Hacker News new | ask | show | jobs
by brandong 4583 days ago
These people may have not been wrong, just early. Keep inflating a balloon - it's hard to say when it's going to pop, but still accurate to say that it will at some point.

If I had money invested in bitcoin, I would pursue a strategy that kept in mind that it very well could be a bubble- and one that could lose most of it's value before you have a chance to get out.

The wisest plays aren't the ones that make the most money, but the ones that concrete gains by taking the profit off of the table: Sell out X% every time it hits a new arbitrary high.

2 comments

Protip: You can only argue something was a bubble if the current price is lower than the price at which you said it was a bubble.
Is taking profit off the table easier given that BTC can be bought/sold in very small quantities 0.0000x?