3 Crypto Trading Tips From the Biggest Traders Out There

Here are crypto trading tips from the biggest crypto traders

Here are 3 crypto trading tips from the biggest crypto traders in the world.

Crypto Trading Tips from the Biggest Crypto Traders

1. Hold on to Bitcoin For Dear Life: The Winklevoss Twins

The Winklevoss Twins made over a billion dollars by going long on Bitcoin. Their advice is simple. Hold on to Bitcoin since it will be the biggest performing asset of the decade. They even professed that the currency will see 25x gains.

Their strategy is simple, and it looks like Bitcoin will pay off as they have said. Right now, the currency stands at over $46,000. When they made the claim, it was at a third of the price.

2. Pay Attention to Counterparty Risk: Sam Bankman-Fried

Sam Bankman-Fried has developed a portfolio worth billions by trading crypto. He even launched his own company called Alameda Research in 2017 which manages hundreds of millions. His advice is simply this: worry about counterparty risk.

Counterparty risk is the probability that another party in an investment won’t hold up its end of the bargain. The crypto world is rife with pump and dump schemes and is very lightly regulated. Hence, you shouldn’t put all your eggs in one basket or go long without doing your research.

3. Don’t Bet On Ordinary Horses: Barry Silbert

Barry Silbert is the founder of Digital Currency Group. When everyone was high on the Dogecoin fever, he was one of the few going short on the currency. He believed the price will fall, and of course, eventually it did.

Barry Silbert followed the money and made the responsible investment of shorting Dogecoin. The currency started as a joke and didn’t have any intrinsic value. It was a fluke. When everyone was going long on it, he saw beyond the fog, and shorted it.

The moral is to not bet foolishly and to keep your cards close.

Connect with the 3 Crypto Trader Gurus on Twitter:

Cameron Winklevoss: https://twitter.com/tyler

Tyler Winklevoss:  https://twitter.com/cameron

Sam Bankman-Fried: https://mobile.twitter.com/sbf_ftx

Barry Silbert: https://twitter.com/BarrySilbert?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor

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