who really cares? If bitcoin will fail its value will be 0 if it will succeed then value will be very high. As long as you are not daily trader (or gambler) then its not important what is in between. The worst thing you can do is to sell too cheap (i mean right now). And you should not invest more than you can afford to loose anyway.
words of wisdom.
I care about short term future price.
I'm not sure I agree with the words of wisdom.
1. Don't invest more than you can afford to lose.If I follow such advise I end up investing only a few percent of my capital in anything. Losing more then a few percent means I need to reduce my lifestyle.
However, investing only a few percent will not allow me to increase my lifestyle if it works out. Basically investing a few percent won't make a difference for me, when it goes down, or when it goes up.
I think this is generally true for most people.
Just to check. Do you follow that advice yourself? How much percent of your capital is invested in Bitcoin today? Can you really afford to lose this? What would be the impact on your life if this were to happen?
2. The worst thing you can do is to sell too cheap (i mean right now).If bitcoins become cheaper in the future this statement will have empirically proven to be wrong, not?