1 BTC = $8.2k, it’s up 735% this yr UPDATE 5/19: BTC @ $42k :damn:

BornStar

BornStar

Marathon Continues
Joined
Jun 11, 2017
Messages
5,291
Reputation
815
Daps
15,402
Reppin
N.Y.
Uitomy said:
Honestly at this point that shouldn't even be something that takes balls to hold. If an investor buys Bitcoin off rip that should know they gonna see some serious up and downs. When btc when down to 28k I felt greedy as hell, if it goes to 250k and went up and down 50k for a few months in a bear market Itll be like acid, seeing a portfolio move like that is a unique experience. Gotta learn to love that volatility.
Click to expand...

Like you said you have to learn to love volatility but most people hate volatility due to their emotions. Not everyone can "gamble" their hard earned money on cryptos. For that scenario you mentioned what if it skyrocketed to 250k then went down to 50k for 6 or 7 years that could potentially crush your crypto spirit. Also factor in the diminishing gains theory.
 
the bossman

the bossman

Superstar
Joined
Sep 4, 2012
Messages
10,567
Reputation
2,287
Daps
49,331
Reppin
Norfeast D.C.
Uitomy said:
Honestly at this point that shouldn't even be something that takes balls to hold. If an investor buys Bitcoin off rip that should know they gonna see some serious up and downs. When btc when down to 28k I felt greedy as hell, if it goes to 250k and went up and down 50k for a few months in a bear market Itll be like acid, seeing a portfolio move like that is a unique experience. Gotta learn to love that volatility.
Click to expand...
Right. The volatility is just a small price to pay for the great upside. Imagine selling AMZN back in 2000 just cause it went down 75%. Got to zoom out and look at the big picture
 
Uitomy

Uitomy

Superstar
Joined
Nov 17, 2016
Messages
11,866
Reputation
1,554
Daps
42,847
Reppin
Anxiety attacks and sugar cookies
BornStar said:
Like you said you have to learn to love volatility but most people hate volatility due to their emotions. Not everyone can "gamble" their hard earned money on cryptos. For that scenario you mentioned what if it skyrocketed to 250k then went down to 50k for 6 or 7 years that could potentially crush your crypto spirit. Also factor in the diminishing gains theory.
Click to expand...
Well thats the thing, I'm speaking mainly for people who do invest in it, it's unavoidable, it's almost contract like, the moment you buy Bitcoin you buy the volatility, people like the ones you mention simply should just invest in something else more stable if they feel like that :yeshrug:
 
Virtuous_Brotha

Virtuous_Brotha

Superstar
Joined
May 3, 2012
Messages
9,002
Reputation
1,396
Daps
20,485
Reppin
NULL
BornStar said:
Imagine the pull backs during a 6 figure bitcoin 30% is 30k down in a day.:huhldup:who has the balls to hold during those times. What if we enter a bear market but we thought it was a dip. What if it rebounds and goes to 200k or 300k or 500k. What if we totally miss the bull run:banderas: this should be fun
Click to expand...
The drops will become smaller as it goes higher (i think) It's harder to drop 30% on a six figure btc than it is now.
 
O

old pig

Veteran
Supporter
Joined
Nov 12, 2017
Messages
105,181
Reputation
20,015
Daps
437,437
  • Dap
Reactions: DLo
S

Standing on business

Veteran
Supporter
Hall of Shame
Joined
Aug 3, 2012
Messages
40,278
Reputation
-36,102
Daps
227,403
papa surf said:
it’s running too fast…showing that it’s almost doubled since the announcement…tried buying some but I’m getting a “price impact too high” message…this has a relatively low token supply too so I wouldn’t be surprised if it has a good little run…damn

*edit*

got some…hope this continues to run hard
Click to expand...


Still running up
 
You must log in or register to reply here.
Top