Bitcoin Price Thread
- Thread starter Magna
- Start date
I wish I could do maths like that , I'd also be
Bitcoin vs Berkshire Hathaway comparison:
=================Upside:
Covid panic dip to all time top:
BERK = 100%
BTC = 1850%
= 18x to the upside
Covid panic dip to current dip:
BERK = 75%
BTC = 785%
= 10x to the upside
Pre-covid high to current dip:
BERK = 38%
BTC = 195%
= 5x to the upside
Pre-covid top to all time top:
BERK = 56%
BTC = 547%
= 10x to the upside
==============Downside:
Covid dip:
BERK = -21%
BTC = -63%
= 3x to the downside
Current dip:
BERK = -12%
BTC = -54%
= 4.5x to the down side
============Average x Upside: 10.75x
(18+10+5+10)/4 = 10.75x
==========Average x Downside: 3.75x
(3 + 4.5)/2 = 3.75x
===========Ratio bias to the upside: 2.86x
10.75/3.75 = 2.86x
Summary:
Since BTC is correlated to the stock market, and Berkshire Hathaway represents the best of stock market picks, a comparison might be valid. Compared, it looks like BTC functions as a 3x leveraged ETF to Berkshire, with a bias to the upside of almost 3x. That is, for every 1:1 low to high in Berkshire, BTC answers with a ratio of 1:3.
Other summary:
If you could get rich investing in Berkshire, you may also get rich investing in BTC.
"Compared, it looks like BTC functions as a 3x leveraged ETF to Berkshire, with a bias to the upside of almost 3x."
Quote of the century.
Quote of the century.
SUB 30k !!!
incoming
dont cover yet
20k is coming
then
god help you
incoming
dont cover yet
20k is coming
then
god help you
Good thing the smart boys loaded up on that 4k ETH, the REAL king of crypto
They are holding it a t 30k lol, frauds
it will break
i guarantee it
some whales trying to prevent the stampede to 20 k
it will break
i guarantee it
some whales trying to prevent the stampede to 20 k
Good news is, the /ES is doing no better NEW LOWS!!! , carnage everywhere except my fiat , lol
you profited $4000 / coin.