Quote from: minerpumpkin on July 25, 2014, 01:09:30 PM

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.

I gotta add that I'm long enough in the game and have my emotions now well under control when it comes to crashes. It's like being a Vulcan, I have those emotions, but I don't trade on them. I just wanted to ponder the implications of long/medium/2-3months up channels (we're now in since april) being broken. And your opinions about that.
Not selling. I want a Risto-Castle of my own

are there other castles for sale in the region of The Risto Castle? We could create a Bitcoin Castle Hub in a few years Wink