Quote from: thinair on November 04, 2017, 06:49:47 AM

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.

In a sense you are correct that my rules are meant for long term investors who have the view that bitcoin should be held as an asset - even better than physical gold. But even long term investors may have a medium term strategy. If we are certain this current rally is a "pump-and-dump", we may sell half our BTC holding and to buy back at a much lower correction - the wait may even be two years from now. There is risk in ALL strategy. The current rally is vertical and NORMAL bitcoin purists CANNOT push the market up this manner; my guess is some very large powerful players doing the pumping.

My guess is that there may even be a correction back to USD2000 - very brutal. The rally started from May 2016 at USD450 . Even a good asset has a "price in the market's most recent memory." Who knows what this real hard fork on 15 Nov means (I am still thinking about the significance of this fork).

Short term strategy is always the most difficult. If your judgment is wrong, or you move too slowly, you may get caught off-guard and be slaughtered.

It seems the fork has been called off, and this is changing everyones strategy, this is why we are seeing the price of bitcoin going down in the last days, I think it is possible the price goes down even further so those that invested in bitcoin recently are probably going to lose a lot of money.