Bitcoin

There are many interpretations.

This is one interpretation:

On 24 Oct 23, BTC broke the one-year record high.
OP started this thread on 24 Oct 23.

OP just bought the BTC at 34K, after it broke the one-year record high.

When BTC hits 60K, he will be able to buy the Lotus Emica that is on the deck.

 

Lambos/ Emiras are made buying when everyone else is panic selling...not buying the trend, or breakouts, or momentum.

 

Lambos are made in sideways markets.

 

I would suggest hiring an arithmetic tutor first.

https://www.elitetrader.com/et/thre...-this-fallacy-still-exists-in-trading.376628/

 

Why? All the dealership asks for is the mrsp. ???

 

You didn't know that if you lose 50% and then gain 75% you are actually up 25%???

This math only works on bitcoin tho

 

Anyway read the thread and you will see that math is actually a traders fallacy, and it is completely irrelevant to the probability of price returning to a previous level.

 

The trend is your friend. It’s the end of the trend that’ll give you a reality check.