Quote from: 1Referee on March 19, 2019, 08:44:58 PM

Quote from: arpon11 on March 19, 2019, 07:05:16 PM

If you sell now you will be regretting when bitcoin get to $50,000 or $200,000 in some years to come as it has happened before and most times we regret selling too early.
Keep holding and the future is for you!

Long term speaking I agree with you, but short term speaking, hodlers have not been much of a help preaching the importance of being a hodler during uncertain times. $6000 wasn't worth dumping at people said, and we all know what happened afterwards. It could apply to the current price as well, so I would be a bit more conservative when it comes to telling people to hodl since they mostly only care about the short term picture.

What people can do is have two stashes of coins; one purely for speculative purposes, and the other for long term hodling purposes. The ratios are up to people themselves, but in my case as risk averse pussy, it's 90% hodl stash and 10% trading/speculation stash. 100% Bitcoin. I do however use Bitmex to long/short certain altcoins do they offer a decent profit making opportunity.

Which is weird because since when do people view investments as short term things? People are always told to invest long term, the same applies to bitcoin. I think the face that bitcoin grows so fast has some people thinking if you're not making lots of money in the next few months then you shouldn't be buying bitcoin. Which is what leads people to not buy now at the bottom and instead wait two years when bitcoin is ripping up through 5 digits toward 6 digits and then throw money in. It doesn't really make sense. If you can't even keep your money in an investment for a relatively short time span like 3 years you're doing it wrong.

But i guess lots of people come to investment all wrong. My brother is telling me this is a great time to get into the stock market after a massive boost in 2017 and a decade long bull market, when most analysts see a recession coming soon as the US economy is propped up on massively increased debt spending the past couple years and is basically out of tricks to continue to spur the economy, and the negative long term consequences of those tricks are probably gonna start biting the economy and the stock market in the ass pretty soon.
Meanwhile I've got people at work every week or so asking me how much I lost in bitcoin so far, and I say nothing because I'm accumulating, not selling right now. They don't understand, they think I can only lose money simply because bitcoin crashed last year.

Anyone who isn't willing to hold for a few years shouldn't be investing in anything and first needs to learn about what investing is all about.