I bet you some people trading ES or CL made more than that. Having traded both ES (currently trading at $4970) and BTC ($43,200), I can definitely say that you can make more day trading ES than BTC. But you're right. All this talk about Bitcoin being the next best invention or whatnot is irrelevant. At the end of the day, it all comes to HOW MUCH MONEY HAVE YOU MADE?
maybe you are better than me at trading, but a 22% (historically worst case) sounds pretty freakin good to me. the bigger point to me is how dismissive some people are, despite this performance over more than a decade. We can all have opinions, but if you’re a real trader you listen to the market, and the bitcoin deniers are obviously ignoring the market.
When? Shortly after this thread was created: https://www.elitetrader.com/et/threads/is-the-crypto-winter-over.372152/page-156#post-5924042 Spot or futures? Both.
Ok, but then I don't get the ES vs BTC comparison you are making the claim ES is better. You micro-trading the ES. The link trade posts who almost 2 weeks in between. Either way a blanket statement is still that.
"Micro-trading the ES"? I don't follow. Do you mean I trade the micro (MES) or I scalp? In any case, what I'm sayig is that it's fairly easy to score 10 points or more on ES in a matter minutes these days. That's $500+ per lot. But that's not the case with BTC. Maybe it's just me but the price pattern for BTC is too damn messy. Regarding the 2 trades you're referring to, those are swing trades (obviously ). I also day trade BTC, although not as frequently as ES, but I don't even bother posting those.
Speaking only for myself, I never suggested you couldn’t make money with crypto, just that it is intrinsically worthless. It’s the True Believer “hodlers” who will run out of runway at some point because they will be “hodling” beyond that point.
Yup, I think it's dangerous being a long term holder, don't fall in love with the hype. Humans are great marketeers, be it gold, religion, crypto, Nickel, tulips, NFT's, pet rocks, guns, watches.... Unfortunately humans get caught up in excitement. Now women......hmmmmm, can't shake that off.
Money (store of value) is hundreds of trillions of $ global industry Fiat currencies are guaranteed to debase, some slower than others and they cannot be stores of value over time