-1 upvotes, 2 direct replies (showing 2)
View submission: Don't invest recklessly
I don't see that "typical" bubble curve here. Where is it?
Comment by StarMaged at 30/11/2017 at 16:10 UTC
3 upvotes, 0 direct replies
Look at a log chart. Amazon is staying linear on that kind of chart, Bitcoin is going exponential on it.
If you remove the bubbles from Bitcoin's history, it looks pretty similar to Amazon, yes. So, if you have a bunch of money that you don't really care about, putting it in Bitcoin is not a bad idea. But, that was never the point of the OP. The point was that if you invest more than you can afford to lose in the short term and know that you would not be able to withstand a drop to $1k or less for an extended period of time without being pressured to sell at a major loss, you should re-evaluate your investment decision.
That is why we always push for dollar-cost-averaging: you put in what you don't need from every paycheck and HODL until you hit the moon. Over the long term, even an investment at bubble prices will do exceptionally well, at least according to past performance. The key is not to sell when you are down 90%.
Comment by TheOzzk at 10/12/2017 at 05:21 UTC
1 upvotes, 1 direct replies
You’re kidding, right?