Happy Thursday the 13th! Is today more or less lucky than usual? Let's go with more 😉 This is Taylor, CEO of Hedgehog, where you can track all your different crypto wallets *and* trade using your favorite crypto exchanges. Hedgehog makes it easy to manage your whole portfolio in one convenient spot. In this newsletter, there's a giveaway every week — to enter, answer the question at the end.
The cryptocurrency sector remains as volatile as its youth, like a 17-year-old joyriding a motorcycle. Even just looking at the age of bitcoin, the big daddy OG, consider that investors often measure ROI over decades rather than months.
Remember your strategy and your risk tolerance — are you actually trying to double your money in a week, or planning for longer-term financial security? Zoom out from the daily and weekly charts to look at monthly and yearly versions.
As for the short-term investors, they claim to like volatility. I suppose what the Twitter traders fear is a long stretch of horizontal movement. (Is anyone expecting crypto to fully fail anymore?) Nonetheless, look at that chart again — bitcoin was a better buy-and-hold pick in early 2019 than any point since. Not that past performance is any guarantee of future returns or that I would ever suggest anything to that effect.