Quote from: merockstar on August 28, 2014, 05:52:58 PMQuote from: kokojie on August 28, 2014, 05:16:15 PMQuote from: Maximus0352 on August 27, 2014, 11:53:01 PMQuote from: kokojie on August 27, 2014, 11:40:06 PM
I bought a ton of Bitcoin at $11 around May 2011, and it subsequently dropped to $2. Was I screwed? :D :D :D
I would wait, but I need to sell a quarter of what I bought at higher than 0.000110 before the end of the year.
Then don't invest in high risk asset with money you need by end of the year. I held my Bitcoin for 2 years before it went higher than my purchase price.
terrible advice for the lower end of the social stratum, imho.
risk is the only way to unfuck yourself.
A very interesting perspective. But I think the otherwise valid advice to 'just buy more, to reduce you're average' is even more rich.
