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098: Peter To – How Successful Day Trading Can Fly in the Face of Conventional Wisdom—with a Former Poker Player and Ex-Prop Trader

Chat With Traders

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Bitcoin: What I Like and Not Like

I used to like Bitcoin because it was just this new fascinating phenomenon two years ago. I feel it does not have that same level of craziness that it did two years ago as it kind of sunk in and people have learned about it. So if you look at the day-to-day chart, it doesn't have the same type of range. That's only a minor problem compared to the serious problem of exchange security. The exchange that I traded almost all my volume on for like two years, BitVinax got hacked for millions of dollars worth of Bitcoins. For me, it's not safe anymore. It's a different ball game if you're a longer-term timeframe trader

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