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November 22, 2017, 06:07:59 AM |
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Many in here say they have steady profits with Bitcoin. Also they keep promoting the "hodl" strategy to get those steady earning.
This is exactly the same as being in a casino betting all your money on red on the roulette.
Right now we have been lucky, and red have won 10 times in a row. And you are using that as an argument that betting on red is a good profitable strategy?
"hodl" as a strategy only works as long as you keep being lucky.
As we all know, long-term there is only one winner in the casino, and that is the casino itself. In Bitcoin, the only long-term winners are the miners and the people owning the exchanges.
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