So the reason why you started this topic is to give your opinion. Done.
C ya
Uhhh "BTC best investment" in a trading topic
Can you beat BTC by trading ES futures, and add proof.
- Thread starter virtusa
- Start date
C ya
Uhhh "BTC best investment" in a trading topic
So the reason why you started this topic is to give your opinion. Done.
C ya
Uhhh "BTC best investment" in a trading topic
Try first to read correctly what I posted initially.
- I asked what others think.
- I asked why.
- I told that I would give my opinion later.
Chart from Goldman Sachs research report shows how drastically bitcoin is beating all major traditional asset classes so far this year.
Source: Goldman Sachs
Returns from a 4 month period are useless ( I have more than 1,000% profit YTD). The total return in the long run is important. I beat the BTC over the last 9 years in total return, even if the BTC would be today at $100,000, that would not change anything.
The last week I beated the BTC again by a huge difference, BTC went down 25%. This year on a daily basis return I beated the BTC probably 90% of these days. Depending on which timeframe is chosen any thing can beat anything.
Goldman Sachs does not know the returns of all traders, so they have no clue. They are probably part of the pump and dump to sell their own positions later.
Like @Pekelo said: Come on now, it is Doge and GME.
You compare your individual return on trading to the return of an instrument? Apparently you beat the ES itself, congratulations.
Why wasting your precious time in showing off on a forum?
Who cares that a trader can beat that return of anything at all, unless he is sharing knowledge?
Probably not everyone is as good as you at trading, and they are happy making millions, or decent return, on cryptocurrencies...
I don't understand why so many traders are so pissed and vocals about BTC, and have been for years. Like they care about everyone else investments and worldwide monetary stability... It's pathetic.
Why wasting your precious time in showing off on a forum?
Who cares that a trader can beat that return of anything at all, unless he is sharing knowledge?
Probably not everyone is as good as you at trading, and they are happy making millions, or decent return, on cryptocurrencies...
I don't understand why so many traders are so pissed and vocals about BTC, and have been for years. Like they care about everyone else investments and worldwide monetary stability... It's pathetic.
BTC and ES are both super strategies, very good.
But trade ES is better profitable market, because ES has been around for many more years then the Bidcoin. So you could have make much more money trading ES, more time.
ES is good strategy and market. But Bitecoin is also ok.
I don't post my returns, just tell that I beat the BTC. (the 1,000% is just a short very profitable period to show that by choosing carefully the period you can proof anything)
So I would think that many people might have better result trading something else than BTC. That's my knowlegde that I want to share, but you apparently missed that.
If I would like to show off I would post my returns, but it would be counterproductive and I am not interested as I have nothing to win.
Crypto's are a scam. Since 2013 (counting 3034 days) the BTC has been in a drawdown 2840 days (95% of all time). The drawdowns are deep and long. The new highs are much smaller and very short lived. So each time when a pump and dump is done, holders sell at high prices. the fact that it takes so long to make a new high shows that it probably is rather manipulation than anything else.
The last drawdown lasted THREE years. So three years were needed to get back to the previous high? Not really a proof of the power of BTC.
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Definition of a scam from a random dictionary: A scam is a deceptive scheme or trick used to cheat someone out of something, especially money.
Now... cryptocurrencies buyers know exactly what they are getting. They do not buy or mine them because they are victim of a trick used by some centralised entity to get rich. They know they are buying a blockchain code. They know it is hackable, vulnerable and risky. If they do not know, they are idiots, and we have plenty of them in regular business, trading and money ventures.
Where is the scam?
Now... cryptocurrencies buyers know exactly what they are getting. They do not buy or mine them because they are victim of a trick used by some centralised entity to get rich. They know they are buying a blockchain code. They know it is hackable, vulnerable and risky. If they do not know, they are idiots, and we have plenty of them in regular business, trading and money ventures.
Where is the scam?