Big trouble lil china
One of the best 80s movies of all time. Anyone who hasn't seen that shit should torrent it right now.
The market's looking pretty dismal. I guess I got pretty used to every long working out over the past 2-3 years. Now I'm getting chopped to pieces. I guess there's nothing to do but wait for some clear buy signals at this point. No knife catching, risk off....
Means that currently you are in decent profits, correct?
For the past few years. Definitely.
In 2018? Hehe, not so much. Eating drawdowns I haven't seen in a long time and just getting stopped out too much. That failed inverse head-and-shoulders last week didn't help.
I guess I misunderstood what you were doing. If you are tending towards longs, but then frequently closing those longs in order to take profits in dollars, then the picture is going to be rougher to see those profits dimiinshing over the past nearly three months.
I was thinking more on the lines that you may have been going long in the past couple of years since 2015 and riding out the ups and downs to keep the longs, and if you measure your profits in BTC accumulation rather than short term profits, your portfolio would be very high in profits... because you could have bought at various points between a close to 80x increase in price and maybe still be a decent 5x or more, even with a lot of mistakes.
My average cost per BTC was about $500, so the best I could have done in a kind of linear way is 40x, and so dropping down to current prices would bring my holdings down to about 17x - however, since I had some screw ups that I am pretty much folding into my BTC costs of doing business, my best case scenario in the real world was only about 20x at the top, so then now taking a kind of worst case absorption of expenses, currently my holdings are largely in an approximately 8x to 9x range, which I still would consider to be an extraordinarily great return on a more than 4 year project, that largely allows me to be considerably in profits, even if BTC prices were to sink down to $1k, which seems to really be an extreme scenario, that does not seem very likely.
