Re:Bitcoin’s Overnight Collapse Probability Is About 50%
by ashtonkem on Tuesday February 16, 2021 @11:22AM
(#26155447)
“Crashes are just discounts” is one of the more pernicious financial memes around.
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Re:Bitcoin’s Overnight Collapse Probability Is About 50%
by tengbretson on Tuesday February 16, 2021 @11:24AM
(#26155485)
Crashes have always been discounts.
Re:Bitcoin’s Overnight Collapse Probability Is About 50%
by ashtonkem on Tuesday February 16, 2021 @11:29AM
(#26155558)
In theory that’s true if you’re holding long term instruments with reasonably stable value and growth (which is not guaranteed for crypto currencies) and happen to have the liquid cash to buy. But in practice it’s often not true, as most investors who try to “time the market” end up underperforming the actual instruments they trade in.
It’s really not true if you have any leverage at all, where a crash might increase your margin requirements or wipe you out entirely.
Re:Bitcoin’s Overnight Collapse Probability Is About 50%
by SV_BubbleTime on Tuesday February 16, 2021 @07:15PM
(#26160770)
I remember when Hertz was deeply discounted this last spring. What an amazing deal.
Re:Bitcoin’s Overnight Collapse Probability Is About 50%
by llcoolv on Tuesday February 16, 2021 @11:24AM
(#26155484)
and the hodl-gang's interpretation: "dips exist only so that coins could go from weak hands to strong hands" :D
Re:Bitcoin’s Overnight Collapse Probability Is About 50%
by freebuju on Tuesday February 16, 2021 @11:51AM
(#26155894)
Thanks for making me laugh. Kind of reminds me how "weak hands" swayed by WSB, bought GME just before its share value tanked
Re:Bitcoin’s Overnight Collapse Probability Is About 50%
by Ariez on Tuesday February 16, 2021 @11:34AM
(#26155637)
I'm guessing you didn't buy any stocks around april last year? :(