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RE: "Diversification is for retards" - Warren Buffett

in #cryptocurrency6 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

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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 😀

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