Traders vs HODLers in Bitcoin

in #btc6 years ago

There are 3 types of persons.

1 - One of the types out there are talented traders that have 10/20+ years of experience. They have much experience and succes in trading a large number of financial assests. They recently entered BTC trading. Their BTC trades are often WRONG.

2 - Another type are the untalented traders, regardless of the years of expirience. They often don't have success. They may or may not be trading BTC for a long time (if long probably they burned out their equity). They sell every time BTC moves 100$ down, they buy every time it moves 100$ up. Their BTC trades are often WRONG.

3 - The HODLers. Their BTC trades most probably will be RIGHT.

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