Quote from: JimboToronto on March 10, 2016, 06:07:18 PM

Quote from: JayJuanGee on March 10, 2016, 05:47:03 PM

...these things sometimes can take time.. maybe a lot longer than any of us (potentially weak hands, including myself) have to have sufficient patience to wait it out and keep buying more than we sell if we really believe in BTC as the best of the cryptos.

I guess it depends on why a person buys Bitcoin. If one buys bitcoins to sell them, it's not surprising to see a certain amount of impatience. "We want the world and we want it now."

Those of us in slow-accumulation mode don't care. If the price goes down, it's a buying opportunity. If the price goes up too sharply, it means that if we absolutely must sell some coins, we'll make a larger fiat profit. Win-win.

I agree with what you are saying, and my thinking has somewhat evolved on this matter over the past nearly 2.5 years that I have been buying bitcoin.

I am not sure exactly my strategy if we were to have another 10x bubble in the near future because that kind of price movement, depending on whether it occurs quickly, would cause a lot of temptation to sell a lot of bitcoins; however, even with a 10x increase in the price, a person would not need to sell all of his/her bitcoins in order to take reasonable measures to protect the investment.

For example, if a person has about 100BTC, then he knows that every dollar BTC goes up, he has $100 profits. Therefore, he could sell some of those profits and maintain the principle... There are probably as many strategies as there are people; however, I am mostly similar to you in the sense that I am attempting to accumulate overall (even though at the moment, your average BTC buy price seems to be a whole hell-a-va lot lower than mine)