These past few months in the crypto space remind me of the stock market after March 2009.
People who got in then and traded in and out made money as stocks went on a massive tear.
They brag about their 400% gain since 2009 after spending the last 8 years stressing about the daily gyrations.
Had they simply bought and held an index fund since March 2009 their portfolio would be up 350+% and not had the stress the other guy had.
HODL!!!
Haha, exactly, guess the markets are still somewhat similar except that here even if you place some funds into the ones that won't be successful, the gains from all others got you pretty much covered over time.
Yeah the gains in this space are still going to dwarf the gains in other sectors. I heard the term "asymmetrical trade" when referencing these cryptos where you can risk a small amount and still have a massive gain
Yep, the volatility and charts we see today will be but a blimp in the charts of the future. :)
And here I am worrying about $50 moves in the BTC price.... :/