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It's not that simple... How do you know how long to hold? I bought a bunch of bitcoin for under $100 each and sold them for ~$1000 each at one point. Should

It's not that simple... How do you know how long to hold? I bought a bunch of bitcoin for under $100 each and sold them for ~$1000 each at one point. Should I have held them longer? Sure, but how could anyone really know that? How do you resist the urge to realize the >10x gain in a short term? After it went up to ~1200 it crashed down to 200-300 for years before it recovered and skyrocketed to new heights. If you had bought bitcoin for something low like say $100, are you telling me you would really have resisted selling it when it hit $1000? or $2000? How about when it hit $10,000 or $25,000 or even $50,000? Knowing that it could come crashing down at any second as well. The peak was nearly 70K, and now it's only about half that. So simply holding isn't a complete strategy.

kylebenzle 3y ago
1. Until USD inevitably collapses under the weight of its own indebtedness and fraud. 2. Yes, you made a mistake. Use the "Rake Method" many of us have preached for a decade. No guessing needed, profit taking can even be automated. It's all very simple. 3. Yes, a great buying opportunity. 4. Yes, I bought a lot around $150's. Using the rake method you can't go wrong. If it's more cash than I need I buy gold. Easy. Angin, the research is already done, and we have a solution to your issues, the rake method.
- vlod 3y ago
  >No guessing needed, profit taking can even be automated. It's all very simple. I assume you have a net worth > $100M right? as it's so easy.
- deleted 3y ago
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