3 ms·
People make bad decisions. While it would be odd to be suicidal if you held bitcoin over the period you mentioned, there will be people who bought in at the to
by nebulous1 9y ago
People make bad decisions. While it would be odd to be suicidal if you held bitcoin over the period you mentioned, there will be people who bought in at the top. There will also be a smaller subset of people who overextended themselves and bought in at the top. All I'm saying is that there could be people who are genuinely in trouble now, regardless of how short the time was.
- austenallred 9y agoIt's more a comment on the volatility than anything. People see that something is up 100% in one month and assume it won't lose 25% of value the next. We humans are not super rational.
- pishpash 9y agoIt's not like bitcoin hasn't had a record of price history, yet still when people see sh*t shooting up they don't consider it a sign of volatility, but rather return. Read this: http://www.businessinsider.com/bitcoin-volatility-risk-adjusted-return-worse-than-stocks-2017-12 http://www.businessinsider.com/bitcoin-volatility-risk-adjus... What this is telling you is, if you wanted a lot of excitement for potential gain, you could have always leveraged up your ho-hum retirement account and done better.