Finalizing my investment (Which is the best way?)

pungopete468

hero member

Activity: 1470

Merit: 504

Quote from: Abdussamad on January 14, 2014, 07:13:17 AM

Quote from: pungopete468 on January 13, 2014, 06:36:11 AM

You've made an investment and the longer you hold that investment the better off you will be on your return. If I were you I would ignore the market and only read the news about Bitcoin (not just from one source). Take out only what you need to pay your bills or buy something that you want specifically but try to trade only in BTC without first converting to USD.

He's spent money on mining hardware not coins. He would have been better of had he bought bitcoins with that money.

Possibly but not necessarily...

Time will tell.

Abdussamad

legendary

Activity: 3640

Merit: 1571

Quote from: pungopete468 on January 13, 2014, 06:36:11 AM

You've made an investment and the longer you hold that investment the better off you will be on your return. If I were you I would ignore the market and only read the news about Bitcoin (not just from one source). Take out only what you need to pay your bills or buy something that you want specifically but try to trade only in BTC without first converting to USD.

He's spent money on mining hardware not coins. He would have been better of had he bought bitcoins with that money.

Hashcesar84

newbie

Activity: 56

Merit: 0

Quote from: pungopete468 on January 13, 2014, 04:46:50 PM

SO many people sold at $250 or below and those who forgot about their Bitcoin wallets ended up winning big.

You don't invest that kind of money in a currency you don't believe will last... So I'm assuming you believe Bitcoin will reach widespread acceptance. Don't day trade and certainly don't trade it for government fiat unless you need to pay for something which can't be tendered in Bitcoin.

Seriously, ignore the market altogether. Even if the price halves again some day soon just ignore it. I believe Bitcoin is an unstoppable force and will see only delay, never defeat.

Just looking for a return, $ or BTC it doesn't matter. For me is the same, with $ I can buy BTC and vice versa.

Hashcesar84

newbie

Activity: 56

Merit: 0

Quote from: pungopete468 on January 13, 2014, 04:46:50 PM

SO many people sold at $250 or below and those who forgot about their Bitcoin wallets ended up winning big.

You don't invest that kind of money in a currency you don't believe will last... So I'm assuming you believe Bitcoin will reach widespread acceptance. Don't day trade and certainly don't trade it for government fiat unless you need to pay for something which can't be tendered in Bitcoin.

Seriously, ignore the market altogether. Even if the price halves again some day soon just ignore it. I believe Bitcoin is an unstoppable force and will see only delay, never defeat.

pungopete468

hero member

Activity: 1470

Merit: 504

SO many people sold at $250 or below and those who forgot about their Bitcoin wallets ended up winning big.

You don't invest that kind of money in a currency you don't believe will last... So I'm assuming you believe Bitcoin will reach widespread acceptance. Don't day trade and certainly don't trade it for government fiat unless you need to pay for something which can't be tendered in Bitcoin.

Seriously, ignore the market altogether. Even if the price halves again some day soon just ignore it. I believe Bitcoin is an unstoppable force and will see only delay, never defeat.

Hashcesar84

newbie

Activity: 56

Merit: 0

Quote from: pungopete468 on January 13, 2014, 06:36:11 AM

He was commenting on your last statement about the market fluctuations.

You've made an investment and the longer you hold that investment the better off you will be on your return. If I were you I would ignore the market and only read the news about Bitcoin (not just from one source). Take out only what you need to pay your bills or buy something that you want specifically but try to trade only in BTC without first converting to USD.

That's what I would do. If you watch the market you will be far too tempted to sell low at the wrong time.

yee you right I'm easily impressionable!

pungopete468

hero member

Activity: 1470

Merit: 504

He was commenting on your last statement about the market fluctuations.

You've made an investment and the longer you hold that investment the better off you will be on your return. If I were you I would ignore the market and only read the news about Bitcoin (not just from one source). Take out only what you need to pay your bills or buy something that you want specifically but try to trade only in BTC without first converting to USD.

That's what I would do. If you watch the market you will be far too tempted to sell low at the wrong time.

Hashcesar84

newbie

Activity: 56

Merit: 0

Quote from: empoweoqwj on January 13, 2014, 05:34:41 AM

I think you've spent far too much money for someone is so clearly unsure about what they are doing ....

What do you mean?

empoweoqwj

hero member

Activity: 518

Merit: 500

I think you've spent far too much money for someone is so clearly unsure about what they are doing ....

There is no crash today, its just the natural ebb and flow of the market.

Hashcesar84

newbie

Activity: 56

Merit: 0

Hello everybody.

should arrive in 1 month 2 Terraminer of 2Th/s each and I've paid 13.6k$ shipping included.

Now I'm thinking about sell some shares of this investment like enough to get paid at last 1 miner.

What do you think about this? Maybe is better mine when it arrive? I'm a bit afraid about difficulty and btc price in February, at today conditions do not bode well...

should I have to sell some shares or not? Please good answers!

PS: why btc is crashing bad today?!?!?!?

Topic: Finalizing my investment (Which is the best way?) (Read 1202 times)