Quote:
Originally Posted by jscott
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Yeah that's great if you have a time machine - may as well go all the way back to 2009 if so
- but in the real world, who knows if there's going to be a correction to $1000 or $500 tomorrow?
Spend only what you can afford to lose.
But if you're reasonably confident the value will continue to rise, you could:
- Gradually sell off a partial amount to (eventually) recover your capital. Everything after that is risk free... but not necessarily facepalm free.
- Set long term sell orders that will automatically sell off enough to recover your capital if the price crashes. Again you could be facepalming if the order is too aggressive and a momentary dip triggers it