Quote from: Shneebly on December 07, 2013, 08:26:23 PM

Quote from: Dr Bloggood on December 07, 2013, 01:13:50 PM

Quote from: joburgtaxi on December 07, 2013, 12:15:09 PM

Woohooo

am back in with 1.5 more coins than I had before with out having to introduce new capital !!

Well done, man!

That flaming was indeed not justified. I think people just thought you were panicking.

The title of the post used the words "Exit Drill." Of course people thought it was a panic.

Congrats on winning this round (no sarcasm). But be careful-- I can point to a dozen other examples in which the price dipped by the same amount and then rebounded-- where you would have lost your Bitcoin.

Consider reading up on hindsight bias:
http://en.wikipedia.org/wiki/Hindsight_bias

As jzcjca00 pointed out, this investment strategy is horrible. The fact that one wins a slot machine on their first try does not change the fact that slot machines take more money than they give.

Well, that's true, OP gave with his title and his OP the impression that this was about a permanent exit of the market. He should have expressed himself better.

However, there is nothing wrong with going on short term speculation in BTC. It's a lot riskier, no doubt, but can also bring you higher gains. I stay away from it for several reasons, for me it's just buy and hold, but if somebody wants to go high risk/high reward and play the game that way, I'm not the one to condemn him.