Guilt by association. I heard Hitler liked peanut butter. And I heard you like peanut butter. Are you a Nazi?
Without disclosing any of your edge, is Cryptohopper something you're familiar with and have an opinion on? Bored working from home and you have provided some excellent info with your posts. Just opened a new crypto exchange account and cryptohopper account from a VPN overseas, so anynymous, no names, only fake emails. I'm confident to stay anonymous on cryptos, I'm thinking of throwing a couple of thousand $ worth and play with trading (while waiting for the crypto bull market). https://www.marketwatch.com/press-r...o-trading-bot-work-or-is-it-a-scam-2020-04-28
thb, I think it's a very goofy way of trading advanced strategies. The market making and arbitrage stuff is 100% BS, this kind of free money is long gone since HFT shops have taken over. I'd rather dive into the derivative space, especially options. From my understanding you're more of a longer term investor, so it probably makes sense to learn how to improve your return profile -> more consistent rewards and less drawdown during nukes. Skew is so ginormous that simply selling a call strip against your HODL portfolio makes a huge difference
I looked at cryptohopper. I'm not impressed. I think it's sort of pump-n-dump. The tipsters leave people holding the bag that are paying them. Meh.
Hear you 100% and you're correct that I'm a longer (forever) term crypto investor which is at odds posting on a site geared for trading. I'm not at the point of laying off the risk of cryptos' volatility, but your description of the drawdown is fair given that during the last half of March caused mark to market losses of more than my yearly salary. I'm not completely unfamiliar with options (traded calls and puts in the past, longs only) and while it would have been great to have sold calls against my holdings during that crash, I fear it would have completely decimated my portfolio with the rebound and my inability to time the trades. Plus, most of my holdings are in a staking coin (Tezos) and since I'm a solo-miner, my coins are locked validating the network and blocks and getting rewarded more coins in the process. Somewhat related to your posts is that I traded a small portion of the portfolio a week ago to 0x so gave me a chance to look into more stuff in your posts. Thank you for the feedback, I will most likely lose (small) amounts trying to learn to trade
I believe it can be used as a trading platform, can create strategies and it will execute the (automated) buys and sells to the crypto exchange. I figure I got a lot of time on my hands and there's only so many youtube videos and movies I can watch, why not learn to trade? The more likely scenario is that I will lose money, but since I don't trust any exchange, I don't see a need to leave more than $2K worth on the exchange for longer than 24 hours Another plus for cryptos is that one can open an account with no PII provided and fund it in 30 minutes (longer if you want anonymity, i.e. m0ner0 as intermediate transfer) and same with the withdrawal process, 24/7/365 to a bitcoin wallet.