Quote from: Blitz on December 09, 2014, 06:27:51 PM

BitChick, I normally don't do this, but maybe you should have listened to the FUD spreaders rather than the hopium sellers and decreased risk exposure so that you don't keep being addicted to the Hopium.

Quote from: Blitz on January 30, 2014, 04:01:06 AM

Quote from: BitChick on January 29, 2014, 07:19:12 PM

We have seen the ups and downs and have realized it all works out in the end. Wink

This is the great delusion that markets bestow upon people, that a trend is invulnerable and "it all works out in the end" almost sounds like religious faith. I know that nothing I can say could possibly make you think otherwise, but still, please consider how you would react if Bitcoin slid 80% or 90% from here during the next 6 months. Even if the probability is small, are you ready for it?

Because this has happened before, and it happened in this very asset (even if you tell me that times are "different" now well, to compensate, the price is higher to begin with!). I remember that time well. At the time, there was a long-term log support trendline, too, that was being drawn by everyone in this forum. It was violently BROKEN:

And guess what? That break ended up being the best time to buy. But few bought, for few had money to spare, and many of those who did have given up on Bitcoin. I will tell you that all along this decline, there was plenty of good news as well. I believe Bitpay was created amidst the bear market for example.

All I want to say is that eventually, all trends break. Prepare yourself for the improbable, because it is devastating to lose almost all of your wealth. Do not let your mind be compromised by Bitcoin cultists. Let this be a lesson from a former Bitcoin cultist who has made a fortune off Bitcoin by turning himself into a Bitcoin pragmaticist.

Trust me, my husband has way less faith in BTC than I do so we have removed 100% of our "risk" at this point. It does make it easier to sleep at night, and I still have a few "chips" in to play with, but I was one that was willing to take a greater risk than he was. Oh well. Win or lose Bitcoin is a fun ride for sure.

I still think we will go up dramatically though. Things are just getting interesting and the tide can change very fast. Cheesy