The move was risky as hell, but calling it idiocy was a stretch I think. There were lots of indicators back then saying that the bitcoin price would continue to climb, but not a lot of people were brave enough to pull the trigger without having seen the price increase with their own eyes first.
If it looks stupid and it works, it's not stupid.
Topic: [2017-11-28]As Bitcoin Goes Parabolic, Analysts Voice Their Concerns (Read 586 times)
November 28, 2017, 11:58:06 AM
November 28, 2017, 11:48:55 AM
It takes a brave soul to bet it all on bitcoin. Yet six months ago, that’s exactly what one Redditor did, using $325,000 of equity to purchase 191 BTC. As one commenter put it: “Firstly, let me wish you good luck. Second, let me tell you how much of an idiot you are.” As bitcoin kisses the symbolic $10k threshold, a new wave of intrepid souls has emerged, willing to lay it all on the line in the name of bitcoin. Will history prove them to be shrewd or stupid? That all depends on which analyst you consult.
SOURCE: https://news.bitcoin.com/bitcoin-goes-parabolic-analysts-voice-concerns/
SOURCE: https://news.bitcoin.com/bitcoin-goes-parabolic-analysts-voice-concerns/
There is no reason to call the Redditor a fool . He obviously turned out to be way smart and shrewd among-st all of us .
Bitcoin is at its optimum potential and this is quite perceptible that the old investors are already having celebrating their Christmas eve and this party will go on for a long time . Bitcoin has shown a substantial growth by 900% since September and the investors who invested at that period are getting a maximum profit out of it if they are still holding Bitcoin .
Quote
“Firstly, let me wish you good luck. Second, let me tell you how much of an idiot you are.”
In this scenario , the speaker turned out to be a bigger idiot . That is why the adherents always suggests " There is no bad time to buy bitcoin and it is never too late to buy bitcoin " . The emerging people investing in Bitcoin is the sole reason of its value right now .
November 28, 2017, 09:27:55 AM
It takes a brave soul to bet it all on bitcoin. Yet six months ago, that’s exactly what one Redditor did, using $325,000 of equity to purchase 191 BTC. As one commenter put it: “Firstly, let me wish you good luck. Second, let me tell you how much of an idiot you are.” As bitcoin kisses the symbolic $10k threshold, a new wave of intrepid souls has emerged, willing to lay it all on the line in the name of bitcoin. Will history prove them to be shrewd or stupid? That all depends on which analyst you consult.
SOURCE: https://news.bitcoin.com/bitcoin-goes-parabolic-analysts-voice-concerns/
SOURCE: https://news.bitcoin.com/bitcoin-goes-parabolic-analysts-voice-concerns/
Jump to: