BTCUSD is close to a good climb

[SunTrader]

Also lack of real buying, otherwise price would go up.

The compounded rate of return on a daily basis went down by 62%. So over the long run BTC is continuous losing momentum day by day.

Uhhh no.

Most people are long only traders/investors, especially the retail crowd.

Lack of real selling is the pros not having interest or spooked retailers bailing out in mass.

The least resistant path is higher. Just going to take a little time is all.

As to compounded rates of return, last time I checked nobody trades that. They trade price which has gone through the roof since 20-friggen-12.

 

[nooby_mcnoob]

Uhhh no.

Most people are long only traders/investors, especially the retail crowd.

Lack of real selling is the pros not having interest or spooked retailers bailing out in mass.

The least resistant path is higher. Just going to take a little time is all.

As to compounded rates of return, last time I checked nobody trades that. They trade price which has gone through the roof since 20-friggen-12.

Bitcoin is, at best, a replacement for censorship-resistant wire transfers/payments.

That affects maybe 2-5% of the economy.

The "pros" are basically trying to find bags to unload to. There is zero chance that Bitcoin does what the maximalists think it will do.

Things that change this: central banks start buying Bitcoin.

There are way better solutions to censorship resistant payments for example stablecoins.

 

[virtusa]

As to compounded rates of return, last time I checked nobody trades that. They trade price which has gone through the roof since 20-friggen-12.

How did you check that nobody trades the compounded rate of return? Can you explain me that.

You apparently don't understand that you confirmed in your post that all people trade the compounded rate of return. The compounded rate of return shows the performance in performance from BTC since 2011. It is the mathematical presentation of BTC "going thru the roof". It also shows how that return is, since 2011, going lower and lower. Which means that other investments can bring better returns, leading to investor switching from BTC elsewhere.

Somebody who bought BTC on 01/01/2011 would have on 12/31/2021 a daily average return of 0.2979%. I average more than 1% daytrading the ES. So I beat the lucky ones who bought in 2011 BTC. And I think on ET there is nobody who bought at that time.
The difference between 0.2979% and 1% is huge. People who understand compounding know that. You clearly don't know that.

 

[Sprout]

How did you check that nobody trades the compounded rate of return? Can you explain me that.

You apparently don't understand that you confirmed in your post that all people trade the compounded rate of return. The compounded rate of return shows the performance in performance from BTC since 2011. It is the mathematical presentation of BTC "going thru the roof". It also shows how that return is, since 2011, going lower and lower. Which means that other investments can bring better returns, leading to investor switching from BTC elsewhere.

Somebody who bought BTC on 01/01/2011 would have on 12/31/2021 a daily average return of 0.2979%. I average more than 1% daytrading the ES. So I beat the lucky ones who bought in 2011 BTC. And I think on ET there is nobody who bought at that time.
The difference between 0.2979% and 1% is huge. People who understand compounding know that. You clearly don't know that.

https://twitter.com/x/status/1477691681864658957

 

[GlobalMacro90]

How did you check that nobody trades the compounded rate of return? Can you explain me that.

You apparently don't understand that you confirmed in your post that all people trade the compounded rate of return. The compounded rate of return shows the performance in performance from BTC since 2011. It is the mathematical presentation of BTC "going thru the roof". It also shows how that return is, since 2011, going lower and lower. Which means that other investments can bring better returns, leading to investor switching from BTC elsewhere.

Somebody who bought BTC on 01/01/2011 would have on 12/31/2021 a daily average return of 0.2979%. I average more than 1% daytrading the ES. So I beat the lucky ones who bought in 2011 BTC. And I think on ET there is nobody who bought at that time.
The difference between 0.2979% and 1% is huge. People who understand compounding know that. You clearly don't know that.

you average 1% per day?? Congrats on the ~250% per year. If that is true you would be the richest person in the world in a few short years. Congrats on being the greatest trader of all time

 

[virtusa]

you average 1% per day?? Congrats on the ~250% per year. If that is true you would be the richest person in the world in a few short years. Congrats on being the greatest trader of all time

Just posted today about idiots making the statement you just made.

Star Trader Laurie Inman now Bankrupt


You just confirmed you are part of the "eternal compounding idiots".
Can you give full detail how you calculated to make that statement?
Yes I make more than 1% average every day. You want to make a bet?
From $500 to $680 in 1 month is 1% a day. For a daytrader that's not hard to do.

Just make a bet with me and double your money in less than 1 month (if you are right...).

 

[virtusa]

https://twitter.com/x/status/1477691681864658957

If you knew math you would understand that 1% a day looks/is better than 0.2979% of BTC.
On the lows, shown on Twitter, the daily compounded rate is 0.2182%, so even lower than the 0.2979% I mentioned. LOL.

 

[Sprout]

If you knew math you would understand that 1% a day looks/is better than 0.2979% of BTC.
On the lows, shown on Twitter, the daily compounded rate is 0.2182%, so even lower than the 0.2979% I mentioned. LOL.

Care to amend your statement?

Bitcoin "Freefall"

 

[virtusa]

Care to amend your statement?

Bitcoin "Freefall"

First I want answer on my unanswered questions.

I could give a detail report of what I calculated and how. But I promised myself if the "you are the richest man on earth" bullshit would come up again I would stop the discussion as this is not a intellectual discussion anymore.
I will not respond anymore to the BS that is posted here. On top of that I speak about returns I make in real trading, while the BTC fans speak about the theoretical return that would have been possible, but that nobody of the BTC fans ever made. Apples versus oranges.
I will block tomorrow a few idiots,so today they still have time to read this.

I have better things to do then waste my time on idiots.

 

[Sprout]

First I want answer on my unanswered questions.

I could give a detail report of what I calculated and how. But I promised myself if the "you are the richest man on earth" bullshit would come up again I would stop the discussion as this is not a intellectual discussion anymore.
I will not respond anymore to the BS that is posted here. On top of that I speak about returns I make in real trading, while the BTC fans speak about the theoretical return that would have been possible, but that nobody of the BTC fans ever made. Apples versus oranges.
I will block tomorrow a few idiots,so today they still have time to read this.

I have better things to do then waste my time on idiots.

Ok, Mr. "70% of all [btc] coins were created after 1/1/2018" virtusa.