There have only been 2 days in the history of bitcoin where the price was higher than now: June 8th and 9th 2011.
So yes, taking a historians perspective buy & hold has been a good strategy for almost everyone that used it.
Topic: Buy & Hold BTCs is the Best Strategy. (Read 1460 times)
Buy and use bitcoins to for any purchases is the best strategy.
Spend a little, hoard a lot.
I'm certainly not averse to spending some BTC. I gamble, buy tea/VPN/advertising, donate BTC to friends and worthy causes, tip peeps (in mBTC 'cause I'm not rich) on the forum, etc. But building up the cold wallet is also desirable/important because I honestly anticipate one BTC being worth maybe $10k+ (in today's fiat value) in the not very distant future... or nothing, but probably not too much in between.
Buy and use bitcoins to for any purchases is the best strategy.
I sell my bits when I'm sure the price will go down enough for me to buy my bits back at a certain profit.
And if I don't think that's going to happen? Or am not sure the dip is going to be deep enough to make it a better risk than plain gambling?
Right, then I just don't sell my bits.
(Haven't sold a single bit in a long time, other than helping others get BTC and offsetting that with a buy somewhere else)
What should I do with my Casascius Physical Bitcoin? Buying & holding them for intermediary or long term also be good? And if I don't think that's going to happen? Or am not sure the dip is going to be deep enough to make it a better risk than plain gambling?
Right, then I just don't sell my bits.
(Haven't sold a single bit in a long time, other than helping others get BTC and offsetting that with a buy somewhere else)
BTW, when shall the new 10 BTCs / 1 oz silver coins be available?
My guess is that the great crash of 2011 may have produced something like a vaccine which is able to prevent further big crash in the future. So I dare to assert that after the great crash buying and holding BTCs may be the best strategy for us newcomers.
Buy on dips, sell on recovery, stay primarily in USD to minimize exposure to a major crash.
My strategy is the Best Strategy.
My strategy is the Best Strategy.
Unless the price tanks, then you are stuck holding the bag.
Buying and holding is great until the market crashes...then you are stuck with BTC worth almost nothing.
Buying and holding is great until the market crashes...then you are stuck with BTC worth almost nothing.
Replace BTC with USD and you can say the exact same thing.
Spread your investments though so your daily expenses are not dependent on either.
Unless the price tanks, then you are stuck holding the bag.
Buying and holding is great until the market crashes...then you are stuck with BTC worth almost nothing. Sure, the market could resurrect itself a third time after a major crash (ie: down to singles), but there is no guarantee.
Buying and holding is great until the market crashes...then you are stuck with BTC worth almost nothing. Sure, the market could resurrect itself a third time after a major crash (ie: down to singles), but there is no guarantee.
The best strategy is hold on rallies and buy on corrections. That's why I loaded up after the 2011 crash.
Yeah, this is less risky than selling in expectation of a correction that doesn't happen, LOL 
Best Strategy buy bitcoins at $0.005 and sell bitcoins at $9999999999999999999999999
Buy on dips, sell on recovery, stay primarily in USD to minimize exposure to a major crash.
My strategy is the Best Strategy.
My strategy is the Best Strategy.
I sell my bits when I'm sure the price will go down enough for me to buy my bits back at a certain profit.
And if I don't think that's going to happen? Or am not sure the dip is going to be deep enough to make it a better risk than plain gambling?
Right, then I just don't sell my bits.
(Haven't sold a single bit in a long time, other than helping others get BTC and offsetting that with a buy somewhere else)
And if I don't think that's going to happen? Or am not sure the dip is going to be deep enough to make it a better risk than plain gambling?
Right, then I just don't sell my bits.
(Haven't sold a single bit in a long time, other than helping others get BTC and offsetting that with a buy somewhere else)
The best strategy is hold on rallies and buy on corrections. That's why I loaded up after the 2011 crash.
However, people selling at various prices are also good - good for us all. Thanks a lot!
As my signature says: Buy & Hold 
is the Best Strategy.
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