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I mean this is generally true for stock pickers also.

• nradov 4y ago
  Not really. The majority of frequent stock traders inevitably lose money. But since the majority of stocks do generate positive returns over the long term, the majority of stock pickers make money if they buy and hold. While those stock pickers come out positive on average, they usually do a little worse than if they had just purchased low-cost index funds.
  • celticninja 4y ago
    Same applies to bitcoin unless you bought in last 12 months or so
    • cuteboy19 4y ago
      But most people who bought did buy in that period. It's always going to be true that the average Bitcoin buyer lost money even if people higher in the pyramid have made a lot of money
  • sicp-enjoyer 4y ago
    You're mixing up two things: 1. How well do individual traders (people) perform? 2. How well do most investments perform? The majority of people in the stock market do lose, because it's psychologically hard to buy and hold. A common outcome is to hold for years in a 401k and then panic sell at a big dip, or family emergency. Another is to buy hot stocks on peak years (word of mouth) and then lose (happening right now). The same is true in cryptocurrency. If all you did was DCA buy and hold bitcoin over the past 3-8 years you are doing just fine. I am also not equating stocks and cryptocurrency. Stocks give you a right to cash flow and coins do not. However, similar psychological challenges hinder all investors.