Crypto I'm conducting some research on Bitcoin

Discussion in 'Other Asset Classes' started by Dan Donoghue, 9th Feb, 2018.

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  1. Pier1

    Pier1 Well-Known Member

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    Fantastic project, really highlights the fact of not panic selling.
    For the data nerds what was your max draw down
     
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  2. Dan Donoghue

    Dan Donoghue Well-Known Member

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    Glad you enjoyed the experiment :).

    MDD -0.22. End of Oct 2018 the portfolio was valued at $1708 which was it's highest peak before pulling out 7 months later.

    My understanding is the trough and peak are from during the holding time and do not include initial or ending amounts? this would give us an MDD calculation of (1331-1708)/1708 correct?

    It's sort of hard to calculate though and I don't put too much stock in the number because it was $250 in per month for 12 months the peak is a moving target, the MDD would be better suited to a one off investment up front right? I mean based on this, the real peak (percentage wise) would have been month 1 when it went up 21.04% followed by month 2 which went up 11.36% then it was all downhill from there with negative or close to 0% returns month on month for the next 10 months until recovery.

    It really does promote the "time in the market vs. timing the market" mantra :)
     
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  3. Optimus

    Optimus Well-Known Member Business Member

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    Did you buy any beyond meats shares?

    Going bonkers!
     
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  4. Dan Donoghue

    Dan Donoghue Well-Known Member

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  5. Michael.Knight

    Michael.Knight Well-Known Member

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    You're going to regret selling... Should have kept going for another 18 months...
     
  6. Optimus

    Optimus Well-Known Member Business Member

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    Here we go again......
     
  7. Redwing

    Redwing Well-Known Member

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  8. chylld

    chylld Well-Known Member

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  9. Redwing

    Redwing Well-Known Member

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    xrp.JPG Ripple's got a way to go by the look
     
  10. Shogun

    Shogun Well-Known Member

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    Dogecoin is the go. Market Cap 1.7 Billion.

    I predict $10 for this underrated coin. It's the future of currency.

    Crazy not to invest 10c even a $1 if you're brave. Currently 0.02 of a cent. Big gains already this year.
     
    Last edited: 10th Jan, 2021
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  11. Redwing

    Redwing Well-Known Member

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  12. datto

    datto Well-Known Member

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  13. Adrianz

    Adrianz Active Member

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    lol $10 is based on... what? being used by the Jamaican bobsled team?
     
  14. Shogun

    Shogun Well-Known Member

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    Once upon a time like 2010 bitcoin was fractions of a cent too
     
  15. Codie

    Codie Well-Known Member

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    What is Dogecoin's use or future use ?
     
  16. Shogun

    Shogun Well-Known Member

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    I am not sure why the Flat Earth people are so pro Bitcoin. They tend to hold beliefs and avoid the facts.

    Dogecoin is a much more stable currency so better to trade with. A large number of people own Dogs so they will also support it.

    Time travel back to 2010 and Bitcoin was 0.00x of a cent. I ask you what is Bitcoins future use. What would you answer? What is Bitcoin current use?
     
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  17. Codie

    Codie Well-Known Member

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    I'm neither here nor there and frankly don't know much about the crypto space at all. Question on Dogecoin was a genuine one. I also have dogs lol

    I do know there's 1000's of different coins but who knows which ones will succeed and which ones wont.

    I like Gary Vee's take on it as he always seems to be early to things and in the know, he said blockchain is the internet, bitcoin is Facebook or myspace. Blockchain tech is the future so go hard in that but choosing an individual coin and going this heavy before its been adopted by govts etc seems silly. Play the long game.

    After reading about Ethereum, that seems to be more where id lean to putting my hard earned. invest in the tech, not the company.
     
  18. Shogun

    Shogun Well-Known Member

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  19. Pier1

    Pier1 Well-Known Member

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  20. db9

    db9 Well-Known Member

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    Yes, that reminds me a lot of the the Furby train a few years ago... gotta know when to hold 'em and know when to fold 'em. So far, all I've learned with crypto is HODL & never ever share your private keys. At least one of those teachings is going well so far! :p
     

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