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> Maybe next time the bloody Washington Post gives you investment advice, you should do the opposite. I did and I had significant losses. What does that say ab

> Maybe next time the bloody Washington Post gives you investment advice, you should do the opposite. I did and I had significant losses. What does that say about your statement?

icelancer 3y ago
The price of Bitcoin in 2015 was ~$350. To have significant losses after buying at that price point would have taken very serious skill.
- beefield 3y ago
  Could you elaborate a bit the "very serious skill" needed to store your bitcoin in e.g. Bitfinex or CuadrigaCX?
  - read_if_gay_ 3y ago
    Since it's apparently not obvious, long term holding your coins in a centralized exchange misses the entire point of crypto. Not understanding that takes some skill indeed.
    - the_gastropod 3y ago
      Oh, neat. So misplacing your hardware wallet also requires lots of skill. Gotta love that rugged libertarian individualism that turns bad luck into stupidity and good luck into galaxy brains.
      - read_if_gay_ 3y ago
        You mean to say you didn't make any backups?
- rightbyte 3y ago
  Each time it doubled you would have been a fool not to sell it. Holding is about the same thing as buying but with no transaction cost.
medo-bear 3y ago
you should have hodld
alvah 3y ago
It says the bloody Washington Post has no obvious skill at predicting the future, therefore any statements they make should be taken with a hefty dose of salt.
- chx 3y ago
  The article was not predicting the future, though. https://www.washingtonpost.com/news/wonk/wp/2015/06/08/bitcoin-isnt-the-future-of-money-its-either-a-ponzi-scheme-or-a-pyramid-scheme/ https://www.washingtonpost.com/news/wonk/wp/2015/06/08/bitco... > The thing is, I don't actually use it. I just hoard it. I'm waiting for some greater fools to push up the price by using theirs.
  - read_if_gay_ 3y ago
    And what is this made up quote (not to call it a strawman, as the wapo is certainly a prestigious outlet with very high standards) supposed to prove?

> Maybe next time the bloody Washington Post gives you investment advice, you should do the opposite. I did and I had significant losses. What does that say about your statement?

icelancer 3y ago

The price of Bitcoin in 2015 was ~$350. To have significant losses after buying at that price point would have taken very serious skill.

beefield 3y ago
Could you elaborate a bit the "very serious skill" needed to store your bitcoin in e.g. Bitfinex or CuadrigaCX?
- read_if_gay_ 3y ago
  Since it's apparently not obvious, long term holding your coins in a centralized exchange misses the entire point of crypto. Not understanding that takes some skill indeed.
  - the_gastropod 3y ago
    Oh, neat. So misplacing your hardware wallet also requires lots of skill. Gotta love that rugged libertarian individualism that turns bad luck into stupidity and good luck into galaxy brains.
    - read_if_gay_ 3y ago
      You mean to say you didn't make any backups?
rightbyte 3y ago
Each time it doubled you would have been a fool not to sell it. Holding is about the same thing as buying but with no transaction cost.

medo-bear 3y ago

you should have hodld

alvah 3y ago

It says the bloody Washington Post has no obvious skill at predicting the future, therefore any statements they make should be taken with a hefty dose of salt.

chx 3y ago
The article was not predicting the future, though. https://www.washingtonpost.com/news/wonk/wp/2015/06/08/bitcoin-isnt-the-future-of-money-its-either-a-ponzi-scheme-or-a-pyramid-scheme/ https://www.washingtonpost.com/news/wonk/wp/2015/06/08/bitco... > The thing is, I don't actually use it. I just hoard it. I'm waiting for some greater fools to push up the price by using theirs.
- read_if_gay_ 3y ago
  And what is this made up quote (not to call it a strawman, as the wapo is certainly a prestigious outlet with very high standards) supposed to prove?