Quote from: philipma1957 on Today at 02:48:42 PM

Quote from: yrk1957 on Today at 06:12:19 AM

Running a business in negative for 15 months in the hope of selling high later?

More like gambling than business.

It is funny you say this. It is very much like owning a few race horses. Not betting on them which is gambling.

Owning a racehorse is very very very high risk business.

But if you get a good baby horse on the cheap and the horse wins a lot. you can make millions of dollars.

USA tax law gives a break for horse owners to be a business you need to have 2 winning years out of 7
A normal business in the USA needs 2 winning years out of 5.

The op is talking serious hodl of coin and laying out tons of out of pocket for gear and power to be able to hodl from Jan 2018 to 2020.

Many people can not do this. So they lose.

!!!EXATLY!!!

Great Example with the race horses