Quote from: MatTheCat on June 10, 2014, 11:06:42 PM

Quote from: Ibian on June 10, 2014, 09:59:09 PM

Yeah, that's great. But if what I'm reading lately is correct, that he has 13 coins and lost $5k trying to trade, that means that instead of having twice as many as me he instead has slightly more. How long until I'm ahead, being in denial all the way down and buying a bit every month?

Is a man's merit measured by the number of Bitcoins he has?

yeah sort of. if you're here talking about trading, your either trading to accumulate more coins for free, or as you put it, just getting free money and blowing it on nothing. i would say the men trying to build their store of coins have infinitely more merit than the guys who are just blowing their profits. trust me i know where you're coming from i did the same things last year. id sell around 300$ thinking it couldn't stay above ATH for long, then be forced to buy back in at 450, when it finally started dropping i got in around 600 and it kept going down. i lost a third the value of my coins, so i had a choice; cement my losses, or just wait for history to play its course. now my old coins are profiting again and i grabbed more around the bottom. id say my strategy holds significantly more merit than your strategy of try and predict a move, fail, and panic sell at a loss just to buy in higher.