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What do people think about Bitcoin?

Discussion in 'BBS Hangout' started by Spooner, Jan 25, 2014.

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What is the fate of Bitcoin?

  1. Currency of the future

    35.0%
  2. Passing Fad

    65.0%
  1. Sajan

    Sajan Member

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    you.
    my point.

    not intersecting.
     
  2. DonnyMost

    DonnyMost Member

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    They are though.

    You saying "but the price may go down!"

    Me saying "maybe, but the price must eventually go up!".

    Most of Bitcoin's violent upward moves happen 3 to 5 days a year.

    The idea that you're gonna time that correctly is just not good math.

    Buy. Hold. Win.
     
  3. Sajan

    Sajan Member

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    both statements can be true though.

    if you bought at the previous cycle top, you are still up, ...which I guess is your point. and i agree.

    i am saying, you can be up bigger if you can get in with a bigger amount at cycle bottoms. doesn't have to be the exact bottom but you are leaving gains on the table.

    then you come back and tell me i am going to get wrecked for timing things..
    but then i tell you, i am just adding more during drawn downs and bear market vs. more when the top is mostly in.
     

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