Crypto investing is essentially zero-sum at this point. You will maximize expected returns on investment by being better informed, better connected, or better resourced than most of the other fish in the shark tank.
If you were better connected or better resourced, you probably wouldn’t be posting here but using your connections or paying people to give you private advice. You can become better informed than you are now, but it will likely take at least a year to become better informed than average. There are enormous numbers of unavoidable risks in crypto investing, so even with the best possible information you should be prepared to lose everything you invest, and (if you try to leverage your investments for higher returns on things that seem like safe bets) be prepared for bankruptcy or worse.
If that sounds like a reasonable risk, go for it! Other people may have more specific advice on how to become better informed.
Thank you very much for taking the time to respond. I appreciate it greatly. Your assessment (that I’m not well-connected or well-resourced) is correct. I am also, as you can see, not well-informed.
It would appear that trading in altcoin is essentially like glorified, overly-hyped-up casino gambling. There are ways to get an edge on it, but I suspect that also comes down to who you know, not what. Alas.
Crypto investing is essentially zero-sum at this point. You will maximize expected returns on investment by being better informed, better connected, or better resourced than most of the other fish in the shark tank.
If you were better connected or better resourced, you probably wouldn’t be posting here but using your connections or paying people to give you private advice. You can become better informed than you are now, but it will likely take at least a year to become better informed than average. There are enormous numbers of unavoidable risks in crypto investing, so even with the best possible information you should be prepared to lose everything you invest, and (if you try to leverage your investments for higher returns on things that seem like safe bets) be prepared for bankruptcy or worse.
If that sounds like a reasonable risk, go for it! Other people may have more specific advice on how to become better informed.
Thank you very much for taking the time to respond. I appreciate it greatly. Your assessment (that I’m not well-connected or well-resourced) is correct. I am also, as you can see, not well-informed.
It would appear that trading in altcoin is essentially like glorified, overly-hyped-up casino gambling. There are ways to get an edge on it, but I suspect that also comes down to who you know, not what. Alas.