Crypto Chartbook: Bitcoin – Out Of This World

The core concept of space exploration is natural risk-seeking, welcoming the risk by controlling it, and searching for expansion. Similar to Bitcoin investing. That is to say, the instrument you might have searched for to expand on your wealth preservation. And just like in space, counterintuitive behavior is necessary for an environment that requires a special mindset. Bitcoin – out of this world.

We are not all trained astronauts but impersonating an existing character like a superhero can be a useful trick. Spock in Star Trek is not from this world. As such not bound to typical laws as we would normally solve a conflict situation as humans with instinct, devastating if done in trading. The reason why novices do not have a random hit rate but are consistent losers is that they trade in stress situations from an intuitive mind perspective and as such make consistently the wrong decision.
With a Spock impersonation, one would be logical with slight suppression of emotions, a large degree of curiosity towards everything, and a high level of discipline in behavior. His analytical and humble persona suits a successful traders’ path. In other words, the ideal makeup for solid trade execution.

BTC-USDT, Monthly Chart, Bitcoin – out of this world:

BTC-USDT, monthly chart as of September 22nd, 2020

BTC-USDT, monthly chart as of September 22nd, 2020

One look at the monthly chart gives you a clear indication that Bitcoin isn’t your classical trading instrument. While typically one can avoid volatility stepping towards a higher time frame, even the long-term investor needs special skills here to manage the swings. We have marked out monthly pairs and measured their percentage gains and losses from their absolute highs and lows of the month. None of these retracements is acceptable for any time horizon and can possibly wipe your account. At the very least the risk is extremely high to have damaging downswings in your performance curve. Typically, professionals would avoid instruments with such added risk. However, in this case with the limited options left for a balanced wealth preservation portfolio, skipping Bitcoin is a mistake. Instead, an alter ego might be just a necessary tool to find the needed confidence to trade such volatility properly.

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