Post
Topic
Board Speculation
Re: Anyone else think "long term" hodlers are idiots?
by
Light
on 28/12/2017, 04:49:04 UTC
This forum in general inspires very little confidence regarding the financial capabilities of people.

You know how is really laughing? Someone who sold BTC at $1100, multiplied those gains by 1000% with some other investment, instead of the funds sitting hodl limbo during crypto winter for 2 years, and THEN used those proceeds to rebuy 50 times more coins at $180.

Your comment has a few problems:

1) It's nigh on impossible for people to perfectly time entering and exiting the market at recent historical high/lows - if you could do this with such great accuracy on Bitcoin you would probably do better day-trading shares.

2) No non-speculative (i.e. irrationally risky) investment offers a 10x return over 2 years. At least not to the general public - there might be exceptions if you had particular knowledge in the finance industry, and had a very large investment pool to play with.