Its simply this, I am in it for the long term, for every peak I could pick, I would also be wrong.
Translation: I bought at $250, cried on the downturn, did not sell and try to recoup my losses via trading lower, and am now trying hard to convince myself that I will someday recover my investment. When the market dips even further, I will declare bitcoin is permanently dead and sell my holdings for a 95% loss. No more than five minutes later the price will triple in recovery, and I will watch incredulously, telling myself that I was right about it being dead, and there's no way I could buy back into something that risky again.
After it has made at least a 2000% gain from the bottom, I will then buy in again with dreams of overnight riches.
How'd I do?I brought in a level much lower than now. But I stopped when I acquired a certain very small percentage of the 21M Coins. After that I need no buy or sell any more. Just careful divestment of small amounts into other crypto's