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Topic
Board Speculation
Re: rpietila Wall Observer - the Quality TA Thread ;)
by
rpietila
on 20/01/2015, 10:35:58 UTC
A friend of mine had a hard time understanding Bitcoin. He owns quite many, but is plagued with inane -EV concepts of daytrading, such as panic selling, and "buying back lower".

I just told him: "Bitcoin. It's like land. If someone offers you less for your land than what it's worth, you just give a hardly-noticeable smile and wave him away." Land is not to be sold. Unless you need the money.

You don't constantly trade in-out your land. Same: Just don't sell your bitcoins.