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Can you expand on how having better-than-average knowledge about some crypto currencies allows you to make money investing in them?

I doubt you mean that you actually have knowledge of when and how the price is going to change. Are you just betting on a general increase in value, or doing some form of pairs trading or arbitrage? How comfortable are you with rapid 30% price swings?

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I'm very comfortable with rapid price swings. My strategy is to buy when they are silly underpriced and wait. They may drop further but almost always if there's a good dev team it'll jump when they have big enough news. So you just wait.

I've yet to be bold enough to short something overpriced but there are plenty of cases where something has struck me as obviously overpriced and within a year the price has corrected.

Game plan definitely involves waiting months at a time.

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