Quote:
Originally Posted by MrBottomTooth
Ya, I never understood people that said they were doing that. It was pretty clear you needed to buy low and sell when it was at those incredible highs and rinse and repeat.
Did they think it was just going to keep going up?
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The stock market, before the financial crisis was floating around 12,500.
The market crashed and people had no option but to keep hold of what stocks they had, or lose a lot of money.
Where is the stock market at right now?
Sometimes you gotta take the bad with the good, there will be a recovery, depends on how long that recovery for BTC will take.
On the plus side, those of that did diversify into other crypto currencies, such as LTC are seeing some decent gains which is enough to off-set the potential losses on BTC.