Investing Mantra #5
“Only buy something that you’d be perfectly happy to hold if the market shut down for 10 years.”
– Warren Buffet
You should only be purchasing things that you believe in for the long term. Do not be tempted by short-term pump-and-dump investments. Do you believe Bitcoin will be around 5-10 years from now? If it is around - will it be valued more then it is today?
What about the hype around "Bitcoin Cash"? would you be comfortable holding onto it for 5 more years? Do you think the market will value it or will it be forgotten?