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A comment on China bans new Bitcoin deposits. Parent comment

Re:China bans new Bitcoin deposits by erikpukinskis on Wednesday December 18, 2013 @03:45AM (#6926507)
You just have to pick a target. I feel confident that Bitcoin is worth $10k, so if I bought at any price below that, I should feel good about where I am.

If you don't decide what you think something is worth, your subjective experience of investing in it will be a rollercoaster. If you do choose a price target, then you know where you stand at all times, and whether you should buy or sell.

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Re:China bans new Bitcoin deposits by kybernetikos on Wednesday December 18, 2013 @05:08AM (#6926769)
> If you do choose a price target, then you know where you stand at all times, and whether you should buy or sell.

As well as choosing a price target, you should choose a set of situations that will falsify your price target so you aren't committed to losing all your money on one bet if you're wrong.

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