I haven't really done the deep dive into BTC or crypto because all the cult-y type figures and general scammy feelings put me off. I mostly invest by getting my maximum employer match for my 401k and dumping a large portion of my paycheck into a Roth IRA and a high yield saving account.
But I own a little BTC for funsies.
I get the Robinhood alert, "BTC is up 5% in the last hour!", I immediately buy 50 bucks more BTC. I check the price every 10 min or so over the next few hours. I get the alert, "BTC is up 10%!", I sell 50 bucks of BTC plus however much it's grown. Or if I see it start falling almost at all, I sell 50 bucks. Same for NVDA.
I only do this every now and again, not every time I get some alert.
I've made at around 200 bucks and never lost a single dollar by gambling/riding the bandwagon this way and I literally don't know what it's called. I know there's a risk that I buy at the peak and immediately lose money, but it's never happened so far in the 20+ times I've pulled this stunt and I'm playing with such small numbers. Right now I have 80 dollars total in BTC, so it could go to 0 and I would just say "aw shucks!"
I just find it fun and consider it like "gambling to see if my snacks for the day are paid for" because it makes less than 10 bucks, but that's still 8 dollars that just appeared for literally clicking a phone screen a few times 30min apart.
....If this is retarded, let me know.
I'm not sure how risky to behave in general. I'm young and working class, so on one hand I want to gamble my entire meager savings to see if I can win Fuck You money, and also if I lost every dollar in my bank accounts today, basically nothing in my life would change so long as I didn't also lose my job within the next two weeks. But on the other hand, I'm frugal because money seems to accrue so slowly and I live in terror of having some large expense like a serious injury.
