@GeertNoels Zelf ook een meer vermogende en aan het plannen om misschien te verhuizen (vooral vanwege de onzekerheid en regeldrift + negatieve outlook over de toekomst in Belgie kwa belastingen).
When applied to alts, buy-and-hold transforms into something fundamentally different. People think they're doing buy-and-hold like they would with equities. They're not. In equities, buy-and-hold means you're participating in underlying business growth, cash flows, all that boomer stuff, etc. In altcoins, buy-and-hold means you're averaging down into declining positions, fighting the current trend, and betting on a reversal that the chart has given you absolutely no reason to expect.
You think you're doing buy-and-hold, but you're actually a trend trader who isn't following trends but trying to anticipate them. Trend following on altcoins is already challenging, but trend anticipation is exponentially worse in every imaginable regard. You're making an incredibly ambitious bet: you're betting not only that this specific coin will eventually set up a valid trend entry signal, but also that it will actually follow through with a sustained trend.
This is essentially betting that two unlikely events will both occur, in sequence, on an asset class that seems specifically designed to punish this exact approach. Most trend-following signals fail anyway; getting chopped up in false starts is the norm, not the exception. So you're stacking low-probability events on top of each other, which makes it one of the worst risk-adjusted strategies imaginable.
I built this #crypto#indicator over the last few years. It calls bottoms and tops.
If you’re interested in trying this out, comment “INDICATOR”, like and retweet.
$ETH $DOT $AVAX
@WyckoffAnalysis In case price is in a range, how do you prevent not getting chopped up in the range or underperforming heavily if the price stays in the range for a very long time (even if it might be an accumulation range)?
“abolish capitalism!”
cool. who grows the food???
no seriously—who’s out there at dawn breaking their back in the dirt, fixing broken irrigation lines, replacing a tractor axle in 110° heat—for free? because you think profit is mean?
who mines the lithium for your laptop, the cobalt for your EV battery, the iron for your train rails? who refines it? who ships it? who builds the ships? who insures them when they catch fire in the middle of the ocean?
who unloads the containers at the port? who drives the truck across 4 states? who services the diesel engine at the roadside stop in Nebraska when it breaks at 3am?
who keeps track of inventory, repairs the refrigeration system, updates the software, cleans the floors, builds the shelves, trains the workers, manages the risk, pays the legal fees, replaces the lightbulbs, handles the theft, the overtime, the breakdowns, the lawsuits?
who coordinates all of this across time zones and continents without profit?
you think the whole supply chain is just gonna keep running because everyone suddenly caught a case of the warm fuzzies???
you think people are going to wake up and go do hard, thankless, physical labor for vibes?
capitalism doesn’t work because people are good. it works because people are selfish and it figured out how to harness that into infrastructure. it’s the only system that survives human nature without needing to rewrite it
you kill profit, you kill production. you kill production, you kill logistics. you kill logistics, and suddenly it’s day four of your anti-capitalist utopia and the shelves are empty, the power’s out, the pharmacy’s closed, and nobody knows how to fix a fucking thing
anti-capitalism isn’t a philosophy. it’s a death wish dressed up as a virtue signal
it’s the aesthetic of rebellion powered by an iPhone, subsidized by Uber Eats, and resting on 400 years of industrial infrastructure you take for granted because you’ve never built a single useful thing in your life
you’re not oppressed. you’re just ungrateful
and the second you get your little no-profit revolution, you’ll find out exactly how long society runs on vibes: about three days, give or take—then the generators fail and you’re boiling rainwater so you can heat up your shitty powdered food