Been trading cryptocurrency fo-To The Moon - Tiger Brokers Online Investing Community - To The Moon

Been trading cryptocurrency for a while. Just like to weigh in on some matters regarding crypto trading:

1. More often than not, most cryptocurrencies do not have any intrinsic use case. Value assigned to tokens is just based on demand/supply, with no underlying worth to the currency.

2. Playing the cryptocurrency market is this akin to gambling. With no real value to most currencies, the ability to make money in the cryptocurrency sphere depends on being able to bring in more demand for the currency/reduction of supply.

3. As such, most of crypto trading requires the throwing of rationality out of the window. Understanding the market becomes an emotions game, and being able to trade properly requires one to be able to read the actions/emotions of others.

4. DD is a game of doxxing the founders, and trawling blockchains to find suspicious trades.

5. I would say that it is possible to make money from the crypto market, but I wouldn't commit a fortune to it. Most money made there do not last, and any money made there should be counted a blessing. With that said I would still hold a portfolio of cryptocurrencies, but nothing that would result in starvation shld the market collapse.

Invest in BTC, Miners or ETFs?

Bitcoin and miner stocks are undoubtedly the brightest stars in the market with expectations of spot Bitcoin ETF brewing. ------------- Do you invest Bitcoin or miner companies or ETFs? Will you buy crypto assets now? Or wait for the approval of spot ETFs?

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

33

1

{"i18n":{"language":"en_US"},"detailType":1,"isChannel":false,"data":{"magic":2,"id":256148270248120,"tweetId":"256148270248120","gmtCreate":1703570346600,"gmtModify":1703577903406,"author":{"id":4087121953774080,"idStr":"4087121953774080","authorId":4087121953774080,"authorIdStr":"4087121953774080","name":"Moonlight23","avatar":"https://static.tigerbbs.com/28d87d8f2ae0fbc1eb42fa63744b7b78","vip":1,"userType":1,"introduction":"","boolIsFan":false,"boolIsHead":false,"crmLevel":2,"crmLevelSwitch":1,"currentWearingBadge":{"badgeId":"972123088c9646f7b6091ae0662215be-3","templateUuid":"972123088c9646f7b6091ae0662215be","name":"Legendary Trader","description":"Total number of securities or futures transactions reached 300","bigImgUrl":"https://static.tigerbbs.com/656db16598a0b8f21429e10d6c1cb033","smallImgUrl":"https://static.tigerbbs.com/03f10910d4dd9234f9b5702a3342193a","grayImgUrl":"https://static.tigerbbs.com/0c767e35268feb729d50d3fa9a386c5a","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2024.07.20","exceedPercentage":"93.60%","individualDisplayEnabled":0},"individualDisplayBadges":[],"fanSize":89,"starInvestorFlag":false},"themes":[{"themeId":"9d33a66cbe7040ad9212cbabe40abe9d","categoryId":"7a15628ce2174325bddc6229505e0d70","name":"Invest in BTC, Miners or ETFs?","type":0,"rnLink":"https://laohu8.com/RN?name=RNTheme&page=/theme/detail&rndata={\"themeId\":9d33a66cbe7040ad9212cbabe40abe9d}&rnconfig={\"headerBarHidden\": true}","description":"Bitcoin and miner stocks are undoubtedly the brightest stars in the market with expectations of spot Bitcoin ETF brewing.\n-------------\nDo you invest Bitcoin or miner companies or ETFs?\nWill you buy crypto assets now?\nOr wait for the approval of spot ETFs?","image":"https://community-static.tradeup.com/news/34868b138d33fb6224168943fe1c2384"}],"images":[],"coverImages":[],"html":"<html><head></head><body><p>Been trading&nbsp;cryptocurrency for a while. Just like to weigh in on some matters regarding crypto trading:</p>\n<p>1.&nbsp;More often than not, most cryptocurrencies do not have any intrinsic use case. Value assigned to tokens is just based on demand/supply, with no underlying worth to the currency.&nbsp;</p>\n<p>2. Playing the cryptocurrency market is this akin to gambling. With no real value to most currencies, the ability to make money in the cryptocurrency sphere depends on being able to bring in more demand for the currency/reduction of supply.&nbsp;</p>\n<p>3. As such, most of crypto trading requires the throwing of rationality out of the window. Understanding the market becomes an emotions game, and being able to trade properly requires one to be able to read the actions/emotions of others.&nbsp;</p>\n<p>4. DD is&nbsp;a game of doxxing the founders, and trawling blockchains to find suspicious trades.&nbsp;<br></p>\n<p>5. I would say that it is possible to make money from the crypto market, but I wouldn't commit a fortune to it. Most money made there do not last, and any money made there should be counted a blessing. With that said I would still hold a portfolio of cryptocurrencies, but nothing that would result in starvation shld the market collapse.<br></p></body></html>","htmlText":"<html><head></head><body><p>Been trading&nbsp;cryptocurrency for a while. Just like to weigh in on some matters regarding crypto trading:</p>\n<p>1.&nbsp;More often than not, most cryptocurrencies do not have any intrinsic use case. Value assigned to tokens is just based on demand/supply, with no underlying worth to the currency.&nbsp;</p>\n<p>2. Playing the cryptocurrency market is this akin to gambling. With no real value to most currencies, the ability to make money in the cryptocurrency sphere depends on being able to bring in more demand for the currency/reduction of supply.&nbsp;</p>\n<p>3. As such, most of crypto trading requires the throwing of rationality out of the window. Understanding the market becomes an emotions game, and being able to trade properly requires one to be able to read the actions/emotions of others.&nbsp;</p>\n<p>4. DD is&nbsp;a game of doxxing the founders, and trawling blockchains to find suspicious trades.&nbsp;<br></p>\n<p>5. I would say that it is possible to make money from the crypto market, but I wouldn't commit a fortune to it. Most money made there do not last, and any money made there should be counted a blessing. With that said I would still hold a portfolio of cryptocurrencies, but nothing that would result in starvation shld the market collapse.<br></p></body></html>","text":"Been trading cryptocurrency for a while. Just like to weigh in on some matters regarding crypto trading: 1. More often than not, most cryptocurrencies do not have any intrinsic use case. Value assigned to tokens is just based on demand/supply, with no underlying worth to the currency. 2. Playing the cryptocurrency market is this akin to gambling. With no real value to most currencies, the ability to make money in the cryptocurrency sphere depends on being able to bring in more demand for the currency/reduction of supply. 3. As such, most of crypto trading requires the throwing of rationality out of the window. Understanding the market becomes an emotions game, and being able to trade properly requires one to be able to read the actions/emotions of others. 4. DD is a game of doxxing the founders, and trawling blockchains to find suspicious trades. 5. I would say that it is possible to make money from the crypto market, but I wouldn't commit a fortune to it. Most money made there do not last, and any money made there should be counted a blessing. With that said I would still hold a portfolio of cryptocurrencies, but nothing that would result in starvation shld the market collapse.","highlighted":1,"essential":2,"paper":1,"likeSize":33,"commentSize":0,"repostSize":1,"favoriteSize":0,"link":"https://ttm.financial/post/256148270248120","repostId":0,"isVote":1,"tweetType":1,"viewCount":974,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":["COIN","MARA"],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":993,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/256148270248120"}