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Most people think the big money in crypto is in day trading, but the holy grail in cryptocurrency industry right now is spotting the gems before the public knows about it. Understanding pre-sale, public sale and pre-exchange purchase arrangements is so vital for massive profits.
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centuries-long debate over the nature of money can be reduced to two sides. One school sees money as merely a commodity, a preexisting thing, with its own inherent value. This group believes that societies chose certain commodities to become mutually recognized units of exchange in order to overcome the cumbersome business of barter. Exchanging sheep for bread was imprecise, so in our agrarian past traders agreed that a certain commodity, be it shells or rocks or gold, could be a stand-in for everything else. This “metallism” viewpoint, as it is known, encourages the notion that a currency should itself be, or at least be backed by, some tangible material. This orthodox view of currency is embraced by many gold bugs and hard-money advocates from the so-called Austrian school of economics, a group that has enjoyed a renaissance in the wake of the financial crisis with its critiques of expansionist central-bank policies and inflationary fiat currencies. They blame the asset bubble that led to the crisis on reckless monetary expansion by unfettered central banks. The other side of the argument belongs to the “chartalist” school, a group that looks past the thing of currency and focuses instead on the credit and trust relationships between the individual and society at large that currency embodies. This view, the one we subscribe to and which informs
Paul Vigna (The Age of Cryptocurrency: How Bitcoin and Digital Money Are Challenging the Global Economic Order)
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Michael Lewis (Going Infinite: The Rise and Fall of a New Tycoon)
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Michael Lewis (Going Infinite: The Rise and Fall of a New Tycoon)
Track Your Favorite Instruments I have met so many traders whose trading journey ends up looking something like this: One month they’re trading stocks (“we’re in a bull market, man!”) When that didn’t work out, they jump to options (“strangles and spreads, that’s where it’s at, baby!”) When that didn’t work out, they jump to forex (“I just bought this forex robot, it does all the trading for me!”) When that inevitably didn’t work out, they jump onto Bitcoin (“it’s gonna replace money!”) When that didn’t work out, they jump on social media (“I saw this ad on Facebook about trading binary options…”) By now, they have to go back to work, because they have blown up whatever trading capital they had left.
Simon Ree (The Tao of Trading: How to Build Abundant Wealth in Any Market Condition)
The next time $BTC #Bitcoin drops $10,000 in a day (and it will) try to remember that is a buying opportunity, not a panicking opportunity.
Cheds (Trading Wisdom: 50 lessons every trader should know (Trading Wisdom Series Book 1))
The most regulated exchanges, such as Bitstamp, GDAX, and Gemini, offer the fewest cryptoassets because they wait to ensure an asset is past a certain level of maturity before adding it to their platform. Other exchanges, such as Poloniex or Bittrex, add assets much earlier in their lives, so more aggressive or adventurous traders tend to use these platforms.
Chris Burniske (Cryptoassets: The Innovative Investor's Guide to Bitcoin and Beyond)
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