so,what you want is not to lose when it goes down,but you want to earn when it goes up
so clever
Topic: Bitcoin Price Dropping ? How can I Protect The Value Of My Bitcoin. - page 3. (Read 4017 times)
November 03, 2014, 10:14:37 AM
November 03, 2014, 10:09:14 AM
Stop using bitpay & similar companies.
This is misguided advice at best. Bitpay and similar services are the near-term future of Bitcoin commerce. Yes, I fully understand the perspective that says since Bitpay retailers frequently do immediate conversion to USD, they're generating negative price pressure. However, for every potential retail purchase conversion to USD, there's a potential new adopter converting from USD.
Retailers currently have to pay 99% of their bills in fiat. That will not change instantly, no matter how much we wish it could. For Bitcoin to take off, retailers must accept it and must have success doing so. Bitpay is the crutch that bypasses the chicken-and-egg conundrum of BTC acceptance. Don't fear it. Embrace it.
Your feared short-term price devaluation is insignificant in the long run compared to broad retailer acceptance and high consumer activity.
November 03, 2014, 10:08:10 AM
- Stay informed (News is key to staying ahead of any future price dips)
- Prepare for future scenarios (Hedge the risk of any possible adverse market conditions by having exit/re-entry strategies)
- Take immediate action (When the market falls get out before the panic erupts. Do not be a Bitcoin romantic .Emotional attachment will cost you.)
"just keep your bitcoins"
best value protection
November 03, 2014, 09:56:29 AM
Protect your investments by buying more when it drops in value and whenever you spend BTC immediately buy more.
November 03, 2014, 09:44:34 AM
You could spend it the way God and Satoshi meant it to be used. The stuff I bought three weeks ago at $390/BTC is still worth about the same.
November 03, 2014, 09:39:10 AM
I prefer the chimpanzee technique.
1. You define how much BTC you can buy in avergae for every period (say 1 BTC every week).
2. Then, when the date is due, you shuffle 5 card with more or less 1 BTC. (For example : 0.50, 0.75, 1, 1.25, 1.50)
3. Pick one and buy the amount specified on the card
4. Repeat every period, without looking at the market rate
If you need cash, then do the same for the amount to sell. But be sure you are reasoning on your actual need of cash, and not because of market conditions.
The Chimpanzee technique is a reliable way to protect against human bias. http://www.ted.com/talks/hans_rosling_shows_the_best_stats_you_ve_ever_seen?quote=130
Chimpanzee can teach you how to invest wisely, but also how to peal a banana, broad range of skill. http://www.instructables.com/id/How-to-Eat-a-Banana-Like-a-Monkey/
1. You define how much BTC you can buy in avergae for every period (say 1 BTC every week).
2. Then, when the date is due, you shuffle 5 card with more or less 1 BTC. (For example : 0.50, 0.75, 1, 1.25, 1.50)
3. Pick one and buy the amount specified on the card
4. Repeat every period, without looking at the market rate
If you need cash, then do the same for the amount to sell. But be sure you are reasoning on your actual need of cash, and not because of market conditions.
The Chimpanzee technique is a reliable way to protect against human bias. http://www.ted.com/talks/hans_rosling_shows_the_best_stats_you_ve_ever_seen?quote=130
Chimpanzee can teach you how to invest wisely, but also how to peal a banana, broad range of skill. http://www.instructables.com/id/How-to-Eat-a-Banana-Like-a-Monkey/
November 03, 2014, 09:20:41 AM
Buy more Bitcoin.
Buy things with Bitcoin
Stop using bitpay & similar companies.
Buy things with Bitcoin
Stop using bitpay & similar companies.
November 03, 2014, 09:19:52 AM
Protect your investment by buying more. If all do that then newcomers will have to pay more.
Or, simply wait and keep faith.
Or, simply wait and keep faith.
November 03, 2014, 08:18:19 AM
My suggestion is for people to either use bitcoin and/or invest in it as a long term strategy rather than attempt to outsmart the marketplace or depend on fancy algorithms/bots to hedge against risks with some form of day trading .
If you want to invest in bitcoin, great, buy some and secure it in cold storage instead of hot wallets and stay calm and simply do not sell it below your purchase price. Otherwise, do not invest in Bitcoin(and merely use it) as you will likely be harmed by third parties who think of creative schemes to scrape profits off of your fear and uncertainty.
If you want to invest in bitcoin, great, buy some and secure it in cold storage instead of hot wallets and stay calm and simply do not sell it below your purchase price. Otherwise, do not invest in Bitcoin(and merely use it) as you will likely be harmed by third parties who think of creative schemes to scrape profits off of your fear and uncertainty.
November 03, 2014, 07:51:54 AM
That's a question I always ask myself, weather its in the morning when I wake up, during the day as I read all those negative Bitcoin reviews or even at night as I stay up contemplating weather or not my Bitcoins will be worth less by the time I wake.
I came to a simple 3 point solution.
- Stay informed (News is key to staying ahead of any future price dips)
- Prepare for future scenarios (Hedge the risk of any possible adverse market conditions by having exit/re-entry strategies)
- Take immediate action (When the market falls get out before the panic erupts. Do not be a Bitcoin romantic .Emotional attachment will cost you.)
I'm not fear mongering here , I'm simply being realistic. We all know the concept of Bitcoin is still pretty new and as we have seen with other bubbles, some burst and some float to great heights.
If anyone wants to stay informed about working systems to help offset risk and hedge against future price swings.
Follow me on Twitter : @Bitcoin_Drop
I came to a simple 3 point solution.
- Stay informed (News is key to staying ahead of any future price dips)
- Prepare for future scenarios (Hedge the risk of any possible adverse market conditions by having exit/re-entry strategies)
- Take immediate action (When the market falls get out before the panic erupts. Do not be a Bitcoin romantic .Emotional attachment will cost you.)
I'm not fear mongering here , I'm simply being realistic. We all know the concept of Bitcoin is still pretty new and as we have seen with other bubbles, some burst and some float to great heights.
If anyone wants to stay informed about working systems to help offset risk and hedge against future price swings.
Follow me on Twitter : @Bitcoin_Drop
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