Hacker News Reader

Comment by whoisjuan | Hacker News Reader

That doesn't even make sense. Anyone that is attempting to invest in crypto is a noob, even the ones that claim to be 'experts'. Nobody had any type of signaling to predict a price deflation for any of the crypto assets. The hard lesson is about timing, not about expertise.

View on HN

Not really. If you had experience trading other financial markets it was way easier. Because the crypto markets are still quite small, they are very inefficient, thus it's much easier to make money here than in the stock market for example.

Not 100% true. It's a small market full of inexperienced investors. It's easy enough to play it as such and come out a winner. For example, all the price movements are exaggerated because novice investors lack emotional control -- they get too greedy when the price is going up (magnifying the upward trend) then sell in a panic when the trend starts to reverse.

I often make better returns in a sideways crypto market than buy-and-hold gives me in the stock market.

Signals were given. The RSI and stochastic RSI both gave loud signals that a reversal was going to take place when it did.

> Anyone that is attempting to invest in crypto is a noob

Undoubtedly many are, probably even a majority. But what makes you say everyone is? To me the probability of that is close to zero.

As a day trader for about 5 years, I could (and did) almost perfectly guess the price runups after breakouts, and knew 20k was sell time...it was a super easy chart to read in fact.

All the moves were textbook.

Reply on news.ycombinator.com