Re:The Bitcoin Whales: 1,000 People Who Own 40 Percent of th...
by qsucvatz on Friday December 08, 2017 @12:26PM
(#15880276)
In the end, either one does or does not own the property. They choose when to buy and when to sell.
From your perspective, isn't it a massive risk not to sell at this all time high value?
If they hold or sell, do they deserve whatever outcome?
Re:The Bitcoin Whales: 1,000 People Who Own 40 Percent of th...
by Nursie on Friday December 08, 2017 @01:17PM
(#15880643)
> From your perspective, isn't it a massive risk not to sell at this all time high value?
Not really, if you didn't tie up significant proportions of your net worth in the initial buy.
> If they hold or sell, do they deserve whatever outcome?
Deserve is a worryingly moral word to apply there.
My only dispute is that early adopters took a lot of risk. It's not like they sunk their life savings into opening a small business.
Very few. In more/most it's just taxable.
>> They also endured 90% drops in value from early peaks to troughs. Bitcoin could have gone to zero at any point if the system had failed. (It still could)
OK, sure, but again not a massive risk if your initial stake was tiny.
And it was a stake rather than an investment - it's not really an investment as you're not investing in a productive endeavour. More like buying and holding an asset.