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Technically you would've 'lost your shirt' in bitcoin if you had bought it during only 2 of the last 520+ months...
by zMiller 7y ago
Technically you would've 'lost your shirt' in bitcoin if you had bought it during only 2 of the last 520+ months...
- soVeryTired 7y agoBut those two months happen to be the months where everyone was buying. That's what made the price rise so dramatically.
- smileysteve 7y ago> happen to be the months where everyone was buying. So, in many ways the way any market distortion happens. If everybody else is buying, sell. If everybody else is selling, buy.
- hpkuarg 7y ago> If everybody else is buying, sell. If everybody else is selling, buy. As always, the market can remain irrational longer than you can remain solvent.
- rihegher 7y agoI'm pretty sure bitcoin is younger than 43 years
- andirk 7y agoIt is in Internet Dog (Cat) Years. Or, if each block is like a ring on a tree (per 10 min instead of 1 year), it's a little older than its inception date.
- nayuki 7y agoBitcoin has only existed for 552 weeks, beginning on 2009-01-03.
- benj111 7y agoIt depends when you crystalize the loss. If you need the cash and the market happens to be down this week, that's a problem. Don't forget this is replacing the savings and bonds that "dolts" use, this is supposed to be your short term easy to access money.