Your simple theory can also be applied to stocks. Easy! I'm guessing you must be... | Hacker News

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		koonsolo on June 19, 2022 \| parent \| context \| favorite \| on: Bitcoin’s nosedive through the $20k mark is a Mins... Your simple theory can also be applied to stocks. Easy! I'm guessing you must be a multimillionaire by now. Strange that nobody else came up with this simple solution: buy low, sell high. Incredible! And here I am, an idiot investing in index funds and HODLing crypto. What a fool I am! Edit: Sorry for my dumb question, but is it buy or sell right now? And at what price point to I need to sell or buy in again? Thanks for the advice! I'm going to be a multimillionaire soon.

endisneigh on June 19, 2022 [–]

I am a actually. Index funds are effectively doing just that are losers are dropped and winners are added :).

If you bought a long time ago and are profiting a lot I’d sell, good luck.

koonsolo on June 19, 2022 | [–]

To be fair I was selling small portions when it was at the previous peaks :).

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