AI
Thursday, April 22, 2021 7:06:23 AM
Something I have been noodling the past few weeks.
I have noticed Bitcoin and Ethereum do not perfectly track each other. Rather than buying and holding Bitcoin since the beginning of this year, what if I compared the two to each other, and flip-flopped back and forth depending on which one was performing better?
How about a +133% return YTD (compounded interest), and it's only April !!
https://schrts.co/mHrpCqdS
https://schrts.co/QbCdeXCa
https://schrts.co/CiJgZYUH
The same idea works for the Grayscale ETF's, but the return is less. 108% YTD versus 133% YTD. (The ETF fund managers need to get paid too)
https://schrts.co/gxPXbDWe
https://schrts.co/RbWECTcB
https://schrts.co/UyZNtrnF
I have noticed Bitcoin and Ethereum do not perfectly track each other. Rather than buying and holding Bitcoin since the beginning of this year, what if I compared the two to each other, and flip-flopped back and forth depending on which one was performing better?
How about a +133% return YTD (compounded interest), and it's only April !!
https://schrts.co/mHrpCqdS
https://schrts.co/QbCdeXCa
https://schrts.co/CiJgZYUH
The same idea works for the Grayscale ETF's, but the return is less. 108% YTD versus 133% YTD. (The ETF fund managers need to get paid too)
https://schrts.co/gxPXbDWe
https://schrts.co/RbWECTcB
https://schrts.co/UyZNtrnF
My posts are my opinion. Always trade at your own risk.
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