Post
Topic
Board Bitcoin Discussion
Re: HODL: You have to wait 30 years for your money
by
Boseda
on 26/11/2017, 10:07:32 UTC
For all of those you like to say HODL.

If you wait long enough it will bounce back.

As an example look at the Dow Jones stock index.

If you bought in 1929 just before the downturn you had to HODL for 30 years until the price was back where you bought it

If you bought in 1966 just before the downturn you also had to HODL for 30 years until the price was back where you bought it

Don't believe it? see for yourself: http://www.macrotrends.net/1319/dow-jones-100-year-historical-chart

Are you willing to HODL when the price goes down and risk having to wait 30 years to get back up?


Very bad analogy!

You compared very different industries with different times. "Hodling" for Bitcoiners can mean one or two years, it simply mean to not day trade or make too much activity on exchanges.