CD102: Bitcoin is the Best Money with Adam Back and Jack Mallers
Citadel Dispatch
00:00
Why Trading Bitcoin Is a Bad Idea
Bitcoin is going up on an exponential rate. If you take out the 12 biggest gains in a year, it goes down every year. So do you really want to sell it and try and time market? It's like playing, you know, there's a house betting against you or something. The collective group behavior of Bitcoin is partly what causes the volatility. But long term, that volatility edges out.
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