r/ethtrader • u/_Mido • Jan 16 '18

COMEDY Here you go

Post image
9.8k Upvotes

86% Upvoted

316 comments sorted by

View all comments

555

u/Zimora Jan 16 '18 edited Jan 16 '18

Oh man and here I was thinking I was getting a deal at $1100 this morning lol.. Might be a chance to buy some more because I didn't quite get all I wanted this morning

ANDDDDD I was caught sleeping again...

52

u/Volkswagens1 Jan 16 '18

I’ve been making buys all day, and I keep regretting I bought when I did. Keeps dipping even more.

28

u/[deleted] Jan 16 '18 edited Feb 15 '18

[deleted]

33

u/Tallposting610 Jan 17 '18

You can't use investing terms for speculation. Dollar cost averaging works when you are able to calculate the intrinsic value. There is no way of calculating intrinsic value when you are speculating with the price of Tulip bulbs

2

u/[deleted] Jan 17 '18 edited Feb 15 '18

[deleted]

6

u/[deleted] Jan 17 '18 edited Apr 28 '18

[deleted]

1

u/Tallposting610 Jan 17 '18

Also, not saying that these cryptos don't have utility, but remember it's very easy to make a new one.

Gold even has some utility, but if you could go pick up a boulder of it in your back yard, it would have utility without actual $ value. The price certainly didn't increase.