This is why I prefer trading cryptos. Look what just happened to one of the stocks I own! No warning. No chance to get out before the disaster because stock markets don't trade 24/7 like crypto markets do. They close at one price. Then the company announces a surprise fall in profits, and when the market reopens, it's down almost 30%.
At least when BTC falls 30%, it doesn't fall in an instant! I am always able to sell my cryptos in the early stages of a price crash and get out with most of my profits intact. As you can see, I can't always do the same with stocks.
I got out of Bitcoin and other cryptos as the bubble was popping in late 2017 and early 2018. I kept my profits. Meanwhile, old-school finance people have the cheek to complain that crypto is too risky and volatile! SMH.
At least when BTC falls 30%, it doesn't fall in an instant! I am always able to sell my cryptos in the early stages of a price crash and get out with most of my profits intact. As you can see, I can't always do the same with stocks.
I got out of Bitcoin and other cryptos as the bubble was popping in late 2017 and early 2018. I kept my profits. Meanwhile, old-school finance people have the cheek to complain that crypto is too risky and volatile! SMH.
Note
....but on the other hand, I love it when this happens to one of my stocks, as it did today.
THE CRYPTO TRADER: How anyone can make money trading Bitcoin and other cryptocurrencies
Published by Harriman House.
This link should take you to your local Amazon site.
getbook.at/TheCryptoTrader
Published by Harriman House.
This link should take you to your local Amazon site.
getbook.at/TheCryptoTrader
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
THE CRYPTO TRADER: How anyone can make money trading Bitcoin and other cryptocurrencies
Published by Harriman House.
This link should take you to your local Amazon site.
getbook.at/TheCryptoTrader
Published by Harriman House.
This link should take you to your local Amazon site.
getbook.at/TheCryptoTrader
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.