So you are one of those weak hands ready to bail out every time someone starts spreading bad news. Thanks to people like you we have panic sells you can be proud of yourself.
I am doing the exact opposite of you are accusing me of. I am selling nothing. I actually want to buy. If it looks like it's going to go down in price I try to time it so that I'll buy low. If it looks like it is not going down in the short term, then I'll buy like I just did 10 minutes ago. The times I sell are usually when the price of BTC is more then what I paid for it so that I can enjoy a little bit of the profits. I'm planning to keep buying and hold long term - mostly BTC and LTC. I haven't had good luck with the lesser-known crypto currencies.
different analogies but almost same meaning, i know what you mean mate and i am on the cusp of doing the same thing.
i just received my first physical 1BTC and waiting on a 5BTC to collect for the future and show the great grandkids.
i got BTC at single digits and i will be buying more in the new year. the way i see it, i paid a pittance in 2010 so anything i buy now depending on quantity i am still ahead.
i have also spent some of my digital BTC on hashing power instead of cold storage. what ever is made in a few months is traded for Craftcoin (dont get me started) that the kids can actually trade and use in-game.
as for the "other" coins, those that arent LTC/BTC i find some very painful to watch on market cap. my close contenders are WDC,NXT,PPC, i have some long shots like DVC and FRC.
what china and india do doesnt bother me in the least. good luck to them, i am in for the loooooooong haul.
