/biz/ - Business & Finance

As you know - the crypto market is utterly fucked right now, so how about we actually help eachother instead of shilling or shitposting for once?

After all - maybe the real gains were the friends you made along the way.

Tip 1: The general rule of markets are:

Short term - momentum of the current trend
Long term - regression to the mean

In stocks ST is usually a day / week, long term is 5 years. Crypto is probably 20x faster than that so act accordingly.

Tip 2: There are people out there with more capital, better bots more insider knowledge than you will ever have, therefore trying to time the markets is not a great strategy.

Focus on fundamentals and pick things which you think the price mechanism has failed due to the market not understanding the underlying asset value.

Your whole job should be trying to find market anomalies and benefiting form them. If someone is shilling something here, it is already too late. You don't always have to be contrarian but it helps.

Tip 3: The market moves on the perceived expectation to how the market WOULD move given certain news relating to an underlying asset, that is all.

Tip 4: TA is generally useless - for some reason TA seems to be popular in the USA, maybe because there is a culture of "investor guru's" and namefags there, but literally TA is absolutely useless.

TL;DR - I'm drunk so add some things to these shit tier tips.

Why is the BTC price the exact mirror of the silver price but on a 1/20 time scale?