I quit trading - page 131. | Bitcointalksearch.org

edric

hero member

Activity: 546

Merit: 501

Quote from: Mayer Amschel on September 21, 2015, 06:21:35 AM

So guys, after 2 years of trading i am going to stop. (unless i have full time to trade, which i currently don't)

I have calculated all my trades on the various platforms i have used in the last couple years.

Deposited: 47BTC (roughly)

Withdrew: 40BTC (roughly)

Overall i am happy with the results, i would pay 7 BTC anyday for what i have learned so far.

Now the question is: what the fuck do i do now with my money.

Learn about quantitative value investing. Look up Joel Greenblatt. Read The Little Book That Beat the Market. Read about Wesley Grey. Subscribe to YCharts maybe. You may want to begin with the basics, like some Benjamin Graham and Warren Buffett. You don't have to do a lot of work if you do it qualitatively and don't touch it. Set a target for "fair value" and wait. If you pick a basket of the best stocks and buy them, and/or short the worst stocks based on historically sound metrics you will beat the market by miles. It's when you get too involved with the decision making that you hurt your returns.

eternalgloom

legendary

Activity: 1792

Merit: 1283

Lots of things you could do with that money, invest in building a website or start a business.
Buy some precious metals with it or invest it in stocks or bonds.

knowhow

hero member

Activity: 560

Merit: 500

Gold is quite more risky then bitcoin because banks and fortunes hold it and play those market,i remember a day gold lost around 100 dollars of its value,bitcoin mooves around the same but harder to react to bad new into economy ,that happens with gold.

Luqman

sr. member

Activity: 826

Merit: 263

Buy Gold dude, I think gold is good investment Wink

knowhow

hero member

Activity: 560

Merit: 500

Well is one of the first persons that says his results and well into 2 years is something to show that exchange turn into a loss as well not soo easy to profit,and yes without time to make your positions is hard to profit ,looks you must look for other feature besides exchange .

EthanB

sr. member

Activity: 462

Merit: 336

Quote from: HeroCat on September 21, 2015, 08:57:34 AM

You can try Forex market with Bitcoins, may be profit will be not very high, but you can continue to get something Wink

If you do not have Forex market experience, better do not try Forex untill you have enough experience Grin

I am extremely experienced and successful at forex trading, and it is certainly a good place to invest your money. All it takes is a little bit of learning and dedication.

scriptman

member

Activity: 112

Merit: 10

You could always invest in some opportunities on here.

I have one which you may be interested in for a good return over 26 weeks.

PM me if you would like to know more.

Thanks

futurebit640

hero member

Activity: 910

Merit: 1000

Quote from: ingiltere on September 21, 2015, 04:42:02 PM

Good decision. It's very hard to make money in BTC trading even you work for it full time. You need to do long term trades (buy at bottom-hold-sell at top), it should increase your trading accuracy.

What you said buy at low is very simple to say but what is the bottom price any idea? so instead of waiting like the you can buy in small quantities whenever you can buy and wait for prices to increase to sell to take profit but if your into full time trading then it is quite difficult to make profits regularly and some times you may need to wait for long time make profits from these trades.

randy8777

legendary

Activity: 896

Merit: 1000

simply hold your coins. sit back and enjoy seeing your coins increase in value as we're getting closer to the block halving. that's what i would do if i stopped with trading.

thejaytiesto

legendary

Activity: 1358

Merit: 1014

Quote from: 21coin on September 21, 2015, 06:26:17 AM

Real simple, start trading here. Seriously though, maybe :
1) Invest in a gambling site, because of the house edge you'll win in the long run
2) Have a look at this post, as I'm not going to repeat something already said https://bitcointalksearch.org/topic/m.12165431

Why would you do that? It seems like a big risk to put a stack of money outside your wallet in some gambling site that may dissapear next morning.
Unless someone has a better idea to make profit off those 40 BTC, I would just hold them. The interest is the what you will get as BTC goes up in price in the future.
If you want quicker rewards you need bigger risks, and that's probably trading, gambling and putting your coins in some dodgy place like BTCJams or a house edge on a casino.

lockshop11

newbie

Activity: 31

Merit: 0

Great. You don't lose a lot and learn the lessons. Even you can quit trading by yourself. Probably you could invest to some crypto assets or altcoins , which are cheap now.

angelakay124

full member

Activity: 126

Merit: 100

Crypto-Games.net: DICE, BLACKJACK and SLOT

Just use that money to do parternership business in running faucets,bitcoin related blogs or forums etc which will keep on giving you return till you become old. I think that will be safest way to grow your 40 bitcoin which is more than 9000 $.

elite3000

legendary

Activity: 1073

Merit: 1000

The USD price of Bitcoin is quite volatile as it is. You might make some money on short-term trades, but it doesn't seem worth the risk.

jbrnt

hero member

Activity: 672

Merit: 500

Quote from: Mayer Amschel on September 21, 2015, 06:21:35 AM

Deposited: 47BTC (roughly)
Withdrew: 40BTC (roughly)
Overall i am happy with the results, i would pay 7 BTC anyday for what i have learned so far.
Now the question is: what the fuck do i do now with my money.

You made a loss of 7btc in 2 years and you are happy? I have been earning and buying bitcoin for 2 years and I don't have 7 btc yet. What have you learned these years in trading? To stop loss?

I think you should just keep the bitcoin in a safe wallet and leave them. It's going to worth much more in a few years.

scriptman

member

Activity: 112

Merit: 10

What are the reasons you stopped trading?

I think you should get back out there and keep the coins flowing.

I agree with the comment about the blocks halving..... I would hold onto some until then.

Whatever you decide to do... best of luck

maokoto

hero member

Activity: 770

Merit: 500

✪ NEXCHANGE | BTC, LTC, ETH & DOGE ✪

Quote from: Mayer Amschel on September 21, 2015, 06:21:35 AM

So guys, after 2 years of trading i am going to stop. (unless i have full time to trade, which i currently don't)

I have calculated all my trades on the various platforms i have used in the last couple years.

Deposited: 47BTC (roughly)

Withdrew: 40BTC (roughly)

Overall i am happy with the results, i would pay 7 BTC anyday for what i have learned so far.

Now the question is: what the fuck do i do now with my money.

Any tip from those things you have learned?

Amph

legendary

Activity: 3248

Merit: 1072

if you want to invest , invest in something that isn't a gamble, maybe if you cheap electricity bill, you can choose the route of mining with the new S7

Jamacn

full member

Activity: 236

Merit: 100

glad you denominated with bitcoin

if you use fiat, usd, 2 years ago 47 BTC is valued 24,000 usd (roughly), and now 40 BTC is valued 10,000 usd (roughly)

iCan

hero member

Activity: 574

Merit: 502

Quote from: Mayer Amschel on September 21, 2015, 06:21:35 AM

Now the question is: what the fuck do i do now with my money.

Leave it on black day, or on gold day when BTC will be cost 1000$

ingiltere

legendary

Activity: 2982

Merit: 1485

Good decision. It's very hard to make money in BTC trading even you work for it full time. You need to do long term trades (buy at bottom-hold-sell at top), it should increase your trading accuracy.

Topic: I quit trading - page 131. (Read 242600 times)