Post
Topic
Board Speculation
Re: What percentage loss have you taken speculating on bitcoin so far?
by
castlegoat
on 01/09/2011, 16:28:36 UTC
I'm guessing there a lot of people here who mine bitcoins to sell but have never bought any, which of course relates to the price decline. Spending a big chunk of 'real' money on bitcoins was always a stupidly risky move but I guess it paid off for a few people. Gold on the other hand can be very low risk if you don't subscribe to the much-maligned 'buy high, sell low' school.

I think "buy high, sell low" deserves to be maligned at every opportunity; one should never do that unless out sheer desperation to raise liquid capital.  What are you trying to say here?