RE: "Diversification is for retards" - Warren Buffett

You are viewing a single comment's thread from:

"Diversification is for retards" - Warren Buffett

in cryptocurrency •  7 years ago 

I couldn't agree more with this - so many people are just dabbling in crypto b/c they view it as a get rich quick scheme - which is just exacerbating the volatility. At the first little downward move or sudden profit gain, they sell, which creates huge market waves. If everyone actually took the time to understand what they were investing in...they'd better have the conviction to hold during volatility and help smooth out these crazy market movements we see sometimes

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

Hindsight kicks me in the ass and asks, "why didn't you sell the short term high and buy back in at current levels"?

"why didn't you sell the short term high and buy back in at current levels"

Taking the risk to miss a 2000% move to get the possible 10% gain of a correction may not worth the shot.

High volatility is part of the fun 😀