Thank you for your support. Without it, I wouldn't even be able to respond to these comments. My background in economics doesn't lend itself well to day trading. It is better served in stock portfolio construction, economic development and policy design, manufacturing or sales optimization, or even blockchain consensus design.

A lot of day trading today is momentum investing and sometimes this actually goes against economic models. For example, most economist would probably say that Tesla would be a better investment than Bitcoin. I would have said that. This would have been my analysis:

TSLA holds a dominant position in a new technology that will disrupt cars. Bitcoin is not the best money and its not even the best cryptocurrency. Its one of the slowest blockchains. It has high fees. Its difficult for normal people to use. The value of the coin is volatile and its not broadly accepted as a form of payment. TSLA has a self driving electric car that is fast and everybody wants one. However, if you invest in Bitcoin from the beginning and TSLA from the beginning you would be richer if you invested in Bitcoin.

Here is what $10,000 in TSLA would be worth since its IPO (June 29, 2010):
$1,841,817

Here is what $10,000 in Bitcoin would be worth since its ICO (January 3, 2009):
$1,317,970,908

“There are two kinds of forecasters,” said the economist John Kenneth Galbraith. “Those who don’t know and those who don’t know they don’t know.”

I know that I don't know :)

I think I can turn this comment into some type of short post on Leofinance

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