Post
Topic
Board Speculation
Re: [ANN] Asset Allocation during Financial Crash by S3052 @ BullBearAnalytics.com
by
Odalv
on 16/09/2014, 20:59:47 UTC

But yes, I have outperformed buy and hold with bitcoin by orders of magnitude :-) and this led to a very sizable absolute gain. This is now re-invested into other areas.


So you've experienced a +1,000,000x return but you're not rich?

You should be on the Forbes list

indeed... "by orders of magnitude" = at least 100x better than B&H  Roll Eyes
so let's say OP just bought 100$ worth of BTC in 2010, that's about 1000BTC at ~0.1$ each
100 * 1000 BTC * 1200 $/BTC = 120 million $ ... yeah that's not rich at all... just moderately wealthy  Grin

correction. not orders of magnitudes, but 1.5-2x better than B&H. And also recognize that there were hacks and losses due to MtGox and bitcoinica going down.

1.5 * 1 000 BTC  * $1 200 USD/BTC = 1 800 000 USD ->  "We are talking a couple (1,800) of thousands here"

What are you trying to prove here? As I mentioned, when BTC were worth much less, I donated a lot to good projects and lost some during hacks and exchange closures. This is why the real numbers are nowhere near your numbers and I need to work hard everyday.

OK,  you donated a lot to good projects and lost some during hacks and exchange closures. What about BUY AND HOLD (in paper wallet), did you OUTPERFORM this strategy ? Did you even make 1% compared to B&H ?