hdbuck
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September 13, 2015, 05:10:49 PM



How come that chart shows Bitcoin shooting up from $150 to $1000+ in November 13, but their funds only went up a tiny little bit in November 13? If their strategies are so great then their funds should have increased in value faster than Bitcoin back then. Why did Bitcoin shoot up in value in November 13, but their funds didn't? Anyone holding Bitcoin back then could make money just by sitting back and watching it shoot up in value

They probably only count the dollars when they've sold the bitcoins.
Once you have bought bitcoin, you can't say you hold dollars.
Once you sell the bitcoin, you get dollars again.
Therefor, when the price dropped, their chart goes up because they're selling bitcoin to covert them for dollars.

Obviously they count their gains in dollars.


exclusively counting my gains in bitcoin here Grin Cool