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Even a small amount of time spent perusing Bitcoin fora reveals an endemic belief that if one doesn't sell, one has incurred no loss. Any conversations discussi
by skookum 9y ago
Even a small amount of time spent perusing Bitcoin fora reveals an endemic belief that if one doesn't sell, one has incurred no loss. Any conversations discussing a realized loss will quickly surface the "weak hands" meme wherein the loser simply didn't have sufficient will or presence of mind to keep HODLing and selling their Bitcoins served to benefit the better investors who were able to buy them at a discount.
Perhaps the author is simply playing to the zeitgeist?
- cgmg 9y agoDo you have any evidence to back up your claim that the author believes “if one doesn't sell, one has incurred no loss”?
- skookum 9y agoI made no such claim about the author's beliefs. I posited that the author was pandering to an audience with such beliefs, an audience who loves these "tulip mania didn't happen" stories because in their logic they somehow serve as rebuttal to the possibility that crypto-currencies are experiencing a speculative mania of their own.
- cgmg 9y ago> I posited that the author was pandering to an audience with such beliefs Why did you posit that?