Quote from: flagel8 on August 31, 2013, 10:13:52 PM

Quote from: BitChick on August 31, 2013, 03:18:34 PM

- This time around I plan on selling half of my stash when the price doubles for what I paid and then I will buy more if the price does crash. If it never crashes again then I have a small little stash of BTC that I did not pay anything for at least so it becomes a zero risk investment regardless of what it does at that point. That is my thinking anyways.

^ Excellent thinking! Totally approve. But do you have the discipline? When your sell price is reached, will you pull the trigger?

Besides Bitcoin, as we all know is DIFFERENT!

Well, it may actually be.

My initial trigger was set to 100$ but when I saw just how rapidly the price was increasing I cancelled my trigger, it's now set to 1000$. Also, to pull out funds the price should be somewhat stabilized. Cashing out during a rapid uptrend is a gamble for short-term traders, trying the outsmart the forming bubble. I would go for long term gains, eliminating bubbles from the equation.