Posted 11/4/2023, 1:30:00 PM
Former Crypto Day Traders Lose Interest Despite Bitcoin Rally
- Former crypto day traders no longer interested despite Bitcoin's recent rally
- Peter To made over $1M day trading Bitcoin 2013-2017 but says volatility is gone now
- FTX collapse shook confidence; traders like Craig Murray escaped losses and exited
- Retail trading volumes down; no longer 11 ratio between weekday and weekend
- Tim van den Berg lost $12K 2016-2019, feels crypto now manipulated by the rich
- Early days had opportunities to capitalize on glitches; now just directional bets
- While some still dabble, many warn it's risky and not easy money for newcomers