Post
Topic
Board Trading Discussion
Re: Stop complaining when the value of your holding is low
by
nl247
on 21/03/2018, 12:18:50 UTC
not such a good example in my opinion. people don't buy "Gucci sneakers" to make profit, they buy them to wear. but when it comes to bitcoin, most people are buying it to make a profit and worst thing about them is that they are not traders so they want a rising market only to make profit and they don't even know how to make profit if the market is anything but rising only. so when the market is not moving according to their expectations and they not only not making profit but also losing a lot, they start complaining and panicking and eventually their panic sell crashes the price (the final crash before the reversal).

if someone is buying bitcoin to benefit from bitcoin (like how they benefit from a "Gucci sneakers") or if they are traders, they would have never complained about dropping price of bitcoin.

And that is really the point and the main reason I used the Gucci Sneakers. Isn't the benefit obvious? But the thing is that people do not want to know and I understand some see it just as a get rich quick scheme which is where they totally missed it from the start, but if everyone can understand the benefit they stand to gain in the long term without looking at the quick profit, I am sure they would see it this way and would rather not complain.

Nevertheless, I can actually buy Gucci sneakers to make profit if I am planning to resell as a retailer in the long run, so one way or the other, based on how I perceive it, it is still an opportunity at that moment, but I absolutely get your point.