Unless of course they invested when bitcoin was over $1000.
Ever heard the phrase "past performance is not an guarantee of future returns?"
Ever heard the phrase "past performance is not an guarantee of future returns?"
My ballpark guess would be that the longest you might have held Bitcoin at a loss were if you purchased during a few day span during the peak of 2011. You would have had to have held for almost two years to have turned a profit. But on 95-99% of days in which you could have purchased bitcoin, you would have profited within 1 year.
I'll try and put that together. Should be interesting.
I think I would need to make a slider so that you could explore the concept at various time horizons -- 8 months might bring a 50% occurrence of profit.
But my expectation is that at 1 year 95% of investments are sound, while at 2 years it would be 100%.
But this boom is weird? I wonder if HFT's will be to blame, when we have the crash?
A competent Financial Advisor would calculate correlations between Gold price performance and your portfolio, and use the coefficient to recommend the right amount of gold to buy. Or they just spare you the jargon and do it for you.