Quote from: mace15 on November 03, 2017, 09:57:19 PM

Quote from: Barbarian on November 03, 2017, 09:48:23 PM

Quote from: thinair on November 02, 2017, 02:27:45 PM

Quote from: QHoster. on November 02, 2017, 02:21:35 PM

It was suggested not to use Bitcoin as asset.

Even when you acquire bitcoin as an "asset", there is a time to buy and a time not to buy.

There is the golden rule:
"Sell when others are buying or when the market is hot"
"Buy when everyone is selling or when the market is cold."

Those rules makes sense and I follow them, but right now bitcoin is incredibly hot, anything makes the price to go up, we have another fork in store and Im sure the price is going to go up again, so your strategy is good for those holding long term but for those that want profits now, bitcoin is the best way to achieve those short term goals.

Well as long you have funds to buy more bitcoin just buy the price is soaring high. Still in the long term you can gain profit. Bitcoin is the best investment these days buy and hold in the end profit will gain.

I have a good understanding about why many supports bitcoin. I know how the US Federal Reserve Bank(Fed) works. Many understand how fiat banking is a ripoff of the ordinary citizens and would have preferred a gold standard where banks cannot print money at will.

The first qualities needed of a future successful investor are two :
1) The ability to control one's greed.
2) patience.

If you buy now at this furious market (USD 7000), then you are breaking all two rules at once. I would guess such a person should not consider becoming a successful investor or speculator. He should try for a more stable usual career like becoming a teacher, doctor or engineer.