If you don't need the money, and don't have the time, just stash your coin.

michaelGedi

sr. member

Activity: 364

Merit: 250

"to be or not to be, that is the bitcoin"

fair point OP.

I made a large profit from the 50-160 post bubble rally.... I have since lost it all bit by bit in each skirmish I attempted.

If I'd bought at $77 and just held, I'd be a lot better off than trying to play day trader...

ASICMINER shares are my mid term solution for now... hopefully if BTC is devalued against the dollar, I will have a higher share price and a few dividends to balance that out. Otherwise I'll be up a lot more (if the shares don't tank).

It's a risk multiplier, but hey, everything in BTC seems risky for the time being!

joesmoe2012

hero member

Activity: 882

Merit: 501

Ching-Chang;Ding-Dong

I think it may be a bit overvalued to be buying in at this level for a long term investment

Pzi4nk

member

Activity: 70

Merit: 10

Move over clarinets, I'm getting on the band wagon

I agree there's a certain elegance to the "buy BTC and hold" strategy, but I think it's much more fun to be involved in the market. That's part of what makes bitcoin so attractive right now.

ElectricMucus

legendary

Activity: 1666

Merit: 1057

Marketing manager - GO MP

I *always* need money.

UltimateReaper

newbie

Activity: 56

Merit: 0

http://media.tumblr.com/tumblr_md8c1oAu0C1r6h22v.gif

crazy_rabbit

legendary

Activity: 1204

Merit: 1002

RUM AND CARROTS: A PIRATE LIFE FOR ME

To be honest, if you don't need the money (you don't right? Considering it's the riskiest investment around....) and you don't have the time to watch the news for Bitcoin related info and never sleep (in order to catch falling knives), you're best bet is to just stash those coin on a paper wallet and go about your normal life.

At this point, things are going to be just fine for the near future. You only risk fudging something up by leaving money on an exchange, *not* catching the falling knife, or some other catastrophe that can happen on any odd day when you're not pay attention. Make peace with the coin you have and go back to real life. (Or better yet- go back to building that super cool thing you were working on).

Yeah, speaking from personal experience here. :-)

Topic: If you don't need the money, and don't have the time, just stash your coin. (Read 1074 times)