Quote from: MGUK on April 12, 2013, 04:16:15 PM

I would hold too. I think $260 was overvalued for now, but I don't think it will be in the future. Things can only get better. As observed, all this news is bringing interest to Bitcoin, shaking of the image it got when SilkRoad first came around. The further we are away from association with silkroad, the more legitimate vendors take Bitcoin, the more Bitcoins are required, the less they're produced the more they go up in value/

Personally, I'm going for the long game, not selling any coins any time soon, just slowly buying.

As someone pointed out, a year or 2 ago, a bubble burst at $32 and the mainstream media exclaimed it was the end of Bitcoin. Earlier this week, we got nearly 10 times that peak. It's crashed, and once again, the media is exclaiming the end for Bitcoin.

Within the next 10, maybe even 5 years, I wouldn't be surprised to see Bitcoin go over $500 (I also wouldn't be surprised to see it superseded though.)

I think the long game may be best. Just wait for the time to strike on the market so to speak.

Quote from: wtfvanity on April 12, 2013, 04:18:37 PM

Quote from: CodyCot on April 12, 2013, 04:15:52 PM

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

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.

Do you know anything more about bitcoin than it sounds like a good investment? You already said you have no investment strategy. Go dump your coins, cash out and forget about bitcoin for a few years.

You don't think that I should just wait and watch now?

Also, I understand the basic fundamentals behind Bitcoins, although I am able to learn more by studying them.

Just as an aside, do you have an investment strategy? Would you be kind enough to share your knowledge with me?