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How do you know it's higher patience rather than the lower stakes (wrt initial investment)? Also, I'm not sure I agree with the "HODL" philosophy. btc has fall
by Chris2048 5y ago
How do you know it's higher patience rather than the lower stakes (wrt initial investment)?
Also, I'm not sure I agree with the "HODL" philosophy. btc has fallen a lot too, and the assumption "it'll all work out in the end (long term)" is exactly what can't ever be demonstrated (tomorrow never comes) until it all crashes, after which it's too late.
- xiphias2 5y agoI’m talking to my friends. A male friend of mine started cocaine really hard when the BTC price crashed, another quarreling with his wife so much that their marriage failed. They are getting really depressed generally, as their self worth as the provider of their family is linked to their wealth. About the HODL philosophy: I don’t understand any other. I bought for long term (10+ years) as an investment with high risk and high possible reward at $150/BTC. The 10 years haven’t passed yet (only 8), so we can come back to this thread to see if HODL works out or not.