Quote from: Demator027 on December 15, 2013, 12:02:34 AM

I have recently told my parents about Bitcoins. (They know a little about it from news ect.) And that I had bought some a few weeks back, And sold at $1100 and bought back lower, But not as low as my original buy in price, And they are mad that I didn't just hold and that I have lost a "Profit margin" Even though I've gained more bitcoins than I had.

So, I guess my question is How can I explain to them why selling high and buying low is better than just holding?

They know you was just lucky this time, the Bitcoin price could continue to rise after you sold