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It's still early. Had you bought at $1 or even $0.01, would you have really held until $3500? At $40 you would have had decided whether to sell or not, then aga
by wyc 9y ago
It's still early. Had you bought at $1 or even $0.01, would you have really held until $3500? At $40 you would have had decided whether to sell or not, then again at $200, and at $600, and at $400, and then at $1000, etc. I think people like to gloss over all those difficult compounding decisions about whether sell or hodl.
On another note, seeing these as assets that merely store value for speculation may be a shallow view. However, it may be the case today. Long-term, the industry is betting that there are far deeper drivers of utility that will be unearthed in the next couple of years. This is where the real value can be captured and where fortunes may be made. Thinking about "what currency should I make a quick buck off of" misses a lot of the potential.
Here's a reading list: https://medium.com/@dwr/digital-currency-reading-list-6219f1623bfd https://medium.com/@dwr/digital-currency-reading-list-6219f1...