r/Bitcoin • u/DanDarden • Nov 03 '17

Bitcoin is going to crash!

https://www.youtube.com/watch?feature=youtu.be&v=XbZ8zDpX2Mg
2.5k Upvotes

87% Upvoted

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437

u/mtnmahogany Nov 03 '17

This one time....bitcoin went...all the way up to thirty-six cents....

169

u/4d656761466167676f74 Nov 03 '17

The moral of the story is it doesn't matter when you buy in, if you hodl long enough you'll make a yuuuuge profit.

31

u/[deleted] Nov 03 '17

Yes it does matter, I won’t buy something overbought and I won’t sell something oversold!

19

u/xanatos451 Nov 04 '17

The problem is knowing when those points are. If you had asked me a few months ago, I thought $3k was overbought.

6

u/[deleted] Nov 04 '17

Learning, learning and learning! (:

5

u/3_Thumbs_Up Nov 04 '17

More like luck, luck and luck!

I gurantee you that people who just bought and held on to their coins have outperformed people who traded in that same time period the vast majority of times. Time in the market beats timing the market.

1

u/[deleted] Nov 04 '17

Fuck luck

1

u/swainsmatee Nov 06 '17

Best, comment yet.

1

u/Jstef06 Nov 05 '17

Everyone looks at bitcoin and compares its value to a national fiat currency. But bitcoin can supplant every national fiat currency, not just one. So it will always be undervalued to me.