I love rock climbing, trading (cryptocurreny, stocks, day trading, swing trading, investing), and travelling! Full time trader since 2016. Not investing advice.
My trading has been ruled by the Pareto Principle. 85% of my career profits have come from 15% of trades. This means that 85% of my trades are throw aways. This means that my job is to allow the 15% become the 15% and apply aggressive trade mgmt to the 85%
Can't wait for a cryptocurrency with the ethics of Uber, the censorship resistance of Paypal, and the centralization of Visa, all tied together under the proven privacy of Facebook.
Bitcoin difficulty adjustments alter the difficulty of miners finding blocks. There have only been 7 instances where the monthly difficulty adjustments have declined. These decreases have done a good job of locating cyclical bottoms. So far, so good.
I've said it for years and will repeat myself again. Tether is the single biggest systemic risk to crypto. I have been proven wrong so far and I hope I will continue to be proven wrong but we as an industry need to diversify away from relying on a single non-regulated stablecoin.
Made a decent trade trade this morning based on almost exclusively market depth data. I really wish this data was as accessible when trading stocks.
#crypto#cryptocurrency
@CNBCFastMoney@MarkYusko Bitcoin is uncorrelated with the stock market and can be a smart way to diversify a portfolio if you believe in its long term potential. However, the average investor should not invest more than 5-10% into cryptocurrency. Stocks should remain the portfolios backbone.
JPMorgan is claiming the recent bitcoin price increase mirrors price action at the end of 2017. In my opinion it more closely resembles the sharp rally from ~$250 to ~$500 in late 2015, as this was the first major rally after the 2014-2015 bear market.
https://t.co/LBTgeVE7t3