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Author Topic: Why regular capitulation is good  (Read 500 times)
Hyena (OP)
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April 04, 2014, 08:31:44 AM
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I think everyone has to feel despair and be put on trial when investing into Bitcoin because I had my dim moments 1.5 years ago, why shouldn't have new dudes who joined the bitcoin train 2 months ago?

That's why it's good that we have capitulation after each surge in price. Weak hands and gamblers need to get their lesson. I'd be envious if an average Joe or his wife who heard about bitcoin 1 month ago went all in and would never be tested if he/she had weak hands or not.

If bitcoins are really worth something then everyone can't be a winner. Even if it's a global redistribution of wealth the pyramid still remains, except this time the bottom of the pyramid are the weak hands, pessimists and people who maintain an inner dialogue that prevents them from ever getting rich.

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IamComrade
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April 04, 2014, 08:47:08 AM
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I think everyone has to feel despair and be put on trial when investing into Bitcoin because I had my dim moments 1.5 years ago, why shouldn't have new dudes who joined the bitcoin train 2 months ago?

That's why it's good that we have capitulation after each surge in price. Weak hands and gamblers need to get their lesson. I'd be envious if an average Joe or his wife who heard about bitcoin 1 month ago went all in and would never be tested if he/she had weak hands or not.

If bitcoins are really worth something then everyone can't be a winner. Even if it's a global redistribution of wealth the pyramid still remains, except this time the bottom of the pyramid are the weak hands, pessimists and people who maintain an inner dialogue that prevents them from ever getting rich.

I agree I think it's good
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