Even with that being the case, simply holding while the market tanks isn't as profitable as exiting the market and re-entering before it goes on another bull run. If one of us managed to dodge the China collapse and hopped back into crypto at the right time, exited a few tops and bought in on a few lows that's upwards of a 20x gain in itself. Let alone catching some nice waves on the hype coins that pop up every so often.
Let's take Ethereum for example. Sure, if you had bought a thousand of them at $1.00 and sold at $1427 late last year you'd be a 1.427 millionaire. You'd have sold 1k either at $1427.
But just looking at 2017 prices, if you'd sold at $395 on 6/13, bought in at $227 on 6/27, sold at $330 on 6/29, bought in at $142 on 7/16, sold at $865, and bought back in at $588 on 12/22 before finally selling at $1427 on 1/13, your eth stack would have gone from 1,000 to 1,740, 1,740 to 4,043, from 4,043 to a final tally of 5,948eth, you'd be selling them for a cool $8,489,059 dollars. This virtually unpossible hypothetical assumes pitch perfect market timing and that selling/buying wouldn't create downward/upward price pressure itself, but you get the idea.
2015
$1 8/15 buy 1,000
2017
$395 6/13 sell 1,000
$227 6/27 buy
$330 6/29 sell
$142 7/16 buy
$865 12/21 sell
$588 12/22 buy
2018
$1427 1/13/18 sell
There is no one crypto that doesn't offer more profit potential playing the market this way. For mere mortals such as ourselves, buying and holding longterm is the sensible strategy. I don't think anyone disagrees with that. But if Megaton's on a real moon mission here he's gonna need to make some ace moves and play the high risk/reward scenarios. Besides. The thread's much more interesting that way.
