RationalSpeculator
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This bull will try to shake you off. Hold tight!


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October 22, 2013, 02:37:47 PM

It has been very hard to win "just hold" tactic to this day, but the thing is risk management. It's very hard to predict what is going to happen and it may be wise to sell if the trend might turn, you just have to buy back soon if the trend didn't turned. You may end up losing little coins, but someday the trend will turn and then you win a lot of coins/fiat if you always remembered to pay the "insurance".

Risk management might suffer from faulty logic.

What is the riskiest?

An investment with average risk of loss and high potential reward (buy and hold btc),
or an investment with low risk of loss and average potential reward (sell btc as it goes up and lock in profit)?

It depends, risk of losing money is the highest in first, but risk of missing out on a rare opportunity to become a billionaire is highest in second.