The Speculative Nature of Crypto Markets

in crypto •  4 months ago

    It is difficult to trade pure volatility. As much as I dislike Meet Kevin, he a made a good point the other day. He said unlike stocks, where there is a business with earning reports, profit margins, guidance, etc, crypto in general has none of that. The volatility is, on the most part, purely speculative. I feel like it is so strongly so, that even basing thesis on a particular projects happenings, it is still overridden by the speculative nature of crypto apes.
    I recommend getting a hold of historic data and back testing theories on data. I find it quite difficult to have meaningful and repeatable percentages when looking purely at market data. Just short term success under certain conditions. Thats why now I focus primarily on sentiment for shorter term stuff (which I keep only a small budget for), and otherwise focus on projects that meet certain criteria for me and do a longer term DCA in/out on the greater market cycles. Not as exciting, and much more longer term, but I have better results overall this way. With the added benefit of not needing hourly attention and without the stresses. The strongest signals and most reliable signals I find is from Moving Averages. In the long term they just mask everything from whatever candles and patterns are doing, and helps better clear the direction and target take profit and stop loss prices. terracore

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