JayJuanGee
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How much alt coin diversification is needed? 0%?


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November 20, 2014, 10:38:37 PM

Everybody needs to relax.

People have some serious issues if they are worrying about a 20 dollar drop in price.

They are not worried about $20 drop, they are worried because after 1 year price went down $900 from top...

Well, let's say you bought at ~1000$ (just like everybody else did, right...? Grin). You lost ~650$ already. Does it really matter if you loose another 100 (350->250) even 200 (350->150) per coin? You can not possibly loose more than what you already did, so you are technically "in the green" no matter what. Right? Cheesy (I don't really think so, but some might argue so...)

who teh f#ck bought at 1k? seriously?!!! Cheesy


I did

By q2 2015 (if not before) you'll be back in the green.  Smiley



A longer version of that response; however, is that I continued to buy, buy, buy.  My average price now is $558.

Probably my biggest mistake was in May and June when prices were in the $600s, I thought that we were on the way back up, so I pretty much double downed at that point.  And at that point, the size of my BTC portfolio got to be pretty big... Accordingly,  now, it takes a lot more buying in to be able to bring down my average cost per BTC. 

I hope you are right, or at least in the ballpark regarding Q2015...  Wink Wink