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Most definitely. Bitcoin has never gone up 10-20x in a short timespan before. It will never happen! https://www.youtube.com/watch?v=XbZ8zDpX2Mg https://www.you

Most definitely. Bitcoin has never gone up 10-20x in a short timespan before. It will never happen! https://www.youtube.com/watch?v=XbZ8zDpX2Mg https://www.youtube.com/watch?v=XbZ8zDpX2Mg

RcouF1uZ4gsC 4y ago
Also GameStop.
- lottin 4y ago
  Not to mention the lottery. A lottery ticket can go from $1 to several millions in a split second.
px43 4y ago
I love how that video is from 2015 when the price was $200. Two major bubble expansions later, and literally 100x higher BTC price, and people are still saying the same dumb thing. I would never suggest that anyone gamble on cryptocurrency that they can't afford to lose, but all of these El Salvador buys are less than a year old. People in this thread are ridiculing buys that wouldn't even qualify for long term capital gains. This is the kind of short-term short-sighted thinking that causes people to make terrible financial decisions, like panic selling. Warren Buffet has the famous saying "The stock market is a device for transferring money from the impatient to the patient." If you can't think in terms of 10 year horizons for your investments, you probably shouldn't be doing it.
- k__ 4y ago
  Yes. I'm no fan of BTC, but this is BS. The last dip lasted 2 years, if you bought at the wrong time. In 2-5 years we can talk, lol
  - kelnos 4y ago
    > if you bought at the wrong time. That's the problem; no one can predict when the right and wrong times are.
    - incrudible 4y ago
      Buying at all time highs after a parabolic move upwards is the wrong time to buy and hold, not because a loss is certain, but because it is probable.
      - px43 4y ago
        For sure, going all in on anything when the price is within 5-10% of the all time high is just crazy. Maybe doing regular small buys to Dollar-Cost-Average your way in isn't so bad. Better than not holding anything of something you like, but the closer to ATH the buy is, the riskier it is.

Most definitely. Bitcoin has never gone up 10-20x in a short timespan before. It will never happen! https://www.youtube.com/watch?v=XbZ8zDpX2Mg https://www.youtube.com/watch?v=XbZ8zDpX2Mg

RcouF1uZ4gsC 4y ago

Also GameStop.

lottin 4y ago
Not to mention the lottery. A lottery ticket can go from $1 to several millions in a split second.

px43 4y ago

I love how that video is from 2015 when the price was $200. Two major bubble expansions later, and literally 100x higher BTC price, and people are still saying the same dumb thing. I would never suggest that anyone gamble on cryptocurrency that they can't afford to lose, but all of these El Salvador buys are less than a year old. People in this thread are ridiculing buys that wouldn't even qualify for long term capital gains. This is the kind of short-term short-sighted thinking that causes people to make terrible financial decisions, like panic selling. Warren Buffet has the famous saying "The stock market is a device for transferring money from the impatient to the patient." If you can't think in terms of 10 year horizons for your investments, you probably shouldn't be doing it.

k__ 4y ago
Yes. I'm no fan of BTC, but this is BS. The last dip lasted 2 years, if you bought at the wrong time. In 2-5 years we can talk, lol
- kelnos 4y ago
  > if you bought at the wrong time. That's the problem; no one can predict when the right and wrong times are.
  - incrudible 4y ago
    Buying at all time highs after a parabolic move upwards is the wrong time to buy and hold, not because a loss is certain, but because it is probable.
    - px43 4y ago
      For sure, going all in on anything when the price is within 5-10% of the all time high is just crazy. Maybe doing regular small buys to Dollar-Cost-Average your way in isn't so bad. Better than not holding anything of something you like, but the closer to ATH the buy is, the riskier it is.