Bitcoiners want to get billionaires quick with their little scheme, call noobs that are trying to get out of the mess late "greedy".
It is no secret that I sold some at $675 in 2013. The next exit zone starts earliest at $3,000, probably higher.
It is no greed to sell at a bottom, it is just stupid. Stuff is as valuable as a year ago (or more, due to more adoption, etc.), yet 75% cheaper. This is a game and you are offered 4 times better odds than last time when you took them. Instead of taking them now, or holding, you decide to fold.
If anyone becomes a billionaire with bitcoin, he deserves it. So many chances of folding were offered but he held on.
There is voice of reason in the midst of so much babbling nonsense. Thanks Risto.
I am having to argue a bit with BitchicksHusband a little about not folding right now though. I guess it is hard not to get emotional. We did have to sell some of our holdings in December but bought back a little last week. I think the hardest thing to wrap my brain around is the fact that BTC should be so much more valuable with all of the infrastructure that has been put into place during 2014. Why hasn't some of the money used to build this infrastructure been used to boost the price up a bit? Aren't these companies at all concerned about BTC users getting disillusioned and leaving BTC completely?
What infrastructure? More merchants accepting bitcoin to immediately dump it via a third party payment processor is not infrastructure, it's just proof that bitcoin is not viable as a real currency. Your mistake is that you've convinced yourself that bitcoin should be worth so much more, when market forces are clearly showing you that it's not. This is how amateur investors lose fortunes. They might close a winning position some of the time, but when they find themselves in a losing position they are so emotionally committed that they can't admit they are wrong and ride it all the way down to destruction.