> The price of bitcoin has increased sixfold in the past year<p>Later, regarding the trader in question,<p>> His portfolio is up 295 percent in the past 12 months.<p>...am I interpreting the numbers wrong, or has he done significantly worse than the market here?
> His portfolio is up 295 percent in the past 12 months.<p>The coins on Coinbase alone (BTC, ETH, LTC) are up 600%, 2200%, and 1300%, respectively. Many altcoins have done several times better.
Probably a naive question, but I wonder if money in and out of bitcoin could be regulated by the governments in the future as “gambling” income or loss?
Since I hardly hear anybody use bitcoin or *coin as cash rather than just speculating that the value will go up...
If you're comparing his returns with your own, take into consideration risk-adjusted returns. Traders try to avoid massive downside risk, and the best ones structure trades where they stand to lose very little in most outcomes.