Replying to Avatar BITCOINSAFARITZ

"While #Bitcoin's long-term log scale performance is breath-taking, its historical daily return is a measly 0.2%.

To newbies who want to get rich by day trading BTC: Don't. The odds are really 50:50. Instead, compound the 0.2% daily return by HODL-ing over the long term."

- @bitcoinfool

d9
Happy Trader 2y ago

0.2% - that statistic is incorrect, misleading, and what's the point that it's making anyway?

Over the entire time that bitcoin has been trading, the return has been 0.28% per day. However, that number has varied a lot over time. In the past 3 years, it's been 0.09% per day.

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