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Topic: Does price going up reaffirm or weaken your decision to hold? (Read 794 times)

sr. member
Activity: 462
Merit: 250
noobs learn this from me....

CASHING OUT =/= Getting RICH!

WEALTH = RICH....

Remember that!
hero member
Activity: 924
Merit: 1001
THe only correct answer in this thread:

I hold because I have faith in the technology.  The paradigm shift occurring.  And I watch *very* closely the articles that come out, and constantly have a grip on how the infrastructure and adoption is progressing.  That truly is the security I rely on for holding.   Nobody among my friends understands this.  They think im crazy for not selling at least half my coins right now.  They think im "being greedy".  In reality, there is a "pulse" to this ... and I see nothing but increased worldwide adoption ahead. 

Yes, its scary as hell right now.  I have so much to lose.  But I really do have faith in what Bitcoin is.   So I hold.
legendary
Activity: 840
Merit: 1000
Holding for the longest time since $2 with occasional trading after spikes and drops. Still holding. Grin
hero member
Activity: 715
Merit: 500
By not watching the price.

Good advice for those without self control.

The speculator in me can't help but play the game, but my "success" of making negligible amounts of fiat have significantly reduced my total amount of bitcoins. I now only speculate with about 2% of my holdings.
legendary
Activity: 2324
Merit: 1125
By laughing equally hard at rising and falling prices.

Gotta love the volatility Smiley
sr. member
Activity: 363
Merit: 250
By not watching the price.
member
Activity: 336
Merit: 10
when prices go up it shows more people are putting more confidence into bitcoin so the future price can be higher.

however price rising is adding risk of a bubble forming and popping.

how do you balance these two conflicting signs?
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