Post
Topic
Board Speculation
Re: I'm All In - Sold My House!
by
NotLambchop
on 16/10/2014, 19:53:37 UTC
Too many people think bitcoin should be at 10k by now.. Its a long term investment. The shoot up from 10 to 100 was a very bull market. the  move to over 1k was, well, fucking insane.. Like ive said many times, if your not a day trader, treat it like you would silver or gold, save it until you absolutely need it.  I had to sell some because I had to, luckily it was near the all time high, (total luck out), worked out well, because now I dont freak out too much when btc falls. I hear too many stories "I bought at 800 and im sick of this shit, im out" people like that should never be investing. they are thinking that btc will just keep skyrocketing upwards, nothing does that, not even rockets, lol..

Gold has a history going back to prehistory.  Bitcoin has been around for 5 years.  Suggesting that it should be treated like gold is not just irresponsible, it's cruel.
OTOH, if your intended meaning was "dump it like you should've dumped gold in 2011," then disregard.

...
Only loose when you sell at a crap price.

In that case, let me sell you some shares in my gold synthesis business.  It's a great deal, 'coz you can't lose!  Just never sell.
How many should I put you down for, friend?