Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
Searing
on 24/11/2013, 11:30:29 UTC
Wow damn, trying not to panic sell. Bought 17.5 Coins at 766$ 2-3 days ago. I´m nervous to lose my 13.5k$

Just sell everything and forget about Bitcoin. If you are nervous it means you invested more than what you can afford to lose - that will make you too emotional and you will panic sell as soon as the price crashes (and there will be many crashes on the way up).

With that approach you will lose this game. The way to win this game? Invest what you can afford to lose and hold for the long run. Take some profits on the way, but hold onto the vast majority of your coins through bubbles and crashes. That strategy NEVER failed so far.


jeez..i just started mining around 1 month ago..by my best calculation I'll have 25 btc at the end of the current month all together conservatively (started mining oct 18th).....and that is as a noob his first month mining....more or less..how you guys manage to hang on to 100/1000/10000 coins is beyond me.....I'm finding major shrinkage going on downstairs the closer this stuff gets to 1000usd for a btc

just saying ...... I guess this is where you find out if you have big brass ones or not

so far holding