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gaut
@gaut
Looking for genuine/thoughtful responses 🙏 Assuming you agree with the two statements below: 1. I can’t time markets 2. I’ve made many mistakes buying/selling specific coins What’s stopping you, today, from holding a diversified basket/index of the crypto market and holding it forever? And yes, it exists.
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Julien
@jec
A belief that a few 20x coins will return more than the many that go to zero and, net-net, outperform buy-and-hold. Active management is good in a venture-like portfolio.
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gaut
@gaut
Has that played out for you in practice over the course of a few years?
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Julien
@jec
It has! Mostly use CT for sourcing leads. Risk management learned from years of getting spanked in the forex markets.
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gaut
@gaut
glad to hear that’s the case for you. Unfortunately it usually doesn’t play out for the majority of people and they tend to just lose money trying to buy the next ticker on CT
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