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<p>[QUOTE=&quot;GDJMSP, post: 728459, member: 112&quot;]The question was asked - when is it safe to start buying ? Well, that&#039;s a good question and it applies to all investments, not just coins. The answer is rather simple - if you are going to invest you play the trend of the market. Trends can be indentified, highs and lows cannot be identified until after the fact. </p><p><br /></p><p>So how do identify when to get in and when to get out ? Well, you don&#039;t really. You just call your shot and hope for luck. The problem that all investors face isn&#039;t making money, it is greed. It&#039;s fairly easy to make money in investments, the only question is how much money is enough ? To make money you set a goal. And when you reach that goal you sell, end of story. You take your profit and look for a new investment.</p><p><br /></p><p>So how does that work with the trends ? Well, first and foremost you never buy in a falling market. You wait. You only buy in a stable or rising market. You also sell in a stable or rising market. If you wait and try to identify the top or peak, you will likely lose because you will tell yourself that it&#039;s going to turn around and go back up. Well, sometimes it does, but more often than not it doesn&#039;t. That&#039;s why you have to identify the trend. And trends are identified by examing the past.</p><p><br /></p><p>You look at what happened at any given point in time. Then you determine why it happened. What occurred on a given day to cause the trend to rise or fall ? What occurred over a longer period of time to reinforce that trend ? And if something similar is happening now, then it will usually result in the same thing. You play the odds and go with history. Trying to guess the future is a fools errand. So you play the odds.</p><p><br /></p><p>You also cannot be afraid of taking a loss. It&#039;s a part of investing. The only question is how much of a loss. So again, you set a goal. If your investment starts losing money, when it reaches that certain point, that goal that you have set - you sell, end of story. You take your loss and move on to the next investment.</p><p><br /></p><p>The one thing you have to accept with any investment is that any and all money invested must be thought of as money you can afford to throw away. It has to be money that you do not need, it has to be extra money that you can live without - because you just might lose it all. Each and every investment there is carries risks - all of them. </p><p><br /></p><p>Now this is all basic investment theory. It is taught in schools and universities all over the world. It is taught on Wall Street. It&#039;s what you do when you invest - if you want to make a profit. The one thing you cannot do is fall in love with your investment. Do that and you are more times than not doomed to failure because you will not sell when it is time to sell. Investing is a game of numbers and nothing else. Emotion has no place in investing. Emotion will cause you to go broke.</p><p><br /></p><p>All of this is why coins are a lousy investment. Because people tend to fall in love with their investment, their coins. They like them too much and do not want to sell when it is time to sell. And that is the one thing you must do with any investment - sell. For it is the sale that puts an end to it, only the sale can allow you to realize your profit, or your loss. Without the sale all you have are numbers on a piece of paper. And you can&#039;t spend numbers on a piece of paper.</p><p><br /></p><p>And of course coins have a whole of other things that you must know before you can ever be successful investing in them that you don&#039;t need to know for other forms of investment. That is another reason why coins are a lousy investment vehicle. because they have their own uniqueness, their own special qualities that you have to identify correctly for them to be a good investment. And it requires a great deal of highly specialized knowledge to be able to do this. Knowledge that only a few people have. </p><p><br /></p><p>Now you can choose to believe all of this or you can say hogwash, it just isn&#039;t true. But history says it is true. And those that fail to learn the lessons of history are doomed to repeat them.[/QUOTE]</p><p><br /></p>

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