Quote from: wtfvanity on April 12, 2013, 04:11:19 PM

Quote from: CodyCot on April 12, 2013, 04:04:48 PM

Quote from: wtfvanity on April 12, 2013, 03:59:20 PM

Quote from: CodyCot on April 12, 2013, 03:47:50 PM

Quote from: Aianis on April 12, 2013, 03:45:33 PM

Right now - its not very good.

Do you think I should try and resell them? Try and mitigate my losses for the time being and reattempt in a few days? Or should I just ride it out and see what I can make in the future?

lol, this is what is causing the panic.

Shit, I bought at 250, I better sell at 120 before they become worthless.

Then you get scared when it gets back to 200, so you buy again.

Then it drops to 80 so you sell once more.

Then it breaks 100, so you buy at 105.

Now it's 70, so you sell them again.

A fool and his money are soon parted.

Quote from: checksum on April 12, 2013, 03:52:34 PM

Despite multiple DDoS attacks to the exchanges and following a major crash (THE major [1st ever] crash) - it's been remarkably stable past 1/2 day.

ROFL, the 1st ever crash, major crash? You guys are funny. Looking at a two week period, I hardly call going from 85 to 70 a major crash. If you look at it on a per hour basis, yeah, going from 200 plus into the 100's sure is scary.

This is what I am trying to avoid, I don't want to fall over myself making irrational decisions with my investments.

In your position, would you have bought BTC for that price? Or would you have potentially waited longer before buying?

What is your investment strategy? If you don't have one, get out.

If you're long on bitcoin because you believe in it and want to have it be worth a lot down the road, invest in it regularly. In highs, and lows, do it on a regular basis.

If you feel you paid too much at $100, buy some now that it is $67, the same 2.5 you did at $100. Your new rate per BTC is now in the 80's. Sounds better than $100.

But don't listen to me, I'm not a day trader.

From what I am aware of, I don't have an investment strategy, how would I go about developing one? What kind of mindset do I require? Would you have any helpful advice for me?

This purchase was my first ever investment. I suspect I will start off very shakey but will adapt with time.