Friend of mine bought 2 Bitcoin for $25k a few years ago, sold them at the bottom for $10k. And now stays out of it because it’s too volatile.
#Bitcoin isn’t too volatile, your emotions are.
Discussion
Let’s hold a minute of silence for the poor soul.
Nope! You only do that if you haven’t done the 100+ hours of work into Bitcoin
Even though it’s $30k? Sad 😔
A classical buy high, sell low strategy. That's what people with high time preference do. Now, he's angry at #Bitcoin and possibly you.
He'll be back. When that's happen, tell him to read at least a couple of book, before he starts DCA with amounts that are smaller than 10% of his paycheck.
Ooof
