$Bitcoin (BTC.CC)$ 70K is a 16% upside movement ONLY. Seriou...

104175567 : yeah it's peanuts but some people believe they can trade day in day out, 5000 shares per trade, like he knows exactly the perfect timing with magic bottles beside him to open when the trade is a win.

16% return with 70% downside risk sounds a good deal right?

104175567 104175567 : so for that ratio you need at least 5 times of your trade to be correct, it's 80% success rate with lack of sleep and increased irritability plus you're risking more than $100K

104175567 104175567 : 80% success rate means you only need one wrong decision to erase all your hard work, and the suggestion of putting a third at a time to average down your cost doesn't change the distribution in the long run, what a brilliant idea

104175567 104175567 : and he may put a hedge to it using options, inverse ETF or whatever he can anticipate and it needs to be exactly at the right time for the hedge, or else maybe the internet connection breaks and ruins all the plan, and if you follow him, you'll need beyond human abilities to stay awake, stretch beyond your means to just get that inch, just to get that edge

come on man, just buy and hold S&P is even better than doing this if you are not greedy, don't tell me my post doesn't help people

104175567 : and he may ask me where I got that 70% downside risk, come on, people easily forget that one faithful Sunday 2021 after the SNL it all came crashing down, I'll never forget that moment, people can't even press sell on the exchanges, orders got rejected.