Post
Topic
Board Speculation
Topic OP
Why I dont care that I did not sell at $250, and why I am not selling
by
jubalix
on 16/04/2013, 05:16:12 UTC
Its simply this, I am in it for the long term, for every peak I could pick, I would also be wrong.

So next time when I sell, thinking its a peak, and it does not come back, I will miss out.

So it's just not worth the effort/stress over a 10 year horizon to essentially get a zero sum game

Sure I could make 4x this time by selling at 250, but next time when I sell at 300 and it goes to 2000 and only comes back to 1200, same loss, to buy back in.


The only time I would sell BTC is to trade into other Cypto's, as I have committed a % strategy to cryptos, the only uncertainty is which one will win out or which group, and internally this strategy pays off. Also I may trade between crypto's, but no coming back to FIAT with cryptos probably ever, In any event more and more services will accept cryptos....

I mean do you get some one to transcribe your emails and send them in the post for the last bit of the journey, no you just email, and maybe use a printer.

Eg TRC, PPC still 30 - 50, LTC 10 times what is was 2 months ago relative to BTC, so value actually held the same for me, the only down side is, when BTC goes up my value sorta goes up alot slower as LTC TRC and PPC drops a bit and you typically can get a lot more coins so acts a a magnifier.