6 thoughts on “In the event you purchased solely in December 2017 and held via at the moment, you’d be down 15%. Bitcoin takes TIME. Use this time to purchase extra”
I remember seeing somewhere the 4 year moving average has never been negative. Guess we will be seeing if that will continue to hold if it hasnt changed yet
I mean if you bought Tesla stock in 2017 you’d be up 900% right now. If you bought Bitcoin a year ago, you might break even in a few decades.
I don’t understand picking an arbitrary point in time to try to prove a point. This isn’t how you go about showcasing why you should buy and hold Bitcoin.
This is why you DCA in and DCA out. Rainbow chart is not perfect but it works as a rough indicator. Buy in the blue/purple band, sell in the orange/red.
Probably sooner than years but I get the idea
I remember seeing somewhere the 4 year moving average has never been negative. Guess we will be seeing if that will continue to hold if it hasnt changed yet
If you bought at mar 2020 you’d be 3x up.
I mean if you bought Tesla stock in 2017 you’d be up 900% right now. If you bought Bitcoin a year ago, you might break even in a few decades.
I don’t understand picking an arbitrary point in time to try to prove a point. This isn’t how you go about showcasing why you should buy and hold Bitcoin.
I remember in the last years you could always read “After 4 years you will ALWAYS be in the green”
So.. I guess it works until it doesn’t.
This is why you DCA in and DCA out. Rainbow chart is not perfect but it works as a rough indicator. Buy in the blue/purple band, sell in the orange/red.