I love Tezos. And I hate Tezos. Here's why.
I love Tezos because of one reason, and one reason only. And that is its ability to compound upon itself.
I'm a sucker for compounding interest. I started at a really young age with an investment company. Every year, I incremented my initial capital with all my savings for that year. And that has brought me some serious gains.
Being able to do that with a cryptocurrency is amazing. I'm a crypto enthusiast, and I used a whole year to learn how to professionally trade it. I really love it, but the ability to compound my interest with it makes me love it even more.
Tezos doesn't just compound it's interest. It is also a great portfolio addition in that it trades extremely well. Even better than Bitcoin in my opinion.
Tezos usually ranges, which is amazing for swing and position traders. Scalpers aren't left out either, and while scalping Tezos I made about 1% a day, which is great for scalping.
Now, here's why I hate Tezos.
Tezos is great and all with its compounding interest stuff and great ranging ability. But it falls short in one key area, and that area is extremely important to me.
Tezos doesn't break out too often. Ranging is great and all, but breakouts are where the money is made.
Breakouts like what is currently happening to Bitcoin.
Tezos doesn't breakout too much, but when it does, it really does. It's last breakout was over 15%, and I scalped it to the end.
But that's my relationship with Tezos is a nutshell. It makes up 36% of my portfolio, so this post is kind of objective. But all I wrote is true.
Thanks for reading.