Using the log scale calculator at the fnordprefekt de site I found the points for the blue trend line.
It assumes an average 0.215 percent increase per day which really makes me question whether I should bother continuing to day trade cryptos or if it's time to simply dollar cost average and hodl for a year or two.
Whatever I do I am probably going to have at least half my crypto portfolio in long term positions. This is especially considering that if BTC does go to its old high then eth will probably also I will post another chart in a bit that figures the percent per day eth will be increasing by if it hits its old high by end of next year...
It assumes an average 0.215 percent increase per day which really makes me question whether I should bother continuing to day trade cryptos or if it's time to simply dollar cost average and hodl for a year or two.
Whatever I do I am probably going to have at least half my crypto portfolio in long term positions. This is especially considering that if BTC does go to its old high then eth will probably also I will post another chart in a bit that figures the percent per day eth will be increasing by if it hits its old high by end of next year...
Comment:
Eth will need to increase at a rate of about 0.5% per day to get to its old high by then. Seems hard to imagine, but it did have periods before where it did that and if they can fix their transaction rate problem it could be the catalyst to see growth like that.
