Re:What Bitcoin’s White Paper Got Right, Wrong and What We S...
by qes on Saturday October 31, 2020 @05:13PM
(#24955239)
> if you had invested in November 2013
Cherry picking the singularly worst point.
> 4 years of being in the red is a hard pill to swallow
For which you would've been rewarded with nearly all of the months since 2017 with 500%+ gain, and as of now and also for quite a number of months since 2017, 1000%+ gain.
> there's no reason to think this will be true for another 10 years
Just one more bull run like those previous is going to put Nov '13 buyers at 10,000% gains, and if history comes close to repeating itself that will occur within 2 years.
> if you're not diversified
then you disregarded the single most repeated quip of investing advice in the bitcoin community - no more than you can afford to lose.
Cherry picking the singularly worst point.
> 4 years of being in the red is a hard pill to swallow
For which you would've been rewarded with nearly all of the months since 2017 with 500%+ gain, and as of now and also for quite a number of months since 2017, 1000%+ gain.
> there's no reason to think this will be true for another 10 years
Just one more bull run like those previous is going to put Nov '13 buyers at 10,000% gains, and if history comes close to repeating itself that will occur within 2 years.
> if you're not diversified
then you disregarded the single most repeated quip of investing advice in the bitcoin community - no more than you can afford to lose.