Quote from: MrBea on February 08, 2018, 07:00:28 PM

As a investor you should always want stairs up. You need to understand that the "Elevator" of losses down for BTC was just because of the mad influx of money into bitcoin during the period where we had like 3 different forks and you saw BTC jump from 8k into 22k. It jumped up so quick that there was no real base on the mad influx that made it so easy to crash so hard. When it takes slower to rise and with a much lower percentage gain it will have the same lower percentage drop on the way down. (as all markets have peaks and valleys) As a investor who is in it for the long term on blockchain technology I would much rather see a much slower organic growth than "elevators" up any day. I hope you found this information useful!

Superb advice. I was amazed by sudden jumps like (20% up in a day) and thought that most of the people are making money only by short term trading. With time I realized that the people really making good money with bitcoins are those that have a lot of patience. Before investing I only used to hear about the ups and now I also see the downs of same intensity (10-20%) in single day. Thus now I have changed my investment approach completely and I am not going to withdraw any money at all before some years.