You are viewing a single comment's thread from:
RE: Will Bitcoin recover? Will Ripple recover?
What goes down will definitely go up. Time is the factor here. This crypto world has just digested one big blow from India's Union Budget 2018 which was presented on 01-02-2018. After that, the big fall was experienced.
Don't forget about Vertcoin!
😁
This is how long your suppose to wait to buy an actual DIP! I woke up to litecoin really low and I bout a ton. 2x within a month or 2!
I’m not trying to be nasty—I’m hoping to save you some money and increase your overall ROI long term.
But what I think you mean is that “What goes down might go up.”
There are lots of coins, stocks, commodities, and other investments that go down and stay down. It may even be that most investments that go down, stay down, and never go back up, if you include all investments in which the underlying thing of value simply failed and disappeared.
We just don’t tend to psychologically include those failures in our mental calculations, because those assets and investments are long gone and forgotten.
Similarly, lots of assets and ideas that lose value only to eventually fully recover, will experience that recovery long after we’re gone. Which means that for a person holding an asset currently, the eventua long-term success after their death is really not much consolation unless they conclusively were investing with the main purpose of potentially, someday, benefiting their children and grandchildren (and for that you can get just as good returns with much lower risk through more traditional investment vehicles paying dividends that you always reinvest and let the compounding dividends work over 30-100 years or so.)
I could absolutely not care less about the price action of crypto (I’m involved in crypto for ideological reasons, I’m very happy with my financial situation which doesn’t relate in anyway to the price of any crypto, up or down. I’d be happy at any price that is stabilized).
But assuming you care about crypto prices and investing successfully, this would be a better way of looking at things