Quote:
Originally Posted by opendoor
The funny thing is, very few people (on either side of the argument) actually have a ton of conviction in what they're saying. If someone truly believed that they could predict the price trajectory in the short term with any real accuracy (as anyone talking about ETFs of halving seems to be suggesting), then they would have borrowed every dime they could get their hands on to buy out of the money Bitcoin options a month or two ago.
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This is very very different than having conviction. There is always a chance any investment could drop 90% or more or go to zero. If you invest every dime you have at worse you end up with nothing. Buy on margin and you can easily be in debt and never get out. There is no such thing as conviction meaning 100% chance of success.
I personally have never had the risk tolerance to buy on margin. I've never taken a loan outside of a home purchase.