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It's an open secret that "buy and hold" is hard to beat. This is the reason why ETFs and other unmanaged asset options have become so popular in recent years.
by bhaak 9y ago
It's an open secret that "buy and hold" is hard to beat.
This is the reason why ETFs and other unmanaged asset options have become so popular in recent years.
But that insight is not new. The phrase "time in the market beats timing the market" goes way back and also popular stock market participants like Buffet or Kostolany have been saying this for decades.
With regards to cryptocurrencies, we are seeing in a condensed time frame the same development that for example the stock market went through. Cryptocurrencies might become a new asset class but that doesn't mean that it works financially differently than the other asset classes. So it should be no surprise that the same trading strategies end up being the most profitable.