Altcoins Talks - Cryptocurrency Forum

Cryptocurrency Ecosystem => Bitcoin Forum => Topic started by: tranthidung on February 28, 2024, 05:19:57 PM

Title: Best 10D each year of Bitcoin in return.
Post by: tranthidung on February 28, 2024, 05:19:57 PM

Source: https://twitter.com/HHorsley/status/1762660112915964385

(https://pbs.twimg.com/media/GHY5xi8bQAAEgqv?format=jpg&name=900x900)

This point of view is interesting but my opinion is you should not bargain with the price too much and you should zoom out, think of something bigger than only one year, one market cycle. You can get good profit even you miss best ten days each year.

See Bitcoin profitable days (98.3% as of writing) and its yearly candles chart (with only 3 Red Yearly candles in history).

• https://www.lookintobitcoin.com/charts/bitcoin-profitable-days/
• https://charts.bitbo.io/yearly-candles/

(https://i.ibb.co/2gkpMcf/Bitcoin-Profitable-Days.png)

(https://i.ibb.co/FwYFpm2/Yearly-Candles.png)

---

Note:

• It was posted first in that topic, on Bitcointalk (https://bitcointalk.org/index.php?topic=5486943.0)
• I leave the source link to avoid plagiarism accusation.
• I excluded/ included minor things from an original thread ^{if necessary}.

Title: Re: Best 10D each year of Bitcoin in return.
Post by: tranthidung on February 29, 2024, 04:51:17 PM

I did not look into it with details and how the author made that chart. I shared as it reveals interesting point of view and I think it's enough.

Now, I tried to play with data and here is a break-down of Bitcoin price change in 2024 so far.

• p_oc: percent of price change between open price and close price daily.
• open: Open price
• close: Close price

If I take a sum of 10 best days so far in 2024, I have it is 50.5%, that is closely to the number in the chart and if I take sum of the rest, probably it gives a number is -9.2%.

If I drop two latest days, 27 and 28 Feb, two cumulative numbers will be 42.2% and -15.1%. Did the chart author make a typo from 42% to 52%?
My guess is my methodology and that chart author is the same.

Green days

Code: [Select]

      +------------------------------------------+
     |      date   p_oc        open       close |
     |------------------------------------------|
  1. | 28feb2024    9.5    57,071.1   62,504.79 |
  2. | 08jan2024    6.9   43,948.71    46,970.5 |
  3. | 26feb2024    5.4   51,730.54    54,522.4 |
  4. | 26jan2024    4.7   39,936.82   41,816.87 |
  5. | 27feb2024    4.7   54,519.36   57,085.37 |
  6. | 01jan2024    4.5   42,280.24   44,167.33 |
  7. | 14feb2024    4.2   49,733.44    51,826.7 |
  8. | 09feb2024    4.1   45,297.38    47,147.2 |
  9. | 12feb2024    3.4   48,296.39   49,958.22 |
 10. | 04jan2024    3.1   42,855.81   44,179.92 |
     |------------------------------------------|
 11. | 29jan2024      3   42,030.92   43,288.25 |
 12. | 07feb2024    2.9   43,090.02   44,318.22 |
 13. | 08feb2024    2.2   44,332.13   45,301.57 |
 14. | 15jan2024    1.9   41,715.07   42,511.97 |
 15. | 02jan2024    1.7   44,187.14   44,957.97 |
 16. | 24feb2024    1.6   50,736.37    51,571.1 |
 17. | 16jan2024    1.5   42,499.34   43,154.94 |
 18. | 10feb2024    1.3   47,153.53   47,771.28 |
 19. | 01feb2024    1.2   42,569.76   43,075.77 |
 20. | 11feb2024    1.1   47,768.97   48,293.92 |
     |------------------------------------------|
 21. | 10jan2024    1.1   46,121.54   46,627.78 |
 22. | 20feb2024      1   51,777.73   52,284.87 |
 23. | 06feb2024      1   42,657.39   43,084.67 |
 24. | 18feb2024     .9   51,661.97   52,122.55 |
 25. | 19jan2024     .8   41,278.46   41,618.41 |
 26. | 23jan2024     .8   39,518.72   39,845.55 |
 27. | 27jan2024     .7   41,815.63   42,120.06 |
 28. | 24jan2024     .5    39,877.6   40,077.07 |
 29. | 16feb2024     .4   51,937.73    52,160.2 |
 30. | 02feb2024     .3   43,077.64   43,185.86 |
     |------------------------------------------|
 31. | 25feb2024     .3   51,565.22   51,733.24 |
 32. | 05feb2024     .2   42,577.62   42,658.67 |
 33. | 15feb2024     .2   51,836.78   51,938.56 |
 34. | 20jan2024     .1   41,624.59   41,665.58 |
 35. | 13jan2024     .1   42,799.45   42,842.38 |
     +------------------------------------------+

Red days

Code: [Select]

     +------------------------------------------+
     |      date   p_oc        open       close |
     |------------------------------------------|
 36. | 05jan2024    -.1   44,192.98   44,162.69 |
 37. | 07jan2024    -.1   43,998.46    43,943.1 |
 38. | 28jan2024    -.2   42,126.13   42,035.59 |
 39. | 21jan2024    -.3   41,671.49   41,545.78 |
 40. | 25jan2024    -.4   40,075.55   39,933.81 |
 41. | 13feb2024    -.4   49,941.36   49,742.44 |
 42. | 03feb2024    -.4   43,184.96   42,992.25 |
 43. | 06jan2024    -.4   44,178.95   43,989.19 |
 44. | 11jan2024    -.6   46,656.07   46,368.59 |
 45. | 19feb2024    -.7   52,134.81   51,779.14 |
     |------------------------------------------|
 46. | 30jan2024    -.8   43,300.23   42,952.61 |
 47. | 21feb2024    -.8   52,273.54   51,839.18 |
 48. | 31jan2024    -.8   42,946.25   42,582.61 |
 49. | 17jan2024    -.9    43,132.1   42,742.65 |
 50. | 04feb2024     -1   42,994.94   42,583.58 |
 51. | 17feb2024     -1   52,161.68      51,663 |
 52. | 23feb2024   -1.1    51,283.9   50,731.95 |
 53. | 22feb2024   -1.1   51,854.65   51,304.97 |
 54. | 09jan2024   -1.8   46,987.64   46,139.73 |
 55. | 14jan2024   -2.4   42,842.26   41,796.27 |
     |------------------------------------------|
 56. | 18jan2024   -3.5   42,742.31   41,262.06 |
 57. | 03jan2024   -4.7    44,961.6   42,848.18 |
 58. | 22jan2024   -4.9   41,553.65   39,507.37 |
 59. | 12jan2024   -7.6   46,354.79   42,853.17 |
     +------------------------------------------+