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And if you bought Enron stock in the 1990s and sold in 2000, you also made a wonderful profit. The existence of a trading opportunity (with perfect timing just

by pavlov 4y ago

And if you bought Enron stock in the 1990s and sold in 2000, you also made a wonderful profit. The existence of a trading opportunity (with perfect timing just assumed) doesn't tell you anything about the fundamentals. A lot of people bought Bitcoin during the late 2017 hype peak, around $17-19k. If they're still in, they're underwater on their investment now five years later. So it's not actually such a great long-term investment for the regular people who buy when the FOMO is high.

noxer 4y ago
You just did the same "perfect timing" just in reverse. BTW buying BTC is not an investment it is speculation. Also 17k-19k will probably give huge returns in 3 years or so. Its a high risk high reward bet you cant expect 100+% gains without also expecting some periods where you will be "underwater". If you aren't fine with both, long term crypto holding just isn't for you.