Anyone "all in" on bitcoin? | Bitcointalksearch.org

Elwar

legendary

Activity: 3598

Merit: 2386

Viva Ut Vivas

Quote from: Warren Buffert on January 16, 2015, 02:03:54 PM

This has got to be one of the most cringe worthy threads ever.

Quote from: Elwar on December 27, 2013, 03:17:00 AM

I work in Afghanistan as a military contractor. I make a lot of money with no expenses (my house back home is being rented for the amount of the mortgage payment).

Every paycheck gets converted to bitcoins.

I started doing this when the price was $22/BTC. Unloaded about a third of them on the news that the US Marshalls were going to auction the Silk Road coins. Bought back in in the $400s.

Not in AF anymore, but now instead of converting each paycheck I use bitwage.co to do it for me.

NotLambchop

sr. member

Activity: 378

Merit: 254

Quote from: BitChick on December 27, 2013, 07:36:40 PM

...
It is not like we don't have a plan to sell, but just not yet. Next year most likely we will heed the advice of some smart people and begin to withdraw systematically.

Know exactly who you mean. Keep the faith, sister!

Amph

legendary

Activity: 3248

Merit: 1070

all-in yes but generally, i'm dumping some amount, to buy thing, and to move this little baby, remember that bitcoin is still in beta

Warren Buffert

full member

Activity: 364

Merit: 102

This has got to be one of the most cringe worthy threads ever.

Quote from: sir faps on December 27, 2013, 12:08:09 AM

Liquidated my Roth about 2 weeks ago. I have gained 70% since then. Once I get 100%+, gonna cash out my original investment and let it ride. I am confident this will happen, I am just not sure of the exact TIME it will happen yet haha. So far this has been a great experiment Wink

Quote from: BitChick on December 26, 2013, 11:30:23 PM

All of our savings (besides some of our 401K) is in BTC. Have not sold any toys. Not that we have any to sell anyways. Wink

It did not start out that way. We threw a little in thinking we would gradually put more in as time went on. But with BTC we learned fairly quickly that the best strategy can be just to throw it all in as quickly as possible, especially if it can be timed before it hits an ATH. Wink

Oh, and our savings was nothing really impressive to begin with. However, even putting a small amount into BTC and holding there for over 8 months can give some amazing returns.

Next year should be fun! Grin

Quote from: Elwar on December 27, 2013, 03:17:00 AM

I work in Afghanistan as a military contractor. I make a lot of money with no expenses (my house back home is being rented for the amount of the mortgage payment).

Every paycheck gets converted to bitcoins.

BitChick

legendary

Activity: 1148

Merit: 1001

Quote from: YoYa on December 27, 2013, 06:28:29 PM

Quote from: Boxman90 on December 27, 2013, 04:20:10 PM

Quote from: BitChick on December 27, 2013, 02:04:22 PM

Quote from: GeniuSxBoY on December 27, 2013, 01:56:51 PM

Quote

And no this isn't gambling, it's called calculated risk taking. People with balls do it

Your statement implies that people with balls don't gamble. In reality, people that gamble with a lot of money without calculation require bigger balls than those that perform calculated risk taking.

I think that people that gamble are generally foolish to do so, especially at casinos. If they only gamble what they are willing to lose then I guess it can be fun, but I am not sure I would say that they have "bigger balls." Maybe less brain cells? Wink

The funny thing is that BitChicksHusband and I have never been gamblers. We go to Vegas and don't gamble while we are there. Why? The chances of winning are pretty slim. You would think only the gamblers would be the risk takers with Bitcoin but that is just not the case.

With Bitcoin it is a much better calculated risk and way less of a gamble then playing a game of cards or some slot machines.

So far the "gamble" if you want to call it that, has paid of nicely.

And your ultimate mistake will be holding on to the inductive "it paid off in the past so it will in the future"-reasoning indefinitely, like I said earlier. It has paid of thus far, no argument there. But you're still gambling and greedy as fuck. Never go all-out, never go all-in.

A journey to the bottom of the pit of despair is a painful and enlightening path, your emotions will hurt your position and your losses will become a mountain that needs climbing to re-establish your initial position. Hubris is a very poor trading strategy.

It is not like we don't have a plan to sell, but just not yet. Next year most likely we will heed the advice of some smart people and begin to withdraw systematically.

YoYa

hero member

Activity: 809

Merit: 501

Always verify deals with me through my public key!

Quote from: Boxman90 on December 27, 2013, 04:20:10 PM

Quote from: BitChick on December 27, 2013, 02:04:22 PM

Quote from: GeniuSxBoY on December 27, 2013, 01:56:51 PM

Quote

And no this isn't gambling, it's called calculated risk taking. People with balls do it

Your statement implies that people with balls don't gamble. In reality, people that gamble with a lot of money without calculation require bigger balls than those that perform calculated risk taking.

I think that people that gamble are generally foolish to do so, especially at casinos. If they only gamble what they are willing to lose then I guess it can be fun, but I am not sure I would say that they have "bigger balls." Maybe less brain cells? Wink

The funny thing is that BitChicksHusband and I have never been gamblers. We go to Vegas and don't gamble while we are there. Why? The chances of winning are pretty slim. You would think only the gamblers would be the risk takers with Bitcoin but that is just not the case.

With Bitcoin it is a much better calculated risk and way less of a gamble then playing a game of cards or some slot machines.

So far the "gamble" if you want to call it that, has paid of nicely.

And your ultimate mistake will be holding on to the inductive "it paid off in the past so it will in the future"-reasoning indefinitely, like I said earlier. It has paid of thus far, no argument there. But you're still gambling and greedy as fuck. Never go all-out, never go all-in.

A journey to the bottom of the pit of despair is a painful and enlightening path, your emotions will hurt your position and your losses will become a mountain that needs climbing to re-establish your initial position. Hubris is a very poor trading strategy.

TERA

hero member

Activity: 728

Merit: 500

Most of the time I'm 50/50 or 60/40 but I go all in during crash bounces and bubble breakouts when it's obvious that a giant force is entering and driving the price up immediately. Actually in November I was all in with 200% margin.

OC19850520

full member

Activity: 189

Merit: 100

I dont think it is necessary to go all in, just start some Business accepting Bitcoin and invest your time. Dont be greedy Wink

Tisko

newbie

Activity: 33

Merit: 0

I don't like the narrow way the OP question is formulated. For me it is:
Yes, my very little and all "savings" are held in bitcoin constantly. I'm all in.
No, I haven't had anything I could sell for bitcoin, nor have I EVER bought any bitcoin.
The few bitcoins I have I have earned. I have invested nothing but time and effort.

BlackBison

sr. member

Activity: 250

Merit: 250

Quote from: BlackBison on December 08, 2013, 04:02:02 PM

Quote from: Herp on December 07, 2013, 08:52:45 PM

You can just take some off the table and diversify into stocks or something. Rare earths or 3d printing are some interesting alternatives.

“Diversification is protection against ignorance. It makes little sense if you know what you are doing.”

― Warren Buffett

ElectricMucus

legendary

Activity: 1666

Merit: 1057

Marketing manager - GO MP

Quote from: sir faps on December 27, 2013, 04:35:36 PM

Quote from: ElectricMucus on December 27, 2013, 12:25:27 PM

And it's the same risk-reward strategy, and knowing what Bitcoin does next needs tons of experience too. Saying that it doesn't require experience are typical sings of a speculative bubble.

An inexperienced person can succeed in Bitcoin. Buy at any price, wait 365 days, sell. You made money. Requires ZERO experience.

Try doing that with any penny stock and you will lose 95%+ of the time (and that is being conservative)

It's easy to claim that post et facto. If that holds to be true over the next decade remains to be seen.

sir faps

member

Activity: 91

Merit: 10

Quote from: ElectricMucus on December 27, 2013, 12:25:27 PM

And it's the same risk-reward strategy, and knowing what Bitcoin does next needs tons of experience too. Saying that it doesn't require experience are typical sings of a speculative bubble.

An inexperienced person can succeed in Bitcoin. Buy at any price, wait 365 days, sell. You made money. Requires ZERO experience.

Try doing that with any penny stock and you will lose 95%+ of the time (and that is being conservative)

theecoinomist

full member

Activity: 200

Merit: 100

Quote from: mskryxz on December 26, 2013, 11:24:51 PM

As in, more than 80% of your savings are in it

Yes, but it didn't start that way

Quote from: GeniuSxBoY on December 27, 2013, 01:07:20 AM

How will I be disappointed? It's not like there is looming global stock market crash in our future or anything. It's not like all of central and south America now has access to bitcoin. It's not like there is a debt crisis in the USA. It's not like the Fed is still printing $85 Billion a month.

oh shit.

Boxman90

hero member

Activity: 518

Merit: 500

Quote from: BitChick on December 27, 2013, 02:04:22 PM

Quote from: GeniuSxBoY on December 27, 2013, 01:56:51 PM

Quote

And no this isn't gambling, it's called calculated risk taking. People with balls do it

Your statement implies that people with balls don't gamble. In reality, people that gamble with a lot of money without calculation require bigger balls than those that perform calculated risk taking.

I think that people that gamble are generally foolish to do so, especially at casinos. If they only gamble what they are willing to lose then I guess it can be fun, but I am not sure I would say that they have "bigger balls." Maybe less brain cells? Wink

The funny thing is that BitChicksHusband and I have never been gamblers. We go to Vegas and don't gamble while we are there. Why? The chances of winning are pretty slim. You would think only the gamblers would be the risk takers with Bitcoin but that is just not the case.

With Bitcoin it is a much better calculated risk and way less of a gamble then playing a game of cards or some slot machines.

So far the "gamble" if you want to call it that, has paid of nicely.

And your ultimate mistake will be holding on to the inductive "it paid off in the past so it will in the future"-reasoning indefinitely, like I said earlier. It has paid of thus far, no argument there. But you're still gambling and greedy as fuck. Never go all-out, never go all-in.

Syke

legendary

Activity: 3878

Merit: 1193

All-in scares me. I prefer a balanced 50/50 approach. I invest in equal quantities of USD and BTC.

BitChick

legendary

Activity: 1148

Merit: 1001

Quote from: GeniuSxBoY on December 27, 2013, 01:56:51 PM

Quote

And no this isn't gambling, it's called calculated risk taking. People with balls do it

Your statement implies that people with balls don't gamble. In reality, people that gamble with a lot of money without calculation require bigger balls than those that perform calculated risk taking.

I think that people that gamble are generally foolish to do so, especially at casinos. If they only gamble what they are willing to lose then I guess it can be fun, but I am not sure I would say that they have "bigger balls." Maybe less brain cells? Wink

The funny thing is that BitChicksHusband and I have never been gamblers. We go to Vegas and don't gamble while we are there. Why? The chances of winning are pretty slim. You would think only the gamblers would be the risk takers with Bitcoin but that is just not the case.

With Bitcoin it is a much better calculated risk and way less of a gamble then playing a game of cards or some slot machines.

So far the "gamble" if you want to call it that, has paid of nicely.

GeniuSxBoY

hero member

Activity: 616

Merit: 500

Quote

And no this isn't gambling, it's called calculated risk taking. People with balls do it

Your statement implies that people with balls don't gamble. In reality, people that gamble with a lot of money without calculation require bigger balls than those that perform calculated risk taking.

mistress_magpie

full member

Activity: 126

Merit: 100

Retired from the mistressing business

I only put labour in, and I only take goods and services out. However I find that I will work hard for bitcoin

lambdaE

sr. member

Activity: 251

Merit: 250

Quote from: mskryxz on December 27, 2013, 10:19:45 AM

In 2004, I had $10,000 saved up and I had 2 choices. Invest all in to google at $90 per share or buy a brand new motorcycle.

I ended up buying the Motorcycle for $9,600 or so after taxes and other fees. Had I bought Google, I'd have a nice 100k+.
Motorcycle now is worth less than $3,500.

Yes, but you enjoyed your Motorcycle last few years. And the Google could fail...

ElectricMucus

legendary

Activity: 1666

Merit: 1057

Marketing manager - GO MP

And it's the same risk-reward strategy, and knowing what Bitcoin does next needs tons of experience too. Saying that it doesn't require experience are typical sings of a speculative bubble.

Topic: Anyone "all in" on bitcoin? (Read 4742 times)