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Most likely, however i traded BTC to USDT for the first time using a method and it worked. Increased my sats by 6%. My logic is simple - convert to USDT at the end/beginning of a month (when people get salaries and BTC price increases) and convert back to BTC around the middle of the month. It has only worked this one time, first time, that i've tried this out. It remains to be seen how many months it will work. But the logic is very simple. People have more money at the beginning of a month and less in the middle of the month. The BTC price logically SHOULD follow this trend.

Secretary Janet Yellen 2y ago

You're about to learn a lesson by missing a serious pump. Open coinmarketcap and test your theory with 1 BTC, let's say since 1/1/2014.

See how much BTC you're about to have today.

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Discussion

BitcoinBeliever 2y ago

Good idea, i'll test it

BitcoinBeliever 2y ago

I've run into a serious problem. And i'm aghast! Every source is showing different data. The historical (Open, High, Low, Close) prices shown on CMC, Yahoo, and other sources are all different! How can this be!

Secretary Janet Yellen 2y ago

#Bitcoin price isn't set by some central authority. It is being traded for a different amount of dollars (or any other currency for that matter) at the same time. You can buy #Bitcoin the same second at two places and the price will be different.

The trading never stops so there's no official open/close position in a particular day.

BitcoinBeliever 2y ago

Hahahaha, you won't believe the number i got in excel. Wait for it...

1 BTC traded using my method from Feb 2015 till today would become....Wait for it......

......

.....

....

...

386, 569 BTC

I'm recalculating now taking into consideration trading fees, black swan events and HODL NO TRADE during pumps (since i will not be taking losses now, the figure will be even higher)

I have the data on Excel Sheet, i'm not joking.

Yeah, prices are different on different exchanges but more or less the same. I took the Yahoo data (which is same as CMC). I was mistaken earlier when i thought the data was showing different, it was not, i just selected Monthly low and high columns. I worked with the correct data.

I've been a pleb memer shitting on traders since 2013. Had i instead spent half a day on observing this trend instead of making those memes............sigh.

I'm not kidding, these numbers are true. 1 BTC would have become 386k BTC....sigh....

But anyway, lemme rework using the HODL NO TRADE periods where it is continually pumping like 2017 and 2021, as well as take hits on Elon Musk Tesla rugpull, 2020 Corona Black Swan crash, and 2018 crash, deduct for trading fees and come up with another number.

It's going to be even higher though.

Secretary Janet Yellen 2y ago

What do you mean no trade within pumping. You can't know when the pumping starts or finishes.

One way or another, I would be interested to see the CSV file. 300k #BTC looks insane