There are three weak points in holding bitcoins versus trading: compounding frequency leverage But I am afraid the majority doesn't even understand what I am posting. You can beat the bitcoin's performance while having less risk and less drawdowns.
Why would you suggest that the majority of ET can't understand your thinking here? It is same as holding SPX for the long term vs trading ES. IF you are a good trader then go for it.
I posted already in past that I have better risk reward options (don't confuse with options trading, option is used in the meaning of alternative) then buying bitcoins. But each person should decide what he wants to do as he will take the reward or the damage, depending on the final outcome. But I repeat: a lot of people have no idea how to calculate potential profits and their risk rewards. PS:it is clearly NOT "holding SPX for the long term vs trading ES". And I forgot 1 extra weak point: leverage. I also have a huge problem with comparing" holding SPX for the long term" with "holding bitcoin for the long term". Watch behavior of both, there is a huge difference between the two.
"...CME and CBOE are competing to dominate the market for bitcoin derivatives by offering different products. They also have different systems for pricing their products. CME is relying on a daily reference rate based on data from a aful of constituent exchanges. The rate is set daily at 4 pm ET London Time..." So... does mean it's going to be like mutual funds with their "end of day" pricing... and no intraday trading??