Post
Topic
Board Speculation
Re: rpietila Wall Observer - the Quality TA Thread ;)
by
Peter R
on 30/01/2014, 04:09:01 UTC
All I want to say is that eventually, all trends break. Prepare yourself for the improbable, because it is devastating to lose almost all of your wealth. Do not let your mind be compromised by Bitcoin cultists.

Thanks Blitz.  This is the point I was trying to make regarding divesting until you can sleep soundly at night.  

Although I believe that bitcoin will be successful, how will I feel if it isn't?

If I don't divest enough now, it will be more painful if it all falls apart.  If I divest too much now, then it will be painful when it gloriously succeeds!  What to do, what to do....

I recommend Risto's SSS plan with a 10% - 15% divestment per "doubling."

Meanwhile, I'm staring at my cavirtex account pondering whether I've diversified enough.  Funnily enough, last night I was pondering whether I had diversified too much.  


EDIT: I should add that if you are young and have like $5,000 or $10,000 in bitcoins--just ride this f*&cker.  Worry about portfolio diversification in your thirties or after you're up $50k - $100k.