Topic: If you bought in June of 2011, at the worst possible time... (Read 920 times)
Today, I looked at my tiny mining payments of 2011/2012. A lot of money today, but nothing at that time. I keep on repeating everywhere: Buy and Hold.
Exactly this happened to me, except that I only bought 2 BTC, at a price of Eur 25,- each. Never sold them, and glad I didn't.
What if it became double in 1 month? as it happened recently?
If you bought $10,000 worth of bitcoins at the peak before the crash of 2011, your investment would be worth double that today, approximately $20,000.
So, if you buy something, and 21 months later it is worth double what you paid for it, did you really fall victim to a bubble? If so, I welcome further bubbles! Bring on the bubbles! I'd love to double my investment every 21 months!
So, if you buy something, and 21 months later it is worth double what you paid for it, did you really fall victim to a bubble? If so, I welcome further bubbles! Bring on the bubbles! I'd love to double my investment every 21 months!
Jump to: