Bitcoin Price Thread

Good1 said:
Both Berkshire and BTC dipped seriously in the covid crash. Berkshire recovered from 178 to 358. BTC recovered from 3,500 to 68,000. Berkshire pre-covid panic = 226. BTC pre-covid panic = 10,500. I believe thats a 60% gain compared to 600% gain, or 10x from pre covid to post recovery despite the correlation.
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The high only counts if you sell there. But you now know that
 
JackMorgan said:
The high only counts if you sell there. But you now know that
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Well i'm moving away from buy-and-hold. The method im developing now would have sold at the high.

Anyway, measuring from pre covid high to current dip:

BTC 10,500 to 31,000.
BERK 226 to 313
 
Good1 said:
Well i'm moving away from buy-and-hold. The method im developing now would have sold at the high.

Anyway, measuring from pre covid high to current dip:

BTC 10,500 to 31,000.
BERK 226 to 313
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I also redo my strats when I lose 60% , so that I would not have lost 60%

Then when I lose 60% again, I start over.

Nice !

ps, A lot of Crypto holders are moving away this week, after their evictions for non payment
 
JackMorgan said:
Can we all just agree Mike Saylor is a dick ?
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He is no stranger to that, already did it once. Around 2000 the stock went from 80 to $3000 then dropped back to single digits, $5. So this drop is actually smaller than that. :)

(as long as the stock stays above 2.50)
 
JackMorgan said:
I also redo my strats when I lose 60% , so that I would not have lost 60%

Then when I lose 60% again, I start over.

Nice !

ps, A lot of Crypto holders are moving away this week, after their evictions for non payment
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No I reconsidered when I dipped in (not the top) and felt -15% in like two days. Decided unless I had a plan to exit I would be holding through the next top to the next bottom. Any other losses have been due to accident, procrastination, laziness. The method I will soon deploy follows trend, and will do better in the strongest trending recovering assets.
 
JackMorgan said:
I also redo my strats when I lose 60% , so that I would not have lost 60%

Then when I lose 60% again, I start over.

Nice !

ps, A lot of Crypto holders are moving away this week, after their evictions for non payment
More...

BERK covid dip = 21%
BTC covid dip = 63%

BERK current dip = 12%
BTC current dip = 54%

So it looks like BTC is about 3x BERK to the downside, and 10x to the upside.
 
Good1 said:
BERK covid dip = 21%
BTC covid dip = 63%

BERK current dip = 12%
BTC current dip = 54%

So it looks like BTC is about 3x BERK to the downside, and 10x to the upside.
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I wish I could do maths like that , I'd also be
rich_and_famous_mp_poster.jpg
 
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