Post
Topic
Board Speculation
Re: Why I left BTC
by
rebuilder
on 03/04/2014, 13:39:04 UTC
Bitcoin is good for trading the volatility. The buy and hodl days are over. You are doing it all wrong.

This is why I am on the edge of leaving crypto like the op personally. Some of us have day jobs and we don't have the time or money to sit around all day buying at the dips playing day trader. I want an investment I can feel safe buying, turning off the computer and coming back 6 months later. I am still unsure if Bitcoin is this solvent and alts definitely aren't that at this moment either.

Where did you ever get the idea Bitcoin was anything like a safe investment? It's a new, barely-tested payment system and public ledger all in one. It's radical in many ways and no-one knows if it's going to work in the long term, or what that would even mean. Any potential as an investment is purely incidental and profits entirely unguaranteed.

It's like you saw a unicorn and thought it would make a pretty good racehorse if you bought it. Maybe it would, maybe it wouldn't, but man! It's a unicorn!