Re: switching to fiat money vs shorting Btc as a consistent hedging strategy
Quote
Instead, if you bought bitcoin at its high back in december 2017, after just 3 years you'd be forgiven your mistakes..
but, surprisingly, they are right until now..
and, I'll admit, that makes me a little mad ..
This kind of pattern is what make cryptocurrency different kind of trade. You can hodl a coin in its bear continuously until it picks again without losing its unit even when you are hodling in your wallet. Those who bought at the last ATH in 2017 and felt bad of bear are all having a new story today.
That's why they don't care if bitcoin goes down for short time period. Because they believe cryptocurreny is more bigger than dot-com bubble.
As traders we only try to get maximum profit for the short term and as holder/investor they only try to get maximum profit for long term.