It will never generate the same returns that skilled long/short trading can pull, but I also never have a drawdown. Still managed >50% return last year so I’ll tale it.
It will never generate the same returns that skilled long/short trading can pull, but I also never have a drawdown. Still managed >50% return last year so I’ll tale it.
I'm also working on making more money with some trading, but I don't want to talk about it, and even in the best case it has only a small of upside compared to just holding Bitcoin itself.
I understand your viewpoint totally, as I saw many friends getting into deep depression because of the volatility of the Bitcoin price. It is very serious thing. One friend of mine got very strong into cocaine, another friend's marriage burned down, another friend started day trading alts and lost half of his Bitcoins, and another friend (the smartest one) realized that he can't take the volatility and sold after a 10% loss. I view holding Bitcoin as a revolution, so I'm emotionally attached to holding it even if its value goes to 0. Still, I'm a software engineer, so even in the worst case I just work and get a high salary and probably start investing again.
One thing you could do is to just buy Bitcoin with 1-2% of your net worth, which is a great hedge for the current financial system, and also maybe that loss / volatility you are able to stomach. You're upside will be tiny, but you will get used to volatility a bit more.