"You know it's time to sell when shoeshine boys give you stock tips. This bull market is over."
Go with your gut, honestly. When you imagine "I could've" scenarios, it's not based on probability, it's just imagining situations where you got lucky. Nobody goes around saying "If only I'd put it all into Mt. Gox" even though people did.
Consider what "there's still money to be made, I just have to sell off before the crash" looks like if lots of people believe it and act on it simultaneously.
My hunches are based on my underlying understanding of psychology and economics.
> Consider what "there's still money to be made, I just have to sell off before the crash" looks like if lots of people believe it and act on it simultaneously.
A market correction event is inevitable since the amount of money going into it wouldn't be able to go into circulation as a viable currency for goods/services. I know some companies are starting to accept BTC as viable payment, they will remove that function in a heartbeat if something drastic ever happens to the market.
Go with your gut, honestly. When you imagine "I could've" scenarios, it's not based on probability, it's just imagining situations where you got lucky. Nobody goes around saying "If only I'd put it all into Mt. Gox" even though people did.
Consider what "there's still money to be made, I just have to sell off before the crash" looks like if lots of people believe it and act on it simultaneously.