Post
Topic
Board Speculation
Re: The Technical Indicator that Matters!
by
mmitech
on 19/12/2013, 14:54:50 UTC
you really didn't get burned that hard, or maybe you did? but the most important thing is to stop trading and hold to your coins now, when you face such a lost this is best strategy, the thing is that most of us posting these charts and some may tell you that they have an analyze "a good one" but to be honest If I learned something from Bitcoin is that it is unpredictable, you cannot predict directions , you can just speculate and get lucky.


 I started as a miner with my PC (a couple of ATI 5970, didn't mine much though) and the ASIC era forced me to stop mining ( BTW best decision ever) I decided to buy few bitcoins mostly between 10-130 $  I didn't spend so much money on buying which I regret today, at the time I thought I was late to the game. I didn't even take Bitcoins seriously or even searched the concept but I took time and read more about it and register on this board just than I knew what innovation I was missing... etc

but let me tell you about my first trade, long story short I managed to lose more than 30 BTC instantly on stupid moves..... but than I held to the rest of my bitcoins and it paid off, nowadays I do not daily trade, my last trade was a couple of days ago but before of that I was just holding ...


and I think this is what you should do as well, do not daily trade hold until you need the money really bad...