Quote from: Biodom on July 04, 2015, 01:07:34 AM

Quote from: jehst on July 04, 2015, 01:02:43 AM

Quote from: gentlemand on July 04, 2015, 12:49:00 AM

Quote from: jehst on July 04, 2015, 12:41:05 AM

It's been said a million times by the veterans, but it bears repeating: the mistake you'll make is selling too early. I've done it multiple times, even after learning that it was a bad thing to do. I doubt your "hodl until I die" plan will work when emotion takes over.

The last year and a half have been a fine trial by fire for people who've sat through it all. I'm sure they've felt the full spectrum of emotions. If you've lived through this then I think you're probably pretty hardened to future swings. If you're still around now you're likely to be in it for the long haul.

Yeah, I've been sitting through it and now I'm in too deep to turn back.
I can handle a bubble to 1000 or 3000 without losing my head. Part of me will just be thinking "Finally!"

But if it goes to $10,000 to $100,000 within the next 5-6 years, I can't see myself staying cool. Even after all the long hours playing with models and various assumptions to convince myself that it's possible.

100K probably won't happen for a simple reason that it would make too many early-to-mid adopters rich, so they have to sellout beforehand, say at 1K-10K.

A good plan if you are positive on BTC: accumulate in 2015-2016, then starting in 2016-2017 divide your presumable stash by the number of years that equal maxumum that you'll live (have left). Say, be optimistic and go for 100. Then, cash out every year this number of BTC on your birthday, wife/GF birthday or son/daughetr birthday.
This way, you would probably enjoy it more.

it won't happen in one step, but it can happen in a few steps, it's all about floors's consolidation, if the next time we can consolidate the 1k-10k range, then the future holder will be willing to wait for a bigger price and so on, any realistic price, in possible, it is a matter of time