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This is not saying much. Obviously short term positions in a volatile asset are bad. Are you implying that long term positions in BTC are good?
by twiceaday 9y ago
This is not saying much. Obviously short term positions in a volatile asset are bad. Are you implying that long term positions in BTC are good?
- wand3r 9y agoYes, that was what I said exactly. The price was $20-30 dollars and if you were long on that with even a small position you would have made significant money over the long term. BTC has always fluctuated a lot but on average if you held the currency for long periods of time; >1 year, you would have more money than you had previously. It is short term speculators that have always driven volatility.
- twiceaday 9y agoPast performance is not indicative of future returns. We will never again have the same climate for BTC as we had. It is absolutely "wild" for you to treat strong future BTC growth as a foregone conclusion.