Your argument makes sense and I'm not advocating for people to replicate the experience, especially not with the current prices.
My argument merely goes: if you threw away some marginal amount of initial (real) cash at something, and for some reason that something paid you back in full, with bonus and interest, then the price can tank as much as it wants since I'm cashed out.
From there I don't care if 90% of the unit price is pure speculative pressure, as long as I find a counterparty for my trades.
It doesn't matter how much you started with, and how much you already took out. As long as you have stuff invested into the coin, you're not cached out - you have value that you could take out of the system that's exposed to the fluctuations.
I guess you can "day trade" and only own them for a short amount of time. Any suggestion on exchange/marketplaces ? My experience (Bitcoin) is that it's too slow with small volumes. Then there's a lot of risk, like the exchange getting hacked.
Honestly exchanges are a shit show. There used to be a small scene where people traded directly via forums/voice comms but like all good things that's over because of bad actors.
The main issue IMO isn't settlement speed but the ludicrous exchange fees. If you're willing to put some work in I reckon you should be able to "manually" find counterparties for the major altcoins, but to my knowledge there are no decentralised exchanges that offer reasonable liquidity.
My argument merely goes: if you threw away some marginal amount of initial (real) cash at something, and for some reason that something paid you back in full, with bonus and interest, then the price can tank as much as it wants since I'm cashed out.
From there I don't care if 90% of the unit price is pure speculative pressure, as long as I find a counterparty for my trades.
Does this make sense to you, if not why?