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Why don’t you show the performance for the same over the last 12 months ???
Whilst you are not a fan crypto is here to stay and will one day be a SMALL part of everyone’s portfolio.
I say SMALL because of the current volatility
Why?
You wouldn’t have held it for 12 months. Its a trading entity that saw its price drop almost 10% in 2 days – that’s why we have stops.
AS a small portion of a portfolio it could be buy and hold it is an emerging technology which could be very important in the future but not something to bet the house on
Looking at the charts a 3atr stop would have seen BTC go from $34k to $48k BCH from $490 to $654 ETH from $2104 to $3400 XRP from 69cents to $1.09 LTC $139 to $178
Interesting to see there is someone else with a functioning brain and a tongue that isn’t rolled out
And a 3ATR stop on CHN would have seen a move from $1.43 to $6.98. All just trading positions.
Bitcoin and its network is a use case for blockchain technology, not a technology in itself. The price of crypto may go up but the value proposition does not change, it only has value in the context of how much fiat it can be converted to on any given day. As Chris states, it’s a trading entity above all else and should be classed as amongst the most speculative component of one’s portfolio.