Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
Vycid
on 20/11/2013, 15:08:58 UTC
My intention is to warn you guys to practice proper risk management because inevitably, even with a small investment, your Bitcoin allocation will be the main source of your wealth. Marginal utility of wealth dictates that it's more important to secure your first million than to make another.

I've seen it go down from 32 to 2 and it was a really bullish environment too until about 14. Don't fool yourself thinking it can't happen again today. That's just the nature of humans.

I really do appreciate you saying this, honestly, even if my reaction is to disagree. It gets really group-thinky around here sometimes and I'm glad you're thinking independently.

I'm sure you deserved your fortune.