Re: Long Term Investors Doomed

Bitcoin value is going high every minute, and its gonna keep going up too. So all the people who invested their bitcoin in alts for long term are doomed now.
I don't think they will be able to recover their investments.
Are you one of those people too? What are your thoughts?

A few weeks or months have nothing to do with long term. And we have been seeing these kinds of movements and phases for as long as cryptos have existed, so there's nothing new here and definitely no "doom".

I don't know behavior like this is what happened in the dot com bust:
https://www.bloomberg.com/news/articles/2017-10-27/what-s-in-a-name-u-k-stock-surges-394-on-blockchain-rebrand

The dot com bubble also had a lot of greedy people who had no idea what they were buying too. So yes, a lot of people will get screwed in crypto, because they're not careful. Doesn't mean that serious long-term investors are going to have any problems here. People got rich during the dot com bubble and people will get rich during the ICO insanity. It's up to the individual if they want to follow the herd or properly study projects.