Quote from: wachtwoord on July 25, 2014, 11:07:31 AM

Quote from: mmitech on July 25, 2014, 11:05:36 AM

Quote from: rpietila on July 25, 2014, 05:31:58 AM

Quote from: minerpumpkin on July 24, 2014, 12:12:26 PM

What if it breaks? Huh

What are the generally accepted long term channels at the moment?

It is generally accepted that you should never sell your bitcoins for anything less than a price, which is multiple times of the ATH of the prior boom.

- If Bitcoin is in its growth channel, and you panic sell in the bottom, it will cost you most of your bitcoins when you panic buy at 5-20x higher after realizing you were wrong. (If you panic buy threshold is lower, you end up always buying high and selling low, and diluting your holdings.)

- If it it destroyed, you have no way knowing it and being able to salvage the high point of your value. Salvaging a low point, is meaningless when the same outcome in fiat terms can be achieved by selling a few %-points more in the previous boom.

says the guy who sold most of his Bitcoins to buy a "castle".....

Why the hell do you think he sold most of his Bitcoin to buy a castle? His holdings are in the top echelon.

This guy has a weird obession with Risto, I wouldnt even engage him on the subject if I was you. His hatred for someone who has done him no wrong is almost pathological.