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RE: HODL for Life!

in #cryptocurrency7 years ago (edited)

Well played. I am not a fan of the day traders who try to time the market waves. If you're going to invest in something, have faith that it will be a good investment long term. If you're chasing fads, you're much more likely to get burned... even if you think you've made a profit, you still need to take taxes into account!

At the same time, I so think bitcoin and other cryptos do benefit from people using them as a medium of exchange. Not just buying and selling cryptos, but using them to buy products, real estate, services, etc.... I just shudder everytime I hear the stories of kids buying Ferraris a few years ago in Bitcoin... none the less, it proves cryptos are effective tools for commerce.