Yeah, it is easy to say now, you didn't buy bitcoin at $2.00. Well, at that time you probably wouldn't either.
This is so very true. Anyone jumping on here with 3 posts shouting about how Edward50 is an idiot, are absolutely delusional. He managed risk far better than the majority of people in this or any other market ever will.
It's not about winning big, its about not going home. Capital preservation. The delirious trader types don't seem to have the first idea about this.
Hope you catch a break this time Edward50.
that's my point people are afraid to only win small so they rather win nothing at all.
I'm not saying he's an idiot... and I can certainly imagine not buying at 2 dollar seemed like a wise thing to do as the survival of bitcoin was even more questionable at the time.
But especially because fundamentals and the survivability of bitcoin has increased I think conjuring buy in advice based on the 2011 situation is wrong.
A year stability before buying in? That will be when bitcoin is mainstream so it won't be as an investor but as a user.
quote: Try and control urges to buy in at the bottom or trying to time your buys
First time ever I hear buying at THE bottom is a bad thing.
I didn't want to come over so harsh but lurking on these forums might have deformed my communication skills.