rpietila
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May 04, 2013, 01:50:53 PM

Btw, this is the last day when we see $95 EVER, you can quote me on that.  Cool
You guys should show him a little more respect, he is a supernode after all.

I think I was technically wrong on that prediction. But what I do (and think it is sensible for you to do also) is to only trade when you are right with a great degree of confidence.

I am currently buying bitcoins, not much care about the price, since with a high degree of confidence, they will be worth much more after 6-12 months. Somebody else may take more risks to gain more shorter term, and I am fine with that. I am very risk averse, and my 10-yr APR is 41% (in liquid terms only, not including paper valuations of illiquid companies that I own many). Most of the time I am wrong (as we all are), but when I do hold the nuts (like I do with bitcoin), you don't want to be the counterparty  Cool