5 ms·

Oh yeah, bitcoin is only up 700% over the last 5 years after just crashing out. What a bunch of suckers.

by anm89 4y ago

owow123 4y ago
Meh, since 2017 - on a monthly DCA strategy (with no sells), annualised returns are; - BTC 15%~ - ETH 35%~ 700% cherry picking the data / lacking info on the trading start. (Above numbers assume you buy at open price 00:00 first of every month)
- anm89 4y ago
  compounded back to back for 5 years ... I mean, that's incredible performance. and it's performing worse than it's cycle average right now
michaelwww 4y ago
Trees don't grow to the sky
- anm89 4y ago
  But Bitcoin has grown 700% despite your empty quip.
  - brewdad 4y ago
    I don't think you understand the concept of a hedge. Bitcoin boomed at the same time as the stock market. It cratered at the same time as we fell into a bear market. That's the exact opposite of a hedge. That's a leveraged gamble.
    - michaelwww 4y ago
      I don't know much about finance, but don't you want something that everyone will want in a "rush to safety"? Safe is not the first word that comes to mind with Bitcoin
  - whywhywhydude 4y ago
    I know I’ll get downvoted by bitcoin shills like you, but if you had bought bitcoin in Dec 2017, you would have lost money even after holding for 5 years.
  - michaelwww 4y ago
    By all means, invest your life savings in Bitcoin for the next 700% percent rise. My "empty quip" is a bit of investing wisdom that has long been repeated on Wall Street.
frankbreetz 4y ago
Bitcoin is only up 350% over the last 5 years. There have been many stocks that put up better returns over the same period.
- anm89 4y ago
  Pick your starting points, if you go back about a month or two from now it's closer to my number. If you pick the worst days it could be close to 0. The point is you would have had to have been buying in at peak hype not to get amazing returns.
imtringued 4y ago
What if I spend Bitcoin on a pizza? Why should that turn me into a sucker?

Oh yeah, bitcoin is only up 700% over the last 5 years after just crashing out. What a bunch of suckers.

by anm89 4y ago

Oh yeah, bitcoin is only up 700% over the last 5 years after just crashing out. What a bunch of suckers.

Meh, since 2017 - on a monthly DCA strategy (with no sells), annualised returns are; - BTC 15%~ - ETH 35%~ 700% cherry picking the data / lacking info on the trading start. (Above numbers assume you buy at open price 00:00 first of every month)

anm89 4y ago
compounded back to back for 5 years ... I mean, that's incredible performance. and it's performing worse than it's cycle average right now

michaelwww 4y ago

Trees don't grow to the sky

anm89 4y ago
But Bitcoin has grown 700% despite your empty quip.
- brewdad 4y ago
  I don't think you understand the concept of a hedge. Bitcoin boomed at the same time as the stock market. It cratered at the same time as we fell into a bear market. That's the exact opposite of a hedge. That's a leveraged gamble.
  - michaelwww 4y ago
    I don't know much about finance, but don't you want something that everyone will want in a "rush to safety"? Safe is not the first word that comes to mind with Bitcoin
- whywhywhydude 4y ago
  I know I’ll get downvoted by bitcoin shills like you, but if you had bought bitcoin in Dec 2017, you would have lost money even after holding for 5 years.
- michaelwww 4y ago
  By all means, invest your life savings in Bitcoin for the next 700% percent rise. My "empty quip" is a bit of investing wisdom that has long been repeated on Wall Street.

frankbreetz 4y ago

Bitcoin is only up 350% over the last 5 years. There have been many stocks that put up better returns over the same period.

anm89 4y ago
Pick your starting points, if you go back about a month or two from now it's closer to my number. If you pick the worst days it could be close to 0. The point is you would have had to have been buying in at peak hype not to get amazing returns.

imtringued 4y ago

What if I spend Bitcoin on a pizza? Why should that turn me into a sucker?