Can you beat someone who religiously buy and hold bitcoin from inception with trading?

johnarb said:
Sorry you know and I know that's bullshit, excuse my Canadian French :D

You're talking about Theory vs Practice

Everyone has a plan until they get punched in the mouth - Mike Tyson


Put some sizable trades and show us your Elite Trader skills and beat the investors
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I'm not trading sizeable or anything nor am I a pro but I'm pretty proud of myself that I can do this reasonably consistently now. All I need to do is do this for a few years and then YOLO everything into calls for the next $TSLA

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deaddog said:
What is your idea of sizable?
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5 bitcoins or $250K per trade

If that's too high in relation to your trading account, then whatever you think is sizable for your account

But please don't insult us with a $500 trade size as if it matters

It has to hurt if the trade goes against you
 
johnarb said:
5 bitcoins or $250K per trade

If that's too high in relation to your trading account, then whatever you think is sizable for your account

But please don't insult us with a $500 trade size as if it matters

It has to hurt if the trade goes against you
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OK Show me your 5 bitcoins. I have 250K in cash and I'll stay in cash until the trend changes.
 
deaddog said:
OK Show me your 5 bitcoins. I have 250K in cash and I'll stay in cash until the trend changes.
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How about I show you the 20 bitcoins I showed you last time that I have not moved as true to my statement I'm an investor

Sir, you're gonna stay in cash, that's mighty brave of you, don't you think you need to put some skin in the game and short bitcoin $250K size since you think the trend is down?

Man up, sir, you can do this as a trader that you are. Don't tell us you are scared?

Short bitcoin etf's, Sir. $250K and post a screenshot
 
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deaddog said:
I just play long. I'll buy when it makes sense.

All you want to see is if a trader can outperform an investor. I'll show you how.
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Ok, got it :thumbsup:

5 bitcoins for investor @ 48,878 = $244,390

Today is 12/6/2021

Let's track your trade performance against that

upload_2021-12-6_13-4-56.png
 
johnarb said:
Ok, got it :thumbsup:

5 bitcoins for investor @ 48,878 = $244,390

Today is 12/6/2021

Let's track your trade performance against that

View attachment 272570
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Don't you have a tinge of regret that had you sold all or some of your coin when it began to trend down that you would now have the cash to buy a lot more.
 
virtusa said:
Billionaires in the crypto world only became partially rich from holding coins. So your statement that crypto billionaires became billionaire thanks to holding coins is very inaccurate.

  1. Bankman-Fried’s net worth more than doubled to $22.5 billion thanks to a recent $900 million funding round for his crypto exchange FTX, which valued the company at 18 billion. The net worth of Bankman was calculated on the value of his company, not on the number of coins he had. It is possible that the major part of his billionaireship came not from holding coins.
  2. Armstrong co-founded Coinbase, the largest U.S. crypto exchange by trading volume, and owns 19% of the company. His estimated net worth is $11.5 billion.
  3. Larsen is the co-founder and chairman of crypto payment protocol Ripple and was the only crypto billionaire featured on last year’s Forbes richest list. His estimated net worth is $6 billion.
  4. The Winklevoss twins are the founders of crypto exchange Gemini and each worth an estimated $4.3 billion.
  5. Ehrsam Fred, a co-founder of Coinbase left the exchange in 2017 and now works for crypto investment firm Paradigm. His estimated net worth is $3.5 billion.
  6. McCaleb a co-founder of Ripple and Stellar, was responsible for launching Mt. Gox, the first major bitcoin exchange, which he sold before it got hacked. His estimated net worth is $3 billion.
All these billionaires were co-owner or co-founder of an exchange and made there billions mostly there.
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Not true. Satoshi Nakomoto has 1 million bitcoins and went from zero net worth to 50 billion net worth.

The largest Shiba Inu holder bought $8k when it was peanuts, recently he was worth $5 billion just a year plus later. Dropped abit since the crash but his still worth a few billions.

I believe Winklevoss Twins bought $14mil worth of btc at $200. Became billionaires in the 2017 bullrun.
 
deaddog said:
Don't you have a tinge of regret that had you sold all or some of your coin when it began to trend down that you would now have the cash to buy a lot more.
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No, I do not have a tinge of regret since I cannot see the future and suck at trading

Do you have a tinge of regret you did not buy 9 bitcoins at $28K a few months ago or 80 bitcoins last year March 2020 with your $250K capital?

If I sold at $69K, I would be out of position and would not know when to buy in, buying at bottoms and selling at tops is an Elite Trader skill I do not possess

I'm a hodler (investor)

And trading in and out would incur taxes I have no idea how to handle. I've already cashed out over $500K at the beginning of the year that is already causing me enough anxieties for next year's tax filing

I just want to settle the tax obligations and see how bad it its, trading in and out as you describe is not something I want to put on myself or my tax accountant
 
johnarb said:
No, I do not have a tinge of regret since I cannot see the future and suck at trading

Do you have a tinge of regret you did not buy 9 bitcoins at $28K a few months ago or 80 bitcoins last year March 2020 with your $250K capital?


I just want to settle the tax obligations and see how bad it its, trading in and out as you describe is not something I want to put on myself or my tax accountant
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There are so many stocks and other investment opportunities I have missed that no too much bothers me. It would have been nice to own a couple hundred bucks worth of six cent bitcoin.

As an investor (Years ago) I lived through too many meltdowns to be comfortable with them. The tech wreck was the worst as I had just started living off my investments. I didn't sell at the bottom and everything eventually recovered but I found I would sleep much better if I took some responsibility for how my capital was performing. Came up with a trading strategy that solved that problem. Kept me out of 2008 and 2020.

As for the taxes, I'd suggest you discuss it with your accountant. You'll have to pay it eventually and I doubt you'll be the richest man in the graveyard. I can tell you a couple stories about stocks I didn't sell because of taxes that didn't have a tax problem when I did sell them.

As a buy and hold investor, what are you doing on a trading site.
 
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