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> The investor purchases more shares when prices are low and fewer shares when prices are high. If you never sell you never lose.
by bkolobara 9y ago
> The investor purchases more shares when prices are low and fewer shares when prices are high.
If you never sell you never lose.
- kbody 9y ago"Rule No.1: Never lose money. Rule No.2: Never forget rule No.1." - Warren Buffett
- jdeibele 9y agoWould that were true. There are any number of companies that get close to zero (Theranos) and others that do go out of business (see 2008 - Lehman, Washington Mutual, etc.)
- empath75 9y agoIf you didn't sell on mtgox you lost everything.
- jankins 9y agoTangential to the current discussion but you didn't have to cash out, you just had to transfer the coins to your own wallet. I think that was the only reasonable choice -- IMO it really seemed at the time that storing coins with mtgox was not a trustworthy option.
- byproxy 9y agoI bought 4 BTC on Mt.Gox when they were ~$25 each. Naturally, after I bought it crashed to the ~$1 territory. Thought to myself "Figures..." and decided might as well hold. Cut to a year (or two?) later and the prices hit the ~$30 territory. I decide to sell and reap a nice little ~$20 profit. Lucky me, eh?