(05-09-2021, 11:07 AM)NilesMike Wrote: I don't trade cryptos but looking just at today's Dogecoin chart there were 3 opportunities for 10%+ trades. 20-30% in a day is nothing to sneeze at.Looks real good on paper, but some of the major platforms for the extra speccy stuff locks up for an hour or two when the fast moves are made. Happened again last night, and for GME recently etc. It's a definite trend when the chips are on the table. It happens a lot and that would frustrate me if I was trying to play the casino. Definitely a source of stress if I didn't know if I could depend on it if I was in deep.
Some may take their money off the table and invest it elsewhere, others may take their proceeds and buy cryptos as a long term speculative trade. Personally, my futures trading profits are spent as income. I have no idea of who is doing what.
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