Post
Topic
Board Trading Discussion
Re: Hodler, you motherfucker.
by
The Pharmacist
on 19/12/2018, 06:55:40 UTC
Trust me, I’m an economist.
Ehhh....I don't believe you on that one unless you prove it.

Some holders look stupid now, depending when they bought in.  The ones from 2010 will look pretty damn smart; those who bought in at $20k will look like suckers.  And if bitcoin were to spike to $10,000 tomorrow, that would change the perspective quite a bit.

Having said that, buy-and-hold with crypto has never sat well with me like it does with other investments, like stocks that pay good dividends and when said dividends can be reinvested.  The whole crypto market is more like a casino than it is a stock exchange, and there does seem to be a hell of a lot of emotion involved with crypto traders--they hold on well past the point of ever hoping to make a profit in markets like this.

But you never know.  If we start seeing some upward momentum, hodling might in retrospect turn out to be the smart thing to do.  Could happen, you know.