This is why I hold.

  • I frequently think back on, what if i got in BTC in 2011… i’d be so rich!

    But here’s the thing. If i paid $0.30 for BTC…

    I would have sold at $1 - 300% gain

    I would have sold at $5 - 1600% gain

    I would have sold at $10 - 3300% gain

    I would have sold at $50, at $100, at $500, at $1,000, etc etc.

    I would have sold 100 times over before it ever got to $20,000 (or $6,000 for that matter). There’s zero chance i would have any left today.

    All would have been excellent gains on my initial investment. But I wouldn’t be rich.

    Assets with high short-term volatility risk have higher returns over the long term.

    Stop checking the prices every day.

    Stop ‘taking profits’ on the way up.

    Let the natural course of a breakthrough technology market do the work for you.

    Just buy, and wait.

    submitted by /u/snorkleface
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