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Just because it went up doesn't make it a good investment. Especially as Bitcoin is still more gambling than investment. Also that you are blindingly listening
by bhaak 6y ago
Just because it went up doesn't make it a good investment. Especially as Bitcoin is still more gambling than investment.
Also that you are blindingly listening to others would make you a bad investor. A good investor needs conviction and staying power.
Would you have sold after Bitcoin has crashed from $30 to $2?
- Reedx 6y ago> Would you have sold after Bitcoin has crashed from $30 to $2? That's exactly it. Let's say you bought at $0.01. What are the odds you would have held on until the price per coin hit $10,000? Or $1,000? Or even $100?
- qes 6y agoIt's a bit easier to chill and wait now that we've seen the same boom and bust cycle repeat a handful of times.
- trident1000 6y agoSocial networks have value thats not measured in traditional cash flow analysis. Thats why its less of a gamble than many think it is.
- LAMike 6y agoHave fun staying poor