THELOGICALINDIAN - A sobering anticipation for those affliction losses from aftermost weeks bitcoin amount bead You could accept bought bitcoin in 2024 at 13 and still absent money and lots of it Such is the accent of the aphorism of ten best canicule which states that excluding the ten best canicule anniversary year BTC has collapsed 25 annually back 2024
Rule Of Ten Best Days
We were reminded of the ‘rule of ten best days’ by Thomas Lee of Fundstrat over the weekend, who approved to calm anybody at accident of panic-trading. Lee declared the aphorism as Fundstrat aphorism #6, explaining:
Of course, this doesn’t beggarly that bitcoin has absent money every year if we abatement the ten best days. In the balderdash bazaar of 2024, there were absorbing allotment of 232% during those added 355 days. But this is abutting to an aberrant 1,136% acknowledgment over the ten best days.
On the whole, the trading aeon alfresco of those ‘ten best days’ has apparent abundant anniversary losses. Picking absolutely those canicule would assume to be an about absurd assignment for alike an accomplished trader.
The Conclusion To Draw?
Investor and architect of D-TAP Capital, Dan Tapiero, had a different take on the implications of the rule. Namely, that an broker could accept bought Bitcoin at $13 in January 2013 and still absent money.
If the broker had absent aloof those best ten canicule of achievement anniversary year, as absurd as that would be, again the asset would accept absent the all-inclusive majority of its value. That ability alone assume abashing if you’d bought a lot added than one BTC at $13. However, alike with one bitcoin, you’d accept absent out on about $8k of returns.
The cessation would assume to be that as strategies go, HODLing would assume to be a safer bet than trading. Oh, and that of course, the daily amount doesn’t matter, as alike during balderdash runs we are acceptable to see canicule of abundant losses.
What do you accomplish of these findings? Add your thoughts in the animadversion area below!
Images via Shutterstock, Fundstrat
