Why I dont care that I did not sell at $250, and why I am not selling

[ruski]

Its simply this, I am in it for the long term, for every peak I could pick, I would also be wrong.

This smells of remorse and written to yourself rather than to us

I thought the same.

[simonk83]

Its simply this, I am in it for the long term, for every peak I could pick, I would also be wrong.

So next time when I sell, thinking its a peak, and it does not come back, I will miss out.

So it's just not worth the effort/stress over a 10 year horizon to essentially get a zero sum game

Sure I could make 4x this time by selling at 250, but next time when I sell at 300 and it goes to 2000 and only comes back to 1200, same loss, to buy back in.

Totally agree.  Well said     I've done all the trading I'm going to do, and that was simply buying a bunch more at $50-60.   Now I'm done, it's actually quite liberating, knowing I don't have to keep an eagle eye on the thing all the time.   Just sit back, and let it do it's thing, whichever way it goes.

[ruski]

Totally agree.  Well said     I've done all the trading I'm going to do, and that was simply buying a bunch more at $50-60.   Now I'm done, it's actually quite liberating, knowing I don't have to keep an eagle eye on the thing all the time.   Just sit back, and let it do it's thing, whichever way it goes.

Why would you not want to? That's my favourite part about trading! Stocks, bonds, commodities or BTC - you always have to be involved! I learned the ins and outs of the FAA's bureaucracy making (international) phonecalls and getting passed around trying to find out when approval for an airline's joint new runway was likely to be granted, due to the effect it was going to have on the stock price. Maybe someday that'll be useful. I learned about the transport and warehousing industry when I accidentally let a cashew future contract come to resolution and had to take delivery of them (that hurt.) I also made a friend. Maybe someday that'll be useful.

Besides earning enough to stay alive, that's the best part of trading anything!

[simonk83]

Totally agree.  Well said     I've done all the trading I'm going to do, and that was simply buying a bunch more at $50-60.   Now I'm done, it's actually quite liberating, knowing I don't have to keep an eagle eye on the thing all the time.   Just sit back, and let it do it's thing, whichever way it goes.

Why would you not want to? That's my favourite part about trading!

Fair enough, each to their own   It stresses me out    I'm not greedy, I've got enough

[jubalix]

Its simply this, I am in it for the long term, for every peak I could pick, I would also be wrong.

This smells of remorse and written to yourself rather than to us

Bitcoin has been amazingly easy to make money from, for a trader it has AMAZING advantages over traditional stocks/ FX.

You have to square it with yourself of course and for every dollar you lose, see it as a dollar invested in your financial education

but I'm not even watching the market to sell or buy and do not do this, I'm not "investing" as you would understand it, I am rather claiming a stake in currency and then content with that stake, I don't even really think about USD/BTC, but BTC to TRC/PPC/LTC etc....I'm not moving back into Gov Fiat with my coins, ever.