Here is why owning some Bitcoin now makes sense

[schweiz]

I guess the suckers that bought around 19k for 1 bitcoin needs to buy more to average down their investment.

He will "average down" the total value he is financially worth in the long term.

Each time he buys at a lower level and the bitcoin continues to drop he will take an ADDITIONAL loss.

He should buy when nobody wants it and sell when everybody wants it. That's what happened the last years. Below 1k nobody wanted bitcoins, above 10-19K everybody wanted them.

 

[schweiz]

Doubt it will go under 1k .... maybe 6000 at most ..

All people who bought end of 2017 were sure it would never fall back over 60%, but yet it did.

 

[viruscore1]

He will "average down" the total value he is financially worth in the long term.

Each time he buys at a lower level and the bitcoin continues to drop he will take an ADDITIONAL loss.

He should buy when nobody wants it and sell when everybody wants it. That's what happened the last years. Below 1k nobody wanted bitcoins, above 10-19K everybody wanted them.

No way I wanted anything to do with bitcoin. I guess you are speaking for yourself here when you say everyone...

 

[schweiz]

No way I wanted anything to do with bitcoin. I guess you are speaking for yourself here when you say everyone...

Not speaking about you but about the person you are speaking about in your posting.
I clearly wrote HE and not YOU. So was not addressed to you.

 

[misterkel]

That doesn't mean that ANY crypto should be more than 3 digits.

This argument is wrong because Market Cap is the dictator of value, not individual coin price.

 

[misterkel]

10% of a 5X but a 40% chance of it losing half its value (make up whatever numbers you want here) then obviously you would not want to take that bet.

Sure you would - if there was only a 25% chance of it doubling.

 

[Pekelo]

This argument is wrong because Market Cap is the dictator of value,

cough, Dogecoin cough