Quote from: zimmah on February 02, 2015, 10:05:30 PM

Ironically it's people like you that make the price tank.

If you sell just because you think the price will drop (with no intention to rebuy once it does drop) and not because you absolutely need the money, you are just fueling the drop.

Or just trying to preserve any remaining value of their original investment, like a sane investor.

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Never invest money you can't affort to put aside for a long amount of time. And only sell when you got profit or when an unexpected event happens and you really need the money.

Or upon re-evaluation, come to the conclusion that the time horizon to profit comes with too much risk

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You only make a gain or loss when you decide to sell. If you bought Bitcoin for $800 and its currently at $227 you didn't make a loss unless you actually sell them. If you wait, price may recover to $1000 and you may actually make profit. Patience is important in trading. Patience makes money, impatience makes you poor.

This is a strawman argument. Compare OP to a new investor whose basis is now $227. If the price goes to $1000, new investor now has more profit than the OP, whose only problem is having paid too much (basis cost too high). Why did he pay too much - because of the drum beat of the hodlers (according to OP).
It's normal for OP to blame the drum-beat in this situation.

On the way down, a person who bought at $1000 and sells at $200 loses less than a person who bought at $1000 and sells at $10 (e.g. at the point of complete market failure / loss of confidence).
Venture Capital companies do a lot of due dilligence when it comes to "throwing good money after bad", why shouldn't OP?
By repeating the mantra that BTC is still in Beta / don't invest more than you can lose, the message is that everything to do with the price in fiat is a gamble.
Is the BTC world a casino?

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