Uh huh, and all of my "Buy in at $3,900; buy in at $5,800" comments were downvoted too.
It's remarkable how influential groupthink is. Everyone is panic selling, so of course the logical action is to buy. It's never a good time to buy when everyone's been buying! This is the only correct time to do a long-term bet.
This is all quite mistaken for day trading, but that's not this strategy.
Everyone is panic selling, so of course the logical action is to buy.
A great many companies watch their stock crash... and then become worthless and cease trading. Buying those crashes was not a good move.
This is the only correct time to do a long-term bet.
A great many companies that didn't experience a crash in their stock nonetheless were great long-term bets, and some investors made their fortunes this way.
sillysaurus3|8 years ago
It's remarkable how influential groupthink is. Everyone is panic selling, so of course the logical action is to buy. It's never a good time to buy when everyone's been buying! This is the only correct time to do a long-term bet.
This is all quite mistaken for day trading, but that's not this strategy.
EliRivers|8 years ago
A great many companies watch their stock crash... and then become worthless and cease trading. Buying those crashes was not a good move.
This is the only correct time to do a long-term bet.
A great many companies that didn't experience a crash in their stock nonetheless were great long-term bets, and some investors made their fortunes this way.
CodingGuy|8 years ago
leadingthenet|8 years ago
But what is your responde to the fact that Bitcoin is just not that useful anymore? What exactly is this outrageous value based on?
VMG|8 years ago