Well if your here you must be wondering about Bitcoin and the new world of investing.
First and for most what you should understand about trading and what your whole picture should be:
I would like to remind you why 1 bitcoin is worth what 1 bitcoin is worth(alot). It is because of the rarity and technology and a service the world could use, however there is one key thing and that is rarity.
How are there bitcoin millionaires:
I like to think of it a early adopters held on to them until they were worth nothing, the first holders were true believers! What are we now a bunch of people with money throwing it in and trading it without much thought to either the rare idea or the technology. If the early adopters of bitcoin held on when they were just an idea and are now worth millions possibly billions, they only got their because they held on to it with belief.
I have a hard time thinking anyone could trade bitcoin/altcoin. If you truly wanted the million dollar dream of being rich, just buy bitcoin/altcoin and come back 1 time a year to check on it. If you find yourself trading like a broker that just becomes gambling, unless you have absolutely researched several coins and are trading beteween them. Even then I would think of the coins your trading that it would be better left just to sit!
Trying to put coins here or there is always risky. Each coin is the next great thing it will make you a millionaire quick. Maybe but not QUICK.
So I am wondering if there are more millionaires that are traders or believers. Ask yourself this question, how many companies are billion dollar companies how lucky would you be to be in one that, the worthless stock they gave you for working there for low pay would be worth a million dollars someday? News Flash: You are hear
Using the answer to the question if you were an early worker at Microsoft (who used to brag they had the most millionaire secretaries) your staying forever equals your rich! Not jumping jobs, quitting and certainly not if you trade stocks in for a new car. Now how many flash in the pan brokers are there that are very rich from there investments? : Not Many
So here is what I am getting to, wouldn't it be better for you financially to do good solid research and put money behind something you really believe in and stick it out, than to move it around willy nilly, without any knowledge (equals belief) literally gambling it to get rich?
That is how the moonshots are they are the extreme traders the ones that started the panic frenzy that comes with for fear of missing out (FOMO). Liiterally causing the masses to rush to the play, that will ultimately win extreme traders tons of bitcoin and leave many who will lose! So I would think by now you really seem where I am going.
Good things happen with savings and time maybe the best gurantee.
A million lines in between, split 50/50 with losers, winners and extreme winners.
So where does holding come in, with the same 50/50 of losers winners and extreme winners!
Well, that is the only thing I would advise new people to crytocurrency and old people who may have gotten here without research. I would find it hard to figure that anyone would want to put up with the highs and lows of contantly losing and winning or kick back relax and get the exact same outcome, How about you? Feel free to reply I would like to know!