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Shorting a bubble also involves timing the peak and decline, I don't feel confident in my ability to do that (or anyone's tbh). I'm not knowledgable enough abou
by garethsprice 9y ago
Shorting a bubble also involves timing the peak and decline, I don't feel confident in my ability to do that (or anyone's tbh). I'm not knowledgable enough about Bitcoin markets or how shorting works to make a rational decision - it'd be a pure bet.
First time round I got into Bitcoin and was able to time the peak right (by luck) and made enough for a few nice dinners, should've held onto them though.
This time my strategy is just to buy and hold - my hypothesis being that there is a small chance Bitcoin/crypto will form the basis of a new economic mode - if it isn't and it crashes to zero, I'm only in as far as I can lose my stake completely (or lose my nerve and cash out what's left which is also highly likely). I am a very boring and amateur investor. I am the dumb money :)