Quote from: miketonic on February 25, 2014, 12:28:35 PM

Quote from: kireinaha on February 24, 2014, 08:19:28 PM

Phrases that need to be banned from bitcoin:
"Don't invest more than you're willing to lose!" - thanks dad

Actually I think that should be emphasized to people. I've seen some threads about people complaining how they lost their savings because the value of BTC has dropped so much. As long as this is a public forum where most of the beginners come looking for help and knowledge, we should provide them also the most basic things about investing.

Quote from: miketonic on February 25, 2014, 01:27:36 PM

Quote from: pleiotropik on February 25, 2014, 01:16:40 PM

I have been putting 10% of my savings in BTC ever since it first hit $40 back in march 2013. Will keep putting 10% in, simple as that. Much better than any IRA or Myra (chuckles welcome). If you try to "game the system" and trade the ups and downs remember you are playing in a field filled with pros who use bot-traders and have insanely high IQ's... if you belong to that club, congratulations. if not, tread carefully imagining you are "What's for dinner" of the veterans. Grin

That is a very good method! That way you avoid buying high and selling low

+1 for each. For what it's worth these are the only Bitcoin investment suggestions I actually listened to, I'm happy with the result, and it has given me balls of steel during the latest crash. If anything should be purged from our vocabulary it should be "stop loss"; selling low because you have reason to be afraid.