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Board Speculation
Re: rpietila Wall Observer - the Quality TA Thread ;)
by
AlexGR
on 24/04/2014, 11:24:33 UTC
In another forum, I read about the urge to "boredom sell" if "nothing" is happening for "a long time". It is sometimes hard to comprehend how quickly some of the forum frequents would like things to happen. Bitcoin has sustainably gained value 1,000% per year, which is 0.7% per day on average. The yearly return is 1,000 times more than you get from a bank, and on average 100 times better than stock market. (There is no comparison in "10 times better", because no investment can generate such returns, and still it would be only 1/10 as good as Bitcoin has historically been).

Think in bitcoins! Think in percentages! I have tried to keep my share as 1/1000 of the world's bitcoins, and only slowly going down when it gains more appreciation. Don't sell out of boredom, like I did last September, wasting 2000+ bitcoins and gaining.. nothing really. Only sell if you gain something, and even then only if the price is right. Smiley

...and bitcoin is relatively stable in this regard. The boredom factor is ten times stronger with altcoins.