Ninjastic
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Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
AlcoHoDL
on 22/09/2021, 07:31:28 UTC
⭐ Merited by JayJuanGee (2) ,vapourminer (1) ,philipma1957 (1)
Quote from: JayJuanGee on Today at 06:59:30 AM
Quote from: Mpamaegbu on Today at 06:41:06 AM
Quote from: JayJuanGee on Today at 06:33:07 AM
Did you have any specific questions in regards to my approach to BTC?
Nope, no further questions. I rest my case. BTW, I like your detailed analysis dovetailing into history.

Peace...

Aren't you quite the cooperative one.

Should I presume that your secretive BTC portfolio building/management strategies are beating a pure DCA strategy of around 8.5x in nearly 5 years (since January 2017), then?  If you have been in BTC for longer than that, then your overall performance and profits should be even better, given a DCA strategy tends to show better performance for the longer the time that a guy is in BTC. 

Alternatively, should I presume that you have already overallocated and you have a trading stash and a HODL stash?  which would largely mean that you are not playing around with too large of percentages of your overall BTC stash.

A vast majority of guys are likely quite a bit better off following some kind of DCA strategy or some variation of buying on dips and lump sum investing rather than more complicated trading methodologies that you are continuing to pompously (and perhaps pretentiously) failing/refusing to explain and might not even play out better than something like a DCA strategy, given the risks of having the market move against you and other complicated aspects of betting wrong.

My cousin has been into cryptocurrencies (not Bitcoin) since 2017, when I introduced him to Bitcoin (but he never bought). His 30-day Kraken trading volume once exceeded $10M. Up until now, he has achieved a overall 3x profit, with countless stress and sleepless nights, trying to catch the waves and endlessly moving funds from shitcoin to shitcoin.

Had he invested in Bitcoin in 2017 and HeDL until now, he would be so much better off. I estimated his profit now would be about 30x. He has now spent 2/3 of his stash on some land and a large-screen TV. I suggested to him to Bitcoin-DCA from now on, but I don't think he paid much attention. He just said that he will use the remaining 1/3 in BCH (the next Bitcoin, according to him) to become rich in 2 years.

Go figure...  Cheesy