Quote from: Coin-Keeper on September 12, 2016, 09:24:14 PM

This thread really gets a person thinking about TIMING for making a significant move. I bought a few more coins early this year and felt like I over paid, remembering how they bottom'd out last summer 2015. I ended up pleasantly surprised. I find I am now gaining more confidence that BTC can weather the ups and downs that happen every year. I am pretty confident that a long range thinker is in a good industry. You just have to resist the urge to "bolt" on the down cycles by looking at the history of the coin.

There is an investment tidbit that 'time in the market beats timing the market'. Very few people an accurately and consistently predict price movements in the short term. There are only a handful of stock investors who can provably time the market on an ongoing basis, so what makes bitcoin any different? We don't know what events could unfold tomorrow - bitcoin could be accepted by major retailers (boosting demand) or world governments could find a way to track and tax bitcoin transactions (lowering demand). Major accounts could be comrpimised and the risk of BitCoins being stolen could increase. I'm not saying either event will happen, you can only bet on what you think is likely.

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