I regularly have people contact me to ask about the "next big thing" that will pump and dump. They assume that since I spend so much time doing crypto stuff, I ought to have some insight about quick scalps.
Most of these coins come from either no coiners or people hovering at the periphery of the market. They either have none or very little idea about the market.
Most no coiners are of the opinion that being in the crypto industry means that you're a skilled trader. They assume that everyone that talks crypto spends hours looking at charts and trying to beat the odds for profit.
Well yes, we all like to do that but it's not exactly the way they picture it. Yes there are people who spend time on charts to make a profit and then there are people like me who just profit off the industry.
They are two very different things that live under the umbrella of cryptocurrencies. The day trader knows how to read TA to make well-timed decisions but I'm more of a Fundamental analyst, looking beyond quick scalps.
I can't say which is better and to be on the safe side, one should be able to make both technical and fundamental analyses. However, the point is both of them are important and through them, it will be easier for people to understand my participation in the market.
For me, I invest in coins based on what they can do and how I feel about their market potential based on that. That's why my portfolio is basically AVA, FORTH, Hive, and Hive-based tokens. This is excluding my DeFi farming coins.
For all the coins in my portfolio, I derive some value beyond their price in the market. The value may be governance, or discounts like in AVA, but the main point is that it offers something other than monetary value.
For the day trader, AVA may not even be a good buy at the moment. The day trader plots how to enter and leave the market with profit. Let's just say they're professionals at buying low and selling high.
Of course, it is more complicated than that. If you go in blind, you're going to get rekt or locked in a trade. Day traders take more risk and invariably earn more rewards in the process.
I don't know who earns more on a macro scale and that's not important for this post. The point I'm trying to make is that I'm not a day trader, so I'm not out there looking for a quick profit from daily trading cycles.
I'm a different kind of investor that focuses on the value that goes beyond just the price of the coin. When I decide to buy a coin, I like to use it for something like staking that will be profitable in the long run.
