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I have a little BTC and ETH just for fun. It 'tumbles' and then 'skyrockets' quite frequently. Incredibly volatile. I bought in at $16 for ETH right after the
by wakkaflokka 9y ago
I have a little BTC and ETH just for fun.
It 'tumbles' and then 'skyrockets' quite frequently. Incredibly volatile.
I bought in at $16 for ETH right after the EEA announcement, pulled out my principle at $54, and now I'm just watching this crazy roller coaster ride. It's fun.
But I sure as hell am keeping my retirement in my 401k. I cannot imagine the stress on people who have a substantial investment in BTC or ETH, but they probably have a totally different mindset than I do when it comes to cryptocurrency.
- tudorconstantin 9y agoI guess it's less stressful once you're at 100x ROI in a few short years to see your ROI at "only" 70x.
- mamon 9y agoI don't know - people get attached to their belongings pretty quickly. In your example, if you invested 1000 $ in Bitcoin, watched it grow to $100k and then back to $70k then you would feel like you lost the cash equivalent of brand new car. It would be very painful, despite the fact that original gains came so easily.
- damnmachine 9y agoThe extreme volatility is why BTC was never intended to be used as an investment tool. @aantonop has stressed this over and over again.