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People `HODL` about equities on the nasdaq just as well as they do in crypto. Crypto has more volatility though, to be sure. Leverage can be gained from all sor
by MrLeap 9y ago
People `HODL` about equities on the nasdaq just as well as they do in crypto. Crypto has more volatility though, to be sure. Leverage can be gained from all sorts of shinanegans, so an underlying asset's volatility is a little irrelevant, you just have to pull a lever to change it.
These days, I consider crypto to be equivalent to buying precious metals, going long volatility, etc. Just different leverage, and nobody knows if you're leading or trailing with correlation to other equities.
It's not free money, but I don't believe in the "it's just a matter of time til' you revert to the S&P ytd growth" meme either.
Full disclosure, I'm 0% in crypto except the 20~ BTC I lost in highschool when I dbanned to install slackware. These days I get my leaverage from volatility, metals and bonds. Scaling, and short/longing as my appraisal evolves.
- snuxoll 9y agoPersonally, the only stake I have in crypto is just mining on my gaming rig (that I bought to play games on) when I’m not using it - while it basically prints free money there’s little sense in me not doing so, and when it becomes unprofitable I just stop doing it. Miners buying GPU’s in the dozens are going to get burned eventually, don’t make yourself a statistic IMO.