Bro did you see this coffeezilla vid yesterday?
4M/year from selling forex bs.
The best part on the question how do you know the price goes up: "I just know, I can't explain it..."
...
So you are telling me even if you are this market wizard (which he is not) yoi are saying you can't explain what you are doing AND STILL people pay you 4M for you to explain what you are doing...
I am amazed
https://t.co/HOXK0aHobW
What do you guys use as a simple marked hedge in crypto to run a market neutral strategy against?
The problem I am talking more about an equal risk weighted market index.
So BTC is not really the answer because this index looks a lot more like the Alts chart than BTC.
(Same for ETH)
Yes, very true. Most directional crypto shops are still in deep DD or are just recovering.
The sad part is that many investors have it even worse.
Because these funds get most of their money during peak mania.
Same as people buying crypto outright.
Which means they buy at the top and then often quite during the DD.
Also most directional crypto funds are just a bet on the altcoin market as they try to punt whatever they feel like is hot.
They want to make higher returns than BTC so they take more risk.
Fun fact: Everyone is making money on Crypto Twitter, right?
Meanwhile: Most of professional directional trading shops in crypto are underwater or they are just getting out of multi-quarter drawdown.
Source of information: Professional crypto trading allocators.
These #1 awards are so stupid...
Funds that use them to brag should probably be avoided.
They are for the "best performance" in a single month...
You can be down 99% because your startegy is to buy shitcoins (which is the strategy of many funds) and for one month your shit investment returns 60% or whatever and you are the top performing fund for this month because you went all in on the garbage that ran the most...
Yes and a big problem is that trading strategies are actually harder to understand than investing in companies (or crypto).
There it is company makes more money / more people talk about my crypto -> price go up -> good
That is just not the case with trading strategies.
So I think one of the biggest problem is understanding what they are investing in.