historical return

Starting a trading system? Here is some basic backtested bitcoin statistics.

Fellow bitcoiners:

Today, I will be covering a post on basic statistics about bitcoin performance. Historical bitcoin price is a good starting point for building your own system. It’s kind of like knowing the historical return for the stock market (8%). The expectation is that your system need to outperform this number. So today, I will be covering a few statistics including percentage of green/red day, average daily gain for green/red. More advanced stuff, expectancy, profit/loss ratio and so forth.

Backtest specs: