I will break even and then feeling safe creating profits. Once you break even the feeling is great. Its free money from then onwards. Once that happens I will just surf and try to catch the biggest waves and ride them out. Sometimes after breaking even it is best to dump along with the other dumpers and then buyback. Then you vastly increase your total coin amount and hope it goes up more and you either stay making a bit of profit and breaking even or you fold your profit over a few times.
legendary
Activity: 1806
Merit: 1521
November 16, 2019, 05:20:12 PM
#34
I'm not aware of the terms you have explained right now but I don't think most of them have a choice. If you think about “surfers” you will notice that they are trading more frequently compared to the “chess masters” because most of them didn't have the chance to buy Bitcoin at a cheaper price now their only way of maximizing their profits is to take advantage of the volatility. Unlike chess masters who have bought it at a cheaper price they have an option to wait and cash out big time because they have a margin of safety on their side.

The main distinction is between traders who operate off gut instinct, and those who have strict trading systems. It's not about who bought earlier.

I definitely fall into the latter group, the chess playing camp. I have very strict rules for entries, exits, and stop losses, and what trade setups I will or won't take. However, all good traders operate off their gut to some extent. It's our instincts that allow us to hone in on good trading opportunities in the first place.
legendary
Activity: 2968
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November 16, 2019, 04:42:39 PM
#33
Actually, guys like you make much more interesting reads than the business-formal-classy writing of some Forbes guys, all due respect.

Not quite my style, but objectively, enjoyable. I don't think there really are that many people on the cool beachside end though, or if there really is such a divide, probably a lot of greys in between, and a huge majority of people who really don't know what they're doing.

I definitely wouldn't know a thing, but then that's precisely why I don't trade (except for need and certainly not to turn profit!).

Cheers.
sr. member
Activity: 1221
Merit: 250
November 16, 2019, 11:15:38 AM
#32
Ever wondered why some bitcoin traders are drawn to go out scalping every fast-rolling wave gliding across the screen while others will sit in the comfort of the beach club—mojito in hand—and play the tide instead?

Surfers play by feel, remain cool under pressure and make the most out of their instincts...

Chess masters are analytical freaks, follow hard rules and always stick to their trading system...

Which side do you lean towards the most?

Either way, it's a hilarious read!! Trading Bitcoin: Chess Masters vs. Surfers

The problem for me with Elliott Waves and other charting tools is that it is very complicated and takes years of practice to really understand how to read them. For novices like me, I look for more long term trading opportunities.

It is not even about understanding technical analysis because it was created for stable markets and for short-term trading. Bitcoin is high risk market and has too much volatility. I think that using technical analysis on the cryptocurrency market is associated with a similar risk as flipping a coin.
hero member
Activity: 1008
Merit: 510
November 16, 2019, 09:12:22 AM
#31
Ever wondered why some bitcoin traders are drawn to go out scalping every fast-rolling wave gliding across the screen while others will sit in the comfort of the beach club—mojito in hand—and play the tide instead?

Surfers play by feel, remain cool under pressure and make the most out of their instincts...

Chess masters are analytical freaks, follow hard rules and always stick to their trading system...

Which side do you lean towards the most?

Either way, it's a hilarious read!! Trading Bitcoin: Chess Masters vs. Surfers

The problem for me with Elliott Waves and other charting tools is that it is very complicated and takes years of practice to really understand how to read them. For novices like me, I look for more long term trading opportunities.
sr. member
Activity: 1680
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November 16, 2019, 04:00:18 AM
#30
unique term, I try to explore minimal analysis in timeframes 12h and above. the long term looks more attractive because the term chessboard can move capital according to need, busyness makes me change options several times. However, the requirement to be maximal is not being able to use a small amount of capital because I have to back up some unsuccessful orders in 1 month.
legendary
Activity: 1316
Merit: 1145
November 15, 2019, 11:14:05 PM
#29
surfers, I'm more inclined on that. because I really like the price wave. I can't just stay still in one place. usually I will scalping until the price wave stops. then move to another coin to find new waves. because in my opinion this is more profitable than sitting still waiting for all the pumps. I'm not like a chess master, who has extra patience to defeat an opponent (waiting for everything to big profit.)
sr. member
Activity: 1045
Merit: 273
November 15, 2019, 08:40:15 AM
#28
Daily trade is a difficult task, and the kind of headache I get from it, lol. There are days you will sit in front of your computer and work really hard but still at the end your loss will be more than profit and that doesn't make any sense. Investing long term is always the best thing to do, you wouldn't have to stress yourself that much Smiley.

I stopped day trading a lot, I have other jobs that I focus on now than wasting time and risking my money. This time around I take a chill and go for a long term. But, before investing my money in Bitcoin (BTC) for a long term I always do proper research and I make sure that money is going in when the market is at the lowest. When I invest I then hold it till there is a good increase in price and I can then withdraw it.
hero member
Activity: 2842
Merit: 772
November 14, 2019, 01:36:52 PM
#27
I would also call myself in between those two, and it's hard to define yourself as it boils down to your risk appetite. If you're more of a gambler type they probably you can be a surfer.

But I'm sure traders wanted to be a Chess Masters, looking at the situation and think ahead of time as to what will be the next move based on technical analysis. So I would rather be in the middle here, just to play safe,  Grin
legendary
Activity: 2310
Merit: 1035
Not your Keys, Not your Bitcoins
November 14, 2019, 12:21:19 PM
#26
Haha.. It's quite a paradox here. Scalping usually requires a much stricter risk management rules and still they have to follow the same technical analysis just to be aware of the higher trend and get in and out as quickly as possible. If you don't have what to do during the day and you know how to control your emotions it is a reliable way to make a living. Many traders just scalp and don't play the trends.
hero member
Activity: 2114
Merit: 619
November 14, 2019, 12:13:37 PM
#25
Ever wondered why some bitcoin traders are drawn to go out scalping every fast-rolling wave gliding across the screen while others will sit in the comfort of the beach club—mojito in hand—and play the tide instead?

Surfers play by feel, remain cool under pressure and make the most out of their instincts...

Chess masters are analytical freaks, follow hard rules and always stick to their trading system...

Which side do you lean towards the most?

Either way, it's a hilarious read!! Trading Bitcoin: Chess Masters vs. Surfers
I think it's a matter of choice. Not everyone has a gut and feel which gives them correct decision. Nor are they motivated enough to remain cool under pressure. My personal opinion is chess masters are better. Trading is a hard exercise which has strict rules you need to adhere. I have seen some people keeping a rule chart in front of their desks while they are trading. I think in long term persistence is what pays a trader. Chess masters are better for this fact undoubtedly.
I think these are the most wrong actions of traders right now. They are always looking for masters who share the short-term trends to trade for profit. but they don't know that most of those masters are fraudsters. they intentionally set trends so that more people trust and buy more, then they will sell their shares later at high prices.
This is the game that I often see in the financial markets. should limit this.
Definitely a +1, these cool looking traders are nothing but fraudsters who make you look they are profitable but they actually just have made a couple of profitable trades.
member
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November 14, 2019, 11:49:27 AM
#24
 I think these are the most wrong actions of traders right now. They are always looking for masters who share the short-term trends to trade for profit. but they don't know that most of those masters are fraudsters. they intentionally set trends so that more people trust and buy more, then they will sell their shares later at high prices.
This is the game that I often see in the financial markets. should limit this.
sr. member
Activity: 2604
Merit: 338
Vave.com - Crypto Casino
November 14, 2019, 11:38:48 AM
#23
Probably the Chess Masters.
When I trade Bitcoin, I don't care if I lose anyway as long as those amount were worth losing for. I don't involve emotions when I trade either short or long-term trading. The important thing is I learn on either results.
When we're talking about Chess Masters, it isn't just a thorough thinking of strategies. It is clear mindset with only one goal in mind and could adapt to any what-ifs.
What do you mean by worth losing? For what? If i were you i would not stick to a single straight strategy when trading, you have to be flexible too. Like switching to surfers from chess master instead, there is nothing wrong in switching like a bandwagon it is only for the profit that's why you do it. Be wise next time, mate.
hero member
Activity: 1680
Merit: 655
November 14, 2019, 11:28:30 AM
#22
I'm not aware of the terms you have explained right now but I don't think most of them have a choice. If you think about “surfers” you will notice that they are trading more frequently compared to the “chess masters” because most of them didn't have the chance to buy Bitcoin at a cheaper price now their only way of maximizing their profits is to take advantage of the volatility. Unlike chess masters who have bought it at a cheaper price they have an option to wait and cash out big time because they have a margin of safety on their side.
legendary
Activity: 3542
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Cashback 15%
November 13, 2019, 06:47:51 AM
#21
I’d honestly pick a combination of both all day knowing that in trading, no single strategy can actually work to achieve your millions and you’d have to incorporate a lot of techniques and data in order to be successful. A chess master and a surfer has their own merits when it comes to trading, one guy from getting the right techniques and the other one from getting the techniques based on whatever circumstances the environment throws at him. A trader who has both of these traits will always take profits no matter what.
legendary
Activity: 2282
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November 13, 2019, 04:48:09 AM
#20
Ever wondered why some bitcoin traders are drawn to go out scalping every fast-rolling wave gliding across the screen while others will sit in the comfort of the beach club—mojito in hand—and play the tide instead?
There is a good comparison, you need to have the patience like a chess master to get you the profits and not to panic if you see that the market is going crazy in both direction and bitcoin is having the most volatility than any other market and people tend to panic when the market goes down and hence even there is a small correction people tend to panic and sell their coins thinking for the worst and during these situation if you are smart enough to have the patience then you will succeed.
sr. member
Activity: 1221
Merit: 250
November 13, 2019, 04:27:07 AM
#19
Probably I'm more of a surfer, Lol, first of all I'm a gambler, so I don't do any math but put everything on my luck. Same goes for my trading strategy, of course I read lots of TA's around, but at the end of the day, I just follow my instincts based on what I feel, yeah call me crazy, but it is what it is.

In my opinion, technical analysis does not work on the cryptocurrency market, so your way may be better. Often instinct (which is also created on the basis of experience) is more important than the lines on the chart. Often, trading on the cryptocurrency market is compared to a lottery, so your way may be the most accurate.  Wink
hero member
Activity: 2660
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November 13, 2019, 03:04:08 AM
#18
Probably I'm more of a surfer, Lol, first of all I'm a gambler, so I don't do any math but put everything on my luck. Same goes for my trading strategy, of course I read lots of TA's around, but at the end of the day, I just follow my instincts based on what I feel, yeah call me crazy, but it is what it is.
legendary
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November 13, 2019, 01:59:23 AM
#17
Reading the title is already hilarious.
But what is better?
After I read the title I already what will be inside the discussion.
Yeah, I already knew that I am a surfer.
I go use my instincts everyday. I am not the type to go looking for so many answers which will just lead into wasting more time.
Read freaks might do that but when you are in the face of the computer everyday it is an eyesore already.
Better to be a surfer, or a gambler.  Grin
legendary
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November 13, 2019, 01:33:55 AM
#16
I'm more of a hybrid between the two. I usually pay attention to the charts and base my decision off of that. However, sometimes I'll look at a chart that's stale and hasn't really done a whole lot in a while. That's when my "surfer" instincts come in. Here lately, I've been buying into the stale chart coins. Seems like they usually skyrocket up or freefall down at the end of the stale movement. More of than not, they tend to go up though from what I've noticed.
sr. member
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November 13, 2019, 12:16:13 AM
#15
Ever wondered why some bitcoin traders are drawn to go out scalping every fast-rolling wave gliding across the screen while others will sit in the comfort of the beach club—mojito in hand—and play the tide instead?

Surfers play by feel, remain cool under pressure and make the most out of their instincts...

Chess masters are analytical freaks, follow hard rules and always stick to their trading system...

Which side do you lean towards the most?

Either way, it's a hilarious read!! Trading Bitcoin: Chess Masters vs. Surfers
I have progress for both because I always divide into many trading orders according to the results of the analysis, but indeed more often become a chess master with monthly technical prepositions, and if there is a strong trend, I will put other capital for scalping, I may not pass this momentum, this is very fun despite spending more time, I consider it a hobby.
hero member
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November 12, 2019, 08:45:16 PM
#14
Chess Masters. I'm more rigid and follow rules strictly. I really have a difficult time trying to follow my feelings sometimes cause I believe it is quite inefficient? Sure, at times, it may give proper response and potential returns, but in the end, a rigid structure may be hard to follow, but can bring returns most of the time.

I can't categorised myself, but I will be more willing to lean on the surfers side. I mean I'm not that analytical guy and I don't have an army of bots in my side.

So I just ride the waves, but I don't used my instinct that much as well. Or for the majority of traders, I think they could be just a hybrid of the two,  Smiley.
You're probably more of a hybrid. By the end of the day, a trader would somehow one way or another analyze things based on his own way or style. Someone who trades solely based on his feelings can be said to be someone extremely lucky, or extremely crazy.
jr. member
Activity: 88
Merit: 9
November 12, 2019, 05:41:11 PM
#13
90% long term surfer, 10% chess master since its fun to try and time the market and can give good short-term gains if you do it right
legendary
Activity: 1624
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Bitcoin FTW!
November 12, 2019, 05:39:21 PM
#12
Most remotely successful traders I know don't rely a ton on their instincts and let their analysis, trading and risk management plans to make decisions, and IMO it's especially important for beginners that they follow rules closely until they gain more experience because emotions are usually the main thing that causes people to lose money. There's been a lot of times in the past and especially recently that my gut's been telling me to close out a position early or cut losses extremely early, but my analysis and plan has said otherwise and saved me. It's definitely up to your style at the end of the day, but most people will find following a plan to be the best way to go about trading.
sr. member
Activity: 812
Merit: 257
November 12, 2019, 05:26:57 PM
#11
everyone has a different character so is the way they trade, some like scalping and some like the long term, In my opinion, crypto trading is less effective for scalping except using margin trading or bot.
sr. member
Activity: 1221
Merit: 250
November 12, 2019, 12:16:17 PM
#10
I am more lean toward surfer play by feel, but this is not something good based on my experience this way is only suitable when the market is bullish, why? because surfer needs waves and waves describes something that goes up and down, meaning when there is a decrease there will definitely be an increase and so on, buy when down sell when rise. but this is will hurt you soon or later, sometime must be chess master.

On a downtrend you'd want to short the coin and re-buy when price stabilizes at a lower price... Get it right and you will have multiplied your assets...

 Cheesy It seems that this is what cryptocurrency trading is about.. And basically trading everything.. Buy low, sell high.
Unfortunately, this market has a low market cap and whales can still manipulate it, which is why this game is not only very difficult, but small fish are practically doomed to lose.
hero member
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November 11, 2019, 12:42:17 PM
#9
Ever wondered why some bitcoin traders are drawn to go out scalping every fast-rolling wave gliding across the screen while others will sit in the comfort of the beach club—mojito in hand—and play the tide instead?

Surfers play by feel, remain cool under pressure and make the most out of their instincts...

Chess masters are analytical freaks, follow hard rules and always stick to their trading system...

Which side do you lean towards the most?

Either way, it's a hilarious read!! Trading Bitcoin: Chess Masters vs. Surfers


To win in the trading game, You've to master attributes of both surfers and chess masters. Chess masters act more like technical analysts and surfers are more of emotional /sentimental so majority of their decisions are based on their feelings. But you can stay ahead of the market if you manage to get both to work at the same time. This is a money game. If you're not winning, You're losing.

copper member
Activity: 87
Merit: 6
November 11, 2019, 10:57:39 AM
#8
I am more lean toward surfer play by feel, but this is not something good based on my experience this way is only suitable when the market is bullish, why? because surfer needs waves and waves describes something that goes up and down, meaning when there is a decrease there will definitely be an increase and so on, buy when down sell when rise. but this is will hurt you soon or later, sometime must be chess master.

On a downtrend you'd want to short the coin and re-buy when price stabilizes at a lower price... Get it right and you will have multiplied your assets...
sr. member
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November 11, 2019, 09:04:11 AM
#7
Ever wondered why some bitcoin traders are drawn to go out scalping every fast-rolling wave gliding across the screen while others will sit in the comfort of the beach club—mojito in hand—and play the tide instead?

Surfers play by feel, remain cool under pressure and make the most out of their instincts...

Chess masters are analytical freaks, follow hard rules and always stick to their trading system...

Which side do you lean towards the most?

Either way, it's a hilarious read!! Trading Bitcoin: Chess Masters vs. Surfers

The surfers might be got a lot profits because they trust their feel and their feeling is true, but i'm sure it won't last. Trading without deep analysis and just rely on feelings will ended bad because they always trust their feeling in every trades and sometimes their feeling go wrong.
legendary
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November 11, 2019, 08:58:11 AM
#6
I am more lean toward surfer play by feel, but this is not something good based on my experience this way is only suitable when the market is bullish, why? because surfer needs waves and waves describes something that goes up and down, meaning when there is a decrease there will definitely be an increase and so on, buy when down sell when rise. but this is will hurt you soon or later, sometime must be chess master.
sr. member
Activity: 1221
Merit: 250
November 11, 2019, 06:56:32 AM
#5
Ever wondered why some bitcoin traders are drawn to go out scalping every fast-rolling wave gliding across the screen while others will sit in the comfort of the beach club—mojito in hand—and play the tide instead?

Surfers play by feel, remain cool under pressure and make the most out of their instincts...

Chess masters are analytical freaks, follow hard rules and always stick to their trading system...

Which side do you lean towards the most?

Either way, it's a hilarious read!! Trading Bitcoin: Chess Masters vs. Surfers

Many times I tried to keep up with market movements, but this is impossible. There are too many robots on the exchanges that will always be faster than the human hand. In my opinion, it is best to invest in the long term. So buy, transfer to a cold wallet, sit back with mojito and wait.

So you are more on the chess master side of things I guess!

I think so ... You know ... Sometimes I see that the price of some coins goes up and falls, and it repeats. Then I try to catch the waves, but unfortunately sooner or later the wave catches me Smiley It's a bit like playing in a casino. You'll succeed a few times, but at the end of the day you'll lose. Unfortunately, but I think that even if I will spent all my time to analysis I could not keep up with it. So yes, I'm more holder, believer, chess master .. I think so.
hero member
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November 11, 2019, 05:56:04 AM
#4
I can't categorised myself, but I will be more willing to lean on the surfers side. I mean I'm not that analytical guy and I don't have an army of bots in my side.

So I just ride the waves, but I don't used my instinct that much as well. Or for the majority of traders, I think they could be just a hybrid of the two,  Smiley.

But at the end of the day, which strategy are perfect to you then go by it. You don't need to choose any side, in my opinion.
copper member
Activity: 87
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November 11, 2019, 05:52:39 AM
#3
Ever wondered why some bitcoin traders are drawn to go out scalping every fast-rolling wave gliding across the screen while others will sit in the comfort of the beach club—mojito in hand—and play the tide instead?

Surfers play by feel, remain cool under pressure and make the most out of their instincts...

Chess masters are analytical freaks, follow hard rules and always stick to their trading system...

Which side do you lean towards the most?

Either way, it's a hilarious read!! Trading Bitcoin: Chess Masters vs. Surfers

Many times I tried to keep up with market movements, but this is impossible. There are too many robots on the exchanges that will always be faster than the human hand. In my opinion, it is best to invest in the long term. So buy, transfer to a cold wallet, sit back with mojito and wait.

So you are more on the chess master side of things I guess!
sr. member
Activity: 1221
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November 11, 2019, 05:39:05 AM
#2
Ever wondered why some bitcoin traders are drawn to go out scalping every fast-rolling wave gliding across the screen while others will sit in the comfort of the beach club—mojito in hand—and play the tide instead?

Surfers play by feel, remain cool under pressure and make the most out of their instincts...

Chess masters are analytical freaks, follow hard rules and always stick to their trading system...

Which side do you lean towards the most?

Either way, it's a hilarious read!! Trading Bitcoin: Chess Masters vs. Surfers

Many times I tried to keep up with market movements, but this is impossible. There are too many robots on the exchanges that will always be faster than the human hand. In my opinion, it is best to invest in the long term. So buy, transfer to a cold wallet, sit back with mojito and wait.
copper member
Activity: 87
Merit: 6
November 11, 2019, 05:30:37 AM
#1
Ever wondered why some bitcoin traders are drawn to go out scalping every fast-rolling wave gliding across the screen while others will sit in the comfort of the beach club—mojito in hand—and play the tide instead?

Surfers play by feel, remain cool under pressure and make the most out of their instincts...

Chess masters are analytical freaks, follow hard rules and always stick to their trading system...

Which side do you lean towards the most?

Either way, it's a hilarious read!! Trading Bitcoin: Chess Masters vs. Surfers
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