Baron's Crypto Trading Journal

So back on the topic, I just want to share this chart so there's a clearer perspective of what's going on. All the naysayers love to bash Bitcoin using a timeframe of the past year, but what about if we go back just a decade or so since inception?

Currently, BTC is in the $20k range. What's fascinating is that the Dow Jones Industrial Average took about 125 years to reach $20k, but bitcoin achieved the same result in 1/10th of the time.

Screen Shot 2022-10-02 at 9.47.39 PM.png
 
Baron said:
So back on the topic, I just want to share this chart so there's a clearer perspective of what's going on. All the naysayers love to bash Bitcoin using a timeframe of the past year, but what about if we go back just a decade or so since inception?

Currently, BTC is in the $20k range. What's fascinating is that the Dow Jones Industrial Average took about 125 years to reach $20k, but bitcoin achieved the same result in 1/10th of the time.

View attachment 296594
More...



Amen! :thumbsup:
 
we trade differently.

Baron is a Long term investor / trader.

Gamble Margin is a swing trader.

I am a day & night trader.
 
Baron said:
So back on the topic, I just want to share this chart so there's a clearer perspective of what's going on. All the naysayers love to bash Bitcoin using a timeframe of the past year, but what about if we go back just a decade or so since inception?

Currently, BTC is in the $20k range. What's fascinating is that the Dow Jones Industrial Average took about 125 years to reach $20k, but bitcoin achieved the same result in 1/10th of the time.
More...
Now you are being silly. The graph shows that from less than a cent to 20 bucks is the same distance as from 20 bucks to 69k :rolleyes::rolleyes:
 
Baron said:
...but the reality is that when the markets are shaky, most people don't want to suffer the embarrassment of timestamping their trades in advance via posts and being held accountable for that...
More...

I do something that not many other users do here, and it is that I post my losers in hindsight. :-)
 
deaddog said:
Now you are being silly. The graph shows that from less than a cent to 20 bucks is the same distance as from 20 bucks to 69k :rolleyes::rolleyes:
More...

It's a log chart, so the graph is skewed. I myself don't like log charts. @Baron, you get a spank on your bottom for that! (Don't tell your wife! Teeehee)
 
Overnight said:
It's a log chart, so the graph is skewed. I myself don't like log charts...
More...

Yeah, it's a damn wild range. It is extremely difficult to trade if one is aiming for a systematic profit. I would not advise anyone to embark on this unless they are gambling just a small portion of their wealth for pure fun (just like a lottery ticket).

Things that can be done, anyway:

-use a negligible portion of your wealth, so you can be cool with the unavoidable DD
-keep a definite side (whatever you choose), but also make countertrades on unfavourable moves (in a purely automated way and with fixed distances) to mitigate DD
-keep hoping that, in the long term, the initial side choice yields the desired target result; or, as an alternative, where available, resort to options and take advantage of their drift for DD mitigation
 
You must log in or register to reply here.
Back
Top